Advantages of Using Bitcoins

bitcoin-in-gold-shades-1280x720-istockphoto-730x438Trade is the exchange of goods and services and it keeps n changing one of the things that keep trade in a constant change is the currency that is being used but the currency to be able to change trade it has to develop itself.

Bitcoins is a type of crypto currency which is a digital asset that is designed to function as medium of exchange where cryptography is used to secure the transactions, confirm purchase of the assets and also control the additional of the amount of coins one has.

Bitcoins is the first type of crypto currency which was created on 2009 and uses the decentralized system and not like the banks which uses the centralized systems this is due to the fact that individual companies or governments cannot produce the Bitcoins unlike in the other currencies where the government prints money.

Individuals are highly advised to ensure that they have a good secured account by ensuring that they have set a strong password for their Bitcoin Safes account.

Individuals get a lot of advantages from the use of the bitcoins some of them are as follows which have cause the high increase of individuals in the bitcoins.

One of the huge advantage of the bitcoins is that the currency is not regulated by any law yet legal, individuals are able to purchase things that they want without the interference of any government this helps the individuals to gain this advantage.

One of the other advantages of using the bitcoin is the fact that they are usually not controlled by any tax regulations, as we traditionally know that in other currencies individuals have to pay taxes when they are doing any business transaction for the bitcoin this does not happen since it is just you and the buyer.

Due to the fact that it is the individuals who set the passwords for the accounts and can’t be hacked unlike the other banking facilities which can be hacked it becomes the most secure method. Visit us at: bitcoinsafes.com

One of the other advantages of the bitcoins is the fact that individuals can be able to make transaction they want without fear that anyone is observing their operations, this is due to the fact that it is not regulated and thus any transaction is possible unlike the other currencies where the governments and the banks is always in check of your transactions.

One of the other advantages of bitcoins is that you do not have to carry money you just make all the transactions from you bitcoin account such as buying products, this limits the possibility of one losing a huge stake of money when going to buy gods and services.

Learn more here – https://en.wikipedia.org/wiki/Bitcoin

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s