{"id":9358,"date":"2018-07-24T10:06:22","date_gmt":"2018-07-24T09:06:22","guid":{"rendered":"http:\/\/www.wasteyourtime.co\/?p=1619"},"modified":"2019-09-06T12:28:27","modified_gmt":"2019-09-06T11:28:27","slug":"why-use-bitcoin","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/07\/why-use-bitcoin\/","title":{"rendered":"Why Should You Use Bitcoin?"},"content":{"rendered":"<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">2 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1610\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/viva-la-crypto-e1532422039934.jpg\" alt=\"\" width=\"700\" height=\"523\" \/><\/p>\n<p><span style=\"font-weight: 400;\">There are several reasons<\/span><b> why <\/b><span style=\"font-weight: 400;\">you want to decide to <\/span><b>use Bitcoin<\/b><span style=\"font-weight: 400;\"> instead of traditional currencies.<\/span><b> <\/b><\/p>\n<p>One of the most reason<span style=\"font-weight: 400;\"> is the <\/span><i>Bitcoin&#8217;s capability to be used anywhere, anytime, and in any amount.<\/i><\/p>\n<p><span style=\"font-weight: 400;\">When you are using Bitcoin, there are <\/span><i>no borders, no bank holidays, no bureaucracy. <\/i><\/p>\n<p><i>All aspects of Bitcoin are controlled by users.<\/i><\/p>\n<p>Another<span style=\"font-weight: 400;\"> reason can be the <\/span><i>lower fees<\/i><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">That&#8217;s why many people are starting to choose Bitcoin as a currency. When receiving Bitcoins you do not pay any fees. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before sending Bitcoins from your wallet, you will have an option to choose how high your fees.\u00a0 This is depending on how fast you want to verify and complete your transaction. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">That luxury you don&#8217;t have with bankers transactions. You have to pay as much as they decided it to be.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/why-use-bitcoin\/#But_it_isnt_the_best_part_on_why_to_use_Bitcoin\" >But it isn&#8217;t the best part on why to use Bitcoin.\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/why-use-bitcoin\/#Thats_wonderful_dont_you_think_so\" >That&#8217;s wonderful, don&#8217;t you think so?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/why-use-bitcoin\/#But_the_most_important\" >But the most important\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/why-use-bitcoin\/#Its_impossible_with_Bitcoin\" >It&#8217;s impossible with Bitcoin. \u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/why-use-bitcoin\/#But_like_in_everything_there_are_some_reasons_why_shouldnt_you_use_Bitcoin\" >But like in everything, there are some reasons why shouldn&#8217;t you use Bitcoin.<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"But_it_isnt_the_best_part_on_why_to_use_Bitcoin\"><\/span><b>But it isn&#8217;t the best part on why to use Bitcoin.\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong><em>A<\/em><\/strong><i style=\"font-weight: bold;\"><strong>l<\/strong>l transactions<\/i><span style=\"font-weight: 400;\">, no matter how many Bitcoins you are sending, will <\/span><b><i>cost the same amount in fees. <\/i><\/b><\/p>\n<p>That\u00a0<span style=\"font-weight: 400;\">is the most wonderful part. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can send 400,000 BTC or only 1 BTC and the fee for the transaction will be the same. <\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thats_wonderful_dont_you_think_so\"><\/span><b>That&#8217;s wonderful, don&#8217;t you think so?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Even more,<\/b><span style=\"font-weight: 400;\"> merchants are offered special merchant processors who assist them with processing transactions. In exchanging BTC into the merchants\u2019 preferred form of fiat currency, and depositing the money directly into their bank account.<\/span><\/p>\n<p>And all of these transactions are Bitcoin network based. This means the fees are much lower than if you use your credit card.<\/p>\n<p>Or some else card or payment method.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"But_the_most_important\"><\/span><b>But the most important<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">All Bitcoin <\/span><b>transactions are secure,<\/b><span style=\"font-weight: 400;\"> contain no personal information about the buyer and irreversible. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">That makes Bitcoin the perfect currency for merchants who are seeking security and stability.<\/span><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1621 alignright\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/why-should-you-use-bitcoin-e1532422368432.jpg\" alt=\"Why Should You Use Bitcoin?\" width=\"350\" height=\"208\" \/><br \/>\n<span style=\"font-weight: 400;\">This opens up a world of opportunities for any merchant. It gives them the ability to expand into locations that have high fraudulence risks. Or where Credit Cards aren\u2019t accepted as a method of payment, all while keeping their services or products safe from fraud.<\/span><\/p>\n<p>Well, there is a very high fraudulence risk with credit cards.<br \/>\nBut with Bitcoin, it is absolutely excluded.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Its_impossible_with_Bitcoin\"><\/span><strong>It&#8217;s<\/strong> <b>impossible with Bitcoin.