1. Transactions are immediate.
A Bitcoin deposit or withdrawal is immediate and typically appears in players’ wallets the following day, in contrast to a bank transfer, which takes days to process.
2. There is no indication that the value is declining.
Bitcoin’s value has risen exponentially over the last year, and the price shows little sign of reversing course anytime soon. According to some analysts, the value of Bitcoin could exceed $1 million, signaling that governments will be taken seriously.
3. While it is not regulated by central banks, it is still subject to their control.
For the time being, Bitcoin is a ‘democratic’ currency that should not be harmed by large banks and financial institutions. Transactions are private, encrypted, and also tax-free. However, as the blockchain grows in popularity, larger organizations will be required to participate.
4. There are no fees associated with
Few online Bitcoin exchanges charge fees, but the majority of peer-to-peer Bitcoin exchanges do not. Frequently, transactions are entirely anonymous.
5. Bitcoin can be used to transact with major online merchants.
Bitcoin was originally intended to be used solely for the purpose of anonymously transporting cash across international borders. However, many large corporations are beginning to embrace Bitcoin, with e-wallets such as PayPal facilitating Bitcoin transactions for a small fee.