Why to use bitcoin:

Bitcoin is a currency that appeals to a variety of different people for hugely differing reasons.
For its growing base of consumers, it offers a currency that is not controlled by any central bank, and can be spent freely across borders with little regulation or limitation.

1.For economists and technology enthusiasts, it represents a hugely significant step towards the digital age.

2.For financial traders, it is a new area for investment that brings huge volatility and behaves differently to flat currencies.

3.Transaction benefits:
For many, the biggest draw to bitcoin is its low cost, high speed and complete freedom when it comes to transactions. Bitcoin is completely global and subject to few laws and restrictions from central or other banking institutions.

4.So sending money to someone can only take up to ten minutes, the only charge is what is levied by the exchange used, and transactions can be any amount, made at any time and go anywhere. Because of that, the cost of transferring money around the world via bitcoin is usually cheaper and quicker than other methods that can incur fees, impose restrictions and take several days.

6.Bitcoin’s downsides:
Bitcoin is able to offer such speed and low cost because it exists only online, with no central regulator or economy to encumber it. That freedom does come with a downside, however. Bitcoin’s security is still some way from perfect, and with several notable hacks on exchanges anyone keeping large amounts of bitcoin on an exchange is at risk.

->As a fledgling currency, many merchants are still reluctant to accept bitcoin. For consumers who are interested in trying crypto-currencies, that can represent a real problem: even those who want to use bitcoin can find their options extremely limited.