If you’ve ever dabbled in Bitcoin or cryptocurrency in general (or thought of doing so), one thought likely occurs simultaneously: Why use Bitcoin?
The question is legitimate. The typical Maroa individual understands next to nothing about electronic cash, currency that exists in the virtual arena. Even when printed on paper, it’s just a QR code. Why switch hard-earned dollars into something seemingly so abstract?
Many motivations exist – among them, privacy, immediate transactions, investment potential and total financial control. Curious?
Of thousands of cryptocurrencies, Bitcoin (regularly called “digital Gold”) is the most common and widely held. Demand has swelled so much that more than 4,000 local Bitcoin ATMs operate in the U.S. If you’re in Maroa , just click here to find a nearby low-fee, 24-hour-customer-service Bitcoin ATM.
When you transform money to Bitcoin, you enter a financial arena where you are in complete control. Bitcoin is not tethered by any government laws, nor strictures of third-party Maroa financial institutions. It’s a decentralized, global currency used for dealings directly between two parties, with neither knowing whom the other is.
Bitcoin is incredibly valuable as a remittance tool. It’s faster and far cheaper than Western Union or MoneyGram for those sending money around the world. A local Bitcoin ATM can change cash into remittances within minutes.
At one point in 2017, the price of Bitcoin exceeded the value of one troy ounce of Gold. Both are deemed as “safe haven” holdings for Maroa investors. The “Bitcoin vs. Gold” debate has raged for years, with some observers falling squarely on the Bitcoin side.
Why? Bitcoin can be applied as currency, unlike Gold. Bitcoin has a finite quantity, while the worldwide availability of Gold increases roughly 1.5 percent each year. In the five years prior to 2020, Gold’s value grew around 67 percent; Bitcoin, however, rose as much as 4,500 percent.
The total of Maroa businesses and organizations accepting Bitcoin expands progressively. Popular brands such as Amazon, Barnes & Noble, Home Depot, AT&T, Microsoft, Expedia, Subway, PayPal, Overstock, Shopify and Dish Network are included.
Anyone can obtain and use Bitcoin. Given that 25 percent of U.S. households, including those in Maroa, are unbanked or underbanked, its attractiveness to those who don’t use banks – whether by preference or other justification – is natural. Bitcoin security is unparalleled, safeguarded by a globe-spanning network of complex computers employing blockchain technology.
Deals using Bitcoin are immediately completed. There’s no obstacles. The virtual cash is stored in an online “crypto wallet,” impenetrable to all but those who hold its private “key.”
In short, Bitcoin is for those who want a safe, private alternative to commonplace currency. If you’re interested in exploring Bitcoin, perhaps start out with a small amount. Stop by a cheap local Bitcoin ATM near Maroa and deposit some cash. Get a feel for how a virtual wallet functions, and how Bitcoin is used to buy 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 validated Bitcoin ATM companies globally and in Maroa .
You likely have more questions about Bitcoin … and that’s to be expected. But the answer to the incessant one – “Why use Bitcoin?” – will likely be answered very soon.