Why You Should Buy Bitcoin in India?
Bitcoin is a digital currency was introduced in 2009. Bitcoin is a blockchain based de-centralized, global cryptocurrency. The most attractive thing with it is that it rose in value and still rising in value and it costs less when you transact with Bitcoin as compared to the traditional forms.
There are so many Reasons Why You Should Buy Bitcoins
1. No Third Parties: — No third party involvement is there in transactions,So nobody is able to tamper with bitcoins because of its database that stores copy of each and every transaction. No government agency is involved,As Bitcoin gives absolute freedom to its users.
2. No Tracking: — Individual transactions cannot be traced to anyone except the wallet owner, Nobody else can trace the bitcoins in the wallet
3. Transactions Cannot Be Reversed: — -The Reversal of Payment can be possible as with other common payment systems the sender of money can order a reversal of the funds .This currency is the only payment method that has no reversal option. Once a payment has been made,it is made.
4. No paperwork: — -No paper work is required as required to open bank accounts, to transfer funds or to receive funds,The transactions of Bitcoin never involve any form of paperwork. No proof of address, ID card nothing is required for start trading/investing in Bitcoin.
5. Easily Access Markets: — Using Bitcoin Transaction system individuals are able to transact when the traditional banking facilities are out of reach for them. With this,bitcoin is growing bigger and bigger.
6. Lower Charges and Fees: — Transaction cost of Bitcoin transactions is very less as compared to normal transactions. Bitcoins directly move by the users between themselves without any additional cost and without involvement of third party.
7. No Theft Identity: —With Bitcoin the owner of the Bitcoins sends exactly the amount that he or she wants to send without any fake or extra charges deducted as in credit card and other payment system.
8. Immediate Settlements: — Usually the Debt settlements systems take time. For transaction through bank takes several days in completion of transactions. Payments verification ,clearance etc. these formality results in time wastage. But with Bitcoin the transactions are completed within a few minutes, regardless of the geographical locations of the parties.
