Bitcoin Main Features
Bitcoin is a decentralized peer-to-peer digital currency that acts as a payment channel independently of any authority institution or middle people. The crypto coin includes an enormous number of benefits and features, namely:
- Cryptocurrency market volatility does not affect BTC as a payout system as it offers Bitcoin to local currency conversion, and it rarely subjects to price fluctuations.
- The e-currency has never been hacked or caught by holding security breaches as the structure contains a range of practices and solutions required for users’ money protection and risk of theft and loss reduction. Some of the network’s safety tools are software and hardware wallets, wallet encryption, multi-signature transactions, multi-factor authentication, and others.
- Bitcoins, as a form of money, have the relevant characteristics: durability, portability, exchangeability, deficiency, divisibility, and others. These and other attributes are based on mathematics over physical properties or central authorities. This fact attracts more trust and adoption, which can be observed on the coin’s expanding base of users, startups, and traders.
- The currency is available for transmission, payment, withdrawal, and other procedures worldwide at any time. Total customer’s control of own money with no government, bank holidays, lunchtime, borders, bureaucracy, and other intermediaries inclusion and participation.
- A lot of wallets allow choosing the amount of charge to pay while doing a transaction, nevertheless, to receive bitcoins, no fee is taken. Regardless of the number of bitcoins being sent: 10,000 or 1, as a merchant, you pay the same amount of fee. Moreover, transaction processing, bitcoin to a fiat currency conversion, direct deposit into a dealer’s bank account, and other services based on the coin are offered for lower fees than any other payment system.
- Risks of a loss caused by fraudulent chargebacks, Payment Card Industry (PCI) compliance, inability to hold a transaction at large markets, high administrative costs, reversibility, endangerment, clients’ sensitive information availability, and more are lower than for other digital currencies.
- Secure payments that a user has full control over; no private information is tied to a transaction, money protection with the help of backup and encryption.
- The e-currency is cryptographically secure and does not succumb to an organization’s representative or a separate official individual control. This inspires great trust for being so neutral and transparent.
- No credit history, addresses, phone numbers, the number of funds spent, saved, withdrawn, etc., are known or required. A Bitcoin wallet allows this anonymity that clients love and appreciate. Bitcoin holders send the exact amount a merchant wants with no additional details given. Even a name is not necessary; digital wallet IDs are enough.
- It takes a few minutes for the network to send and receive money from A to B around the globe using a smartphone.
- When BTC is gone, it’s gone, and no one would ever be able to lie about the absence of payment sent.
Most Popular Exchanges For BTC
To introduce the most widespread platforms for exchange pairs for Bitcoin, here is the short-list:
- Godex is one of the best options on the market as it offers multiple features that do allow
making the most profit by selecting relevant assets for the process itself;
- Binance provides high volume low transaction fee – 0.10% per transfer based on 0.02%
of volume and liquidity – the digital currency is always available for fast sending and receiving at good prices;
- Stormgain presents a built-in wallet for various purposes: secure funds exchange,
whenever and wherever. Quick and easy registration is needed, nothing else.
- Tokenize.Xchange occurs with, as its representatives like to say, “benefits upon benefits”,
which is a total truth as the system comes up with 0.1% rates for Platinum clients and small fees.
- KuCoin offers a decent amount of volume, an acquisition of bitcoin with a credit card,
lending BTC to earn interest and staking rewards;
- Poloniex comes up with 0.09% of the fee and drops with volume, also Ethereum,
Litecoin, and Tether.
Step By Step Guide On How To Exchange A BTC on Godex.io
The order of actions is as follows: select two coins for the change and set the amount, let’s assume btc to eos → check the recipient’s (EOS) address and order details → click Exchange.
Godex.io service is a respectful tool for various processes completion towards purchasers, traders, investors, merchants, and others. Every single user’s data is encoded and remains anonymous. There are no limits specified for the transaction volume or number. The platform supports more than 200 cryptocurrencies for a swap. The BTC to EOS transfer rate can be calculated in its price in dollars. Godex utilizes International Currency Exchange Rate (ICER) for the current exchange and many others, thus, you can sell 0.005 Bitcoin and get 31.451 EOS in a few minutes at any moment.