Why bitcoins are famous mode of transaction?

[mubinadaddy]

Bitcoin is the first digital currency everyother ones follows and a lot of people took advantage of it because of the rapid growing and worldwide accepting bitcoin as mode of payment. And again accepting bitcoin as mode of payment will gives you an advantage of earning additional income cause keeping it in your blockchain or exchanger blockchain will yield more profits for you depend on the rising and falling of the coin.

 

[Riniyke]

Bitcoin is a mode of transaction and there are many traders/companies that are starting to employ it as a method of payment for there works, it can be used for commodity trade also.

 

[Abbas ali]

Landmark feature of a bitcoin is that it can curb the chances of fraud and identity thefts, and hence is considered a safe mode of holding money. Bitcoins allow buying of goods and services online, as well as transferring money

 

[Sotherefore]

Bitcoins is the normal mode of transaction in some online site because it is the first cryptocurrency and is also a valuable cryptocurrency that's why a lot of people like using bitcoins for transaction,there will be a time which bitcoins will be the only mode of payment in some online stores.

 

[Nomad]

One of the best thing about bitcoin transaction is the annoniymity. You can send funds to another person without revealing your identity. Bitcoin also cuts the presence of middle man (bank for instance)

 

[Akinwale701]

Now a days, digital currency trends are high. Different contrives think to shift their transactions towards cryptocurrencies. Bitcoins is also a form of digital currency.
what do you think
Bitcoins are famous mode of transaction among people?

This is because bitcoin is the most famous of all the cryptocurrency that are out there. also a lot of people engage more in bitcoin transactions than other coins.

 

[Muhammadawais]

It's also the most prolific of hundreds of attempts to use cryptography, the science of creating and breaking codes, to create virtual currency. Hundreds of imitators have followed in Bitcoin's footsteps, but it remains the largest cryptocurrency by market capitalization, a position it has held for more than a decade.

 

[Doradorwa]

I believe it's because it's the most popular of the cryptocurrencies and the most expensive.

 

[Cash%]

Bitcoin is popular because the transactions using it are anonymous and safe. Also, its price are increasing as time goes by. Who doesn't want that instant profit? Although it comes with great risk but the higher the risk the higher the return as well.

Its the level of popularity bitcoin have ,many coins are safe but people don't make use of them but prefer bitcoin instead

 

[Victor001]

One thing with crypto currency is people goes for the best coins nobody is willing to take risk in trying what they are familiar with,that's why Bitcoin had gain that popularity advantage.

 

[Setfragil]

Bitcoin is now a famous means of transaction because of the anonymity involves in trading bitcoin. Most people loves to preserve their privacy when carrying out transactions especially with people they do not know and bitcoin provides the needed privacy they desire.

 

[Elfinito]

A lot of people are yet to have the knowledge of Bitcoin bit has time goes and with much adoption of the crypto by big government and individuals and companies, a lot of people will come to see it as a good means of transaction

 

[Sotherefore]

I don't even consider bitcoins as a famous mode of transaction ,there are other mode of transactions such as PayPal account which a lot of people considered as the most popular ,bitcoins can only be popular in Africa in which PayPal account mode of transaction is not accepted.

 

[Justin]

Then ease of transaction, fast transaction and low transaction speed are some of the reasons why bitcoin is famous mode of transaction. When I say fast transaction and low transaction cost, I am comparing it with fiat currency.

 

[eLdavis]

Not just Bitcoin but crypto currency in general has become the favorite means of transactions for most people simply cause it's easier, I don't have to go through bank trouble or if PayPal is accessable in the specific county. Crypto currency is less stressful and fast.

 

[Good-Person]

Bitcoins are one of the most famous modes of transactions because anyone can send money to anyone without unveiling the identity albeit it is possible to trace down the sender. It is one of the fastest way to send money.

 

[Thinker009]

I believe Bitcoin is a famous mode of payment , because we could see the high level of adoption and increase in the way people are the way people are taking it for payment option just to send and receive payment from fast distance

 

[greenie]

Bitcoins are a famous mode of transaction because they are anonymous for both senders and recipients, transactions are transparent, traceable, irrevocable or falsified, transactions are carried out directly without going through a third party (bank). cheap and fast.

 

[Sincerem]

It is not really as famous as you might be thinking , there are other mode of payments that can be used to carry our transaction. One of the reason is because it is accepted in almost all countries except few.

 

[Popular]

It is because it's one of the most talked about investment. As a result people get know more about how it is done and less likely to be scammed. It is also because of its worth and value.
It is because it is the most talked about trading app heard of for a while now and it's value and worth too contributes to that fact. Information about Bitcoin and how to go about it can be easily accessed too.