Uses of Bitcoins
There are quite a few uses for bitcoins at the moment, and the list is growing…
- Using bitcoins as a currency: you can exchange bitcoins for goods and services from many online stores. The number of stores that accept bitcoins grows every day.
- Investment: you can buy or mine bitcoins now, and hold them in the hope that their value will increase. You can later sell them for a profit, or hold on to them.
- Currency conversion: you can use them to convert dollars to pounds (and back again), or practically any world currency to another…without all the fees that would ordinarily be involved.
In many ways, using bitcoins is the same as using cash online. It’s completely anonymous. The ability to mine and generate bitcoins is an added bonus, as is the discount against any fees already incurred (as well as potential future fees) you will receive from depositing your bitcoins with Flexcoin.