Overstock.com is now accepting Bitcoin - The Verge

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Spending cryptocurrency in real life

Spending cryptocurrency in real life

https://preview.redd.it/wdqni0y8s0341.jpg?width=900&format=pjpg&auto=webp&s=559305cbc911c17b0b4212cf34077649aaeff03b
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/extumj1as0341.jpg?width=1600&format=pjpg&auto=webp&s=0baec13d233184d8120339430294bcb3ef864b5d
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/zl82bhdbs0341.jpg?width=850&format=pjpg&auto=webp&s=ee97f03bb8499a2f82461a4c7a2f8edf32e3a5a4
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/hf0wsbgcs0341.jpg?width=1200&format=pjpg&auto=webp&s=223bf8720c1f36bc8fac9f18ea2e75fbb4758a3a
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/pzrux2ods0341.jpg?width=1159&format=pjpg&auto=webp&s=bed3fe83683076395fed7813c2cd57f5d76a5caa
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to Particl [link] [comments]

Spending cryptocurrency in real life

Spending cryptocurrency in real life

https://preview.redd.it/g7tehbcqr0341.jpg?width=900&format=pjpg&auto=webp&s=fe80fbf90193be89c116cdb30ee460ea298d5f9e
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/nt581mjrr0341.jpg?width=1600&format=pjpg&auto=webp&s=7e64c4f95c902fd7c05d8b06e2a3622dc69335cd
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/h9vkgaqsr0341.jpg?width=850&format=pjpg&auto=webp&s=e6cbc946e6e9504a01554bc3924fdf453da438d6
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/30y8m9dur0341.jpg?width=1200&format=pjpg&auto=webp&s=f262509d6389339d1c919932279c124a41be6623
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/cvldgmivr0341.jpg?width=1159&format=pjpg&auto=webp&s=4e6044aeddd1fb7baa7baa01e6efc7e7c9d0a403
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to CryptoCurrencies [link] [comments]

Spending cryptocurrency in real life

Spending cryptocurrency in real life

https://preview.redd.it/dtnnh69g8u241.jpg?width=900&format=pjpg&auto=webp&s=063838691c5dad1a75139b97f001de8c4aacb101
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/a4t5engh8u241.jpg?width=1600&format=pjpg&auto=webp&s=06842c65b7327dab71952397a6371c289441dc6b
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/g0ur5lfj8u241.jpg?width=850&format=pjpg&auto=webp&s=0c8430fe184f1ef5dadda9facb0f664a32bc7a72
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/txycsugk8u241.jpg?width=1200&format=pjpg&auto=webp&s=6ac9faec7deb0b6fa5bd52128debbe96643f65ad
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/kbfcdnml8u241.jpg?width=1159&format=pjpg&auto=webp&s=624e7910029a25cbebbb2ef53bb3d05c2ee0ce02
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to ethereumnoobies [link] [comments]

Spending cryptocurrency in real life

Spending cryptocurrency in real life

https://preview.redd.it/vub9kkc3bu241.jpg?width=900&format=pjpg&auto=webp&s=6ce5318173bae6642128286945be9a2ea3e70e4e
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/kh52an84bu241.jpg?width=1600&format=pjpg&auto=webp&s=5fa8c9e22ee33cc26da9716f5191289c6e098de6
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/xt8s4325bu241.jpg?width=850&format=pjpg&auto=webp&s=184c213da750bc440a3cffe7d3f53b8e8d34bdcd
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/u8lg56h6bu241.jpg?width=1200&format=pjpg&auto=webp&s=89718777989c2cd93a4a0f4c988b6469b77316bb
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/lgekkrp7bu241.jpg?width=1159&format=pjpg&auto=webp&s=4b9314cd999f0e2346475b13b0b7f19be649a8cc
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to ethtrader [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
Some great introductions for new users are My first bitcoin, Bitcoin explained and ELI5 Bitcoin. Also, the following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Also have to give mention to Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Bitcoin statistics can be found here, here and here. Developer resources can be found here, here and here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements here. Scaling resources here. The number of times Bitcoin was declared dead by the media can be found here (LOL!), and of course Satoshi Nakamoto's whitepaper that started it all! :)
Key properties of bitcoin

Where can I buy bitcoins?

Bitcoin.org, BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Gemini Bitstamp LocalBitcoins
Bitstamp Bitit Mycelium LocalTrader
BitFinex Cex.io LibertyX
Cex.io CoinMama WallofCoins
Xapo Spectrocoin BitcoinOTC
Kraken Luno BitQuick
itBit
HitBTC
Bitit
Bisq (decentralized)
Luno
Spectrocoin
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Samouari BreadWallet Electrum
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for some good options, some of the more commons ones are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, Overstock, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Hyphen.to, Coinsfer, More #1, #2 Bill payment
Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Streamium.io, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream, Rootstock and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Spending cryptocurrency in real life


https://preview.redd.it/40tl05q99u241.jpg?width=900&format=pjpg&auto=webp&s=86afe6aaa82da48496d39301b7219512222b03dc
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/0wpdgu6b9u241.jpg?width=1600&format=pjpg&auto=webp&s=8069e1e22561dbae313f74b9113fbec5ec0401a3
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/ub6bfrac9u241.jpg?width=850&format=pjpg&auto=webp&s=e5e28d0032030d488e62f0dd9d586a476f67fa45
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/2oltbpcd9u241.jpg?width=1200&format=pjpg&auto=webp&s=b9adebb7e37dccb00965c3f51e4dd1ae9df35513
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/iux2tbde9u241.jpg?width=1159&format=pjpg&auto=webp&s=50407e08f388b77c952f1068ba412c67d4d73ebd
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to Crypto_General [link] [comments]

