The term Bitcoin has heard by many people but they don’t have a clear idea about it. If one can define it simply, bitcoin is a digital currency system which is designed to provide online users the ability to do transaction digitally using bitcoins. In other words, it is a virtual currency. Since inception, the bitcoin has acquired great focus towards it. The private network computers linked via shared program is utilized to hold transactions and process payments in bitcoin. Its formation is based on extremely intricate mathematical algorithms and its purchase can be done through standard national money currencies. Here are 5 advantages that you will appreciate while using bitcoin- Easy Online Payments Like any other payment system, Bitcoin is also a prominent online payment system. The Bitcoin users have the comfort of paying for their bitcoins from any place of the world that has an internet connection rather than taking the pain of visiting to particular bank or store to