It has been over a decade since cryptocurrency has started to fascinate individuals over social media and particularly over the internet. Bitcoin has been able to rank among the top cryptocurrencies at the moment, nobody knows about the actual origin of the currency however it popped up in mid 2008 associated to a Japanese pseudo name “Satoshi Nakamoto”.

So, what exactly is this Bitcoin Currency and why has it been able to sustain its place in the monetary markets. Well, the next listed reasons could offer you an thought of its commonity and a piece of proof as to its continued safe future existence.

Bitcoin is the first decentralized digital currency.

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

With its rising fashionableity among the masses, it now enjoys an increased level of acceptability at all levels, as an example, now you can buy stuff with Bitcoin cryptocurrency directly and in addition 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 peer 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 privacy is secure as compared to other modes of payments over the internet the place your vital information may be leaked and misused.

While transferring cash by the standard strategies you must pay charges relying on the quantity of your transactions and additional, these transfers are subject to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency does not require you to be sure by any state rules and additionalmore, you don’t incur heavy charges on the transactions.

Since you are the only one who has access to your digital wallet, your coins are always safe with you and no one can steal your money. The process and transactions are transparent as a result of shared public ledger and anyone can verify a transaction at anytime from wherever world wide using the internet.

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

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