With the constant evolution of technology and the information society of the 21st century, cryptocurrencies are unsurprisingly starting to become substantially more prevalent in every field all over the globe. Hosting, of course, is no exception to this as many providers are currently starting to take advantage of this innovative and alternative payment method. Companies, such as VPSBG, have begun to accept both Bitcoin and Litecoin, while others are also willing to accept Ethereum and Doge. Not to mention that because of the Lightning Network, transferring money using crypto is quite a simplified process. But what benefits does paying for your server with Bitcoin actually have?
Preserving Identity
Paying with cryptocurrencies allows you to remain discreet, meaning that your identity and personal information are not at a risk of being exposed. Transactions made through Bitcoin help you maintain your privacy as they do not reveal any personal information due to the fact that the payment process involves simply transferring money from one address to another and nothing else. Furthemore, all of the information is stored in the blockchain, which is scattered around the globe, resulting in every transaction being securely preserved. Additionally, you can also inspect your payments using different blockchain explorers as the blockchain records information about every transaction ever made.
Alternative Payment Method
Paying with Bitcoin for your virtual private server is also beneficial if you currently do not have access to traditional payment systems such as banking and applications like PayPal. If that is the case, then paying with crypto is the most optimal way for you to transfer money to your hosting provider due to the accessibility and transaction freedom that cryptocurrencies can provide you with. Moreover, creating a Bitcoin wallet is extremely simple and it takes no more than 5 minutes and a device with internet connection to set up.
Reduced International Transaction Costs
If your VPS provider is located in a country outside of yours, payments through a bank would be charged with additional fees for the international transaction. However, when paying with Bitcoin, these costs would be significantly lower due to the fact that they are determined independently of traditional fees, because Bitcoin is a decentralized currency. Consequently, this means that no government or other entity can impose specific restrictions on it, which also helps prevent potential inflation from developing.
The Lightning Network
Bitcoin transactions took marginally longer to complete in the past due to the fact that they firstly needed to be approved. Additionally, only a given number of exchanges could be simultaneously performed at any given moment globally, resulting in even longer queues and increased waiting times. However, with the introduction of the Lightning Network, payments can now be completed much quicker than before, whilst also preserving the security and the privacy of the transaction, which is exactly why virtual private server providers like VPSBG have also decided to implement and utilize it in their business operations.
Paying Through Mobile
Most users nowadays require to have their billing applications and payment methods at their fingertips. This is why Bitcoin transactions were made possible to be completed through a mobile device or a smartphone in order to accommodate those who desire to be capable of paying for their servers at any time and place.
Why should you pay with Bitcoin?
Overall, paying with Bitcoin offers you security and privacy protection as well as the ability to make less expensive transactions globally not only from your desktop, but also from your mobile. Moreover, Bitcoin can be successfully used as an alternative payment method if you happen to not have access to conventional payment systems and applications such as bank transactions or PayPal. Ultimately, these are just a handful of the total number of advantages that paying with Bitcoin can have in terms of your VPS server, however, they are undoubtedly some of the most important ones.
