In a world with PayPal and numerous other quick payment methods, you may be wondering why some people elect to use Bitcoin. This digital currency has numerous potential advantages. Some of the potential benefits of Bitcoin include:
Simple mobile payments: With Bitcoin, there is no need to swipe a card, enter a pin or do anything else. To pay with Bitcoin, all you need to do is scan and pay. Receiving bitcoins is just as easy, and requires only the scanning of your mobile or even just the physical contact of two mobile phones (using a special radio technology).
Quick international payments: Using Bitcoin allows you to send or receive money instantly with no bank delays or special processing fees.
Choose your own fee schedule: With Bitcoin, you can choose wallet fees other than the standard default wallet fees. Paying a higher fee may allow for faster transaction confirmations. There is no charge to receive bitcoins.
Security: Bitcoin uses military-grade cryptography. If you take the required steps to protect your bitcoin wallet, the digital currency can provide a very secure means for sending and receiving money and can also help protect from different types of fraud commonly seen with other payment methods.