Advantages and Disadvantages

Bitcoin offers a new way to think about money. It removes intermediaries and gives users full control over their funds. But this freedom comes with trade-offs. Bitcoin has clear advantages — and real disadvantages.

Bitcoin’s main strength is independence. You own your money directly, without relying on banks or governments. Key advantages include:

• No one can freeze or confiscate your funds
• Global transfers without permission
• Limited supply that cannot be inflated

Bitcoin works 24/7. The same rules apply to everyone.

Bitcoin also has clear downsides that users must understand. Some of the main disadvantages are:

• High fees for small transactions during network congestion
• Strong price volatility, similar to a risky stock
• No protection if funds are sent to the wrong address

There is no customer support. No chargebacks. If you make a mistake, it is final.