Cryptocurrencies have managed to cause a massive revolution in the financial industry. But, the one cryptocurrency that reached heights that were never thought possible is Bitcoin.
These days, statistics showed that there are around 5 million Bitcoin users. Bitcoin is by far the most popular cryptocurrency on the market as more than 90% of the crypto traders are only using this cryptocurrency.
If you are wondering why Bitcoin is the most preferred cryptocurrency, it is because it has tons of advantages over regular payment methods and other cryptocurrencies. That is exactly the topic that we wanted to discuss in this article. We are going to take a look at all the benefits that you will have by using Bitcoin. Let’s begin.
Online security has become a feature that users are always prioritizing due to the fact that one of the biggest disadvantages of the Internet was the rise in online scams. Many people fall victim to this crime on a daily basis, which is why all those who search for products/services online need to make sure that the chosen platform is safe.
That is especially important when you make online payments since you are leaving sensitive information online. Bitcoin’s security is second to none. First of all, this cryptocurrency has never been hacked. More so, it uses an advanced method called cryptology. With this method, users gain a certain level of anonymity, which greatly increases their overall security.
Chance to Make Money
We are all familiar with the fact that a majority of the people that use Bitcoin are in the business for profit. Thanks to Bitcoin’s value, many people have the chance to turn into overnight millionaires. Speaking on that note, it is reported that there are around 100,000 millionaires in the world that managed to make their fortune by trading with Bitcoin.
Thanks to reputable trading sites like Oil Profit traders know when is the best time to sell their assets and make the highest possible profit. How? Trading sites like the aforementioned one have advanced AI systems that collect all relevant data about Bitcoin from the market. The results are accurate predictions on how Bitcoin will fluctuate in the future. The success of this process is shown in the daily profitability rate of all it is registered users, which is huge.
Fully Optimized for Online Use
Online payments are the new trend. Most people use their credit/debit cards to purchase products or pay for services online. But here’s the thing. Even though credit and debit cards are considered among the best online payment methods, they are inferior compared to Bitcoin.
Since credit and debit cards (and pretty much every regular payment method) is controlled by banks, these institutions impose various fees and process all transactions. That means that people pay extra money for unnecessary services and not only that, but the transactions are not instant as they may take up to a few days before they are transferred.
That is not the case with Bitcoin. Thanks to the fact that Bitcoin has a peer-to-peer focus, banks are totally excluded from the transactions, hence each payment is instant. Not only that, but users also void all those unnecessary fees. General fees for some transactions are also much lower.
Superior Compared to Other Cryptocurrencies
And if you are thinking why should you use Bitcoin when there are hundreds, maybe even thousands of other cryptocurrencies just like it, there are a few reasons. First, Bitcoin is far more valuable, has greater security, a bigger and most stable network, its infrastructure is growing constantly, has greater liquidity, and numerous global brands have shown interest in it.