Why Should I Use Bitcoins?
Bitcoin is a revolutionary form of digital money (think e-dollars, e-dinars, e-dirhams, e-liras etc.) designed for a world where physical borders matter less and less, and where the Internet plays an increasingly central role.
Fast and Free
Bitcoin is fast and free. Sending and receiving bitcoins is very fast, virtually free, and convenient. Bitcoin is like email for money – but instead of sending messages around the world you’re sending money. You simply enter a friend’s or shop’s Bitcoin address, the amount, and click send. Done! — Your friend will receive the bitcoins within seconds – no need to wait days or pay the high fees charged by banks and other payment services.
Bitcoin is secure. It is based on cutting edge military-grade security algorithms (known as cryptography). Unlike cash it cannot be counterfeit.
Bitcoin is global! It doesn’t matter where you live. Bitcoins can be used anywhere in the world where you have a phone reception or an Internet connection. Imagine travelling the world without the need to convert between currencies.
Bitcoin is constantly upgraded. It can be upgraded or enhanced with an unlimited number of new features. Bitcoin–like many new technologies–is run behind the scenes by a powerful computer program. Just like apps on the Appstore, if you can think of an improvement you can build it and release it to the world. For example, you could create a refrigerator that has its own Bitcoin account and is able to automatically buy you milk whenever you run out.
Bitcoin is private. You never have to share your personal information or risk having your identity stolen. Since you never share your personal information, there’s no information for a hacker to steal. Compare that with traditional payment forms that can require you to enter your sensitive payment information (e.g., card number) as well as personal information (e.g., email, phone) – information that hackers can use to steal your identity.
Bitcoin is reliable. Like the Internet, Bitcoin runs on millions of computers distributed around the world; not in one ‘central’ place or organization. This is called a decentralized or peer-to-peer technology – for Bitcoin to fail, all of the computers in the network would have to fail. Want know more?