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How Do I Make A Bitcoin Payment?

How To Make A Bitcoin Payment Easily? |oddsbusters.com

How To Make A Bitcoin Payment Easily? |oddsbusters.com

Is It Difficult to Make a Bitcoin Payment? Bitcoins, as a currency, are easy to use and offer a lot of benefits over traditional currency. That being said, it can be a bit confusing to start using Bitcoin for payments if you dont know how its done. Bitcoins are actually quite similar to any other online payment system, but they use their own network of supporting programs that you need to get familiar with before you start. Paying with Bitcoin is just as easy as paying is a credit card, Paypal, Skrill, or any other online payment systems. Making a Bitcoin payment requires you to set up a wallet for storage of the coins, find a merchant or individual that will accept Bitcoins and send a unique code from your wallet address. Wallets for Bitcoins are widely available. You can choose an online wallet that is secured and receives its own copy of the block chain (which helps to confirm any transactions youve made more quickly), an online lite wallet which does not have a full copy of the block chain, or an offline wallet that scores your Bitcoins in a non-accessible offline form. Online wallets can be riskier than offline wallets, as its possible that they can be hacked. However, wallets have their own offline security measures that can make them more difficult to hack than other ordinary online cloud storage. Each wallet has its own way of being secure, so you can look around and find one that youre most comfortable with. Offline wallets are usually considered to be more secure, but they are not quite as convenient. You cant pay immediately with this sort of wallet, although its easy enough to do transactions from an offline wallet. Bitcoins dont have to be used in their full value at once. You can split the value of a Bitcoin into smaller denominations as many times as is Continue reading >>

8 Major Retailers And Services That Accept Bitcoin

8 Major Retailers And Services That Accept Bitcoin

8 Major Retailers and Services That Accept Bitcoin 8 Major Retailers and Services That Accept Bitcoin Shop several Bitcoin online sites and services Bitcoin and other cryptocurrencies are accepted worldwide for goods and services. diane555/DigitalVision Vectors/Getty Images Got bitcoins to spend? Quite a few big sites have already begun to integrate payment options for Bitcoin. So, you're in luck if you've been holding onto yours for a while now and feel ready touse them to make a purchase. If you're wondering where to start, look no further than the following top websites that are now accepting Bitcoin as payment for their goods and services. By the way, more and more brick-and-mortar sites are accepting Bitcoin, too. Fly into Denver and you can even pay for your parking with Bitcoin. Cryptocurrency is not just for the unsavory criminal any more. Buy home goods. Overstock.com screenshot Overstock.com was the first big online retailer to start accepting bitcoins in January of 2014. The company allows its customers to pay for everything from laptops and television sets to throw pillows and ottomans with bitcoins. In fact, Overstock.comallows customers to use all the major cryptocurrencies, including Ethereum , Litecoin , Dash, Monero, and the new Bitcoin Cash . To use a cryptocurrency on Overstock.com, at checkout simply select your preferred currency to complete your purchase.The payment system will convert the currency into bitcoins and finalize the purchase. Editor's note: Overstock subsidiary tZero is part of a joint venture trading digital coins launched during initial coin offerings. Continue reading >>

Bitcoin Online Payments | Payment Methods | Payfast

Bitcoin Online Payments | Payment Methods | Payfast

Bitcoin is an innovative digital payment method, performed over a peer-to-peer network. We partnered with Luno(previously known as BitX) to allow our sellers to accept Bitcoin payments. Buyers can purchase Bitcoin in a variety of ways (in almost any country in the world) and use it in a variety of ways: including online purchases using PayFast. Buyers simply pay the Bitcoin amount (at the current rate of exchange) during checkout. Sellers will still receive South African rand, just like with all our other payment methods. Neither PayFast nor the seller receives or stores any Bitcoin, so there arent any risks of security, volatility or exchange rate fluctuations. For a more in-depth explanation, please see our launch blog post . You receive the exact ZAR amount requested A buyer selects Bitcoin as payment method on the PayFast engine. The buyer completes their payment using their desktop or mobile bitcoin wallet. The rand amount is added to the sellers PayFast account. As for all supported payment methods, PayFast simply keeps a small fee. Continue reading >>

