Since its creation 16 years ago, Bitcoin has become a revolutionary alternative to classic monetary models. Unlike fiat money, which is controlled by governments and banks, BTC offers a decentralized, transparent system of money exchange. Let's consider the main advantages of the leading cryptocurrency over fiat money. Detailed information on the topic Live Dealers crypto can be found on the website.

Bitcoin operates on the blockchain - a specialized database that does not depend on any centralized organization. Unlike classic funds, the issue of which is regulated by central banks, Bitcoin is produced according to a predetermined plan with a limited quantity. This prevents inflation risk due to excessive money emission.

Classic bank transfers, especially international ones, can take several days and are accompanied by significant commissions. BTC transactions are carried out faster (especially in the Lightning protocol), and transaction fees are much lower than in traditional financial systems. BTC is not tied to the legal zone of any state and is available to any user connected to the Internet. This is especially important for citizens of countries with a bad economy, where federal money implies restrictions.

Any bitcoin transactions are recorded in a public database, which guarantees the highest degree of transparency. In addition, users remain anonymous, since transactions do not require personal information, as in banking structures. Thanks to cryptography and a decentralized structure, BTC is protected from censorship.

Fiat money transactions require banks, transfer systems and other organizations, which increases the cost of transactions. BTC provides the ability to transfer value directly between holders, reducing dependence on third parties. Unlike bank accounts, which can be blocked by government decision, Bitcoin wallets are managed exclusively by their owners. When used correctly (say, in cold wallets), Bitcoin is virtually impossible to block.