It can sometimes be frustrating to realize that, when you deal with banks and credit card companies, you start to lose control of your finances. They are necessary evils in the world since it’s hard to do much of anything money-related without them interceding. At least, that was the case until just about a decade ago. That’s when Bitcoin was created using blockchain technology. The digital coins, which have grown in popularity and risen in value something fierce in the last few years, represent a kind of sea change in the way people approach personal finances. For the first time, they can take control without having to yield to the large financial institutions for whatever they need.
That kind of revolution has obviously garnered the attention of investors as well, which is why the coins’ value has spiked so impressively. If you are interested in owning some of the coins for investment purposes but aren’t sure how to get started, you can fund an account with a trading program such as Bitcoin Trader and take a hands-off approach to pulling in the profits. If you are interested in learning about how Bitcoin can put your financial wherewithal back into your hands, read on to see just how this amazing technology can make this happen.
1. No Unnecessary Oversight
Has it ever frustrated you how you need a check to clear or a credit card payment to be verified before a transaction can take place? And does it get under your skin that you have to tack on extra fees just for the bank or credit company, in their good graces, to allow this transaction? With Bitcoin, you don’t have to worry about any of that. Either you send payment to someone else and they receive it immediately, or you receive money in your account from them with no delays. And fees are infinitesimal if there are any at all.
2. Choose Your Partners
One of the aspects of traditional finance that works against the individual is that the third party organization overseeing the transaction will decide if you or the other party is worthy of the transaction. This is not the case with Bitcoin, because there is no third party. You can connect with someone anywhere in the world as long as they have a wallet containing Bitcoin. That’s why people call Bitcoin one of the first ever worldwide currencies.
3. The Fringe Benefits
If you’re worried about identity theft, Bitcoin is the currency for you, as there is no personal information that is revealed in a transaction with the coins. In addition, you only need to reveal information related to the value of the transaction, as opposed to when you pay with a credit card and you’re the whole account is open for perusal. These touches of privacy give extra-added value to Bitcoin.
If you’re intrigued by the possibility of Bitcoin changing your financial outlook for the better, why not buy a few coins and see what happens. Don’t be surprised if you’re a full-fledged convert before long.
