Bitcoins are a type of digital currency that is created and stored online. There isn’t any kind of printed document such as paper money that all of us are accustomed to using in our daily lives. They are produced online by individuals and businesses using certain software that indicates the number of bitcoins that you own. Everything is based on a mathematical system and there isn’t any central agency that controls the bitcoins. They get transferred electronically, which means the transaction fees are very low.
Bitcoins offers some great advantages to buying and selling products online.
Bitcoins get processed a lot more quickly compared to banking transactions and aren’t held up for days at a time in some kind of escrow account. This allows you to have a much more secure and faster shopping experience.
A small transaction fee is charged to use bitcoins, however it is often free. The fees should be listed up front so you will always know the amount you will need to spend.
Transactions are all processed securely so you won’t ever need to enter any of your personal information the way you do with credit card transactions.
The only thing you need to do when you use bitcoins is get your account wallet set up and purchase some bitcoins either from somebody else directly or from the exchange. Your bitcoins will then be stored inside a virtual wallet which you will be able to access easily.
After your wallet is set up and stocked with bitcoins, you can go shopping. Numerous merchants accept bitcoins and more are adding it every day. Many eCommerce sites use it, but recently many brick and mortar stores have started to use bitcoins also, including some very well known stores like Home Depot, Dell and even major department stores like Sears. In terms of shopping in a really secure way, Bitcoins are definitely the currency of the future.
It is very easy finding merchants that accept bitcoins as a form of payment. You just need to look online for aggregator sites. There are also marketplaces where bitcoins are used.
The following are a couple of ways that your bitcoins can be used to help you get started with using them to shop online.
Purchase services and physical products.
Shop at eCommerce sites (e.g. coinbox.biz)
Use your bitcoins to buy a wide variety of products at eCommerce sites.
Make online purchases with your bitcoins for Windows phones, Xbox equipment, apps, video games, videos and more.
Dell also accepts bitcoins. They even have an introductory offer of ten percent off on their higher end Alienware computers.
You can use bitcoins to buy anything ranging from furniture to jewelry. Overstock even accepts them. More stores that accept bitcoins keep being added every day.
You can purchase computers and software using bitcoins at Newegg, which is one of the retail giants.
Tiger Direct also accept bitcoins for their products.
Some major airlines such as Air Lituanica and Air Baltic accept bitcoins for many ticket purchases. The online booking site Cheapair.com accepts bitcoin payments.
Those are just a few companies that accept bitcoins to pay for purchases, but more are being added every day.
If bitcoins aren’t accepted by a company, many let you use your bitcoins to buy gift cards. You can then use the gift card to make your purchases from the company. Many major retailers allow you to purchase their gift cards using bitcoins, including Walmart, Target, Nike and Amazon.
Bitcoins clearly have tremendous value both online and offline. You can purchase practically anything using your bitcoins. You also don’t have to provide any of your personal or private information. Using your bitcoins is very easy and fast. You will really appreciate how secure this method of shopping is using bitcoins. You will discover that every that you want is at your fingertips.