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In addition, some wallets will also allow you to pay a fee youre willing to spend. With higher fees, youll get faster confirmation of your transactions. Secure When using Bitcoin, users remain in control of their transactions. Youre also protected from identity theft since Bitcoin.

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while PayPal can process thousands digital coin platform of transactions per second, widespread implementation of bitcoin and blockchain technology is not without challenges. The bitcoin network maxes out at 7 transactions per second. One of its biggest limitations at the moment is speed.

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