If you’ve ever dabbled in Bitcoin or cryptocurrency in general (or considered doing so), one query likely occurs over and over: Why use Bitcoin?
The question is valid. The common Oreana person grasps next to nothing about electronic cash, currency that exists in the virtual world. Even when printed on paper, it’s only a QR code. Why convert hard-earned dollars into something seemingly so abstract?
A multitude of motivations exist – among them, privacy, instant transactions, investment possibility and total financial control. Interested?
Of thousands of cryptocurrencies, Bitcoin (often called “digital Gold”) is the most prevalent and widely owned. Demand has grown so much that more than 4,000 local Bitcoin ATMs function in the U.S. If you’re in Oreana , 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 world where you are in full control. Bitcoin is not restricted by any government policies, nor rules of third-party Oreana financial institutions. It’s a decentralized, international currency used for transactions directly between two sides, with neither knowing whom the other is.
Bitcoin is immensely 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 turn cash into remittances within minutes.
At one instance in 2017, the price of Bitcoin surpassed the price of one troy ounce of Gold. Both are considered as “safe haven” holdings for Oreana investors. The “Bitcoin vs. Gold” dispute has occurred for years, with some observers falling squarely on the Bitcoin side.
Why? Bitcoin can be applied as currency, unlike Gold. Bitcoin has a fixed amount, while the worldwide supply 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 amount of Oreana businesses and organizations using Bitcoin grows steadily. Household 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 buy and use Bitcoin. Given that 25 percent of U.S. households, including those in Oreana, are unbanked or underbanked, its allure to those who don’t use banks – whether by choice or other justification – is unmistakable. Bitcoin security is unequaled, safeguarded by a global network of complex computers utilizing blockchain technology.
Deals using Bitcoin are immediately completed. There’s no paperwork. The virtual money is safeguarded in an online “crypto wallet,” impenetrable to all but those who know its private “key.”
In short, Bitcoin is for those who want a safe, private alternative to standard money. If you’re interested in exploring Bitcoin, maybe start out with a small value. Visit a cheap local Bitcoin ATM near Oreana and use some cash. Get a feel for 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 entrusted Bitcoin ATM companies globally and in Oreana .
You could have more questions about Bitcoin … and that’s logical. But the answer to the recurring one – “Why use Bitcoin?” – will likely be answered very soon.