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It's been over a decade since cryptocurrency has started to fascinate people over social media and particularly over the internet. Bitcoin has been able to rank among the many top cryptocurrencies at this time, nobody knows in regards to the actual origin of the currency nonetheless it popped up in mid 2008 associated to a Japanese pseudo name "Satoshi Nakamoto".

So, what exactly is this Bitcoin Currency and why has it been able to maintain its place in the monetary markets. Well, the following listed reasons could offer you an concept of its popularity and a chunk of evidence as to its continued safe future existence.

Bitcoin is the primary decentralized digital currency.

Bitcoin is an impartial free-floating currency which is neither owned by any authorities nor associated with any other currency for it to influenced worth smart by the economic indicators that govern the value of traditional currencies.

With its growing popularity among the many masses, it now enjoys an increased level of acceptability in any respect levels, for example, now you can buy stuff with Bitcoin cryptocurrency directly and in addition trade it at totally different platforms resembling CoinBase, Bitfinex, Bitstamp, Kraken and more.

All you need is a wallet and an internet connection to make a peer to peer Bitcoin transfer.

In most cases the transfers are instantaneous.

The convenience of making transactions over the internet or your mobile phone with a couple of clicks.

Your privateness is secure as compared to different modes of payments over the internet the place your vital information will be leaked and misused.

While transferring money via the standard methods you have to pay fees relying on the volume of your transactions and additional, these transfers are topic to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency does not require you to be bound by any state regulations and furthermore, you don't incur heavy fees on the transactions.

Since you're the only one who has access to your electronic wallet, your coins are always safe with you and no one can steal your money. The process and transactions are clear as a result of shared public ledger and anyone can verify a transaction at anytime from anyplace around the globe utilizing the internet.

Another advantage of having a Bitcoin cryptocurrency wallet is that your account can't be frozen.

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