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It has 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 at this time, nobody knows about the exact origin of the currency however 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 in the monetary markets. Well, the next listed reasons might offer you an thought of its fashionableity and a bit 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 associated with another currency for it to influenced worth smart by the economic indicators that govern the worth of traditional currencies.

With its growing widespreadity among the many lots, it now enjoys an increased level of acceptability at all levels, for example, now you can purchase stuff with Bitcoin cryptocurrency directly and likewise trade it at 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 see 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 the place your vital data will be leaked and misused.

While transferring money through the standard strategies you must pay charges relying on the volume of your transactions and further, these transfers are topic to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency does not require you to be sure by any state regulations and additionalmore, you do not 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 no one can steal your money. The process and transactions are clear as a result of shared public ledger and anybody can confirm a transaction at anytime from anyplace world wide utilizing the internet.

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

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