If you’ve ever dabbled in Bitcoin or cryptocurrency in general (or wondered about doing so), one query likely occurs over and over: Why use Bitcoin?
The question is legitimate. The average Argenta individual understands next to nothing about electronic cash, currency that exists in the virtual world. Even when printed on paper, it’s just a QR code. Why switch hard-earned dollars into something seemingly so abstract?
Many reasons exist – among them, privacy, immediate transactions, investment possibility and total financial control. Curious?
Of thousands of cryptocurrencies, Bitcoin (occasionally labeled “digital Gold”) is the most common and widely owned. Demand has spiked so much that more than 4,000 local Bitcoin ATMs function in the U.S. If you’re in Argenta , just click here to find a nearby low-fee, 24-hour-customer-service Bitcoin ATM.
When you convert money to Bitcoin, you enter a financial world where you are in full control. Bitcoin is not restricted by any government policies, nor policies of third-party Argenta financial institutions. It’s a decentralized, global currency used for transactions directly between two parties, with neither knowing whom the other is.
Bitcoin is immensely valuable as a remittance tool. It’s faster and far less costly than Western Union or MoneyGram for those sending money between nations. A local Bitcoin ATM can change cash into remittances within minutes.
At one time in 2017, the value of Bitcoin surpassed the value of one troy ounce of Gold. Both are viewed as “safe haven” holdings for Argenta investors. The “Bitcoin vs. Gold” argument has raged for years, with some observers falling squarely on the Bitcoin side.
Why? Bitcoin can be utilized as currency, unlike Gold. Bitcoin has a finite quantity, while the worldwide supply of Gold increases approximately 1.5 percent every year. In the five years before 2020, Gold’s value improved around 67 percent; Bitcoin, though, rose as much as 4,500 percent.
The amount of Argenta businesses and organizations accepting Bitcoin increases steadily. Everyday brands such as Amazon, Barnes & Noble, Home Depot, AT&T, Microsoft, Expedia, Subway, PayPal, Overstock, Shopify and Dish Network are on the list.
Anyone can obtain and use Bitcoin. Given that 25 percent of U.S. households, including those in Argenta, are unbanked or underbanked, its allure to those who don’t use banks – whether by preference or other rationale – is unmistakable. Bitcoin security is unparalleled, guarded by a worldwide network of complex computers utilizing blockchain technology.
Dealings using Bitcoin are instantly completed. There’s no obstacles. The virtual cash is safeguarded in an online “crypto wallet,” inaccessible to all but those who hold its private “key.”
In short, Bitcoin is for those who desire a safe, private option to traditional money. If you’re interested in trying Bitcoin, maybe start out with a small sum. Visit a cheap local Bitcoin ATM near Argenta and use some cash. Understand how a virtual wallet works, and how Bitcoin is used to purchase products and services.
You can feel secure doing so, too. Coinsource Bitcoin ATMs have one of the highest degrees of compliance in the industry, backed by more than 30 money transmitter licenses. Coinsource is one of the most trusted Bitcoin ATM companies globally and in Argenta .
You maybe have more questions about Bitcoin … and that’s logical. But the answer to the repeating one – “Why use Bitcoin?” – will likely be answered in short order.