If you are an average person with normal needs, Bitcoin is not for you. Indeed, why buy Bitcoin to pay for your phone when you can use regular money to do so? However, as is often the case, there are many other nuances. So what does Bitcoin have to offer to the average person and where can it be useful?
Lack of central control
Why should the average citizen really care who controls a digital currency? Indeed, why should I know if everything works well? However, life shows that even the major companies If the administrators of the payment system do not like some of your actions, they can easily block your account. It happens quite often. On the Bitcoin network, this is simply impossible. Even if you offend Satoshi Nakomoto, nobody will be able to prohibit you from using Bitcoin. You can buy Bitcoins here https://cryptopay.me/buy-bitcoins.
Minimal fee for money transfers and high speed of transactions
If you’ve ever made an interbank transfer, you’re probably aware of the horse fees and waiting time. If you take international transfers, the situation is even worse. You can wait for the money for weeks. With digital currencies, of course, things are better, but there is a problem of another kind. The problem of fast international transfers has been open for a long time. After the emergence of Bitcoin, the situation has greatly improved. Bitcoin transfer speed is at the level of ordinary digital currencies (i.e. almost instantaneous) and transfer fee is pennies, irrespective of transfer amount.
Irreversibility of the transfer
Bitcoin transactions are irreversible, i.e. if bad guys stole access to your wallet and transferred all the money to another address – that is all, you will not get the money back. But we can’t call this feature a disadvantage. There are a lot of fraud schemes, when an intruder makes a transfer in the usual digital currency or through a bank, receives a product or service, and reverses the payment. There is no way to do it in Bitcoin, though this doesn’t mean that Bitcoin is safe from fraudsters.
All the classical payment systems require the user to confirm his identity in one way or another. Moreover, if the sums of transfers are considerable, payment system employees may demand to provide you with the copies of many documents. Moreover, if you exceed certain limits, information about your transactions will be sent to the tax authorities. In the Bitcoin network you can make multimillion transactions, and you will not have to show your real data. But understand that you will be anonymous only as long as your identity cannot be linked to your Bitcoin wallet address. As soon as you decide to exchange bitcoins for regular currency, there is a risk of de-anonymization.
Bitcoins have become very convenient to use lately. You can get your own wallet on https://cryptopay.me/bitcoin-wallet and even order a plastic card. This card can be used to pay for purchases in stores and perform the usual financial transactions.