Guest Post

Taking a Look at All Advantages that Bitcoin Has

Written by: Coinpedia

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Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    Jun 8, 2021


    Bitcoin’s future may be uncertain, but what we do know now is that this cryptocurrency makes all other regular payment methods look obsolete which is why it has a lot of potential. But, due to the fact that is highly decentralized and cannot be controlled by banks and governments, authorities oppose it to the maximum, which is why we cannot determine whether it will be legalized or remain an outlaw currency. 

    Speaking of all of its advantages, we wanted to take a look at the areas in which Bitcoin completely dwarves both the crypto competition and the regular payment methods. We’ll dive into the details so that you can see how superior it is. 

    Its Value is Second to None 

    The first advantage applies to both regular payment methods and other cryptocurrencies. As of April 2021, Bitcoin’s value is more than $50,000. No other cryptocurrency has managed to even come close to this number. The fact that Bitcoin is extremely valuable is the reason why a majority of the crypto users use Bitcoin to try and make a profit. 

    Speaking of the profit, it is worth noting that after you earn it, you can maximize your profits by registering and using reputable trading sites. Here’s how. Trustworthy platforms will provide you with additional services. One of the best services of this type is the advanced AI system that can tip you on the future fluctuations of Bitcoin. 

    As you know, Bitcoin is a cryptocurrency that has a high volatility rate and traders always have problems figuring out when is the best time to sell their assets and maximize their revenue. These AI systems can help you solve that problem. Bitcoin Billionaire is one of the trading platforms that has the most advanced AI system of this type. It collects all the data about Bitcoin from the market and uses it to predict its future price. 

    The fact that this trading site has a huge daily profitability rate tells you how efficient and effective this system is.

    Instant Online Transactions

    The next advantage makes Bitcoin superior towards regular payment methods. Since banks process every online transaction with methods like credit and debit cards, it may take up to a few business days before a transaction is completed. 

    That is not the case with Bitcoin. Every online payment that you make with this cryptocurrency is instant. Not only that, but banks are known for applying fees for transactions. Fees are the main way through which they profit. Considering the fact that they are excluded from Bitcoin’s network, they cannot impose these fees. 

    That means that Bitcoin is among the things that you can do to save money. As for general fees, they are much lower when using this cryptocurrency.

    Online Security 

    We live in an era where online scams are happening quite often. Thousands of people fall victim to online scams. Thanks to Bitcoin, you can rest assured that you are safe in the online world. Bitcoin uses a method called cryptology. It masks the information that is transferred between the serves and in doing so, users gain a certain level of anonymity. Additionally, Bitcoin has never been hacked.

    Other Advantages Over Cryptocurrencies

    Compared to other cryptocurrencies, Bitcoin is far more secure. Not only that, but its network is much more stable, new people are joining with each passing day, and Bitcoin has far greater liquidity. 

    Finally, out of all cryptocurrencies on the market, Bitcoin has the biggest potential as it has the highest chances of being legalized at some point in the future.

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    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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