What are the Benefits of Paying Using Bitcoin?

Bitcoin is a decentralized digital currency that you can use to send or receive payments with no risk of fraud or third-party oversight, such as banks or other financial institutions. Economic benefits include lower transaction fees and faster transfers when trading or paying using Bitcoin.

You can purchase bitcoins on an online exchange, or you can transfer some to an address of the exchange that only you control. Bitcoins are not printed like dollars or euros, and they are produced by people (miners) who use computers to solve math problems and are issued into existence.

As the number of bitcoins in circulation approaches 21 million, the rate of production will slow dramatically from the current pace. 

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