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Bitcoin's advantages over other payment options

W

westmania

Guest
Not just for recent price growth but I see bitcoin has a lot of benefits over other payment options:

1. No amount limitations on wallet.

2. No need to verify wallet with phone, address or credit card.

3. Stay anonymous.

4. Unlimited addresses to take payment.

5. No refund.

6. Almost zero chance of a transaction failure.

7. With received bitcoin anyone can trade cryptos.

8. A global free payment system which works even if a country bans bitcoin.

I like to know additional advantages so please mention freely.
 
Now with bitcoin, even teenagers can earn money online. I think there are even 16 year olds in this forum :Laugh:
Sky is the limit really. Thats the appeal that got me interested in bitcoin, its easiness.
 
Now with bitcoin, even teenagers can earn money online. I think there are even 16 year olds in this forum :Laugh:
Sky is the limit really. Thats the appeal that got me interested in bitcoin, its easiness.

Yoir 16 yeard old reminded me 2 black boys on fiverr (may be 8 years or so) who were so serious about business on their funny intro video one is teasing another. They were lovely and amazing how they are earning money "yo" way.
 
Yoir 16 yeard old reminded me 2 black boys on fiverr (may be 8 years or so) who were so serious about business on their funny intro video one is teasing another. They were lovely and amazing how they are earning money "yo" way.
Hahaha I hope they know what to do with their money though and for their parents to know what's going on.
And we adults say money is hard, well for some of these kids, it's become easy
 
One advantage for me is the high exchange to my local currency. It even higher than exchanging for dollars and I like it can be gotten free online.
 
Bitcoins act more like a digital cash that hackers cannot intercept in any possible manner. At the same time, your identity is also concealed for good. This helps a lot in preventing targeted data breaches like the UPS Store breach.Transaction fees for bitcoin payments are significantly lower in comparison to the ones made for credit and debit card purchases.
 
@Brain happy to know it works well for exchange to your local currency. Here I have to pay high local currency to exchange bitcoin to my local currency still OK for me. It needs to be like BTC is treaded as USD before cknverting to my local currency. My country is Bangladesh and I use Paxful to convert.
 
Bitcoins act more like a digital cash that hackers cannot intercept in any possible manner. At the same time, your identity is also concealed for good. This helps a lot in preventing targeted data breaches like the UPS Store breach.Transaction fees for bitcoin payments are significantly lower in comparison to the ones made for credit and debit card purchases.

nice comment friend. it will be exciting to see bitcoin price exceeds human expectations.

I think the biggest advantage that it now has to offer is that it is available worldwide and is globally accessible to an individual at any time

very good point. freedom is a big thing here. no limitations.
 
Most of the characteristics mentioned are accurate, the other advantage is the fact with bitcoin or crypto currencies you don't need to visit banks to get account or verify it , everything is made easy and conviniently.
 
Most of the characteristics mentioned are accurate, the other advantage is the fact with bitcoin or crypto currencies you don't need to visit banks to get account or verify it , everything is made easy and conviniently.

Good point mate just like dogechain.info - visit and get wallet so easily. here is no email recovery and I lost 52 DOGE as my laptop harddrive crashed losing saved info.
 
nice comment friend. it will be exciting to see bitcoin price exceeds human expectations.



very good point. freedom is a big thing here. no limitations.
Although now many authorities and government officials are trying to put restrictions upon it all have failed and the smarter ones have adopted it
 
Although now many authorities and government officials are trying to put restrictions upon it all have failed and the smarter ones have adopted it

Yes the reason is their currency could easily flow other country damaging economy but I like the freedom of payment option where cryptos stand perfectly.
 
Yes the reason is their currency could easily flow other country damaging economy but I like the freedom of payment option where cryptos stand perfectly.
The main reason behind all those bans and restrictions were simply the fear of unknown and the lack of knowledge about the cryptocurrency
 
Yes bitcoin has a lot of advantage about payment method..we can easily transfer our money by btc wallet which is really helpful.we don't need to verify or something.. It's good

Yes. Previously I was in doubt about transaction method somerimes it took long time so "is the money really"? But now I am used too and nearly know it takes about 1 to 3 hours max to deposit to a site from any btc wallet. Where are you from friend ? Here I am Fahim from Bangladesh.
 
I think bitcoin fee may rise considerably higher with its price. This is one of the drawbacks for people who needs lots of transactions monthly. Well still we need bitcoin to boost.
 
Hope the bitcoin price will stabilize after it reached a certain heights - maybe 100,000 usd more or less. Price volatility is good for trader but...
 
Hope the bitcoin price will stabilize after it reached a certain heights - maybe 100,000 usd more or less. Price volatility is good for trader but...
 

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