1. Liquatidy : Bitcoin is the most popular cryptocurrency so bitcoin has great liquidity when it compares to other cryptocurrencies. Since this is accepted in the US this allows users to convert bitcoins into fiat currencies which means US dollars into Euros, like that. But in other cryptocurrencies, it’s a bit though and they cannot exchange directly and in the process might include some charges and fees for the exchanges.
2. Wide acceptance as a payment method : Now around the world so many merchants accept bitcoins, which means you can have a coffee from a shop if they accept bitcoin unless paying through real accepted the money. So it makes easy when purchasing some goods and needs if you are a bitcoin rich person. It is simply like you have a debit or credit card and you do the payment without giving any amount of real touching dollars between the people,
3. Easy international transactions : So yah they have figured out that too. Most of the time people may complain that you cannot make international payments if you owns bitcoins. Giving the solution to that matter too now. So just like you use atm cards in order to do international payments, yes you can use bitcoins as well.
4. Low transaction fees : When compared to credit cards, debit cards, and PayPal, bitcoin charges a very less amount of fee while doing the transactions. It varies less than 1% of the cost. In other digital methods, it varies around 2% to 3%
5. Privacy : So in other digital transactions they do not hold your privacy, they see your name and few other details but in bitcoin, everything is kinda sealed. In other words, private merchants and public authorities can actually track your funds and spends. In bitcoin, the situation is completely different. The privacy is protected via keeping completely separate bitcoin accounts from their public persons.
6. Independent : Since bitcoin has no authority or central bank to be controlled by, it does not belong to any political issue. It is an independent payment method. It exists outside of the political system, it is much harder to freeze or seize bitcoin accounts.
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