What are the pros of using bitcoins in a transaction?

Pros of using Bitcoin in transactions

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No third party interruptions

            One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts, and thus users of Bitcoins will have complete freedom to do anything they want with their money.

No Taxes

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            There is no way for a third party to intercept transactions of Bitcoins, and therefore there is no viable way to implement a Bitcoin taxation system.One of the major advantages of Bitcoin is that sales taxes are not added onto any purchases.

Very Low Transaction Fees

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            Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low.

No Tracking

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            Unless users publicize their wallet addresses publicly, no one can trace transactions back to them. No one, other than the wallet owners, will know how many Bitcoins they have. Even if the wallet address was publicized, a new wallet address can be easily generated. This greatly increases privacy when compared to traditional currency systems, where third parties potentially have access to personal financial data.

Bitcoins Cannot be Stolen

            Bitcoins’ ownership address can only be changed by the owner. No one can steal Bitcoins unless they have physical access to a user’s computer, and they send the bitcoins to their account. Unlike convential currency systems, where only a few authentication details are required to gain access to finances, this system requires physical access, which makes it much harder to steal.

What are the advantages of paying with Bitcoin? Retrieved from https://www.investopedia.com/ask/answers/100314/what-are-advantages-paying-bitcoin.asp

Onies,A.,Daniele,G.,Olayinka,T. Advantages. Retrieved from https://cs.stanford.edu/people/eroberts/cs201/projects/2010-11/DigitalCurrencies/advantages/index.html

What are the Advantages and Disadvantages of Bitcoin? Retrieved from https://coinreport.net/coin-101/advantages-and-disadvantages-of-bitcoin/