It has been over a decade since cryptocurrency has started to fascinate people over social media and especially over the internet. Bitcoin has been able to rank among the top cryptocurrencies in the present day, nobody knows concerning the exact origin of the currency nonetheless it popped up in mid 2008 related to a Japanese pseudo name “Satoshi Nakamoto”.

So, what exactly is this Bitcoin Currency and why has it been able to maintain its place within the monetary markets. Well, the next listed reasons may give you an thought of its popularity and a bit of evidence as to its continued safe future existence.

Bitcoin is the first decentralized digital currency.

Bitcoin is an impartial free-floating currency which is neither owned by any government nor associated with any other currency for it to influenced worth wise by the economic indicators that govern the value of traditional currencies.

With its growing widespreadity among the many plenty, it now enjoys an elevated level of acceptability at all levels, as an illustration, now you can buy stuff with Bitcoin cryptocurrency directly and also trade it at different platforms equivalent to CoinBase, Bitfinex, Bitstamp, Kraken and more.

All you need is a wallet and an internet connection to make a peer to look Bitcoin transfer.

In most cases the transfers are instantaneous.

The convenience of making transactions over the internet or your mobile phone with a few clicks.

Your privateness is secure as compared to different modes of payments over the internet where your vital information can be leaked and misused.

While transferring money by way of the standard methods it’s important to pay charges depending on the volume of your transactions and additional, these transfers are topic to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency does not require you to be bound by any state laws and additionalmore, you don’t incur heavy charges on the transactions.

Since you are the only one who has access to your electronic wallet, your coins are always safe with you and no one can steal your money. The process and transactions are clear as a result of shared public ledger and anyone can confirm a transaction at anytime from anywhere all over the world using the internet.

Another advantage of getting a Bitcoin cryptocurrency wallet is that your account can’t be frozen.

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