Bit Coin

Where to Spend your Bitcoins

Due to today’s need for physical currency for physical goods, the early days of Bitcoin were in a stretch. Unless someone is planning on shopping online, it is quite hard for society to accept that such a currency can actually be used. Now, there are various places to spend your Bitcoins. Here are some.

Snapcard

First on our list is Snapcard, a website created for paying online with your Bitcoins. Your wallet will be connected here and in a flash, your bitcoins can be sent to pay for that item that you want. Using Snapcard, you will be able to turn any online payment into a bitcoin purchase.

Overstock

Did you say shopping? Overstock has hundreds of items on sale for all shopaholics. Of course, you can also use your Bitcoins to pay for your shopping. This was the first major business to apply Bitcoin for online payments. Shopping, shopping and shopping!

Newegg and Tiger Direct

For all those technology geeks out there, these are two of the must-see websites for you. From computer parts to gadgets, they have everything. After shopping for that newest gadget that you wanted, as well as that one part that you need to make your laptop good as new, you may as well pay using your Bitcoin wallet. It’s easier and faster, what more are you looking for?

Gyft

Is your special someone having a birthday soon? Are you looking for that perfect gift for them? Look no further, here comes Gyft! They have digital eCards and even eGifts, all for the happiness of that someone. They’d surely be happy, knowing that you’re giving it everything you’ve got. You don’t need to have a credit card, just pay it using your Bitcoin wallet, and you’re done.

Expedia

Do you want to travel? Are you planning to spend that holiday elsewhere? Here’s the right place! Expedia enables you to book your flight, choose your desired departure and arrival, and find a hotel near your airport, all in one website. Everything you need when you travel is right here. Just open your bitcoin wallet and you’re good to go!

King’s College

Are you looking for a place for your children to study? According to New York Times, King’s College will be accepting tuition fees in Bitcoin. King’s College is located in London and is an accredited university.

Lurings

Are you an earring fanatic? Well, you’re in luck because Lurings now accepts Bitcoins for payment of your chosen earrings. Lurings features earrings of all shapes and sizes, perfect for your earring craving. Pay your desired earrings using your Bitcoin wallet and it’s done.

Charity

Not everything should be spent on shopping, right? There is always the option of donation. You can always donate on your local charity using your Bitcoins. You could convert them back to your local currency then donate, or just donate them directly as Bitcoins. There are online charity services that accept Bitcoins, such as BitGiveFoundation.

These are not the only places where you can spend your Bitcoins. There are hundreds of other stores that accept Bitcoin purchases. You only need to know what you want, and finding the right store would be easy.

Bitcoin – Things You Must KnowAnd Everything In Between

Up until recently, Bitcoin has been an often used word. But what exactly is bitcoin? Is it safe to use?

Bitcoin is a special type of currency used today by business owners and buyers alike during transaction. Instead of using credit cards and cash, you may now payusing an application from your phone, online or offline.

What are the advantages of using Bitcoin?

One of the benefits of using bitcoin is its efficiency. Bitcoin payment only consists of two steps: One, scan. Two, pay. Every transaction you make is secured by a special databasespecifically designed for bitcoin transactions. Once a transaction has been made with a particular bitcoin, no other purchases will be done with the same code of that previous transaction. One of the strengths of bitcoin is that it is harder to be used without the owner’s consent. It can be used anytime and anywhere, and transactions across different places, even countries can be made in a matter of minutes, as you will no longer have the need to go to banks or third party providers. The fee is also much smaller as compared to credit card use, and the higher the amount of the transaction, the lesser fee it will incur.

You heard that Bitcoin may be a form of investment, is this true?

Bitcoin is a relatively new digital currency, and as with all investments, may require careful consideration as its main key is also digital. Once the digital key is misplaced, there is no way in which the bitcoins can be used. The exchange rate also varies from time to time, and fluctuates on a continuous manner. One should always understand the risk of placingtheir money into Bitcoins.Investors must understand that Bitcoins is a new concept as compared to several investment tools out in the market today. Though it is gaining popularity among the masses, know that once bitcoin currency has become more stabilized investing on it may be a sure recommendation. However, in the meantime, it is best to invest money that you cannot afford to lose and have a viable exit plan once higher risks and losses are involved.

How can I start using Bitcoin?

They say a bit of knowledge is a dangerous thing. Thus, make sure that you are informed about Bitcoin and how it exactly works. Next, choose the “wallet” that you will be using. Your wallet will act as storage for all your credentials with the use of the bitcoin system. You may now get bitcoins by accepting them as a payment or buying them from someone. You may also spend you bitcoins accordingly, as they are now widely accepted worldwide.

What else do I need to know about Bitcoin?

Privacy and security are the number one priority. Make sure that you take good care of securing your wallet. It is also advisable to back up any information on a secured system. Keep in mind that Bitcoin prices fluctuate. It is considered a high risk form of investment. Thus, savings that will be used for more important expenses should not be kept at Bitcoin. Also remember that transactions using this currency are irreversible. Once done, they can only be refunded by the receiver. Make sure that transactions are done with reputable companies and business owners.