It has been over a decade since cryptocurrency has started to fascinate people over social media and especially over the internet. Bitcoin has been able to rank among the top cryptocurrencies in the present day, nobody knows in regards to the precise origin of the currency however it popped up in mid 2008 related 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 financial markets. Well, the following listed reasons may provide you with an thought of its popularity and a piece of evidence 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 some other currency for it to influenced worth smart by the economic indicators that govern the value of traditional currencies.

With its growing widespreadity among the many lots, it now enjoys an increased level of acceptability at all levels, as an example, now you can purchase stuff with Bitcoin cryptocurrency directly and also trade it at completely different platforms corresponding to CoinBase, Bitfinex, Bitstamp, Kraken and more.

All you need 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 privateness is safe as compared to other modes of payments over the internet the place your vital information could be leaked and misused.

While transferring money via the standard methods it’s important to pay charges relying on the amount of your transactions and further, these transfers are subject to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency does not require you to be bound by any state regulations and additionalmore, you don’t incur heavy charges on the transactions.

Since you’re 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 clear due to the shared public ledger and anybody can confirm a transaction at anytime from anyplace around the world using the internet.

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

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