8 Surprising Places Where You Can Pay With Bitcoin

8 Surprising Places Where You Can Pay With Bitcoin

8 surprising places where you can pay with bitcoin Richard Branson, CEO of Virgin Galactic, which accepts bitcoin as a form of payment In a 1999 interview, Professor Milton Friedman, an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. He had this to say: "I think the internet is going to be one of the major forces for reducing the role of government. The one thing thats missing but that will soon be developed is a reliable e-cash." In November 2008, a paper was posted to a cryptography mailing list titled "Bitcoin: A Peer-to-Peer Electronic Cash System."In this time the value of the first Bitcoin transactions were negotiated by individuals on the bitcointalk forums with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas. In 2011, based on Bitcoins open source code, other cryptocurrencies started to emerge. By 2017, a single bitcoin's worth reached more than $4000 This is greatly attributed to the fact that more people are getting educated on how Bitcoin works. The convenience of receiving payments within seconds, with minimal transaction fees means a lot to a business. More online stores are opening up to accepting Bitcoin as a form of payment from their customers. "Not only is Bitcoin exciting, its also going to play an important role in the future of PayPal." - John Donahoe, CEO of eBay There are many other small e-commerce stores that accept cryptocurrency for purchases. Some industries even have custom cryptocurrencies, which serve like means of payment between parties. The use of cryptocurrency is on the rise as it has many benefits, such as security, speed, minimal transaction fees, easy to Continue reading >>

How To Make A Payment Processor Like Bitpay?

How To Make A Payment Processor Like Bitpay?

How to make a payment processor like Bitpay? There are some payment processors such as BIPS, BitPagos, BTCMerch, and a few more like them. In detail, what do I require to get a website like that going? We're looking for long answers that provide some explanation and context. Don't just give a one-line answer; explain why your answer is right, ideally with citations. Answers that don't include explanations may be removed. With this, you can programmatically control the creation of wallets, addresses, and send/verify transactions ... the basis of a service such as bitpay. If you want to get a bit closer to the metal, you could look at using something like libbitcoin (which is what the guys at darkwallet are using): Thanks man,I would look into that,sorry for late reply though,anyhow thanks a ton avi Feb 6 '14 at 5:33 Can you clarify whether you just need the ability to handle bitcoin-only transactions, or does your service need to be able to trade fiat currencies such as USD or EURO for bitcoins? If so, then you will need to invest in lawyers and find yourself a bank that is willing to extend you a loan, or supply your own funds to get it up and running. If you're only needing to deal with bitcoins transactions, then I would suggest you learn about how blocks and transactions work at a low level. This is a good site for learning the nitty-gritty of how the blockchain stores data Continue reading >>

Coinbase | Where Can I Spend Bitcoin?

Coinbase | Where Can I Spend Bitcoin?

In the beginning, there was pizza . Nowadays, you can spend your bitcoin on much more than pizza, in a wide variety of places, both online and offline. And while there are more comprehensive lists available, we hope this will highlight the diversity of options available. Perhaps the easiest, most rewarding way to spend your bitcoins is by paying it forward. Use bitcoin to tip article and blog post authors with the click of a button , or donate to any number of worthy causes including the Wikimedia Foundation .You can also buy Reddit Gold with bitcoin, and give it out as gratitude for the user who posts your favorite cat pictures! Send or receive tips with Changetip or set up charitable donations . You can alsouse our personal Payment Pages to start accepting bitcoin right now! With over a million products for sale, all available in bitcoin, Overstock.com has you covered. While we wait for stores like Amazon and BestBuy to accept bitcoin directly, some enterprising folks have found a workaround. Use bitcoin to purchase gift cards from services like eGifter , or Gyft and then redeem them at Amazon, BestBuy, and hundreds of other popular retailers. Companies like Microsoft , and Green Man Gaming have recently started offering games and other apps for bitcoin. Others like this Minecraft server are actually using the bitcoin network to power their in-game currency! Download our mobile app for IOS or Android and take your bitcoins with you to any of these Bitcoin Restuarants . Or try a Coffee Shop, including this one in Prague that only accepts bitcoin ! You can pay for a hotel with Expedia , book a flight with CheapAir , or take a cruise with Ships & Trips Travel . Car dealerships are also getting into the swing of things, and while paying for fuel directly with bitcoin has Continue reading >>

