Techavy
  • Android
  • Best Apps
  • Tricks
  • Business
  • Reviews
  • Contact Us
No Result
View All Result
Techavy
  • Android
  • Best Apps
  • Tricks
  • Business
  • Reviews
  • Contact Us
No Result
View All Result
Techavy
Home Blockchain

What are the advantages of paying with Bitcoin?

Abhishek Yadav by Abhishek Yadav
November 18, 2019
in Blockchain, Investing
What are the advantages of paying with Bitcoin?

Wondering What are the advantages of paying with Bitcoin? If your answer is yes, then I am here to help you out. If you have ever looked for online payment options, then I am pretty sure you have come across to this term cryptocurrency or bitcoin.

And there are quite a lot of people who suggest us to use bitcoin as a payment method. However, the question is what you should use bitcoin for payment? Well, to make you understand in a better way, I am going to talk about the advantages of paying with bitcoin. So here we go:

What are the advantages of paying with Bitcoin?

User Anonymity

One of the best parts of bitcoin is that it offers you the anonymity that you do not get with other payment options. You should know that Bitcoin purchases are discrete and unless a user voluntary reveals his or her Bitcoin transactions, the user’s personal identity never associated with the transaction. But on the cash only purchases, you have to reveal your identity. Also, the best part is that Bitcoin address that is generated for user purchases changes with each transaction. And this is one of the reasons why most of the internet transactions happen over Bitcoin only. Also, it is mostly used by hackers.

No Third-party Interruptions

There is no third party interruptions. The biggest advantage of bitcoin is that it is a decentralized network. This means, no bank or government has control over it. And they cannot interrupt a user transaction or place a freeze on bitcoin accounts. The bitcoin system works purely from peer to peer. As a result, there is no third party involved in the process.

Also Checkout  How To Find The BEST ETHEREUM WALLET in 2019

Universal Transaction

Another cool part is that it offers you a universal transaction. Usually, if you want to purchase something from a foreign website, then your credit card or services like PayPal is the best option. However, they do charge a good amount of processing fee for the job. But when it comes to bitcoin, there is no processing fee.

Purchases Are Not Taxed

The purchases over Bitcoin is tax free. As there is no third party, who can identify your transactions. As a result, no one can tax you for your purchases. So you can have the most expensive thing without paying any tax for it.

Very Low Transaction Fees

Bitcoin transactions also have a very low transaction fee. Usually, the standard wi transfers and foreign purchases involve fees and exchange costs. However, this is not the same case with Bitcoin. As bitcoin networks work without the government involved. The costs to transact your money is very low. And this is one of the biggest advantages to travelers. Also, transactions that happen over the bitcoin are real quick. As there is no one who would approve the transaction.

Mobile Payments

Just like any other online payment system, bitcoin users can also pay for their coins anywhere with limited internet access. So you do not really have to travel to any bank or buy a product. Also, while doing a bitcoin transaction, there is no need for you to share your personal details.

Final Words:

So that was the answer to your What are the advantages of paying with Bitcoin question. However, before you start making payments with Bitcoin, you will need to purchase Bitcoins at first. And for this, you can try out the VirgoCX. It is one of the best and reliable options available out there. Also, if you have any more questions to ask, then do feel free to comment below.

Also Checkout  How to Buy Stock Futures Online
2.8k
SHARES
ShareTweet
Abhishek Yadav

Abhishek Yadav

Hello, I am Abhishek Yadav, I am an Internet Marketer and a Blogger. along with blogging I also have some Programming and content marketing skills. Connect with me on Twitter @Abhinemm to know more about me :)

Related Posts

How to Fund a Startup
Business

How to Fund a Startup

by Abhishek Yadav
February 2, 2021
Benefits of Trading Bitcoin
Blockchain

Benefits of Trading Bitcoin

by Abhishek Yadav
January 11, 2021
How to Buy Stock Futures Online
Investing

How to Buy Stock Futures Online

by Abhishek Yadav
August 18, 2020
Cryptocurrencies: Security Risks and Ways to Protect Yourself
Blockchain

Cryptocurrencies: Security Risks and Ways to Protect Yourself

by Abhishek Yadav
August 13, 2020
Next Post
Things To Consider While Buying a baby stroller

Things To Consider While Buying a baby stroller

5 ways technology has revolutionized the construction industry

5 ways technology has revolutionized the construction industry

How to Become an Online Teacher?

How to Become an Online Teacher?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Best Blogs for Online Entrepreneurs to Follow

Techavy's Best Apps 2018

  • All
  • Best Apps
Best Recovery File Managers For Android

Best Recovery File Managers For Android

by Abhishek Yadav
July 18, 2019
0

A recovery File manager is an important software which one must have on his device. This file manager helps you...

15 Best Appointment Scheduling Apps.

15 Best Appointment Scheduling Apps.

by Abhishek Yadav
October 7, 2018
0

For many businesses, keeping up with their appointment can be a big issue. Fortunately, there are many online tools that...

Best helpful Apps for Students

Best helpful Apps for Students

by Abhishek Yadav
September 7, 2018
0

As soon as a schoolchild becomes a student, the intensity of his life increases several times. Long lectures, seminars, preparation...

Top 7 Useful Apps for Students

Top 7 Useful Apps for Students

by Abhishek Yadav
August 15, 2018
0

Today, all of us are used to doing everything with the help of our smartphones - waking up in the...

Techavy

© 2018 Techavy. all rights reserved.

Navigate Site

  • Home
  • About us
  • Contact Us
  • Privacy Policy
  • Use of Cookies

Follow Us

No Result
View All Result
  • Home
  • About us
  • Contact Us
  • Privacy Policy
  • Use of Cookies

© 2018 Techavy. all rights reserved.