what are the advantages of using bitcoin?
436959
['Greater Liquidity Relative to Other Cryptocurrencies. ... ', 'Increasingly Wide Acceptance as a Payment Method. ... ', 'International Transactions Easier Than Regular Currencies. ... ', 'Generally Lower Transaction Fees. ... ', 'Anonymity and Privacy Relative to Traditional Currencies.']
543427
['Faster buying/selling procedure, as well as easy to find products.', 'Buying/selling 24/7.', 'More reach to customers, there is no theoretical geographic limitations.', 'Low operational costs and better quality of services.', 'No need of physical company set-ups.', 'Easy to start and manage a business.']
468176
Very Low Transaction Fees for International Payments Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low. This can be a major advantage for travelers.
771497
['PROTECTION FOR YOUR ACCOUNT, AND YOUR PURCHASES. Feel secure before checkout. ... ', 'FORGET YOUR WALLET. PAY WITH YOUR PASSWORD. ... ', 'THE FLEXIBLE WAY TO SHOP. Make purchases, transfer money and pay bills right from your linked credit, debit or other payment accounts.']
1085601
['24/7 account and service access.', 'Speed and efficiency.', 'Online bill payment.', 'Low overhead can mean low fees.', 'Low overhead can mean high interest rates on deposit accounts.']
176297
In November of 2019, the price of Bitcoin was about $9,300 per bitcoin, which means you'd earn $116,250 (12.5 x 9,300) for completing a block.
778809
Ripple v Bitcoin While Bitcoin is a digital currency intended as a means of payment for goods and services, Ripple is a payment settling, currency exchange and remittance system intended for banks and payment networks. The idea is to provide a system for direct transfer of assets (e.g. money, gold, etc.)
614548
['Durability. Durability. ... ', 'Portability. People need to be able to take money with them as they go about their business.', 'Divisibility. To be useful, money must be easily divided into smaller denominations , or units of value.', 'Uniformity. ... ', 'Limited Supply. ... ', 'Acceptability.']
1086474
The differentiating factor here is that the stock market is safe in terms of government backing, while bitcoins belong to a decentralized network. Yet, there are many who have been able to trust this network and have made profits ranging in millions of dollars.
1466651
$10 worth of bitcoin in 2010 Now, using the $3,722 current value of a bitcoin and the $445 value of one bitcoin cash, your original investment would be worth a total of nearly $13.9 million. That translates to a 655% annualized gain over a roughly seven-year period.
387740
['Credit card security. ... ', 'Flexibility. ... ', 'Send money. ... ', 'The iPhone App. ... ', 'Online Auctions. ... ', 'Cost. ... ', 'Discounts.']
183175
Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.
697852
['Lower costs—no need to purchase hardware or software, and you pay only for the service you use.', 'No maintenance—your service provider provides the maintenance.', 'Near-unlimited scalability—on-demand resources are available to meet your business needs.']
784806
BitPay is a fantastic service. BitPay offers the ability to accept bitcoin payments for your business, securely store bitcoin using their service - one can create a bitcoin wallet with BitPay - and you can spend your bitcoins anywhere as BitPay allows the ability to turn your bitcoins into dollars.
691633
['Advantage: Fast Client Communication. ... ', 'Advantage: Availability and Portability. ... ', 'Advantage: Reduces Shipping and Mailing Costs. ... ', 'Disadvantage: Vulnerability to Loss. ... ', 'Disadvantage: Accessible to Others.']
828355
The main advantage of the Binary Coded Decimal system is that it is a fast and efficient system to convert the decimal numbers into binary numbers as compared to the pure binary system. But the BCD code is wasteful as many of the 4-bit states (10-to-16) are not used but decimal displays have important applications.
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['Better control.', 'Increased security.', 'No monthly fees.', 'More customizable.', 'Proven technology.', 'Network availability.']