The Best Way To Use Bitcoin - Wikihow

The Best Way To Use Bitcoin - Wikihow

Get some bitcoins with any of these methods: Buy small amounts of Bitcoin online. If you are buying under $2000 of Bitcoin or are new to crypto currencies try one of the combined wallet / bitcoin traders to get rolling. Examples include Coinbase and Xapo . These sites will allow you to buy a small amount of Bitcoin in exchange for an approximate 1% service charge. Like a bank, they will also store your bitcoin for you on their servers. Buy large amounts of Bitcoin via a trading exchange. If you are buying over $2000 of Bitcoin, you will want to take advantage of the lower commission rates offered on an exchange. These exchanges operate like a stock market with bid / ask spreads changing 24 hours a day. Creating an account at an exchange is a similar process to opening a new bank account, you will likely need to give them your real name, contact information and send them money. Different countries and currencies have different Bitcoin exchanges that are best to use in each geography: US Dollars to Bitcoin - Bitfinex , GDAX (owned by Coinbase) Chinese Yuan to Bitcoin - BTCC , Huobi or OKCoin Take money out of a Bitcoin ATMs. Many cities around the world offer a bitcoin ATM where you can trade cash for bitcoin. These ATMs usually charge a 5-8% fee for doing the trade. An up to date list of bitcoin ATMs can be found at CoinATMradar.com . Buy bitcoin from a live person offline. All over the world it's possible to give someone a wad of cash and have them load some bitcoins onto your phone. Please only trade small amounts of money till you trust your trading partner. See LocalBitcoins for an offline bitcoin dealer near you. Earn bitcoin. Look for other companies that are willing to hire people in exchange for bitcoin. Or open a store on OpenBazaar (the bitcoin version of eBay Continue reading >>

Sending Money? Why Not Do It With Bitcoin

Sending Money? Why Not Do It With Bitcoin

Sending Money? Why Not Do it with Bitcoin December 10, 20171:00 pmPublished by Alex Lielacher Conducting an international money transfer using your high street bank is not only costly but can also easily take up to five days or more. The commonly used alternatives to international bank transfers are large money transfer operators (MTOs) such as the Western Union or MoneyGram. However, the fees that money transfer operators charge on top of sub-optimal exchange rates are often worse than the fees that banks are charging. According to the World Bank, the average cost of remittances globally stood at 7.45 percent in March 2017. In other words, if you are sending GBP 500 to a family member abroad, they will on average only receive the local currency equivalent of GBP 462.75. The GBP 37.25 that the recipient loses out on can go a long way in many parts of the world and thats why new ways to send money abroad must be found. Fortunately, there is a new solution that alleviates high remittances costs, bitcoin. Bitcoin is a decentralized global digital currency that runs on a peer-to-peer network called the blockchain. Bitcoin enables users to buy goods and services online and in-store, wherever the cryptocurrency is accepted as a payment method. Bitcoin also allows users to send and receive money across borders without the need for an intermediary such as a bank or a money transfer operator who takes a cut out of the transaction. Sending bitcoin can sound complicated, but it really isnt. All you need is some bitcoin, a bitcoin wallet (where you store your bitcoin) and the bitcoin address you wish to send bitcoin to. There are different types of wallets such as mobile wallets, desktop wallets, online wallets, and hardware wallets. Mobile wallets that you can easily access on yo Continue reading >>

How To Pay With Bitcoin

How To Pay With Bitcoin

Bitcoin is secure money for the internet. You can pay without handing out sensitive financial information, and you don't need an account. First you'll need a bitcoin wallet an app that lets you receive, hold, and spend bitcoin. It is important that you use a true bitcoin wallet app that automatically calculates sufficient miner fees . These fees help to ensure timely confirmation for your transaction on the Bitcoin network. We recommend the open source BitPay bitcoin wallet app. It's a great option for paying BitPay invoices because it dynamically calculates sufficient miner fees. It also supports major advances in bitcoin security and ease of use. To learn more about bitcoin wallets, check out our Bitcoin Wallet Comparison , where we keep an updated list of options. Once you've set up your wallet app, you'll need to buy some bitcoin. Bitcoin exchanges are available all over the world, allowing users to convert any currency into and out of bitcoin. Every country and region is different, so you'll want to do some research before choosing an exchange. For individuals in the United States, the BitPay app provides a simple integration with Glidera , and Coinbase allowing users to buy bitcoin directly from the app. Making a bitcoin payment is fast, convenient, and extremely secure. To make a payment, you won't need to enter any sensitive card information. Instead, you'll simply send the payment from your wallet app using one of three methods: If your wallet is on a different mobile device, you can scan this code to open the payment in your wallet. Confirm everything is correct, and your wallet will make the payment. If your wallet is on the device you're using to view the invoice, you can open the payment in your wallet by tapping here. Confirm everything is correct, and yo Continue reading >>

