Bitcoin Five pros and cons of this digital currency

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Bit coin is a booming currency that, in addition to being digital, has a series of features that differentiate it from the euro, the pound or any other traditional currency. Bitcoin brings many benefits to users and, therefore, is currently the crypto currency – money based on cryptography – with more users.

Private

In times of theft of constant information, industrial espionage and society by governments and computer criminals and, even more so, with the appearance of advanced Big Data techniques, it is more important than ever to take care of our privacy, managing to maintain it in a very high grade.

Bitcoin has this concept very internalized. Bit coin is not completely anonymous, but it works to be. We have written a chapter of our very complete guide on the privacy of Bitcoin and the necessary importance of it being anonymous: Bit coin is not anonymous.

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Savings in transactions

They will decrease the spending on commissions. The fees of a payment gateway range between 2 and 3% and include a minimum cost per transaction. This is triggered even more with Paypal, with figures like these: 3.4% + 0.5 Euros per transaction. Unlike this, with Bitcoin, the transaction costs border on the gratuity no matter how much money you send.

No fraud

Trade no longer needs to add to the price of its products the extra cost produced by multiple and variable credit card scams. In exchange for this, you can put a discount for payment with Bitcoin. In addition, there is no way to falsify a bit coin, unlike cash.

Greater conversion

In stores, the more payment platforms they offer, the more conversion possibilities they have. Therefore, if we include 1 Bitcoin in its different forms of payment, conversions will increase.

You will reduce the risk of theft

No person can access money without your consent, so you will reduce the risk of theft. In addition, you will save costs (since you do not need a safe, or a safe, or companies that transport your money to a bank), speed up the payments and improve the quality of work of employees. They will not have to waste time counting the money, nor will they be burdened with tasks dedicated to management and maintenance.