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Advantages of using Bitcoins


Purchases Are Not Taxed:

There is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, so one of the major advantages of Bitcoin is that taxes for sales are not added onto any purchases.

Very Low Transaction Fees:

Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government body involved, the costs of transacting are kept very low. This can be a major advantage for travelers. Additionally, any transfer in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and wait periods.

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