The benefits of Bitcoin
*Freedom in Payment
-Be able to send and get money anywhere in the world at any given time.
-You are in control of your money with Bitcoin.
*Control and Security
-Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
-Payments in Bitcoin can be made and finalized without one’s personal information being tied to the transactions.
-Due to the fact that personal information is kept hidden, Bitcoin protects against identity theft.
-Bitcoin can be backed up and encrypted to ensure the safety of your money.
*Information is Transparent
-All finalized transactions are available for everyone to see, however personal information is hidden.
-Your public address is what is visible; however, your personal information is not tied to this.
-Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.
*Very Low Fees
-There are either no fees, or very low fees within Bitcoin payments.
With transactions, users might include fees in order to process the transactions faster.
-The higher the fee, the more priority it gets within the network and the quicker it gets processed.
-Digital Currency exchanges help merchant process transactions by converting bitcoins into fiat currency.
*Fewer Risks for Merchants
-The fact that Bitcoin transactions cannot be reversed, and not carry personal information, there more secure, making merchants more safe from potential losses that might occur from fraud.
-Merchants are able to do business where crime rates and fraud rates may be high.
-Very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.
