Why you should be your own bitcoin bank!
Why you should be your own bitcoin bank! ; Easbit shows you in a complete series of how to get ultimate financial freedom by being successfully your own bank. We cover all items from how to start using bitcoin to securing your wallet.
Today we explain what the reasons is to be your own bank. Discover what the benefits are.
The big picture
The world around us is changing fast and so is the way we pay. Making directly your payments from you to another person or shop without using a bank makes is not only a lot faster and cheaper. It makes it more secure too, because you’re sending it directly. It can’t get lost.
Being the bank comes with a number of great advantages. To use this innovative payment system all you need is a phone and internet connection.
Why would you be your own bank?
It’s important to see the difference between how you pay now and how you pay with bitcoin. Let’s take closer look.
– Could your bank go bankrupt?
The in 1850 founded Leman Brothers was the fourth largest investment bank in the US. In 2008 she was declared bankrupt. Nobody had foreseen a Titan could end like this. One thing we should have learned from this financial crisis is that ANY bank CAN go bankrupt.
If it does what happens with your money? Think about it.
– YOUR money YOUR terms
Another huge benefit; You don’t have to show your passport and you don’t have to fill out any kind of paperwork. Especially with cross border transactions mostly you have to show your passport and explain why you’re transferring the funds. You also might have to explain how you got these funds. When you don’t have a proper or reasonable answer they might freeze and hold your funds until you do.
With bitcoin YOU have full control about YOUR money, YOU are the bank YOU decide. It’s YOUR call.
– Cheap and fast
Banks or Money transfer companies (like Western Union) can charge huge fees for international transactions. These can be up to 12% of the transferred amount. With bitcoin it will cost you just cents for any transaction regardless the distance and amount you would like to transfer.
So you never pay these high fees anymore.
– Easy to use
To use bitcoins you don’t need to be an financial expert or geek. It is really as easy as using cash. For you daily wallet the Easbit app is a perfect wallet to get you through the day. You can use it within minutes.
– It’s absolutely safe as long…
The key to safe bitcoin banking is the “KEY”. The so called private key is what it already says a key for YOU only. As long as you don’t give this key to anybody nobody can touch your money.
It’s the same with losing the key. If you lose the key you shut yourself outdoors. So when you make sure that you have a copy of it store at a place you only know and you’re safe.
Think about this
There are roughly 2 different kind of bitcoin wallets.
The ones where you store your bitcoins online and the ones where the bitcoins are stored at your side.
See it this way. Why would you store your bitcoins online? This means you give your money to a complete stranger and say: hold it for me. It doesn’t make sense, does it?
Now you know that you always have to store your bitcoins at your side.
Share your thoughts
You have your own opinion about this subject? Or you just want to share your thoughts? We welcome you to leave a comment!
Try it now the Easbit experience, it’s free!
The best way to see how it really works is just to try it yourself. The Easbit mobile bitcoin wallet app for Android is totally free to download.