Home Cryptocurrency 7 Advantages of Bitcoin Investment You Need to Know Today

7 Advantages of Bitcoin Investment You Need to Know Today

by Abdul Azeez

Bitcoin has become a highly rated cryptocurrency and is recognized around the world for transaction purposes. So many Still remain in the pool of doubt that why we need to discuss the Advantages of Bitcoin Investment. This kind of trading allows you to send and receive money semi-anonymously thanks to a decentralized network of computers connected to each other, without intermediaries, banks, central bodies, or anything else. It’s like an e-wallet that may be created in blockchain technology to store, track, and spend digital money.

Crypto was first invented back in 2009 by a man who wrote under the pseudonym, Satoshi Nakamoto. Cryptocurrencies are digital currencies that are not backed by any central bank, but rather are created and traded through open-source software. Cryptocurrencies have grown dramatically over the last few years, with the total market cap of all cryptocurrencies being around $200 billion USD as of December 2017.

In the near future, we will see Bitcoin used in various aspects of life, transforming the way we see it. This coin has a lot of potentials; hence it is still the most expensive cryptocurrency in the world. Blockchain is the foundation bitcoin is built on which is, what makes or Mars it. Here is a myriad of ways Bitcoin will improve our lives in 2021 and beyond.

Advantages of Bitcoin Investment

1. Simplified financial transactions

Bitcoin is having a huge impact on global finance. Cross-border payments are quite complex when it comes to today’s banking infrastructure. Bitcoins make it easier and stress-free to receive and send money internationally. Without a requirement for financial institutions or correspondent banks.

2. Potential Investment stock

The basic rule of stock investment is to buy cheap and sell high, so you can make a profit when the market is rising. And the unstable Bitcoin price make it a good stock to invest in

On the other hand, in the case of Bitcoin investment, it is possible to make a profit even in a declining market by using leveraged trading.

3. Reduction of the ecological footprint

Bitcoins do not require printing in the form of a banknote or physical currency, consequently, the ecological impact would also be significantly reduced. Bitcoin is basically universal. Therefore, there are no exchange fees, you can use it, and it is done in seconds. Especially, in some parts of the world where cash has been abused.

advantages of bitcoin

4. Accessible to everyone one

One of the benefits of Bitcoin is that you can make payments with just your smartphone without having to bring your wallet or card case. The fact that you don’t have to carry cash or a bank card around makes it even more secure from thieves. It is compared with gold by many because of its evergreen features. A medium for and unrestricted traction around the globe.

5. Low fees for an international transfer

However, the best thing about cryptocurrency is that you don’t have to worry about exchanging money all over the world.

Currently, when traveling abroad or on a business trip, it is necessary to go to a local airport, bank, money changer to exchange for local currency or make a foreign currency payment with a credit card. However, there is a problem that there is a fee (spread) that is not cheap for currency exchange, and to be honest, the exchange rate is too much and difficult to understand. It also takes time to exchange money.

However,

Purchase on E-commerce sites around the world is made easy.

It is possible to make payments at ECommerce sites around the world because of its global acceptability.

For example, it is possible to purchase clothes at an online shop in Japan while in Nigeria, but when making a credit card payment, it is denominated in dollars.

6. Fast Bitcoin transaction

Streamlining of transactions and processes of Bitcoins can take place in extremely short times – if not immediately – and in a very simple way regardless of the distance, whereas banks can take hours if not days to complete an international transaction, sometimes it can take hours for local transactions. Freelancers are making money from others countries and got paid with BTC.

7. Peer-to-Peer

Bitcoin is an open peer-to-peer and secure system.  Bitcoin allows exchanging value and skills over the web with no third party and provides its users access to their balance through a password referred to as a personal key. It’s private and secure. No exchange values and no third-party involvements.

Crypto Community Manager

Crypto community managers are needed to spread awareness, develop communities, organize events, and execute campaigns for various crypto coins. As well as handle communication across social media channels like Facebook and Twitter. These days, cryptocurrency is becoming an increasingly popular way to make money.

One of the biggest advantages of crypto is that it creates several opportunities along its values chain. Crypto community managers earn $200 monthly on average. Interested in making this your career? Read on to find out how you can become a crypto community manager!

The Big Conclusion

Not all E-commerce sites accept BTC payment, but it is expected to increase. In the future, Bitcoins will make shopping at overseas E-commerce stores cheaper and easier.

However,

With BTC, people get the freedom to exchange value without intermediaries, which translates to greater control of funds and lower fees. It’s faster, cheaper, and safer. Cash is controlled by banks, while bitcoin has owners. Bitcoin can help us do online shopping with the speed of light. The advantages of Bitcoin and cryptocurrency at large are more, Just mention a few. Feel free to add yours at the comment session.

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