Bitcoin payments are super-fast. On your device or smartphone, they can be made from wallets only by entering the address of the recipient, the number and then pressing send. By scanning a QR code or bringing two phones containing near-field communication (NFC ) technology, a form of radio communication, close to each other, smartphones may also obtain the address of a receiver.It’s equally quick to collect payments … All you must do is give your Bitcoin address to the payer. check it out
Safeguarding your wallet
A Bitcoin wallet is like a cash-filled wallet. You should only keep small amounts of bitcoins on your computer or smartphone to minimise the risk of theft, and keep the bulk of your bitcoins in a safer environment, such as an offline wallet. An offline back-up will allow you to recover your wallet if your computer or smartphone is stolen, provided your wallet has been encrypted.You may configure a password that must be entered until funds can be withdrawn by encrypting your wallet. Recovery of a bitcoin password, however, is unlikely if it is lost. This is why you need to be completely sure that your password can be remembered. If your bitcoin value is significant, you can store your password in a bank vault or wherever you store important documents.
You can store off-line backups in many locations using different formats, such as USB flash drives and CDs, in order to be as safe as possible.
Since bitcoin runs on software you download to your device (PC or laptop) or smartphone, in order to keep your wallets and transactions secure, you need to update this software periodically.
Benefits of Bitcoins
There are some important benefits of Bitcoins:1-You can instantly send and receive unlimited sums of money to and from anywhere in the world at any time.2-No fees or just very small fees are charged for collection.