Why use Bit coin instead of dollars, Euros or pounds? Why would anyone use Bit coin? Good questions! Fortunately, there are simple answers to these questions. In this article, we will review the Bit coin goal and the reasons why Bit coins are used.
Bitcoin casino and crypto currency tokens, in general, give you a lot more control as a user. You effectively cut the middle between you and your money. There is no bank to decide how long a transaction takes and how much it costs. You also control where your money is stored and how to access it. Control is of course accompanied by a proportionate liability
With the absent intermediary, you can save money on transfers. It only costs you the negligible minor fee to transfer your Bit coin from one wallet to another. It is also cheaper for merchants to accept Bit coins payments than by credit card.
In addition to saving money on international transfers, you will also benefit from a much faster transaction speed. What will take several days to your bank, Bit coin can handle it in a few minutes?
Online payments are much easier and faster with Bit coin. You do not need to give personal details if you want to donate or pay for something that will not be shipped. Just send Bit coin to their wallet address and you’re done.
It is far more prudent for merchants to accept Bitcoin than fiduciary money. When a merchant accepts credit card payments, they risk fraud and reverse payments. Payments in Bit coin are irreversible, they are not likely to be reversed.