3 advantages of using bitcoin in online operations

There is something that is clear and it is an irreversible trend : fewer and fewer people use cash, paper money, traditional. Nowadays there are several ways to buy goods and services online (credit cards, debit cards, transfers, systems like Paypal, etc). However, Bitcoin has become one of the most popular digital payment methods and there are many advantages when it comes to using this peer-to-peer payment process. Let's look at three of these advantages :

►Easy setup and no paperwork

Unlike standard or traditional currencies, there are very few limitations around Bitcoin's ownership. It is perfectly legal to download and configure a wallet (or digital wallet) on a smartphone, tablet or laptop. Getting started is incredibly easy and no documentation or documentation will be required.

Unlike opening a standard bank account, it is not necessary to present a proof of address and, once you have accepted your first payment, we will be ready to start making our own transactions.

►You can make purchases and transfer money anonymously

Although it is still possible to use an IP address to track a transaction, Bitcoin is largely anonymous and that is one of the significant advantages of using this method. Those who purchase goods or services using this popular payment method will not be required to share information such as their address, credit card number, or e-wallet username. It offers relief to those users who are wary of sharing their data online and Bitcoin's anonymous address will also change with every transaction that passes.

Although Blockchain casinos have increased in popularity in 2019 and are likely to prosper even further in the next twelve months, many legal sports betting sites in the US. USA They are still quite reluctant to accept Bitcoin transactions.

There are many reasons for their reluctance to accept these types of players, including the possibility of faster payments and the inability to send offers and promotions to players using their personal data. Some online gambling sites tailor their bonuses to specific types of users and depositing in Bitcoin makes it much more difficult to do so. Online sportsbooks prefer a human to verify transactions before confirming any payment and this is simply not possible when it comes to cryptocurrencies.

The s modern and forward thinking companies have adapted quickly , however, many US gambling sites. USA They have not yet acclimated to the changing nature of online transactions and are simply refusing to add Bitcoin to their extensive list of payment options. However, there are a number of high-profile operators who will now gladly accept cryptocurrency users, and many more could do the same in the next decade.

► Very low transaction fees and no taxes

Whether we opt for a credit card or an electronic wallet to complete online transactions, some unwanted fees will undoubtedly have been paid along the way. With Bitcoin there are no hidden extras and sales taxes cannot be added to purchases once they have been completed.

Without a link to any particular country or association, conversion rates do not apply and you do not have to worry about the price of the dollar before completing an online purchase.

Furthermore, transactions tend to happen instantly and no authorization is required, which also helps reduce unwanted administrative or handling fees .