Topic: Spending Bitcoins - page 4. (Read 101106 times)

majority of people do always hodl thier coins in the hopes of getting huge return sooner or later or whenever the value of the coin suddenly plumets and sky rockets. but your also right , we should also spend our coins because they are actually a curency and meant for spending aside from being an asset. hodling for too long wont make you happy because the value of the cryptos is always a up and down. you will only get tired of waiting and will soon loose your patience, that will result you to spend your coins.

For the moment I'm not interested in bitcoin spending, this is because the price and bitcoin rate is so cheap compared to what I bought some time ago, I'll be waiting for the right moment to sell bitcoin and maybe later this year.

In my country, I can't pay in bitcoin yet, but I think there is definitely a need for cross-border trade.

Actually they have some online stores accepting bitcoin but i do not know what it is, My friend told me that so ill trust him that have. Transferring your bitcoin into it is better also if you have some important thing you need the money.

Bitcoin technology is completely implemented in all the technologies even many people are not completely satisfied with bitcoin. Bitcoin prepaid is not an easy task implement because there will be lot of restriction from government.

if in my own country it is still rare that also use bitcoin as currency. so I can not use it also as a means of payment, let alone the determination of the government in my country has not agreed.

It's hard to find activities that accepts Bitcoin like other currencies, I mean physical activities and services. Online this should be already a normal way of payment, but with nearly everyday charges, it can be really a problem with only Bitcoin. We need a regulation about commerial services and to simplify payments

Good for you, you have that livingroomofsatoshi for payment, in my not much of a merchants that accepts bitcoin or altcoin paayment options, but in terms of liquidity i think the ICo's gives higher bitcoin liquidity than any other merchants,

the reason why I can not pay using bitcoin or other altcoin is because in my country bitcoin has not been approved, but it is also not prohibited, just neutral.
I hope someday bitcoin will be passed in my country, and all over the world

What ? How can that be ? In my experience, the price of Bitcoin is universal for all countries all around the world. But anyway, to answer the OP topic, I guess I cannot answer that because actually I never spend my Bitcoins. I just collect Bitcoin from my side jobs and not from my salary and my savings. My main job salary is for my family everyday needs such as food, electricity, transportation, and many more. I get Bitcoins from my side jobs and the Bitcoin that I get from it I invest all of it by saving it to my wallet. I plan to invest for several years so that I can get a lot of profit and I will only sell when my target has already fulfill.

If bitcoin price will become stable i think many people would want to use them as currency. Because of its volatility, people dont want to use their coin because it may grow in value in the next few months. There are already a lot of establishments accepting bitcoin. Kfc, amazon and many others following their lead. This is a good sign, a lot of atm scattered all over the world.

There are only limited areas who could access bitcoins, Some local people don't realize bitcoin due to lack of gadgets and even they hear the name bitcoin but they don't see useful things on it. Lack of information and government keeps silent about bitcoin because it is not legalized, and uncontrollable.

It just differents at all, bitcoin is much more secure and much more developed than fiat but still people do not believe in bitcoin because of its tech that too modern, many of them including government do not have thr power to chsnge fiat to bitcoin user since they can't control it to get some taxes.

Some people just prefer not to use their BTCs if they cash to pay for something. Why would you be spending a currency that one day will be worth a fortune.

Mostly In my country, I can use bitcoin as a payment. Maybe not directly but still it came from my bitcoin. Its like this way, when I see something online products or services that I want, then there are this option where you can use this wallet. Then after that, this local wallet is directly converted my bitcoin to fill the amount needed. And thats it, I already used my bitcoin in my online transactions. It doesn't matter if you use it directly or with other options. At this moment, bitcoin is already making ways to create new ways to use it as new payment scheme.

You also use bitcoin:
•   FIND A PLACE THAT ACCEPTS BITCOIN
As simple as this sounds, bitcoin is still not widely accepted by merchants, online or brick-and-mortar, in the world. You will have to seek out merchants who accept bitcoin and then hope they have what you’re looking for.

