<blockquote>
  <p>Why should I start using bitcoins? What is the benefit to me of using bitcoins? Why should I want to?</p>
</blockquote>

<p>Well, actually those are excellent questions, but it's hard to come up with one correct answer to it. Many people use Bitcoin for many different reasons. You can find some of the reasons below.</p>

<h2>Bitcoin is like cash</h2>

<ul>
<li>Payments are almost instantaneous, irreversible, and pushed by the paying party.</li>
<li>Bitcoins are fungible</li>
<li>Bitcoin go directly from sender to recipient</li>
<li>no bank account or good credit rating necessary</li>
<li>Nobody can freeze your account</li>
<li>But, when you lose them, they are gone.</li>
</ul>

<h2>Bitcoin is like a resource</h2>

<ul>
<li>Limited supply</li>
<li>Highly divisible (One bitcoin can be divided into 100,000,000 satoshis)</li>
<li>No central institution regulating supply</li>
</ul>

<h2>Bitcoin is like paypal</h2>

<ul>
<li>You can send money around the globe in an instant.</li>
</ul>

<h2>Additionally</h2>

<ul>
<li>Bitcoins are impossible to counterfeit</li>
<li>Transactions are very cheap</li>
</ul>

<h2>What advantages does that have?</h2>

<ul>
<li>If you are a store-owner it is cheaper than accepting credit card payments, and you have the money immediately instead of waiting for months. You also don't have to worry about chargebacks.</li>
<li>With Bitcoin it is unnecessary to disclose personal information just to make a payment on the internet. No risk of someone hijacking your credit card.</li>
<li>Sending money internationally is cheaper, faster, and more reliable.</li>
</ul>

CC BY-SA 3.0
2014-01-27T16:13:15.803Z
2014-01-27T16:13:15.803Z
Murch
<p>I've only just heard of Bitcoin and I wonder why I should start using bincoins. What is the benefit to me of using bitcoins? Why should I want to?</p>

CC BY-SA 3.0
2014-01-27T15:38:12.223Z
You can start with the FAQ page on bitcoin.org: http://bitcoin.org/en/faq#what-are-the-advantages-of-bitcoin
Luca Matteis
CC BY-SA 3.0
2014-01-27T15:51:16.913Z
possible duplicate of [What is a good way to concisely explain Bitcoin?](http://bitcoin.stackexchange.com/q/336/5406) --- [What are the perceived advantages of bitcoin as a means of exchange?](http://bitcoin.stackexchange.com/q/305/5406) --- [Is there any good reason to buy Bitcoins?](http://bitcoin.stackexchange.com/q/2937/5406) --- [What benefit does bitcoin provide over using a credit card?](http://bitcoin.stackexchange.com/q/4471/5406) --- [What are the perceived advantages of bitcoin as a store of value?](http://bitcoin.stackexchange.com/q/2834/5406)
Murch
<currencies><key-selling-points>
Why should I start using bitcoins?
audri
# Why should I start using bitcoins?

(Asked by: username_0 on 2014-01-27)

I've only just heard of Bitcoin and I wonder why I should start using bincoins. What is the benefit to me of using bitcoins? Why should I want to?

**Tags:** currencies, key-selling-points

> **Comments:**
> **username_1**: You can start with the FAQ page on bitcoin.org: http://bitcoin.org/en/faq#what-are-the-advantages-of-bitcoin  
> **username_2**: possible duplicate of [What is a good way to concisely explain Bitcoin?](http://bitcoin.stackexchange.com/q/336/5406) --- [What are the perceived advantages of bitcoin as a means of exchange?](http://bitcoin.stackexchange.com/q/305/5406) --- [Is there any good reason to buy Bitcoins?](http://bitcoin.stackexchange.com/q/2937/5406) --- [What benefit does bitcoin provide over using a credit card?](http://bitcoin.stackexchange.com/q/4471/5406) --- [What are the perceived advantages of bitcoin as a store of value?](http://bitcoin.stackexchange.com/q/2834/5406)  

---

## 1 answers

### Answer by username_2 on 2014-01-27. Score: 1

> Why should I start using bitcoins? What is the benefit to me of using bitcoins? Why should I want to?

Well, actually those are excellent questions, but it's hard to come up with one correct answer to it. Many people use Bitcoin for many different reasons. You can find some of the reasons below.

## Bitcoin is like cash

* Payments are almost instantaneous, irreversible, and pushed by the paying party.
* Bitcoins are fungible
* Bitcoin go directly from sender to recipient
* no bank account or good credit rating necessary
* Nobody can freeze your account
* But, when you lose them, they are gone.

## Bitcoin is like a resource

* Limited supply
* Highly divisible (One bitcoin can be divided into 100,000,000 satoshis)
* No central institution regulating supply

## Bitcoin is like paypal

* You can send money around the globe in an instant.

## Additionally

* Bitcoins are impossible to counterfeit
* Transactions are very cheap

## What advantages does that have?

* If you are a store-owner it is cheaper than accepting credit card payments, and you have the money immediately instead of waiting for months. You also don't have to worry about chargebacks.
* With Bitcoin it is unnecessary to disclose personal information just to make a payment on the internet. No risk of someone hijacking your credit card.
* Sending money internationally is cheaper, faster, and more reliable.


---

