How To Use Bitcoin To Make Purchases

If you decide to dabble in bitcoin it s important to know that you can lose money if the value drops.

How to use bitcoin to make purchases. Use the following steps for desktop and mobile bitcoin purchasing. Alternatively you could purchase gift cards using bitcoin from platforms such as bitrefill or gyft. Pay your phone internet and cable bills using bitcoin. Step 1 on the coinbase dashboard click the buy sell menu. Click max if you want to send the entire balance.

Complete the purchase process by creating an account and providing your payment details. If you re looking to use bitcoin as a payment method regularly a great way to start is with recurring bills. Then get a digital wallet on your phone or computer which is where you ll store your bitcoins. Tap the green buy button if you want to buy bitcoin cash bch or tap the orange buy button if you want to buy bitcoin btc. Buy gift cards with bitcoin and pay using gift cards.

To use bitcoin start by purchasing some bitcoins online through a trading exchange or using a bitcoin atm. Copy this text in its entirety and paste it into the send btc to address tab in localcryptos or into your personal bitcoin wallet if that s what you re using and select the amount of bitcoin you wish to send. The gift cards can then be used to make the purchase in store or online. Understand that it s still a very new technology and even the best futurists aren t sure what s going to happen with it. Now that you have a coinbase account you can start buying bitcoin on the platform.

Select service providers such as certain phone internet and cable providers are now taking payments in bitcoin. They enable users to pay for gift cards from retailers such as amazon bestbuy and starbucks using cryptocurrency. Step 3 select the payment method that you prefer.