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It’s been over a decade since cryptocurrency has started to fascinate individuals over social media and especially over the internet. Bitcoin has been able to rank among the top cryptocurrencies today, nobody knows in regards to the actual origin of the currency however it popped up in mid 2008 related to a Japanese pseudo name “Satoshi Nakamoto”.

So, what exactly is this Bitcoin Currency and why has it been able to sustain its place in the financial markets. Well, the following listed reasons may give you an idea of its widespreadity and a chunk of proof 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 authorities nor associated with any other currency for it to influenced value sensible by the financial indicators that govern the value of traditional currencies.

With its growing in styleity among the lots, it now enjoys an increased level of acceptability at all levels, for example, you can now purchase stuff with Bitcoin cryptocurrency directly and also trade it at totally different platforms comparable 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 comfort of making transactions over the internet or your mobile phone with a couple of clicks.

Your privateness is secure as compared to different modes of payments over the internet the place your vital information will be leaked and misused.

While transferring cash by means of the conventional methods you must pay fees relying on the amount 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 furthermore, you do not incur heavy fees on the transactions.

Since you’re 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 due to the shared public ledger and anyone can confirm a transaction at anytime from wherever world wide utilizing the internet.

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

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