NC Wallet News

View all

Who Wins the Race?

Bitcoin Beats Gold?

Bitcoin Beats Gold?

Could good old gold be defeated by relatively young Bitcoin? Imagine that you decide to buy Bitcoin, while your best friend goes for gold. Let’s explore, who will encounter fewer obstacles and whose experience will be more user-friendly. Are there a lot of areas where Bitcoin wins the race over the precious metal?

Purchase

To buy gold, your mate should go to authorised vendors only, while depositing a crypto wallet is as easy as sending an email. It will also be impossible for your friend to purchase a random small amount of the shiny metal. In this regard, Bitcoin is more convenient, as it can be bought and sold in smaller units (satoshis).

Portability and regulation

Gold is strictly regulated by the governments in most countries — for example, your friend couldn’t freely cross borders carrying gold bullion without declaring it, paying taxes, etc. With Bitcoin in your wallet, you can send funds across the world with a few taps.

Use cases

The primary purpose of gold is to be a store of value. Your friend is unlikely to pay rent or make everyday purchases with a gold bar. Bitcoin can be both: an asset and a currency used for peer-to-peer transactions.

Safety and withdrawal

Your pal, possessing gold in a physical form, should take into account the expenses of ensuring its safety (safe deposit box, strongbox, etc.) and verifying its authenticity (in case you store it at home and decide to sell). Every scratch on a gold bar lowers its weight and its price as a result. Not to mention that the withdrawal of golden funds is a complicated and time-consuming procedure. Bitcoin doesn’t require special storage conditions, verification, or validation — and can be spent and exchanged in a matter of minutes.

As for managing crypto costs, we give you the clue. Hold, send, and exchange your BTC in NC Wallet, and forget about all kinds of fees.

Unlock new-gen financial tools with confidence and with the no-fee NC Wallet!

TO NC WALLET

Recently Added

4 Reasons to Tell Your Friends About Crypto
Imagine you are having a conversation with your friends about cryptocurrency. You already use NC Wallet to store your assets, but your mates are curious if they should start using cryptocurrency. How do you convince them to check out the crypto world?
Published:
Who Holds the Most Bitcoin in 2024?
Still think Bitcoin is a risky asset? What if we told you that the biggest owners of BTC are billionaires like Elon Musk and more — the entire governments? In NC Wallet, we’ve put Satoshi Nakamoto, the most profitable Bitcoin miner, aside, and compiled a list of whales — entrepreneurs, companies, and countries that have invested their fortunes in Bitcoin.
Published:
Before Transferring Bitcoin: Understand Address Types
Start to feel more confident while making Bitcoin transactions by learning the difference between the types of Bitcoin addresses! When you create a Bitcoin address in NC Wallet, you have three options: a Legacy address or two types of SegWit addresses. How do they differ?
Published: