The Advantages of Using Bitcoin

With fewer people making transactions using cash these days, there are now a number of ways to purchase goods or services online. Bitcoin is one of the most popular methods of digital payments and there are plenty of advantages when it comes to using this peer-to-peer payment process.

Easy Set-Up and Zero Paperwork

Unlike standard currency, there are very few limitations surrounding the ownership of Bitcoin. It is perfectly legal to download and set up the online wallet program on a phone, tablet or laptop. It is incredibly straightforward to get started and no paperwork or documentation will be required.

Unlike opening a standard bank account, you don’t have to show proof of address and once you’ve accepted your first payment, you’re able to begin making transactions of your own!

Make Purchases and Transfer Money Anonymously

Although it is still possible to use an IP address to track a transaction, Bitcoin is largely anonymous and that is one of the significant advantages of…