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

So, what precisely is this Bitcoin Currency and why has it been able to sustain its place in the monetary markets. Well, the following listed reasons might provide you with an thought of its commonity and a piece of evidence as to its continued safe future existence.

Bitcoin is the primary decentralized digital currency.

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

With its growing standardity among the many masses, it now enjoys an increased level of acceptability in any respect levels, as an example, now you can buy stuff with Bitcoin cryptocurrency directly and in addition trade it at different platforms comparable to 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 few clicks.

Your privateness is secure as compared to other modes of payments over the internet where your vital information may be leaked and misused.

While transferring cash by the conventional strategies you must pay fees relying on the quantity 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 additionalmore, you do not incur heavy charges on the transactions.

Since you're the only one who has access to your electronic wallet, your coins are always safe with you and nobody can steal your money. The process and transactions are transparent because of the shared public ledger and anyone can confirm a transaction at anytime from anywhere world wide using the internet.

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

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