Few of the best advantages one can reap by using bitcoins include
Decentralized: No individual, government or bank can seize the bitcoins you hold or freeze the account as there is no central authority present between you and the recipient. You have complete control over your transactions. The best part is that, you do not need to pay commission to government or banks while doing the transactions.
Purchases are not taxable: As you are managing your crypto currency transactions without any central authority in between you and the recipient, so the purchases are not taxed.
Highly secure: No individual can steal your payment information. When you are making payments using bitcoins, you do not need to provide any kind of confidential information, thus no data is prone to identity fraud or theft. Moreover, there are no charge backs once you send the bitcoins. In addition, there is no chance for the people to reverse the transactions that it possesses less risks to the sender from merchants.
Assure privacy: As there is no personal data associated with the cryptocurrencies, hence no one can detect that who has made the purchases. Moreover, any individual can see from which address the bitcoins are transferred and how many bitcoins are transferred in the public ledger. Click here to know more about #cryptocurrencies.
Decentralized: No individual, government or bank can seize the bitcoins you hold or freeze the account as there is no central authority present between you and the recipient. You have complete control over your transactions. The best part is that, you do not need to pay commission to government or banks while doing the transactions.
Purchases are not taxable: As you are managing your crypto currency transactions without any central authority in between you and the recipient, so the purchases are not taxed.
Highly secure: No individual can steal your payment information. When you are making payments using bitcoins, you do not need to provide any kind of confidential information, thus no data is prone to identity fraud or theft. Moreover, there are no charge backs once you send the bitcoins. In addition, there is no chance for the people to reverse the transactions that it possesses less risks to the sender from merchants.
Assure privacy: As there is no personal data associated with the cryptocurrencies, hence no one can detect that who has made the purchases. Moreover, any individual can see from which address the bitcoins are transferred and how many bitcoins are transferred in the public ledger. Click here to know more about #cryptocurrencies.
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