What are the advantages of bitcoin? All Questions › Category: Blockchain › What are the advantages of bitcoin? 0 Vote Up Vote Down chetan shidling asked 4 years ago I need short information. 1 Answers 0 Vote Up Vote Down chetan shidling answered 4 years ago Works on a decentralized network. Can send currency peer to peer. No fiat currency needed. No single point of failure. More secure. Less prone to frauds and tampering.