Spending cryptocurrency in real life

Spending cryptocurrency in real life

https://preview.redd.it/k8a64o2bt0341.jpg?width=900&format=pjpg&auto=webp&s=bb3846c50e83d7171b76b4a5d1ed9655d744e4e0
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/yde5cqxbt0341.jpg?width=1600&format=pjpg&auto=webp&s=d348935ca289b7dc29396d6f8ce509b414628485
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/2z12yw3dt0341.jpg?width=850&format=pjpg&auto=webp&s=83074b41a0c56bff9c7072adb1a2a07516e06b7a
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/i5ywojiet0341.jpg?width=1200&format=pjpg&auto=webp&s=f17be04f8f969d1cef45b9f7777674fffc7d5aa5
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/1yni3oqft0341.jpg?width=1159&format=pjpg&auto=webp&s=53441acab6c4dae058b843cbf2af72d235956bba
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to CryptoCluster [link] [comments]

Spending cryptocurrency in real life

Spending cryptocurrency in real life

https://preview.redd.it/ldufepyb7u241.jpg?width=900&format=pjpg&auto=webp&s=a947e0548bf60f2d8b4b28c78396cc05c76c947f
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/uwt5lizd7u241.jpg?width=1600&format=pjpg&auto=webp&s=c9402c38d644285dddb4fff74e632bd5ff343535
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/46i871vf7u241.jpg?width=850&format=pjpg&auto=webp&s=df823350823da758f53a0bcb4577402efb2a4d80
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/7fuygybi7u241.jpg?width=1200&format=pjpg&auto=webp&s=761765a3e3fefc2343d4031891ef20c6603204e3
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/oz5wk3dk7u241.jpg?width=1159&format=pjpg&auto=webp&s=bc7cd5b3e99c28e64edb0f4e82c42c6cf0ea4def
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to CryptoBeginners [link] [comments]

Spending cryptocurrency in real life

Spending cryptocurrency in real life

https://preview.redd.it/xbhapukss0341.jpg?width=900&format=pjpg&auto=webp&s=d2e333ecc3050402af5671e3263d262b95c9d1f7
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/p6p2mn7us0341.jpg?width=1600&format=pjpg&auto=webp&s=b2f9d66ef51481af16a5a6db251f6f3e1efdb31b
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/rl4btlmvs0341.jpg?width=850&format=pjpg&auto=webp&s=d3dc04470015e5db19de68c0a7ceb97a20fa5fa0
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/c9zrdusws0341.jpg?width=1200&format=pjpg&auto=webp&s=da76fcd436c04fbd38324bd4a60f5844ed3c2e66
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/xzq1tf4ys0341.jpg?width=1159&format=pjpg&auto=webp&s=28ab30982d35919653307870b20f2bdf8deff02f
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to ethdev [link] [comments]

Cryptocurrency News: 5 Benefits of Crypto Payments

The demand from consumers is increasing as the benefits of digitally native payments are becoming more apparent. Crypto can save both customers and businesses money and time and can also increase the security of transactions.

Crypto payments may not be mainstream yet, but more and more businesses are responding to the growing trend and are now accepting crypto payments either directly or indirectly through a third party.

For example, online retailer Overstock accepts crypto payments directly from any customer, around the globe instantly.

Overstock: Benefits of Bitcoin Purchases
Overstock was one of the first major retailers to accept Bitcoin in 2014 and has continued to make a name for itself in the crypto space launching its own blockchain based capital markets solution, tZero. Others such as Microsoft, Dish, and Shopify have followed, accepting crypto payments in exchange for their goods and services.

Keep reading to learn how crypto payments offer benefits above fiat from the analysis of https://www.m8x.com/

For Customers...

Less Fees
Banks make a lot of money off of your money. They charge fees for a variety of services like credit cards, savings accounts, ATM deposits and withdrawals, and more.

Managing your funds in a crypto wallet versus a bank offers significant savings. In most cases, opening and holding a crypto wallet, unless one chooses to purchase a hardware crypto wallet or prepaid card, and using it for crypto payments is completely free. Of course, this largely means that maintaining custody and responsibility of your crypto (through keys, seeds, hardware, or otherwise) is almost entirely up to you.

Owned Data
Financial institutions and retailers collect and retain a wide range of customer’s personal and financial information. Your bank tracks anything from your name, address and social security number to your net worth, investments, account balances, and credit score. On the other side of the transaction, retailers are collecting your browsing and purchasing history as well as your basic personal information.

