There are some reasons why people should more invest in Bitcoin
1. No third parties
In Bitcoin exchange, there is no government agency involved so nobody can block someones wealth. So no one can tamper with users bitcoins which gives users an absolute freedom.
2. No tax payment
As we know there is no third party influence in bitcoin transaction so there is obviously no tax payment one have to pay.
3. No track record
Until and unless a bitcoin user publishes his/her wallet address no one can trace the transaction. Nobody knows apart from the wallet owner that how many bitcoins the owner has in his/her wallet.
4. Reversed transactions not possible
In common payment system, if your client asks for payment reversal, you have to pay them back even though you already delivered the goods. But in cryptocurrencies transactions cannot be reversed.
5. No documentation work
As we opened the bank accounts we have to do some paperwork but in bitcoins, whether you transfer funds or receive funds, there is no involvement of paperwork. No one has to submit address, ID proof also no passport is required for trading.
6. Minor Fees
Since no third party is involved cryptocurrency transaction cost is very little. With the help of Cryptocurrency Exchange Platform, anyone can transact bitcoins for free.
7. Identity theft protection
Unlike credit cards, there are lesser risks for data theft and hacking. In credit card system vendor can be manipulative and there can be more chances of asking more money than agreed. But as a bitcoin owner, you can send the exact amount which you have decided.
1. No third parties
In Bitcoin exchange, there is no government agency involved so nobody can block someones wealth. So no one can tamper with users bitcoins which gives users an absolute freedom.
2. No tax payment
As we know there is no third party influence in bitcoin transaction so there is obviously no tax payment one have to pay.
3. No track record
Until and unless a bitcoin user publishes his/her wallet address no one can trace the transaction. Nobody knows apart from the wallet owner that how many bitcoins the owner has in his/her wallet.
4. Reversed transactions not possible
In common payment system, if your client asks for payment reversal, you have to pay them back even though you already delivered the goods. But in cryptocurrencies transactions cannot be reversed.
5. No documentation work
As we opened the bank accounts we have to do some paperwork but in bitcoins, whether you transfer funds or receive funds, there is no involvement of paperwork. No one has to submit address, ID proof also no passport is required for trading.
6. Minor Fees
Since no third party is involved cryptocurrency transaction cost is very little. With the help of Cryptocurrency Exchange Platform, anyone can transact bitcoins for free.
7. Identity theft protection
Unlike credit cards, there are lesser risks for data theft and hacking. In credit card system vendor can be manipulative and there can be more chances of asking more money than agreed. But as a bitcoin owner, you can send the exact amount which you have decided.
These are also the reasons why the government is trying to regulate the market.
