Bitcoins are one of the crypto currencies that are being used by many people these days as a method of payment and the following are some of the important reasons to use cryptocurrencies.
- No fraud – When a ビットコイン is created, all transactions that are confirmed are recorded in a public ledger called blockchain. The identify of every bitcoin owners are encrypted to make sure the record keeping legitimacy.
- Anonymous – When you make a transaction with this crypto currency, your identity will not be released and only your public address is known to other users. Thus, it maintains user anonymity transactions.
- Immediate payment – Bitcoins are extremely easy to use and this has made people who use them to make instant settlement to others and it is a fact that people with crypto wallets can make transaction with others and these transactions can take place within a few minutes.
- No central authority – This type of digital money has no one to control over it, as it does not have any central authority like government and banks. Thus bitcoin transactions are peer to peer and have no intermediaries to make a transaction.
- Secure – Bitcoins transactions are more secure, it has uses two keys, public and private to receive and send crypto currencies and it is recommended not to share your private key with anyone and your public key acts as your bitcoin address should be changed regularly so that no one can hack your account.