Is Steam going to accept Bitcoin again?

[ibanezed]

Steam would raise popularity of bitcoin if accepted it, but Valve doesn't see any benefit of it.

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[eternalgloom]

I don't give a shit. It's better for users not to be buying frivolities with BTC anyway. If they really want to there are places like Bitrefill where you can buy vouchers.

Their volatility thing made no sense. They had zero exposure to it. The only thing I can think of is they had masses of customer complaints about Bitcoin fees which isn't their problem either, it was Bitpay and Bitcoin itself.

Well, they did start to accept Bitcoin right before those massive spam attacks on the network.
You really can't blame them for disabling Bitcoin at that time, since the amount of time and money they were spending on resolving support requests was far exceeding the additional revenue they were getting from accepting Bitcoin.

It just made a lot of sense to disable Bitcoin payments, if we're really being honest here.

I'd really like to see them accept Bitcoin again, but I also understand that they need to be 100% sure that something like that won't happen again.

[iv4n]

I haven't read any announcements personally but I don't think we need them anymore. If you want any game, you could get it at a cheaper price in G2A or Kinguin (both accept bitcoin) and If you want skins ofr any game, you could use BitSkins, once again, at a cheaper price and assuming that whatever you need is not found on these sites, you could try Bitrefill.com

Interesting to know! I wanted to buy some skins for LOL a year ago, but I didn`t bother to search can I do that with bitcoins. I bought few games with bitcoins on steam but since than nothing, maybe its time for me to try g2a they are here for a long time. Thanks for this, winter is coming, cold days, it will be nice to have some nice games to play.

[BitHodler]

It just made a lot of sense to disable Bitcoin payments, if we're really being honest here.

I'd really like to see them accept Bitcoin again, but I also understand that they need to be 100% sure that something like that won't happen again.

I honestly don't think it makes sense to disable their Bitcoin payment option. Businesses are out for that extra customer exposure, and with how Bitcoin keeps gaining popularity, they are missing out big time.

What do you think people will do when the price starts to increase again? People not wanting to bother with KYC/AML exchanges will look for ways to spend their coins as alternative.

Don't forget that Bitcoiners love to pay with Bitcoin, regardless of how high the fees are. What happened last year isn't ideal, but it was a one time event if you take into consideration every single factor.

Everything that could go wrong last year went wrong.

[Hamphser]

When Steam announced that they are not accepting Bitcoin as a method of payment, they said that it is temporary untill Bitcoin gets stable. Bitcoins price has been pretty stable for a longer period, so why not start accepting again? Did they announce anything?

It's pretty stupid of them because now I am forced to buy from third party sited and Steam doesn't support that but they don't want to support Bitcoin either.

I havent heard about such possible options to be back again since steam remove bitcoin.I miss those days where they do accept it to credit up your steam wallet. Bitcoin would never been stable and Steam is surely
looking into that one, when they do talk about stability then they would really mean about having similar features such as fiat thats why i dont really expect that it would be accepted sooner due to
their terms it would still took long time or wont really be possible again at all.

[subSTRATA]

It just made a lot of sense to disable Bitcoin payments, if we're really being honest here.

I'd really like to see them accept Bitcoin again, but I also understand that they need to be 100% sure that something like that won't happen again.

I honestly don't think it makes sense to disable their Bitcoin payment option. Businesses are out for that extra customer exposure, and with how Bitcoin keeps gaining popularity, they are missing out big time.

What do you think people will do when the price starts to increase again? People not wanting to bother with KYC/AML exchanges will look for ways to spend their coins as alternative.

Don't forget that Bitcoiners love to pay with Bitcoin, regardless of how high the fees are. What happened last year isn't ideal, but it was a one time event if you take into consideration every single factor.

Everything that could go wrong last year went wrong.

even then, valve isnt in the crypto business, and as far as they're concerned, bitcoin integration was a semi failed experiment. of course, the network congestion of last year was the primary factor affecting this, but taking that into account, it doesn't make sense for valve as a business to try it again knowing the risks of what could happen again. besides, they don't really need any 'extra exposure,' they're by far the biggest PC gaming platform, and i dont think they're missing out on too many sales to warrant risking what happened last year.

[milewilda]

It just made a lot of sense to disable Bitcoin payments, if we're really being honest here.

I'd really like to see them accept Bitcoin again, but I also understand that they need to be 100% sure that something like that won't happen again.

I honestly don't think it makes sense to disable their Bitcoin payment option. Businesses are out for that extra customer exposure, and with how Bitcoin keeps gaining popularity, they are missing out big time.

What do you think people will do when the price starts to increase again? People not wanting to bother with KYC/AML exchanges will look for ways to spend their coins as alternative.

Don't forget that Bitcoiners love to pay with Bitcoin, regardless of how high the fees are. What happened last year isn't ideal, but it was a one time event if you take into consideration every single factor.

