What are the advantages of Bitcoin?
Free payment-any amount of funds can be sent and received instantly anytime anywhere in the world. There are no bank holidays. no border. There are no restrictions imposed. Bitcoin allows its users complete control of their funds.
Fees are very low-Bitcoin payments currently do not charge any fees or charge very little. Users can include fees in transactions to receive priority processing, which can confirm transactions through the network faster. In addition, there are merchant processors to assist merchants in processing transactions, convert bitcoin into fiat currency and deposit funds directly into the merchant's bank account every day. Since these services are based on Bitcoin, they can be provided at a much lower fee than PayPal or credit card networks.
Security and Control-Bitcoin users have complete control over their transactions; merchants cannot impose unnecessary or unnoticed fees like other payment methods. Bitcoin payments can be made without binding personal information to the transaction. This provides strong protection against identity theft. Bitcoin users can also protect their money through backup and encryption.
Merchants have lower risks-Bitcoin transactions are safe, irreversible and do not contain sensitive or personal information of customers. This protects merchants from losses caused by fraud or fraudulent chargebacks, and does not require PCI compliance. Merchants can easily expand into new markets where credit cards cannot be used or fraud rates are too high. The end result is lower fees, a larger market and less management costs.
Transparency and neutrality-you can get all the information about the Bitcoin money supply itself on the blockchain at any time, and anyone can verify and use it in real time. No one or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure. This makes Bitcoin's core completely neutral, transparent, predictable and trustworthy.