Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Bitcoin is the simplest way to exchange money at very low cost.
Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code on your Bitcoin wallet app. Then let your friend scan your mobile.
Bitcoin transactions are secured by military grade cryptography. Nobody can charge you money or make a payment on your behalf. Take the required steps to protect your wallet! Bitcoin gives you control over your money and a strong level of protection against fraud.
Like with email, you don’t need to ask your family to use the same software or the same service providers. Let them stick to their own favorites. No problem there; they are all compatible as they use the same open technology. The Bitcoin network never sleeps, even on holidays!
Sending bitcoins across borders is as easy as sending them across the street. There are no banks to make you wait 3 business days, no extra fees or special limitations.
There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Fees aren’t related to the amount transferred, you can send 1000 bitcoins for the same fee as 1.
With Bitcoin, there is no credit card number that some malicious actor can collect. In fact, you can send a payment without revealing your identity, like with physical money. You should yet take note that you should do some effort to protect your privacy.