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It’s been over a decade since cryptocurrency has started to fascinate folks over social media and particularly over the internet. Bitcoin has been able to rank among the many top cryptocurrencies in the present day, nobody knows concerning the precise origin of the currency nevertheless it popped up in mid 2008 associated to a Japanese pseudo name “Satoshi Nakamoto”.

So, what precisely is this Bitcoin Currency and why has it been able to maintain its place within the monetary markets. Well, the following listed reasons might give you an idea of its commonity and a chunk 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 authorities nor related with every other currency for it to influenced worth smart by the financial indicators that govern the value of traditional currencies.

With its growing in styleity among the lots, it now enjoys an elevated level of acceptability at all levels, for instance, now you can purchase stuff with Bitcoin cryptocurrency directly and likewise trade it at completely different platforms corresponding to 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 couple of clicks.

Your privacy is safe as compared to different modes of payments over the internet where your vital data could be leaked and misused.

While transferring cash via the traditional methods it’s a must to pay charges depending on the amount of your transactions and further, these transfers are subject to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency doesn’t require you to be bound by any state regulations and furthermore, you don’t 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 transparent due to the shared public ledger and anyone can confirm a transaction at anytime from anywhere around the globe utilizing the internet.

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

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