Different payment methods exist for the convenience of several people. One of the more unique methods, according to financial authorities across the board, is Bitcoin. Chances are that you have heard of this payment method before, even if you haven't use it. What you should know about it, more than anything else, is that it can be quite beneficial depending on how you use it. Before you get started with Bitcoin, though, here are some of its pros & cons.
PRO - There's more confidentiality to be had with Bitcoin. Did you know that Bitcoin transactions do not give out personal information? The fact that said transactions cannot be traced is great for those who have concerns about financial security. As a matter of fact, this is a rather common concern that authorities like Bobby Jain CS can draw attention to. This is one of the many reasons Bitcoin has become as popular as it is today.
CON - There are some security flaws. Despite the benefit mentioned earlier, there are some security flaws in Bitcoin to be mindful of. For example, if you lose access to your Bitcoin account, it can be rather difficult to regain it. This is worlds different from credit cards which, if lost, can be replaced and mailed to your home without any difficulty. If you're going to use Bitcoins, it's imperative that you're able to access them as easily as possible.
PRO - Sales tax won't be a concern. As a matter of fact, if you make a purchase with Bitcoin, you won't have to pay tax at all. It's important to keep in mind that Bitcoin transactions cannot be evaluated based on location. According to the likes of Bobby Jain Credit, tax cannot be charged as a result. This is another unique benefit of this payment method that more people should consider if they've been on the fence about using it.
CON - Bitcoin is still pretty new. While it might not seem like it, Bitcoin hasn't been around for that long. After all, not every location accepts this payment method, which speaks volumes about the growth that it still has to gain. Simply put, if you have a focus on Bitcoins, you should have another payment method handy as well. Fortunately, more and more locations are starting to accept Bitcoins so it's not like growth isn't occurring.
PRO - There's more confidentiality to be had with Bitcoin. Did you know that Bitcoin transactions do not give out personal information? The fact that said transactions cannot be traced is great for those who have concerns about financial security. As a matter of fact, this is a rather common concern that authorities like Bobby Jain CS can draw attention to. This is one of the many reasons Bitcoin has become as popular as it is today.
CON - There are some security flaws. Despite the benefit mentioned earlier, there are some security flaws in Bitcoin to be mindful of. For example, if you lose access to your Bitcoin account, it can be rather difficult to regain it. This is worlds different from credit cards which, if lost, can be replaced and mailed to your home without any difficulty. If you're going to use Bitcoins, it's imperative that you're able to access them as easily as possible.
PRO - Sales tax won't be a concern. As a matter of fact, if you make a purchase with Bitcoin, you won't have to pay tax at all. It's important to keep in mind that Bitcoin transactions cannot be evaluated based on location. According to the likes of Bobby Jain Credit, tax cannot be charged as a result. This is another unique benefit of this payment method that more people should consider if they've been on the fence about using it.
CON - Bitcoin is still pretty new. While it might not seem like it, Bitcoin hasn't been around for that long. After all, not every location accepts this payment method, which speaks volumes about the growth that it still has to gain. Simply put, if you have a focus on Bitcoins, you should have another payment method handy as well. Fortunately, more and more locations are starting to accept Bitcoins so it's not like growth isn't occurring.
Aucun commentaire:
Enregistrer un commentaire