Bitcoin was first established in 2009, and all transactions are public. Bitcoin has been called the world’s “first decentralized digital currency.” In order to spend bitcoin, one must have a wallet, which is an app that can be installed on your computer or phone to store, send and receive bitcoin. There are three types of wallets: web-based wallets like Blockchain.info; hardware wallets like Trezor; and software wallets like Multibit HD or Electrum. Bitcoin as a currency It is impossible to say what the future holds for bitcoin. Still, with its growing popularity and increasing acceptance, it certainly seems that there are plenty of reasons to believe it has a very bright future indeed. Bitcoin may be the currency of the future. Here are some reasons why: Bitcoin payments are safe & secure Bitcoin is the most secure payment method. Take into account all the great features surrounding Bitcoin, such as security, anonymity, speed, and low fees. Bitcoin transactions are safe because you do not share any personal information with anyone. Your bitcoin wallet ID or number is simply your access code to use your bitcoin. It’s like having a bank account number that you use to send money from one bank account to another; however, with bitcoin, it’s different. You don’t have to open a bank account with someone in order to send or receive bitcoins. Bitcoin transactions are anonymous. Your bitcoin wallet number is not linked to your personal information, so no one knows who you are unless you tell them. Since Bitcoin addresses don’t require personal info like a phone number or email address to register, it’s not possible to have a merchant refuse payment if they learn that you’re underage. Drawbacks of credit cards payment What are the four reasons to use bitcoin instead of credit cards? What does the future hold for bitcoin? In the future, more and more people will use bitcoin. At first, it will be accredited to subcultures such as internet nerds and geeks. Later it will be normal to see people like your mother using Bitcoin. People use credit cards because they don’t know about any other way of payment. By the time Bitcoin becomes widespread, there will be a lot of information about what Bitcoin is, how it works and why you should use it. Trade with Immediate Edge software to get the edge in bitcoin trading and make more money. And why would you use bitcoin? Conclusion You can even be a kid and use Bitcoin because it does not require you to have an adult identity like a credit card. You can open a Bitcoin account and not worry about a credit check or bank account because if you don’t have any of these things, you can use Bitcoin, which is more secure than the most secured bank account in the world. You can load your bitcoin wallet at any ATM (except for one’s that do not offer any money exchange). You can use bitcoins on items that are not allowed by merchant credit card processors, such as adult material. You’ll find many places online that will not allow you to purchase anything unless “credit cards are welcome.” Bitcoin is anonymous! Bitcoin Is completely anonymous.
