What are the advantages of using bitcoin?

Using Bitcoin it is possible to send or receive money anywhere on the planet any time, night or day. That is a huge advantage. The usual limitations don’t exist when transferring money across the world. Having to take into account festivals and holidays, for instance, is not part of the equation. You are the only one in charge of your money.

What are the disadvantages of bitcoin?

The network is distributed globally among many thousands of nodes (computers) and millions of users where you don't have to rely on trusted third-parties. Bitcoin has a limited supply: There will only ever be 21 million bitcoins created, and they’re generated at a predictable rate. Bitcoin is scarce and deflationary.

Is bitcoin safe to use?

Nobody can charge you money or make a payment on your behalf. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud. Bitcoin in universal. You don’t need specific software or clients. Only bitcoin wallet address.

What are the risks and volatility of bitcoin?

Risk and Volatility. Bitcoin has volatility mainly due to the fact that there is a limited amount of coins and the demand for them increases by each passing day. However, it is expected that the volatility will decrease as more time goes on. As more businesses, medias, and trading centers begin to accept Bitcoin,...