In addition to simply paying for a good or service, you could trying gambling or donating your bitcoin. Casinos have started permitting deposits using bitcoin, and the result has worked out relatively well so far, so this is expected to continue. Donations are possible for certain charities,

•  PAYING ONLINE
Merchants such as Microsoft, Overstock, Newegg, and Dell are probably the largest companies who work with bitcoin. The hope is Amazon will begin to accept it in the future, but for now this is a great start and opens up a lot of options for users looking to spend their bitcoin.

The biggest reason why these companies are willing to accept it is it is an appreciating good and there are lower fees than if a user buys something with a credit card. Credit card companies take a percentage cut which hurts the company in the long-run. In this sense, bitcoin is disrupting those companies as well.

In terms of large platforms, PayPal and Shopify both have an integrated bitcoin payment capability. This will have an even larger effect than the previously mentioned merchants accepting bitcoin because of the scalability of the use. It will allow a large percentage of merchants to accept the cryptocurrency with little to no work, and will therefore greatly increase the utility of bitcoin.


***Debit Cards and Prepaid Cards for Bitcoin
Here’s a quick list of debit cards you can use with cryptocurrency:

     - Shift Card (https://www.shiftpayments.com/card): This Visa card lets you connect to your Coinbase account to spend cryptocurrency online and offline.
      - CoinsBank (https://coinsbank.com/cards): This cryptocurrency exchange offers four different cards, each with different features and fees. The cards automatically convert Bitcoin into several different currencies, including US dollars and Great Britain pounds.
     - Xapo : This card connects your Xapo account to a card, which lets you pay in stores or online or get cash. It also comes with an app to help you keep track of your spending and current Bitcoin value.
     - Uquid (https://uquid.com/uquid-card): This card is for eligible users of a Uquid account. It works with GBP, EUR, and USD.
     - Cryptopay.me (https://cryptopay.me/bitcoin-debit-card): This is a prepaid card with low commission fees. It comes with both a plastic and a virtual version, so you can choose whichever works best for your current needs. Again, this card works with GBP, USD, and EUR.
     - Coinizy (https://www.coinizy.com/): This is a virtual Visa card you can use with PayPal or to pay directly online. You purchase the card, and then use Bitcoins to load it.
     - SpectroCoin (https://spectrocoin.com/en/bitcoin-debit-card.html): This prepaid card lets you cash in Bitcoins at any ATM worldwide. You can also use it like a debit card. Cards can be used in USD, EUR, or GBP.
     - Bitpay (https://bitpay.com/card/): This Visa-branded card lets you load your bitcoins from your virtual wallet. You can then withdraw cash or use the card at retailer stores.
     - Wirex (https://wirexapp.com/): This card has a robust online banking app specifically for bitcoin. It lets you store your bitcoin in a digital wallet and then use the card to spend it as dollars.
     - Bitstamp (https://www.bitstamp.net/article/bitstamp-new-usd-eur-gbp-denominated-debit-card/): This is another virtual wallet option that also offers a plastic prepaid debit card that you can fund with bitcoin.
     - TenX (http://www.tenx.tech/): This is another virtual wallet that allows you to spend Bitcoin in real life, as well.
     - SatoshiTango (https://www.satoshitango.com/): This car lets you buy bitcoins and then transfer then onto a debit card.

Hope that some information above will useful for you

Bitcoin is breaking walls, now we can buy anything anywhere all we need is the debit card of bitcoin, so we do pay the company does make the exchange to the merchant and our balance will be deducted in bitcoins so there just a short space till we can buy directly anything with our bitcoin, online there are plenty things you can purchase already.

Don't loss that hope, time is moving fast and we are going to the digital age.
Eventually your government will realize that they need to adopt so they will not be left behind, those countries which are adopting the new
technology improves their economy so they have to be open minded.

The first is of course bitcoin its existence has not obtained permission in my country and in added statements, the government in my country which prohibits bitcoin for the means of payment and this is one reason i can not use bitcoin for everyday expenses eg pay bills.

In my country Bitcoin not yet accepted by consumers but last week, I was able to buy a Mobile Phone using Bitcoin. Yes, you heard right. A local shop offering handset online, I called them and ask if they accept Bitcoin, they agreed with a 5% extra cost. I have tested it, it was a personal transaction since they don't have any official payment app. I did the transaction while I was at the shop.