Bitcoin is without a doubt a payment method/currency that has the power to shape the future in the financial sector. After all, it boasts tons of advantages and unlike regular payment methods, it is user-orientated. Bitcoin’s network currently has around 5 million users and thousands more are joining with each passing day.
With that thought in mind, we wanted to name a few reasons why you should start using Bitcoin. After all, this cryptocurrency makes all other regular payment methods look quite obsolete and it has massive future potential. Many experts believe that Bitcoin has what it takes to become a global universal payment method.
Without any further ado, let’s check the details.
Security is among the biggest concerns that every person has when paying online, especially these days, when the number of online scams just keeps rising. To be fair, regular payment methods like credit and debit cards do provide the users with solid security, but they are nothing compared to what Bitcoin can offer.
This cryptocurrency utilizes a technology called cryptography (cryptology). This is a method in which the data from the users is turned into a code and is transferred between the servers. In doing so, users gain a certain level of online anonymity. Anonymity greatly increases their security and makes it near-impossible for unwanted third parties to gain access.
Not only that but Bitcoin’s network has never been hacked, which is yet another proof of how effective its security is.
Chances to Make a Profit
Next up, you can use Bitcoin for more than just paying online. In fact, the number 1 reason why so many people use this cryptocurrency is to make a profit. Because Bitcoin’s current value varies between $55,000 and $60,000, traders that are familiar with the process can make a hefty profit.
All you have to do to start trading with Bitcoin is visit official site and register. A reputable trading platform will even use its advanced AI system to analyze the market and share the knowledge on Bitcoin’s future fluctuations with you. In doing so, your chances of maximizing your profit will increase. Considering the fact that these sites have high daily profitability rates, you can expect to be treated in the best way possible.
Another option in trading Bitcoins is Bitcoin ATMs, but they became obsolete due to the fact that they aren’t as accessible as trading sites. Not only that but Bitcoin ATMs are known for charging enormous fees.
No Fees and Instant Online Transactions
Speaking of fees, it is important to mention that when you use Bitcoin to purchase products and services online, you won’t have to pay for any unnecessary fees. How?
That’s because banks are excluded from every transaction. These facilities are known for charging added and unnecessary fees on many transactions as they are the main way through which they profit. Bitcoin doesn’t charge its users any fees for most of the transactions. General fees are also much lower.
That means that you can use Bitcoin as a method that can help you save money. And if that is not enough, due to the fact that Bitcoin users process payments, every transaction made with it is instant. Just to compare, banks are much more inefficient in this process as they can take up to 7 days to process transactions made with regular payment methods.
Purchase Services At Many Global Brands
Finally, if you are wondering whether or not you can use Bitcoin as a payment method, the answer is yes. There are many national and global brands that accept it. We are only going to focus on the global brands in this article since they are far easier to list.
You can use Bitcoin to purchase products and services at companies like Tesla, Microsoft, Shopify, Wikipedia, AT&T, Starbucks, Overstock, and Expedia. All of them are supporting this cryptocurrency. The latest global brand to join was Tesla. This global brand invested over $1.5 billion in Bitcoin back in February. Not only did they announced that they will accept it as a payment method, but they also managed to make $1 billion in profits from their investment.