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.