How To Send Bitcoins

How To Send Bitcoins

Three Parts: Sending Bitcoins to Another User Setting Up Your Bitcoin Wallet Collecting Bitcoins to Use In a Transaction Community Q&A Bitcoins are a type of digital currency used in a peer-to-peer payment system. They are created as users record and verify payments for a transaction fee. However, bitcoins are not backed by gold or paper currency, and are therefore valueless unless you sell them, convert them to normal currency, or use them to buy a product or service. [1] Before you can conduct a transaction and send bitcoins to someone else, you'll need to choose and set up a Bitcoin wallet and accrue bitcoins by either receiving them from someone else, buying them , or mining for new bitcoins. Send money with a software wallet. Though the process of sending money with a software wallet may vary from one platform to another, the steps should follow the same basic procedure. It will generally be very similar to sending money through an online checking account. [2] Open your software wallet and click on the "Send" tab, or use the "Trade|Send Bitcoin" option under your wallet's menu. Type in the destination address for your intended recipient's wallet. You can type it by hand, copy and paste it from your system clipboard, or drag and drop the recipient's QR code. Choose a label so that you can track your bitcoin transaction. Type in the value you want transferred in the "BTC" box. Review the details to ensure that you have entered the correct information. Once completed, the transfer is not reversible. It can take around one hour for the transaction to be confirmed by the Bitcoin network, but you and the recipient will instantly be able to see that the transaction was completed. [3] Use a paper wallet to send bitcoins. If you're using a paper wallet, you'll need to acce Continue reading >>

How Do Bitcoin Transactions Work? - Coindesk

How Do Bitcoin Transactions Work? - Coindesk

Bitcoin transactions are sent from and to electronic bitcoin wallets , and are digitally signed for security. Everyone on the network knows about a transaction, and the history of a transaction can be traced back to the point where the bitcoins were produced. Holding onto bitcoins is great if you’re a speculator waiting for the price to go up, but the whole point of this currency is to spend it, right? So, when spending bitcoins, how do transactions work? There are no bitcoins, only records of bitcoin transactions Here’s the funny thing about bitcoins: they don’t exist anywhere, even on a hard drive. We talk about someone having bitcoins, but when you look at a particular bitcoin address, there are no digital bitcoins held in it, in the same way that you might hold pounds or dollars in a bank account. You cannot point to a physical object, or even a digital file, and say “this is a bitcoin”. Instead, there are only records of transactions between different addresses, with balances that increase and decrease. Every transaction that ever took place is stored in a vast public ledger called the block chain. If you want to work out the balance of any bitcoin address, the information isn’t held at that address; you must reconstruct it by looking at the blockchain. If Alice sends some bitcoins to Bob, that transaction will have three pieces of information: An input. This is a record of which bitcoin address was used to send the bitcoins to Alice in the first place (she received them from her friend, Eve). An amount. This is the amount of bitcoins that Alice is sending to Bob. An output. This is Bob's bitcoin address. To send bitcoins, you need two things: a bitcoin address and a private key. A bitcoin address is generated randomly, and is simply a sequence of lett Continue reading >>

How To Pay With Bitcoin Guide - Coinify

How To Pay With Bitcoin Guide - Coinify

Posted by Coinify on 30 November 2016 05:03 PM In order to start using Bitcoins as a payments method, you would first need to have a Bitcoin wallet. This can be understood as the bitcoin equivalent of a bank account. With a Bitcoin wallet you can receive bitcoin, store bitcoin, pay for an invoice with bitcoin, and send bitcoin to others. There are several options for you to choose from when creating your wallet: Desktop wallets, Mobile wallets, (to learn more about them please go to, Opening a Bitcoin wallet ) You also have to option of using a Web wallet such as Blockchain that you can access from both your mobile phone and computer. No matter what is the wallet you choose, the process is quite fast and easy. Simply follow the instructions and your new wallet will be ready to be used in no time. Once you have your wallet all set up, you will need to have some bitcoins in it. Bitcoins can be bought via credit card or bank transfer and Coinify offers this services through its Trade Platform . You simply need to provide a bitcoin address that is generated by your wallet and the bitcoins will be delivered to your wallet so that you can used them to buy anything you want later. If you want to know more about the process of buying bitcoins, please go to our Knowledgebase . Now you have some Bitcoins in your wallet and you are ready to spend them! Go the webshop you want to buy from and choose your product. Next, go to the checkout and choose Pay with Bitcoin or click on the Bitcoin logo. You will be provided with information about your order and the equivalent price in Bitcoins, plus a QR Code you need to scan with your wallet (in case you are using a wallet installed in your phone or tablet.) Open your wallet on your mobile device and scan the QR code. The code will turn g Continue reading >>

