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By Paul Portner
Sun, 17-Nov-2019, 00:07

WHY BITCOIN IS BETTER THAN BANK TRANSFERS, PAYPAL AND CREDIT CARD TRANSACTIONS


Bitcoin transactions between wallets are not linked to your bank account

Anyone can use bitcoin, there is no need for account verification, identity checks or proof of residence

No central authority telling you what you can and cannot do with your money

Your account can never be seized or closed, you are the only one with control

Privacy is enhanced with Bitcoin and it reduces identity theft.

Bitcoin transfers are available within minutes, not like typical banking where it can take days

Available in any country, there are no international boundaries: send and receive anywhere in the world for no additional fees

Unlimited Access: have full control of your money, 24 hours/day, 7 days/week, from anywhere in the world

No high banking and transaction fees, monthly and annual fees, overdraft or over limit fees

No minimum or maximum amount for transactions

Purchases can be virtually anonymous, your name is not tied to your transaction

Transactions cannot be reversed, so retailers no longer need to worry about credit card chargebacks

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