Aside from online casino gaming Bitcoin is one of, if not the safest way to transact online. The cryptocurrency itself does not hold or share any personal or financial information with any parties involved. This makes Bitcoin untraceable and highly encrypted. No one can steal Bitcoin and the infrastructure created to hold and secure Bitcoin is unparalleled. Each user of what is called the Blockchain contributes an additional level of security each time Bitcoin is used. This means that if one section of the Blockchain fails, then there are millions if not billions of links in the chain to pick up the slack.
The decentralized nature of Bitcoin keeps it free from interruption from financial institutions or governments. This also means that Bitcoin cannot be taxed at any point. So, whatever you have bought or mined, is yours to keep if you do not sell it. It is an innovation to fuel a society tending to more interactions online and with the growing industry provides a safe way to transfer funds between different parties.