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Top 5 Bitcoin Myths Busted

Bitcoin has now been officially accepted as one of the most famous things worldwide, people have looked up for it on the internet, have put their money on exchanges to buy while others have refrained from it thinking of it as a scam, owing to its decentralized nature.

With a topic as controversial as Bitcoin, something that stays in the news all the time, myths and controversies are natural to follow. Here are the Top 5 bitcoin myths, which need to be debunked right away!

Bitcoin Myth 1: Bitcoin is used for illegal transactions such as money laundering

This misconception has surfaced owing to the anonymity of Bitcoin which makes it appear to be an attractive alternative for illegal transactions, however this anonymity is really an illusion. Bitcoin is one of the most transparent currency systems to have ever existed, every Bitcoin tra...

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