An Overloaded Network Has Led To Surging Bitcoin Transaction Fees - Business Insider

An Overloaded Network Has Led To Surging Bitcoin Transaction Fees - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Bitcoin use in the real world may have started with the purchase of a pair of pizzas , but you'd be unlikely to see it used for such a minor exchange today. That's because as bitcoin has soared in popularity it's become too expensive to use in small transactions. The problem came to a head in early December, when Steam, the popular downloadable video game store, announced it would stop accepting bitcoin payments for games, citing the currency's volatility and high transaction fees. Steam relied on a bitcoin payment system called BitPay. Among BitPay's other customers are Microsoft, online retailer NewEgg, and APMEX, which sells precious metals online. Business Insider checked in with BitPay communication manager James Walpole to find out why bitcoin transactions have become so costly. Here's what he had to say: Don't blame BitPay for high bitcoin transaction costs BitPay provides an application that lets merchants accept bitcoin as payment in exchange for goods. You might think that services like BitPay are to blame for bitcoin's high transaction costs. After all, BitPay's service, which lets merchants accept bitcoin as payment, is similar to a credit card processing service, and retailers are often complaining that credit card fees cut into their profits. But the fees charged by BitPay and similar companies represent only a small portion of the total cost of a typical bitcoin transaction. For its part, BitPay charges merchants a 1% processing fee per transaction. If a customer spends $10, BitPay keeps $0.10, while sending the vendor the remaining $9.90. That's the same fee charged by Bit Continue reading >>

Getting Started - Bitcoin

Getting Started - Bitcoin

Using Bitcoin to pay and get paid is easy and accessible to everyone. Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls. You can bring a Bitcoin wallet in your everyday life with your mobile or you can have a wallet only for online payments on your computer. In any case, choosing your wallet can be done in a minute. You can get Bitcoin by accepting it as a payment for goods and services. There are also several ways you can buy Bitcoin. There is a growing number of services and merchants accepting Bitcoin all over the world. You can use Bitcoin to pay them and rate your experience to help honest businesses to gain more visibility. Bitcoin does not require merchants to change their habits. However, Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls. You can process payments and invoices by yourself or you can use merchant services and deposit money in your local currency or bitcoins. Most point of sales businesses use a tablet or a mobile phone to let customers pay with their mobile phones. Merchants often deposit and display prices in their local currency. In other cases, Bitcoin works similarly to a foreign currency. To get appropriate guidance regarding tax compliance for your own jurisdiction, you should contact a qualified accountant. There is a growing number of users searching for ways to spend their bitcoins. You can submit your business in online directories to help them easily find you. You can also display the Bitcoin logo on your website or your brick and mortar business. Continue reading >>

How To Pay For A Bitcoin Invoice? Step-by-step Guide

How To Pay For A Bitcoin Invoice? Step-by-step Guide

How to Pay for a Bitcoin Invoice? Step-By-Step Guide Paying for a Bitcoin invoice is easy. Herewe walk you through the steps ofpaying for a CoinGate invoice: how to pay, what happens when you pay too little, too much, or too late. To pay a Bitcoin invoice, you will need a working Bitcoin wallet and some bitcoins to make the purchase. So, what should you do when you see a CoinGate invoice like the one below? How to pay a Bitcoin invoice from CoinGate? To complete the payment, you will have a time window of 15 minutes to 24 hours. The expiration time depends on the store you are buying from. For starters, open Electrum, and go to the Send tab. In the Amount field, enter the amount of bitcoins you want to send. Our advice is to copy the exact BTC value fromthe invoice. If your Bitcoin wallet only allows a certain amount of digits, then you should round the amount to the higher side to avoid underpaying. For the invoice above, if allowed 4 digits past the decimal, transfer 0.0090 BTC. In thePay to field, enter the Bitcoin address to which you want to send the payment. Always make sure that the Bitcoin address you are sending to is correct. There are four ways to get the invoice Bitcoin address into your wallet: manually select and copy the Bitcoin address from the CoinGate invoice to your wallet; (2) click the copy button, and paste the invoice Bitcoin address in your wallet; click on Pay with Bitcoinon the invoice; the button will open Electrum or another Software wallet with the correct invoice Bitcoin address and payment value already inserted in the required fields; scan the QR code with your mobile Bitcoin wallet or with Electrum. In Electrum and other wallets, you can also include a Description, which will later remind you what you paid for. We recommend leaving the Continue reading >>

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