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It's been over a decade since cryptocurrency has started to fascinate people over social media and especially over the internet. Bitcoin has been able to rank among the top cryptocurrencies today, nobody knows concerning the precise origin of the currency however it popped up in mid 2008 associated to a Japanese pseudo name "Satoshi Nakamoto".

So, what exactly is this Bitcoin Currency and why has it been able to sustain its place within the monetary markets. Well, the following listed reasons might offer you an concept of its widespreadity and a piece of evidence as to its continued safe future existence.

Bitcoin is the first decentralized digital currency.

Bitcoin is an unbiased free-floating currency which is neither owned by any government nor associated 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 plenty, it now enjoys an elevated level of acceptability in any respect levels, for instance, now you can purchase stuff with Bitcoin cryptocurrency directly and in addition trade it at different platforms akin to CoinBase, Bitfinex, Bitstamp, Kraken and more.

All you need is a wallet and an internet connection to make a peer to see Bitcoin transfer.

In most cases the transfers are instantaneous.

The comfort of making transactions over the internet or your mobile phone with a couple of clicks.

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

While transferring cash through the standard methods you need to pay charges relying on the quantity of your transactions and additional, these transfers are subject to your particular regional and state regulations. While transacting in Bitcoin cryptocurrency doesn't require you to be sure by any state rules and furthermore, you don't incur heavy fees on the transactions.

Since you are the only one who has access to your electronic wallet, your coins are always safe with you and no one can steal your money. The process and transactions are clear as a result of shared public ledger and anyone can verify a transaction at anytime from wherever all over the world utilizing the internet.

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

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