If you need to purchase an anonymous VPS, you should know that it has an established monthly rate that you’ll need to pay. Besides paying for it, this also means that you’ll need to update the contract you have with the company you opted for every month.
When talking about the traditional purchasing approach – which is by paying by using Fiat money – users can charge their profiles by utilizing their credit cards, but, nowadays, there are other payment options out there, which means that you don’t need to use your credit card for purchasing an anonymous VPS.
Now, you should know that there is usually a third party – a bank – between you and the other party in the prevailing payment system, which means that there is a sender, a receiver, as well as a facilitator. However, with the emergence of blockchain technology, now, we have peer-to-peer transactions that work without a third party. If you want to learn how to buy VPS with bitcoin, you can click here for more information
Although there are dozens of debates that took place since the emergence of peer-to-peer transactions about this kind of payment’s legality, we are still able to witness its growth every single day. In the peer-to-peer transaction systems, you should pay your value with a currency. Here is where Bitcoin, as well as other cryptocurrencies, come into play. As you already know, Bitcoin is a cryptocurrency based on its blockchain.
What Are the Advantages of Paying by Cryptocurrency
In the past years, people have always considered fiat money as their only and primary tool of transaction. This type of currency is made by the government, which means that they are the ones that define the money’s value and one of the main factors of money’s value is the stock market.
Virtual currencies are unique and specific, and all of them have some sort of advantages over fiat currencies. Cryptocurrencies are just over a decade old, and with all the innovations and improvements happening, their landscape is completely changing.
Most of the tokens that you can find out there are untested mediums, and users have to be quite careful in order to evaluate all of their benefits and risks. Cryptocurrencies offer users a unique collection of advantages over other payment methods.
One of the leading and most famous cryptocurrencies is Bitcoin, which is a popular type of cryptocurrency. These cryptos are not related to the government, which means that they have no control over them.
What does this mean for you? Well, this important features makes cryptos safe, flexible, and secure, mostly because they work with blockchain technology in place. Blockchain technology is what makes transactions easier to track than fiat money, and it’s more transparent.
If you were wondering about what advantages you could gain by choosing to pay in cryptocurrencies, the article below will help. So, let’s take a closer look at why it’s better to use cryptos than traditional fiat money:
Its Division Allows Small Transactions
Did you know that a single Bitcoin can be divided into 100.000.000 parts?! Yup, this is entirely possible and those tiny parts are usually referred to as “Santoshi” – which is similar to the name of the Bitcoin creator “Satoshi”. Because of this, you could perform smaller of larger payments.
This important features isn’t present with fiat money, which means that using Bitcoin will allow you to have an advantage. With cryptocurrencies, you’ll gain a suitable and equitable method for making transactions.
Low Transfer Cost and Storage
If you use bitcoin or other cryptos for your transactions, you won’t need a lot of coins or cash to purchase the money storage space you require. It’s different from banking services, especially when talking about transferring money.
Bitcoin will be more effective than fiat money and whenever the price and value of bitcoin or other cryptos increase in the market, you can expect an increase in the transfer rate as well. However, you can rest assured – it will still cheaper than fiat money.
No Government Interference
There is no third party that controls bitcoins. The government isn’t able to interfere or do anything about the sale and buying process of Bitcoins, hence, anyone is capable of freely buying, storing, or selling the coins that they have, at any time and for any place.
As we mentioned, with fiat money, the government will decide about where it is stored, the tax regulations, as well as the selling or depositing of the funds. With bitcoin, you will experience more flexible transactions. Bitcoin users could choose to use it for different purposes. It doesn’t have common obstacles like fiat money does, including the sales, purchases, and storage.
With fiat money and when you want to trade globally, you will have to change your money to the target country currency and then pay for your commodities or services with third-party interference. However, by using bitcoin as a global payment everything will be more effective.
The transfer rate is still much cheaper than fiat money, and you don’t have to exchange your bitcoin because it’s accepted globally. Bitcoin is a cryptocurrency that any government doesn’t rule. This means you can use it as a means of payment for any goods or services around the world, and you should know, there are no regulations or restrictions when you use bitcoin as a means of payment.
There you have it, these are the advantages of bitcoin over fiat money. With these advantages, we can feel that using cryptocurrency as a means of transaction is more effective than fiat money in several different ways.