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Author Topic: How Practical is Bitcoin As Payment Service?  (Read 2757 times)
cryptostream209 (OP)
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June 26, 2018, 06:20:55 AM
 #1

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?
staceyrita
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June 26, 2018, 06:27:19 AM
 #2

In my country I have not been able to use bitcoin as a means of payment in the form of goods or necessities of life
If you want to use bitcoin to buy something or needs I have to redeem bitcoin into the original currency in my country.
I redeemed bitcoin through >>> Indodax.com
odolvlobo
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June 26, 2018, 06:36:17 AM
 #3

There are various services that accept Bitcoin.

There is also Purse.io, which can be used to buy stuff from Amazon at a discount using Bitcoin.

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ay-x
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June 26, 2018, 06:45:14 AM
 #4

Unfortunately, due to the current steady descent graph, you can enjoy the discount on amazon. It is impossible for Bitcoin to be used in shopping this way.
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June 26, 2018, 06:52:27 AM
 #5

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?



In my opinion, it is practical by means in paying on a site using bitcoins or transfer money thru bitcoin. I tried sending bitcoins on my friends as payment for a vpn that I purchased. but it its not good for purchasing goods and foods.
MattLeBlanc
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June 26, 2018, 06:52:54 AM
 #6

There are many online businesses who accept cryptocurrencies, most of them accept Bitcoin as it is the most popular and widely used. But, I have seen some restaurants started accepting Bitcoin and other crypto as a payment recently.
Don Pedro Dinero
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June 26, 2018, 07:09:44 AM
 #7

It is practical to buy some things online and maybe to spend them in shops if you live in certain (few) areas, but we are far away from mass adoption, although more and more shops and merchants are accepting bitcoin.

It will be much more practical in the future, with Lightning Network fully implemented and running.

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batang_bitcoin
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June 26, 2018, 08:00:54 AM
 #8

i am new here and i came to ask fellow users about how practical bitcoin as payment method is?
It's practical if you want to help boost bitcoin's demand and at the same time purchase those things that you want online conveniently. I'm also using it for paying some of my needs.
I mean how much i can use bitcoin to pay online for shopping,services and goods?
You can use any amount that you wish, there's no restriction on how much you can spend buying goods online.

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cryptostream209 (OP)
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June 26, 2018, 08:11:27 AM
 #9

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?



In my opinion, it is practical by means in paying on a site using bitcoins or transfer money thru bitcoin. I tried sending bitcoins on my friends as payment for a vpn that I purchased. but it its not good for purchasing goods and foods.

I find it difficult to pay through bitpay for namecheap domains and transaction fee are too high.
mmo4me.2016
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June 26, 2018, 08:17:56 AM
 #10

You can easily integrate your payment method with Bitcoin payments! Currently, there are many web sites that support api functions so you can do that!
Only thing, bitcoin and altcoin prices are very volatile, if applied to commodity products you will probably have no profit or negative profit.
cryptostream209 (OP)
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June 26, 2018, 08:19:12 AM
 #11

There are various services that accept Bitcoin.

There is also Purse.io, which can be used to buy stuff from Amazon at a discount using Bitcoin.
My country don't have amazon but have other alternates but none of them support bitcoin but i have found many other global sites which can deliver same things i want with bitcoin but with higher price and shipping fees
Jacsnuffles
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June 26, 2018, 08:21:43 AM
 #12

I like Bitcoin but using it as a pasyment yo buy goods and stuffs would be difficlicult. One move of the price of BTC might cost you double or thrice the price of a specific item. Volatility is a big problem to this. Practicality will not be achieved.

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June 26, 2018, 08:25:56 AM
 #13

There are many services and shops that accept Bitcoin but it isn't popular enough, you have to do a bit of searching if you want to pay daily stuff or bills and similar with Bitcoin. I don't think that the fees are high right now, at least not when paying once with a larger amount of money, of course it is expensive if you split payments in smaller parts. I only bought games with my Bitcoin and it went well, but I don't know for physical stuff, I guess it's the same as cash.

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June 26, 2018, 01:16:09 PM
 #14

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?

Using Bitcoin for other things shouldn't differ much from your experience on using it to buy domains. Most merchants use payment processors like Bitpay anyway. If you thought that was practical enough, then it's probably practical for you.

But yeah, you can absolutely 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, but I'd say it's definitely practical enough.

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June 27, 2018, 11:37:16 PM
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In now bitcoin is worldwide popular. There are so many services are connect with bitcoin. You will get discount from Amazon when you use bitcoin transaction.
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June 28, 2018, 04:54:55 AM
 #16

YES I think this is totally practical and you can use bitcoin as payment option where it is accepted. However, in that case make sure that you have a well secured wallet for your cryptos
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June 28, 2018, 06:04:21 AM
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You don't need to bother posting transactions of your bitcoin here. You can simply ask and say anything related to the crypto currency in the forum.
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June 28, 2018, 06:30:38 AM
 #18

Bitcoin has become quite practical , especially in businesses. Payments are quite easier in bitcoin and now One can shop at Amazon with bitcoins , there are some discounts available too. If one is ordering something off the market and from another country , both the seller and the buyer prefers bitcoin as no information and sensitive data is being exchanged. Since the transaction fees is much lower than the credit cards and debit cards , all goes well and easily.
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June 28, 2018, 06:52:40 AM
 #19

Well, for me bitcoin as payment service is good because lots of store now accepting bitcoin, but i can observe that when we convert our bitcoin in our local money, it is too high the fees of it whereas we can say that the bitcoin is very expensive for the investors when they invest or buy bitcoin. But over all the payment is well.
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June 28, 2018, 06:55:25 AM
 #20

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?


Sir your question how much spending bitcoin use to pay online or to other services? find the legit merchant that accredited bitcoin of course all prices you need to pay is absolutely  stated their on where you can avail your items. be sure that before you proceed to transact for payment your wallet is fully protected.
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