1. Low Fees: Bitcoin transactions have much lower fees than traditional banking or payment processors. For example, a Bitcoin transaction typically costs around $0.30, whereas a credit card transaction costs an average of 2-3%.
2. Fast Transactions: Bitcoin transactions are much faster than traditional payment methods. For example, a Bitcoin transaction can take as little as 10 minutes to be confirmed, whereas a credit card transaction can take days to be processed.
3. Secure: Bitcoin transactions are secured with cryptography, making them much more secure than traditional payment methods. For example, a Bitcoin transaction cannot be reversed, whereas a credit card transaction can be reversed if the customer disputes the charge.
4. Pseudonymity: Bitcoin transactions are pseudonymous, meaning that users can send and receive payments without revealing their identity. For example, a user can send a Bitcoin payment to a vendor and the vendor will not know who sent the payment.
5. Global: Bitcoin is a global currency, meaning that it can be used to send and receive payments anywhere in the world. For example, a user in the US can send a Bitcoin payment to a user in India without any additional fees or delays.