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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 right now, nobody knows in regards to the precise 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 within the financial markets. Well, the following listed reasons may give you an concept of its standardity and a chunk of evidence as to its continued safe future existence.

Bitcoin is the first decentralized digital currency.

Bitcoin is an unbiased free-floating currency which is neither owned by any government nor related with any other currency for it to influenced value wise by the financial indicators that govern the value of traditional currencies.

With its growing fashionableity among the lots, it now enjoys an increased level of acceptability in any respect levels, as an example, now you can purchase 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 look Bitcoin transfer.

In most cases the transfers are instantaneous.

The convenience of making transactions over the internet or your mobile phone with a few clicks.

Your privacy is secure as compared to other modes of payments over the internet the place your vital data may be leaked and misused.

While transferring cash through the traditional methods you need to pay fees depending on the amount 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 bound by any state regulations and additionalmore, you don’t incur heavy fees on the transactions.

Since you are the only one who has access to your electronic wallet, your coins are always safe with you and nobody can steal your money. The process and transactions are transparent because of the shared public ledger and anyone can confirm a transaction at anytime from wherever around the world using the internet.

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

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