What is Bitcoin?-According to Wikipedia Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
How does it works?-Based on bitcoin.org Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Here are the questions that this topic will answer:
- How can I use it?
- Can I buy things with it?
- Are there any stores that accept it?
- How many countries accept bitcoin as payment?
There is a survey that shows what is the most popular payment method and it's kinda interesting because I saw that someone uses Cryptocurrency as a method of payment. The Kaspersky Lab Global IT Security Risks Survey 2018 is a study into the state of consumer attitudes towards their money and financial security online.
Kaspersky surveyed 12,448 consumers in 22 different countries.
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We all know that there is someone that uses bitcoin to buy a pizza but it's not direct and uses third party to order the pizza but now just look where the crypto has come, we can now buy stuffs with cryptocurrency that we have but mostly they only accept bitcoin.
Bitcoin is very easy to use and for me, it's very accessible and easy to buy but it's costly
- Set Up your Bitcoin Wallet- This is where we should store the bitcoin, but there are many types so choose an appropriate wallet.
- Purchase and Transfer Bitcoin to your Wallet-There are some wallets that you can convert cash directly which is very convenient, and there are exchanges where you can trade bitcoin.
- Trade using your wallet- And lastly you can use and transfer the bitcoin in your wallet.
Bitcoin as a method of PaymentPros-User identity protection
-No third-party intervention
-Low transaction fees, compared to other payment methods which are 2% or 3%.
-Quick and safe international payments
-Lower fraud risks for buyers, because there is signature verification in bitcoin and it's a direct peer to peer transaction.
-It's very accessible and very easy to use especially when using a mobile wallet.
Cons-Susceptible to High Price Volatility
-No Chargebacks or Refunds
What can I purchase with Bitcoin and where?There are hundreds and thousands of stores and retailers from around the world that accepts bitcoin as a payment and there are sites that help you and allows you to purchase different products with it. or the Bitcoin Products Search Engine.
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Spendabit (
https://spendabit.co/)
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Spendbitcoins (
http://spendbitcoins.com/)
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Overstock(
https://www.overstock.com/)
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Microsoft(
https://support.microsoft.com/en-in/help/13942/microsoft-account-how-to-use-bitcoin-to-add-money-to-your-account)
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egifter(
https://www.egifter.com/bitcoin/?sscid=31k3_f587s)
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spending-bitcoin(
https://spending-bitcoin.com/)
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Vultr(
https://www.vultr.com/)
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Blocknance(
https://blockchain.com.do/)
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More list
https://www.cheapair.com/
https://steadyturtle.com/
https://www.savethechildren.org/us/more-ways-to-help/ways-to-give/ways-to-help
https://www.openbazaar.org/![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fvn94L39.png&t=665&c=gHMqPlJuQuuHHQ)
newegg.com
https://www.gyft.com/
https://www.grayandsons.com/bitcoin
https://www.expedia.com/
https://www.bitrefill.com/
http://bitgigs.com/
https://www.bitdials.eu/
https://www.alza.sk/EN/![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FqjuHBnk.png%3F1&t=665&c=3J_U6ooAOl9-lQ)
-How many countries accept bitcoin as payment?-
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbwOOJGZ.png%3F1&t=665&c=ZE1DFptdUoT8_Q)
Coinmap shows the availability of the stores that accept bitcoin in every country we can see Europe and America has the most stores that accept bitcoin.
How can I pay with Bitcoin?-Online Purchase
-Peer to Peer Purchase
-Point of Sale purchase using Bitcoin Visa Prepaid Card
-Qr Code
https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/what-to-buy-with-bitcoin-and-how-to-pay-with-btc/https://coinmap.org/#featureshttps://bitcoin.org/en/https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/what-to-buy-with-bitcoin-and-how-to-pay-with-btc/https://en.wikipedia.org/wiki/Bitcoinhttps://www.moneycrashers.com/bitcoin-history-how-it-works-pros-cons/