Why you should consider using bitcoins?

 

It is the era of rush and things are changing quite fast. Nowadays, there is a new form of currency that is becoming more and more popular and for this reason, the number of websites that provide bitcoins increases by the day. If you are interested in getting bitcoins online, you should opt for a trust-worthy and professional provider and one very good example is http://vvcbitcoin.com/. Here is a list of the main reasons why you should consider getting involved in this type of virtual currency.

It is a lot faster

It is commonly known that when paying a cheque from a specific bank into yours, the latter usually holds that money for a few days in order to make sure the funds are available. The same amount of time is necessary in the case of international wire transfers as well, since they can also make you wait for too long until the transaction is successful. However, this does not count for bitcoin transactions, because they are instantaneous, especially if they are “zero-confirmation” type of transactions. This means that the merchant accepts the transaction before the bitcoin blockchain confirms it.

It is cheaper

It is true that credit card transactions are instantaneous as well, but people actually pay for that privilege, since some merchants can charge fees for debit card transfers in order to fulfil them. On the other hand, bitcoin transfer fees are either extremely cheap or free.

Your payment information cannot be stolen

This is a very good reason why you should consider resorting to bitcoins. When they first appeared, credit cards were not supposed to be used on the internet and since you introduce secret information such as expiry date, credit card number of the CSV number on various websites on the internet, chances for someone to hack your card are quite high. Bitcoin transactions however, do not require you to provide any such secret information. They operate on two keys, one public, which can be seen by everyone and the other one private, which remains secret. When making a bitcoin transaction, you “sign” it by combining the two keys you have, the public and private ones, which proves that the money came from you. If you do not publish your secret key anywhere online, you can rest assured you are safe.

You can make it as private as you want

Some people might not want others to know what they spent money on, in which case bitcoins are the right choice for them, since this type of currency is quite private. It is worth mentioning that bitcoin is actually transparent in the sense that people can see how much a specific bitcoin address possess in transactions, where these transfers actually came from or where were they sent to. Nevertheless, no one actually knows who the possessor of that specific bitcoin address is, compared to traditional bank accounts.

As you can see, these are only a few reasons why you should consider start using bitcoin transactions right away.