Standard bank transfers, especially transactions outside borders, usually involve high fees that also incur exchange costs. Since transactions made with Bitcoin do not operate through intermediary institutions, transaction costs are very low. The only fee is represented by the mining fee to miners. Additionally, another major advantage is that any transfer occurs very quickly, eliminating the inconveniences of typical authorization requirements and waiting periods.

Bitcoin allows users to have control over their transactions, which helps Bitcoin to exist and be traded in complete safety for the network.