With crypto, the only data needed to process payments is two strings of numbers – the customer’s address and the recipient's address. Of course, crypto transactions aren't completely anonymous because most blockchains are public, and personal information like your name and address are often still collected by retailers. Despite this, crypto transactions collect and retain significantly less personal information than standard credit card transactions.

The fewer intermediaries involved in a transaction, the fewer opportunities there are for your data to be commercialized. Not to mention, by making transactions peer-to-peer, business yield more profit and are less pressured to gain revenue through sales of customer data.

Borderless Payments
Crypto assets are borderless by nature. Bitcoin, for example, isn’t owned by a centralized body or issued by a single country. It’s decentralized which means it’s also global. Crypto payments can instantly cross borders with minimal fees and without the need for an intermediary like a remittance business or a bank. All that’s needed to process an international payment is an internet connection and a device like a cell phone or laptop.

Removing the third party from the equation opens the doors for millions of people around the globe without access to banks (“the unbanked”), giving them access to the global economy. The opportunity for crypto payment adoption in places like Nigeria where an estimated 100 million people have access to the internet, mostly through mobile devices, but only 31 million hold bank accounts, is huge.

For Businesses...

No Charge Backs
The current electronic payment system forces businesses to take a substantial risk when processing payments. When you purchase something with a credit card, you’ll often see your transaction as pending on your statement. That’s because your payment isn’t actually as instant as it appears. It has to travel between a customer, two banks, then finally, to the merchant.

The lack of speed and the need for multiple parties gives customers the chance to take an item only to cancel their payment before it’s processed, leaving the business high and dry. With a crypto payments, it can't be reversed once it is processed. It’s instant and permanent, which means companies don’t have to worry about chargebacks.

Loyal Customers
CheapAir – an American online travel agency – has reportedly processed more than $5 million in Bitcoin payments since 2013. The CEO of CheapAir Jeff Klee told Forbes that he likes "customers who pay in crypto because they are loyal." He also noted that they’re more likely to “buy higher ticket items.”

Many crypto users are seeking out businesses that accept crypto and are likely to be loyal to those who do. Not to mention, studies predict crypto assets could be used as a mainstream means of payment in the next decade. Businesses that get ahead of the curve will likely reap the benefits of mass adoption.

While crypto payments have a long way to go both in terms of adoption and scalability, the benefits to both businesses and customers are significant enough to radically improve the way transactions are conducted globally.
submitted by Magdaleny to m8xcom [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer / Credit card Cash
Coinbase LocalBitcoins
Gemini LibertyX
GDAX Mycelium LocalTrader
Poloniex BitQuick
Bitstamp WallofCoins
Kraken BitcoinOTC
Xapo
SnapCard
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Wagepoint, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Additional Bitcoin statistics can be found here. Developer resources can be found here and here. Peer-reviewed research papers can be found here and here. And of course, the whitepaper that started it all :)

Where can I buy bitcoins?

You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, more can be found here.
Here is a listing of local ATMs. Also, Lawnmower is also a handy way to make small recurring purchases of bitcoin. If you would like your paycheck auotmatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Here are a couple useful sites (bitkoin.io, preev.com) that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "be your own bank" and personally secure your bitcoins OR you can use third party companies aka "bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Comprehensive lists can be found at the Trade FAQ or The Bitcoin Directory, some more commons ones are below.
Store Product
Steam, Disco Melee, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch and BazaarBay Retail shopping with millions of results
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
NewEgg, TigerDirect and Dell For all your electronic needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LRoS, Wagepoint, Hyphen.to Bill payment
Foodler and Takeaway Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege and 9flats For when you need to get away
BoltVM VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker to allow users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Tipping

Use ChangeTip.com (/changetip) for tipping people on Facebook, Reddit, Twitter, YouTube, Tumblr, Google+, GitHub, Slack and more! (you can even use custom monikers to tailor your tip to the discussion or add a bit of humor). Read more about ChangeTip at their reddit wiki.

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

HASH OCEAN BITCOIN CLOUD MINING 2016 - YouTube Bitcoin for the cloud top Bitcoin mining companies by khoa hoc CC Vendor  B. ATM card Dumps With Pins  bitcoin instant reflection HASHFLARE: The Most Legit Cloud Mining Service July 17, 2020

Overstock would be the complete outlier here – while the company is a retailer, the business got involved in cryptocurrencies in very early days (they were one of the first to accept Bitcoin Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. Overstock.com’s long-awaited tZERO security token trading platform will go live by the end of next week, CEO Patrick Byrne said Friday. Byrne told CoinDesk the company is “ready to hit the button and go live today,” but was waiting a few more days to process user signups. OSTK | Complete Overstock.com Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview. On the first day, Overstock.com transacted 700 sales ($130,000) in bitcoin, and as of January 29 th had recorded $600,000 of sales with 3000 customers, many of whom were new to Overstock.com. What Does the Future Hold for Bitcoin?

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HASH OCEAN BITCOIN CLOUD MINING 2016 - YouTube

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