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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 at this time, nobody knows about the actual 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 in the monetary markets. Well, the next listed reasons might provide you with an concept of its widespreadity and a piece of proof 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 associated with any other currency for it to influenced value sensible by the economic indicators that govern the worth of traditional currencies.

With its growing standardity among the many plenty, it now enjoys an elevated level of acceptability in any respect levels, for instance, you can now purchase stuff with Bitcoin cryptocurrency directly and likewise trade it at 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 peer Bitcoin transfer.

In most cases the transfers are instantaneous.

The comfort 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 information will be leaked and misused.

While transferring money by the traditional methods you have to pay fees depending on the quantity of your transactions and additional, 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 additionalmore, you don’t incur heavy charges 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 clear as a result of shared public ledger and anybody can confirm a transaction at anytime from anyplace around the globe utilizing the internet.

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

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