Almost any product or service that can be bought for dollars or other currencies can also be bought for bitcoins. On the other hand, the high volatility of bitcoins poses a great risk to some people who want to use this crypto currency but are afraid of price differences. However, the functionality of bitcoins makes them ideal for online payments:
- Fast transactions
A bitcoin transaction is processed in 10-15 minutes. When transferring money, transferring from one account to another can take hours or even days. Some may say that PayPal or other e-wallets are even faster. This is true, but there are other aspects that e-wallets cannot offer: privacy and small fees.
- Confidentiality
When you send bitcoins to a partner via the Internet, the transaction is recorded on the blockchain. The list of transactions is publicly available and can be checked on special websites. Only the identification number, amount, and time are recorded. No one can understand where bitcoins come from and where they are going. This is characteristic of bitcoins, which attracts many people. Well, some of them are interested in this because it allows them to buy illegal goods, but most Bitcoin users are people who want to buy legal goods and services but do not want to reveal their identity. Sites for pornography and gambling may be immoral, but not illegal. Therefore, people who want to subscribe to these services can safely use bitcoins on sites that accept this currency in order to know that this will not affect their reputation.
- Small committees
The average transaction fee is 0.002 BTC. This is much less than PayPal or bank fees. In addition, you do not even need to pay for it. By paying a commission, you “reserve” the computing power of the pool (or at least part of it) for faster transaction processing. You even have the option of not paying a commission. In this case, it may take you two or even three days to process the transaction. If you are not in a hurry, this may be an ideal opportunity to make free cash transactions.for more information please visit https://bitcoin-optimizer.com
Of course, the use of bitcoins also has disadvantages, such as the ability to lose them. If someone stole your bitcoins or you deleted files from your wallet, it is impossible to recover them. As long as Bitcoin is not regulated, there is no central arbitration board between the various parties. In other words, you cannot complain if you lose or steal your bitcoins just because there is no one to complain about.
