It has 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 at present, nobody knows concerning the actual origin of the currency however it popped up in mid 2008 associated 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 financial markets. Well, the following listed reasons may offer you an concept of its well-likedity and a piece 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 government nor associated with every other currency for it to influenced worth sensible by the economic indicators that govern the worth of traditional currencies.

With its growing commonity among the many plenty, it now enjoys an elevated level of acceptability at all levels, for example, you can now buy stuff with Bitcoin cryptocurrency directly and in addition trade it at totally different platforms such as 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 comfort 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 through the standard methods you need to pay charges depending on the quantity of your transactions and further, 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 regulations and furthermore, you do not 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 nobody can steal your money. The process and transactions are transparent due to the shared public ledger and anyone can confirm a transaction at anytime from anywhere around the globe utilizing the internet.

Another advantage of getting a Bitcoin cryptocurrency wallet is that your account cannot be frozen.

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