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Bitcoin is one of the best-known cryptocurrencies in the market today. It has slowly become one of the go-to investment options for a diverse portfolio. Many Bitcoin supporters believe that digital currency is the future of investing. Reasons why people believe Bitcoin is the future of investing is because it facilitates a much faster, low-fee payment system for transactions across the globe.
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Bitcoin is one of the best-known cryptocurrencies in the market today. It has slowly become one of the go-to investment options for a diverse portfolio. Many Bitcoin supporters believe that digital currency is the future of investing. Reasons why people believe Bitcoin is the future of investing is because it facilitates a much faster, low-fee payment system for transactions across the globe.
It is why today, some of the most trending searches online include how to buy bitcoin in Canada. All you need to do to learn this is continue reading ahead to know why Bitcoin is the future of finance.
Bitcoin is discrete • In a world where privacy is just an illusion, where every movement of a user can be tracked based on financial transactions and where chunks of user data are collected without consent, Bitcoin ensures user purchases are discrete. Unless a user voluntarily publishes his Bitcoin transactions, his purchases are never associated with his identity, much like cash-only purchases, and cannot easily be traced back to him. The anonymous Bitcoin address that is generated for user purchases changes with each transaction. This is not to say that Bitcoin transactions are truly anonymous or entirely untraceable, but they are much less readily linked to personal identity than some traditional forms of payment.
Bitcoin eliminates banking fees • In today’s time, users are stripped off monetarily by paying unnecessary banking fees for executing simple transactions. Even though these fees might seem small in amount for a one-time transaction, they end up accumulating and becoming a pretty sizable amount over a while. This can easily be eliminated by using Bitcoin as a mode of payment. While it is considered standard among cryptocurrency exchanges to charge so-called “maker” and “taker” fees, as well as occasional deposit and withdrawal fees, Bitcoin users are not subject to the litany of traditional banking fees associated with fiat currencies. This means, it has no account maintenance or minimum balance fees, no overdraft charges, and no returned deposit fees.
Bitcoin is digital-first • Bitcoin and several other cryptocurrencies have risen to become a major attraction for millennials. Looking at the quick returns that one can make on short-term investments, several millennials started investing in the currency. Several trends such as NFT’s (Non-fungible Tokens), became viral on social media. NFTs are digital assets representing products in the real as well as the digital world. It is useful for people who wish to trade items to avoid the complex onboarding process of a centralized platform for trading. NFTs are already widely being used in the art and gaming industry. This adoption by millennials has made the currency more accessible and popular in different parts of the world.
Now that you have all the information you need about why Bitcoin is the future of finance, the next steps are simple. You should consider investing a small portion of your savings into the cryptocurrency domain. If you are still wondering how do I buy cryptocurrency in Canada, all you need to do is visit Netcoins for further details. First, you need to provide your personal information to open an account. Then, you need to get your details verified. After this is done, you can transfer money into the wallet and begin trading.SOURCE CREDIT: https://medium.com/@netcoinscanada/is-bitcoin-the-future-of-finance-c3ffdb7d39d3
