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What is Bitcoin Halving? Explained by CoinGeckoThe main advantage of using Bitcoin is that it is both digital money and the payment network. Bitcoin's blockchain cannot function without BTC. Accessibility and liquidity. One of the biggest advantages of Bitcoin is that it's an accessible and versatile currency. � User security. Advantages � No Third-Party Seizure. Since there are multiple redundant copies of the transactions database, no one can seize bitcoins. � No Taxes � No Tracking.