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It has 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 right this moment, nobody knows concerning the exact origin of the currency however it popped up in mid 2008 related to a Japanese pseudo name "Satoshi Nakamoto".

So, what exactly is this Bitcoin Currency and why has it been able to sustain its place in the monetary markets. Well, the next listed reasons may provide you with an thought of its in styleity and a chunk of proof as to its continued safe future existence.

Bitcoin is the first decentralized digital currency.

Bitcoin is an impartial free-floating currency which is neither owned by any government nor associated with some other currency for it to influenced value sensible by the economic indicators that govern the value of traditional currencies.

With its growing fashionableity among the many masses, it now enjoys an elevated level of acceptability at all levels, for instance, now you can buy stuff with Bitcoin cryptocurrency directly and likewise trade it at completely different platforms equivalent to CoinBase, Bitfinex, Bitstamp, Kraken and more.

All you want is a wallet and an internet connection to make a peer to look Bitcoin transfer.

In most cases the transfers are instantaneous.

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

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

While transferring cash through the conventional methods you have to pay fees depending on the volume of your transactions and further, these transfers are topic 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 nobody can steal your money. The process and transactions are transparent due to the shared public ledger and anyone can confirm a transaction at anytime from anyplace world wide utilizing the internet.

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

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