Is it safe to use Bitcoin for business?

Bitcoin for Businesses. Bitcoin is a very secure and inexpensive way to handle payments. There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions.

Is there a fee to receive bitcoins?

There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions.

Is bitcoin'money' or 'legal tender'?

As a cryptocurrency such as Bitcoin is not ‘money’, ‘currency’ or ‘legal tender’ as understood by traditional legal conventions, it is important to bear in mind that Bitcoin’s extrinsic value is currently based solely upon voluntary acceptance by those that choose to trade in or otherwise accept it.

What is bitcoin used for?

What is Bitcoin used for? At its most basic level, Bitcoin is useful for transacting value outside of the traditional financial system. People use Bitcoin to, for example, make international payments that are settled faster, more securely, and at lower transactional fees than through legacy settlement methods such as the SWIFT or ACH networks.