The ways of paying are getting modern day by day. And nowadays, the online payment has become totally different from the traditional payment system. The difference is that there are many benefits to be gained when you accept crypto payments instead of just using your credit card or debit card for payment. It is easy to make the purchase with bitcoins because it doesn’t need any personal information to prove who you are which makes them anonymous.
Paying with bitcoins or with other cryptocurrency like SOL crypto is becoming more popular now days as many companies are offering this service, but here are top 5 benefits of using them:
1. You Can Buy Almost Anything With Bitcoins
One benefit that you can get by buying things with the help of cryptocurrencies is that you can buy almost anything anywhere in the world. There are many companies that accepts bitcoins as the payment like Dell, Microsoft, Tesla, etc.
When you pay with the bitcoin there is no need to give out your credit card number or banking information. This makes it very secure for online transactions because even if someone gained access into your account they wouldn’t be able to use your money without this private key that goes along with your cryptocurrency address.
3. They Are Very Cheap To Transact
They don’t charge you any transaction fees when you use bitcoins for payment; on the other hand if you would like to withdraw cash from an ATM there will be some service fees associated with it which is added once you receive the currency back in your bank account.
4. It’s Very Fast
You can confirm your payment immediately because all payments are processed by the network in only 10 minutes or even less if you have selected Priority option for your transactions to get included into next block on the blockchain. But it normally takes approx. 10-20 minutes which is very fast because when you purchase with bitcoins, your transaction has been completed very quick and there is no need to wait days before getting approval from bank or other financial institutions.
5. You Can Use Them Anywhere
Тhe cryptocurrency exchanges provide services worldwide, so one can buy and sell their bitcoin anywhere in the world using these exchanges, without worrying about regulatory rules of that country where he lives at because they are not subject to the rules of any country, they are decentralized.
6. You Can Save Money With Them
By paying with the cryptocurrency you can save your money too because they are getting value these days as well after seeing increase in their prices such as nowaday the poocoin price is increasing rapidly, so if you believe that using cryptocurrencies will be beneficial for you then why not to use them? Just give it a try, go out and make your first purchase with bitcoins!
7. They Are Tax Exempt
If bitcoins are accepted by the merchant which is selling product or service, no taxes should apply when transaction has been completed because there is nothing tied back to any physical person or business entity. Because of this reason people who have bitcoin wallets makes sure that their wallet address do not contain any information regarding their identity.
8. They Are More Portable Than Physical Cash
Once you have transferred bitcoins to someone else, they are yours and at any point in time you can transfer it to another wallet. This makes them more portable than the physical cash which is kept under your mattress and if your house caught on fire, you will lose all of your savings.
So what do you think about these benefits? Is it worth trying out the cryptocurrency for making payment? If yes then why not give it a go! Every person who has used this method for paying will never look back again because it’s very simple and easy to use plus you get lots of benefits like: anonymity, security, zero transaction fees and so much more. Why don’t try today?