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 the moment, nobody knows about the actual origin of the currency nonetheless 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 maintain its place in the financial markets. Well, the next listed reasons could provide you with an idea 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 independent free-floating currency which is neither owned by any government nor related with another currency for it to influenced value clever by the economic indicators that govern the worth of traditional currencies.

With its rising well-likedity among the masses, it now enjoys an increased level of acceptability at all levels, for instance, you can now purchase stuff with Bitcoin cryptocurrency directly and likewise trade it at 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 see Bitcoin transfer.

In most cases the transfers are instantaneous.

The comfort 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 where your vital information can be leaked and misused.

While transferring cash by way of the traditional methods you need to pay fees 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 furthermore, you do not incur heavy charges on the transactions.

Since you’re the only one who has access to your electronic wallet, your coins are always safe with you and no one can steal your money. The process and transactions are clear due to the shared public ledger and anyone can verify a transaction at anytime from anyplace around the globe using the internet.

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

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