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Bitcoin is increasingly talked about, but why do people like it so much? Send what is the best place to buy bitcoin Canada? Sending any amount of money is a matter of minutes. Regardless of quantity or the destination you want to send the money to.
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Top 10 reasons to know Why People Like Bitcoin. Check out the best place to buy Bitcoin Canada
Bitcoin is increasingly talked about, but why do people like it so much? Send what is the best place to buy bitcoin Canada? We leave you the 13 advantages of Bitcoin: 1. A quick way! Sending any amount of money is a matter of minutes. Regardless of quantity or the destination you want to send the money to. 2. Inexpensive to handle The cost of making a transfer to any part of the world through your bank can cost you a lot of money. Most of the international transactions charge you with a hefty tax. However, doing it in bitcoins, the cost is pennies or free.
3. Globally secure You can send bitcoins to any country in the world. Bitcoin, like the Internet or e-mail, has no borders and works fluently. This, with the guarantee of respecting the freedom of its users, makes Bitcoin the first global currency. 4. Decentralized issuance No government or central bank can control it, neither can they interfere in the valuation of bitcoin or its creation nor distribution. With Bitcoin the money is depoliticized, it is made of the people, thus eliminating the control that with FIAT money that is exercised over the population. 5. Belongs to you Your bitcoins are only yours. The money belongs to you, it cannot be intervened by anyone.
There are no playpens nor the accounts can be frozen. In Bitcoin you can be your own bank even when you invest with cryptocurrency exchange Canada. 6. Programmable money Bitcoin is simple to implement and has an entire programming language implicit. It simply allows you to create pieces of code that will be executed in the transaction. This, previously unthinkable, allows any programmer to monetize all kinds of services. Even payments are possible between fully autonomous machines, simplifying manual, complex and slow processes.
7. Safety and encryption Bitcoin is very safe. It has at its core, and in each of the operations, one of the most powerful cryptographic systems that exists. Even in the face of a solar storm, Bitcoin, unlike other systems, would resist. This is because some of their nodes they are found in bunkers of the second world war, protected underground and even with triple perimeter security. 8. Transparency in transactions All transactions are public, as they are visible in real time under pseudonyms in the form of a Bitcoin address. Anyone can reveal the Bitcoin address they manage by showing with absolute transparency where the last penny goes.
9. An Open Source Bitcoin is totally open and free software. Anyone can see its source code, study it, audit it or improve it. Even, if you want, you can copy it and start a new cryptocurrency. 10. Limited issue In Bitcoin, no one can generate thousands of bitcoins one morning because a politician or a banker suddenly feels like it. There will never be more than 21 million and they all appear for mining, always under rules that are totally public.
Bitcoin has this very internalized concept. Bitcoin is not completely anonymous, but it works to be. We have written a very comprehensive chapter on Bitcoin’s privacy and the necessary importance of it being anonymous: Bitcoin is not anonymous. And, if you want to start investing in Bitcoin you can check out Netcoins for more details! SOURCE CREDIT: https://medium.com/@netcoinscanada/top-10-reasons-to-know-why-people-like-bitcoin-check-out-the-best-place-to-buy-bitcoin-canada-6aacf5c9f468
