Bitcoin is the big deal at the moment, but not everybody knows why. Also, not everybody knows if Bitcoin is made for them, or how they will get involved. So, here are a few compelling reasons to know why you must use Bitcoin and check out the latest BTC price.
Secure than banks
Bitcoin algorithm is closer to bulletproof than computer program. Some best hackers or security experts online have taken the crack on it, and till now nobody will find any kind of weaknesses. Bitcoin code is described as very well written, equivalent to Shakespeare. The banking transactions are in the lower security level than the Bitcoin. In a lot of ways, Bitcoin need to be safe than banks. After all, banks are around for years, and people know how this works out. However, Bitcoin is new, upstart, and has to prove itself. This makes Bitcoin the target for people who want to see this currency to fail.
Lesser service fees
The banking institutions generally charge much high rates for every transaction. This system is setup in such a way that the individual transactions of two people are just impossible; and they need “trusted” third party for facilitating their transaction. Naturally, banks take the service fee to facilitate such transactions. You may make use of escrow services with the Bitcoin that take the service fee; however you do not need to. As Bitcoin is totally based on peer to peer transactions, and there are not any service fees.