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Author Topic: How Practical is Bitcoin As Payment Service?  (Read 1798 times)
fritzwalter195
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July 03, 2018, 01:46:22 PM
 #61

not so practical these days, but might become more practical little by little.
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cryptostream209
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July 03, 2018, 01:46:57 PM
 #62

i am new here and i came to ask fellow users about how practical bitcoin as payment method is? i paid for domain on namecheap via bitpay and it was okishh experience. I mean how much i can use bitcoin to pay online for shopping,services and goods?
Unfortunately bitpay becomes a bad experience for people who use third party wallets or online wallets. Their payments are made through special links which are not supported by most of the wallets.
How much you can spend using bitcoin depends on you. But you should be asking how many people out there are accepting bitcoin/cryptocurrencies as payments. The answer is actually very few. Price instability is one the reasons why they are not willing to accept crypto currencies. Just look at steam. They used to accept bitcoin and now they don't.
Exactly bitpay asked me to use jaxx wallet which i had no idea so i had to research a bit and install on phone and transfer btc to jaxx wallet and then pay with phone scanning but when you become familiar it become easy
Ayston
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July 03, 2018, 02:04:02 PM
 #63

Bitcoin as payment for service is practical between Bitcoiners and crypto enthusiast well when we seek for workers for a certain purpose or project it is better to pay in Bitcoin rather than money, this way practicality is practice as well.
RasicaOla12
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July 03, 2018, 02:05:00 PM
 #64

The Australian government has announced plans to test blockchain technology in providing social security payments to people. Wishing to digitize and automate public services it practical is Bitcoin As payment service of us
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July 03, 2018, 02:10:01 PM
 #65

I think it will be very easy to be able to pay with bitcoin wherever you go or buying whatever you want with it. I hope soon it will be a universal payment method

Coleth
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July 03, 2018, 02:11:07 PM
 #66

Very practical because you will just pay digitally without going out and falling in lines. Less stress, less energy, less time consuming.
Btcnaivie
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July 03, 2018, 02:22:22 PM
 #67

i am new here and i came to ask fellow users about how practical bitcoin as payment method is? i paid for domain on namecheap via bitpay and it was okishh experience. I mean how much i can use bitcoin to pay online for shopping,services and goods?

As long as stores accepted bitcoin you can use it. Bitcoin is different system from the bitpay. Bitcoin is much easier than bitpay. You can definitely use Bitcoin exclusively for pretty much everything for as long as you find a good merchant that accepts it. It's probably not as practical as other traditional options for daily use.

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genuin
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July 03, 2018, 02:28:35 PM
 #68

you can use as much as possible in making payments via bitcoin.
I prefer payment via bitcoin to electronics like smartphones to minco bitcoin payouts  Wink
this is my opinion, you may give another opinion, because every use is different
virendarnagpal
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July 03, 2018, 02:33:48 PM
 #69

If one is having knowledge about bitcoin and internet usage, is at least having an electronic gadget to transact; electricity for recharge etc.  only then it is practical.  So mostly in advanced countries people are often using crypto for transactions.  It is practical for them.
But the people who are still uneducated will not be able to operate and transact.  Poor people in third world countries are unable to buy gadgets.  So it is not practical for them.

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tegarp90
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July 03, 2018, 02:36:55 PM
 #70

i am new here and i came to ask fellow users about how practical bitcoin as payment method is? i paid for domain on namecheap via bitpay and it was okishh experience. I mean how much i can use bitcoin to pay online for shopping,services and goods?

It's practice enough but the transaction speed sometimes is not stable, sometimes it's really fast but sometimes it has a traffic.
Also the transaction fee is too high so it's not qualified enough to pay online for shopping or etc

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shashkova
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July 05, 2018, 07:32:39 AM
 #71

it's not that practical now since the value is not yet stable.
cryptostream209
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July 05, 2018, 11:07:29 AM
 #72

you can use as much as possible in making payments via bitcoin.
I prefer payment via bitcoin to electronics like smartphones to minco bitcoin payouts  Wink
this is my opinion, you may give another opinion, because every use is different
i have researched and i agree you can almost find anything to purchase with bitcoin but biggest drawback is, it will be lot expensive then usual
Eureka_07
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July 05, 2018, 11:33:08 PM
 #73

i am new here and i came to ask fellow users about how practical bitcoin as payment method is? i paid for domain on namecheap via bitpay and it was okishh experience. I mean how much i can use bitcoin to pay online for shopping,services and goods?

Practical for me is being efficient. There are some stores here in our country that accepts bitcoin as a payment. Bitcoin as a payment method is really practical because it is through online and it will give you faster and safer transactions if you will compare to other payment methods.

harizen
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July 05, 2018, 11:45:02 PM
 #74

i am new here and i came to ask fellow users about how practical bitcoin as payment method is? i paid for domain on namecheap via bitpay and it was okishh experience. I mean how much i can use bitcoin to pay online for shopping,services and goods?

For physical transactions, just imagine the less hassle way of payment and no need to worry to bring fiat cash on hand.

For online transactions, just refer to your experience on Bitpay and that's it.

How much you can use for online shopping? Just like a normal online shopping, prices were still the same. It's just that it's way more convenient to pay in bitcoin for an obvious reason that it was less hassle. Yours to try and see for yourself the real deal.

IndigoRed
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July 05, 2018, 11:45:55 PM
 #75

Very practical because you will just pay digitally without going out and falling in lines. Less stress, less energy, less time consuming.


Same thoughts here. Plus, what is practical to one person can be the opposite for another. It depends on your needs. If you're into a mode of payment that is future-oriented, something that eliminates from these institutions the mishandling of documents and records, the dishonesty, lack of trust of employees as well as the lack of reliability, then bitcoin as a virtual currency can be practical.
Jayleon
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July 05, 2018, 11:54:58 PM
 #76

i am new here and i came to ask fellow users about how practical bitcoin as payment method is? i paid for domain on namecheap via bitpay and it was okishh experience. I mean how much i can use bitcoin to pay online for shopping,services and goods?
The speed and time used to process a transaction is major issue cited by many to be major hindrance for its use in real life. It'll be difficult for for shops to operate with it. It will only bring about long waiting cues.
zoeylee
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July 06, 2018, 12:55:02 AM
 #77

In my opinion, it is practical as mode of payment service in a way that its a hassle free. It's very accessible for any emergencies. We cannot predict any situation that comes along our way. That's why BTC is very  practical.

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jj6080801
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July 06, 2018, 12:59:56 AM
 #78

What is functional to one individual can be the inverse for another. It relies upon your necessities. In case you're into a method of installment that is future-arranged, something that disposes of from these establishments the misusing of reports and records, the untrustworthiness, absence of trust of representatives and additionally the absence of dependability, at that point bitcoin as a virtual cash can be useful.
Danielradcliffe
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July 06, 2018, 01:52:37 AM
 #79

I don't think Bitcoin as payment service is very practical, I don't know such a lot shops, and others who accept Bitcoin as payment. To my mind in Japan paying with BTC is practical then everywhere, because BTC was born there, and many places accept Bitcoin as payment, even there terminals that you can withdraw your BTC
florinigna
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July 06, 2018, 02:38:18 AM
 #80

It is a good option especially for bigger transactions. But with small transactions, it can be a problem with so much fees and delay in transaction completion.
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