Good Reasons For Using Crypto Currency

Bitcoin is a comparatively new type of currency that has just started to strike the mainstream markets. Still, all the major market players talk about Bitcoins. Getting new users onboard is a huge challenge for crypto agencies. A solid, innovative, and up-to-date strategy is the backbone of every best crypto marketing organization looking to gain that edge over their competitors with a unique selling proposition (USP) that attracts the target audience.

DNA Explainer: What is a Bitcoin? Is Cryptocurrency illegal in India?

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Below are some good reasons why it is worth using this cryptocurrency:

Quick payments – When payments are made by using banks, the transaction takes some days, similarly wire transfers also take a long time. On the other hand, virtual currency Bitcoin transactions are generally more rapid.

“Zero-confirmation” transactions are instantaneous, where the merchant accepts the risk, which is still not approved by the Bitcoin blockchain. If the merchant needs approval, then the transaction takes 10 minutes. This is much more rapid than any inter-banking transfer.

Inexpensive – Credit or debit card transactions are instant, but you are charged a fee for using this privilege. In Bitcoin transactions, the fees are usually low, and in some cases, it is free.

No one can take it away – Bitcoin is decentralized, so no central authority can take away a percentage from your deposits.

No chargeback – Once you trade Bitcoins, they are gone. You cannot reclaim them without the recipient’s consent. Thus, it becomes difficult to commit chargeback fraud, which is often experienced by people with credit cards.

People purchase goods and if they find it defective, they contact a credit cards agency to make a chargeback, effectively reversing the transaction. The credit card company does it and charges you with costly chargeback fees ranging from $5-$15.