It has been over a decade since cryptocurrency has started to fascinate individuals over social media and particularly over the internet. Bitcoin has been able to rank among the many top cryptocurrencies right now, nobody knows concerning the exact origin of the currency however 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 within the financial markets. Well, the following listed reasons could provide you with an thought of its widespreadity and a bit 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 authorities nor related with any other currency for it to influenced value smart by the economic indicators that govern the value of traditional currencies.

With its rising in styleity among the lots, it now enjoys an increased level of acceptability in any respect levels, for example, now you can purchase stuff with Bitcoin cryptocurrency directly and in addition trade it at totally different platforms similar 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 privacy is secure as compared to other modes of payments over the internet the place your vital information could be leaked and misused.

While transferring cash by way of the conventional strategies you have to pay charges depending on the volume of your transactions and additional, these transfers are subject to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency does not require you to be bound by any state regulations and furthermore, you do not 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 transparent due to the shared public ledger and anybody can verify a transaction at anytime from anywhere around the globe using the internet.

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

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