- Economic freedom: users have full control in their wallet and payment. They can use their cryptos without any interference or extra charge. Moreover, Bitcoin is universal. Users can send and receive it in just one click from anywhere and anybody. They do not have any limitation.
- Lower fees vs. no fees: when users send Bitcoins to banks or across the world, they do not have to pay an extra fee, unlike other payment methods. It is easier and cheaper. However, users also can add optional, extremely small fees if they desire a faster transaction. Additionally, users can convert Bitcoins in their wallet into actual cash by transferring BTC through an exchange then to their bank account.
- Safe market: nobody can control or interfere with other people’s wallets or transaction processes except the owner. Users also do not need to give their private information during the proceeding, preventing some malicious actor from stealing your assets. With this new security system, Bitcoin’s market does not only encourages merchants to trade in it, but also creates a platform called merchants processors exist. It allows merchants to trade worldwide even if neither have credit cards.
Stability and authority: no organization or individual controls the system because it is cryptographically secure. Users can enter the blockchain to check all information or verify their identity in real time.
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