Electronic payment systems entered our life and people increasingly use digital Bitcoin instead of cash. The consumers like the fact that they always have access to digital money. Bitcoin transactions are performed on peer-to-peer basis so you can always connect to the other party to make a payment even during national holiday when all banks are closed. However, this is not the main advantage as people are more focused on other issues. When customers pay with Bitcoin or other cryptocurrency, privacy is the main reason for it. The consumers are more concerned about this aspect. Bitcoin as digital cash is ideal in this respect. It is a common mistake to think that being an anonymous system it enables illegitimate trade as the essence of the blockchain is transparency. Actually, its level is unprecedented. All deals can be tracked. Everything is carefully recorded and nothing can be changed. This is why the chain is secure. It is impossible to change the data in the blocks of the chains. If you use digital currency correctly and apply to bitcoin ATM to buy e-money in small amounts, this will never cause any problems despite the traceability of all deals. For member of private bitcoin exchange, verification is not always necessary.
You can find each and every move of funds in BTC network. Paying for the services or commodities, the person uses addresses that are privately generated by digital wallet. After Bitcoins sent and addresses used, you can find the data in the history where the info is stored on a permanent basis. The person can be the holder of many wallets applied for different purposes. It is recommended for privacy protection. It is also advised not to share the address publicly, let us say, on a fundraising page or to information about your transactions. If you decide to transfer funds from one wallet to another, you can accidentally reveal yourself, since the information about all financial procedures remains in the wallet and can be tracked by other users of blockchain network. For additional security you may want to consider hiding your IP with TOR when you are shopping using digital bitcoin online.