It’s been over a decade since cryptocurrency has started to fascinate individuals over social media and especially over the internet. Bitcoin has been able to rank among the many top cryptocurrencies as we speak, nobody knows concerning the precise 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 within the financial markets. Well, the next listed reasons might provide you with an thought of its widespreadity and a bit of proof as to its continued safe future existence.

Bitcoin is the primary decentralized digital currency.

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

With its rising fashionableity among the masses, it now enjoys an increased level of acceptability in any respect levels, for example, you can now purchase stuff with Bitcoin cryptocurrency directly and likewise trade it at totally different platforms equivalent to CoinBase, Bitfinex, Bitstamp, Kraken and more.

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

In most cases the transfers are instantaneous.

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

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

While transferring money by means of the conventional methods you have to pay charges relying on the volume of your transactions and further, these transfers are subject to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency doesn’t require you to be bound by any state rules and furthermore, you don’t incur heavy fees on the transactions.

Since you’re 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 transparent because of the shared public ledger and anybody can confirm a transaction at anytime from anywhere around the world utilizing the internet.

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

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