<\/b><span style=\"font-weight: 400;\"> \u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Paying with BTC give the opportunity to both side, merchants and buyers, to expand into locations that have high fraudulence risks and to avoid insecurity. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">No matter how you spin it, this is a win situation for merchants.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the buyer&#8217;s side is an advantage because each user has full control of their wallet. It is completely impossible for a merchant to charge a user without their knowledge, as often is seen done by many unethical trades. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Payments are made without giving any personal information, so the merchant doesn\u2019t even have to know your name to complete a transaction. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Besides, if you as a user or buyer and still feel unsafe or vulnerable, you can protect your BTC via a backup or encryption.<\/span><\/p>\n<p><b>And the best<\/b><span style=\"font-weight: 400;\"> feature of the Bitcoin system &#8211; <\/span><b>all transactions are transparent and clear on the public blockchain.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This means if there are any complications with any transactions. They can be instantly looked up, on the public ledger and verified. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin&#8217;s core code cannot be manipulated in any way to give an edge to either the seller or the buyer, because everything is cryptographically secure.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"But_like_in_everything_there_are_some_reasons_why_shouldnt_you_use_Bitcoin\"><\/span><strong>But like in everything, there are some reasons why shouldn&#8217;t you use Bitcoin.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1623 alignleft\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/why-should-you-use-bitcoin-2-e1532422541333.jpg\" alt=\"Why Should You Use Bitcoin? 1\" width=\"350\" height=\"110\" \/><br \/>\n<span style=\"font-weight: 400;\">First of all, relatively there is still a small amount of businesses and people using it. The main reason for this is the low knowledge of the benefits that BTC offers. Many businesses are on-board and <a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/twitter-ceo-bitcoin-internet\/\">they want to integrate BTC<\/a> into their payment system, the list is still small.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">High volatility is something else that you should consider. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The amount of businesses that use Bitcoin is low and any event, trade, or activity can have a high effect on the price of Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over time this volatility will decrease and stabilize as more and more companies start using Bitcoin. <\/span><\/p>\n<p>Actually, Bitcoin is still maturing and this presents a certain degree of risk. It is only 11 years old and what we can expect from it except hormonal party as well as every entry into puberty. That was the joke.<\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin is the first, oldest and largest cryptocurrency and we have to support it with mandatory respect.\u00a0<\/span><\/p>\n<p><b><i>Bitcoin showed the world a new sense of freedom and was the cause of the development of other cryptos.<\/i><\/b><br \/>\n<b>Respect!<\/b><\/p>\n<p>Read this too: <a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/01\/dont-invest-bitcoin\/\">Why you should not invest in bitcoin under any circumstances<\/a><\/p>\n<p><a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/money-risk-trading\/\"><b>Risk Disclosure (read carefully!)<\/b><\/a><\/p>\n<p><a href=\"https:\/\/traders-paradise.com\/recommends\/city_index_uk\/\" target=\"_blank\" rel=\"noopener noreferrer\"><br \/>\n<img decoding=\"async\" class=\"size-full\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/forex-Facebook-Ads.png\" alt=\"\" \/><br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2 min read There are several reasons why you want to decide to use Bitcoin instead of traditional currencies. One of the most reason is the Bitcoin&#8217;s capability to be used anywhere, anytime, and in any amount. When you are using Bitcoin, there are no borders, no bank holidays, no bureaucracy. All aspects of Bitcoin [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1015,1012],"tags":[75,321,322,323,324,325,326],"class_list":["post-9358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-traders-secrets","tag-bitcoin","tag-controlled-by-the-users","tag-cryptographically-secure","tag-low-fees","tag-secure-transactions","tag-sense-of-freedom","tag-transparent-transaction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Should You Use Bitcoin? - Traders-Paradise<\/title>\n<meta name=\"description\" content=\"Why should you use Bitcoin, because when you are using Bitcoin, there are no borders, no bank holidays, no bureaucracy, anywhere, anytime, any amount.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/why-use-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Should You Use Bitcoin? 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