It’s been over a decade since cryptocurrency has started to fascinate people over social media and particularly over the internet. Bitcoin has been able to rank among the top cryptocurrencies today, nobody knows about the actual origin of the currency nevertheless it popped up in mid 2008 related to a Japanese pseudo name «Satoshi Nakamoto».

So, what precisely is this Bitcoin Currency and why has it been able to maintain its place in the monetary markets. Well, the next listed reasons could provide you with an idea of its popularity and a chunk of proof as to its continued safe future existence.

Bitcoin is the primary decentralized digital currency.

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

With its growing popularity among the lots, it now enjoys an increased level of acceptability at all levels, for instance, you can now buy stuff with Bitcoin cryptocurrency directly and likewise trade it at totally 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 couple of clicks.

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

While transferring cash by means of the standard methods you need to pay fees relying on the amount of your transactions and additional, these transfers are topic to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency doesn’t require you to be certain by any state regulations and additionalmore, you do not incur heavy fees on the transactions.

Since you are the only one who has access to your digital wallet, your coins are always safe with you and nobody 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 around the world using the internet.

One other advantage of having a Bitcoin cryptocurrency wallet is that your account can’t be frozen.

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