Everything that could go wrong last year went wrong.

even then, valve isnt in the crypto business, and as far as they're concerned, bitcoin integration was a semi failed experiment. of course, the network congestion of last year was the primary factor affecting this, but taking that into account, it doesn't make sense for valve as a business to try it again knowing the risks of what could happen again. besides, they don't really need any 'extra exposure,' they're by far the biggest PC gaming platform, and i dont think they're missing out on too many sales to warrant risking what happened last year.

Remembered last year that they integrate bitcoin payments and we do remembered that the fees into those days are quite high plus the network congestion which do add up on their
pending issue for those users who do make use of BTC payments,i agree on what you have said that they dont need extra exposure yet that integration is just a testing phase to see
if it can contribute convenient top up but it does failed.

[1Referee]

besides, they don't really need any 'extra exposure,' they're by far the biggest PC gaming platform, and i dont think they're missing out on too many sales to warrant risking what happened last year.

Being the biggest gaming platform doesn't mean you can just sit back and relax.

They could very easily partner with CoinGate, which allows its merchants to accept Lightning payments. It doesn't only combat the on-chain congestion and fees, but you are also doing something revolutionary others aren't doing yet. It's a pretty damn good way to get yourself in the spotlight as business, especially with how people here appreciate progress in terms of Lightning adoption.

It doesn't cost you a penny as merchant if no one uses the Lightning option. There is no confirmation bs, no fee bs, instant settling transactions, etc.

[BitHodler]

They could very easily partner with CoinGate, which allows its merchants to accept Lightning payments. It doesn't only combat the on-chain congestion and fees, but you are also doing something revolutionary others aren't doing yet. It's a pretty damn good way to get yourself in the spotlight as business, especially with how people here appreciate progress in terms of Lightning adoption.

It doesn't cost you a penny as merchant if no one uses the Lightning option. There is no confirmation bs, no fee bs, instant settling transactions, etc.

I completely forgot about Coingate's recent announcement that they enabled their merchants (over 4000) to accept payments over the lightning network, thanks for pointing out.

I don't know exactly how well distributed their banking side is to pay merchants in fiat (BitPay and Coinbase are market leaders), but it shouldn't be a problem at all for Steam to give Coingate a try in case it's all well set up.

Their main concerns were fees and volatility. Fees is understandable, but the volatility is straight nonsense. Bitcoin has never been really stable, and they didn't think it was a problem when they started accepting Bitcoin.

[gentlemand]

even then, valve isnt in the crypto business, and as far as they're concerned, bitcoin integration was a semi failed experiment. of course, the network congestion of last year was the primary factor affecting this, but taking that into account, it doesn't make sense for valve as a business to try it again knowing the risks of what could happen again. besides, they don't really need any 'extra exposure,' they're by far the biggest PC gaming platform, and i dont think they're missing out on too many sales to warrant risking what happened last year.

There's an interesting balance to be found. I'll assume no one buys BTC to buy something else. All BTC merchant business is from existing holders. Many will be sitting on huge gains so may well be up for a pile of discretionary purchases which games certainly are. It's no skin off their financial nose.

Since Valve can't be arsed to bring it back it's clearly more trouble than it's worth right now. I wonder if they monitor how many third party voucher sales are through crypto. Perhaps there'll be a certain level that'll trigger them thinking about bringing it back.

[subSTRATA]

besides, they don't really need any 'extra exposure,' they're by far the biggest PC gaming platform, and i dont think they're missing out on too many sales to warrant risking what happened last year.

Being the biggest gaming platform doesn't mean you can just sit back and relax.

They could very easily partner with CoinGate, which allows its merchants to accept Lightning payments. It doesn't only combat the on-chain congestion and fees, but you are also doing something revolutionary others aren't doing yet. It's a pretty damn good way to get yourself in the spotlight as business, especially with how people here appreciate progress in terms of Lightning adoption.

It doesn't cost you a penny as merchant if no one uses the Lightning option. There is no confirmation bs, no fee bs, instant settling transactions, etc.

no of course not, but as a company as big as they are, bitcoin integration is a secondary concern, one that has failed then in the past previously. the way I see it, they have other concerns that come far before reconsidering bitcoin payments. not saying I wouldn't want it to happen, but just trying to see things from what I think to be valve's perspective.
as far as the lightning network and coingate goes, I've been away from the forum too long as I'm out of touch, I don't want to say something without knowing what I'm talking about.

[leowonderful]

Some people may have problems with G2A and how some the codes sold on the site are acquired fraudulently through many ways, and they can be possibly revoked at any time; in fact, some game devs absolutely detest G2A and actively deactivate any activation codes sold through the site. G2A also pushes their subscription-based Shield service whenever you visit your cart, and it's somewhat difficult to cancel once they manage to get you to start subscribing to it. I personally haven't had too many issues with the site besides shield in two years, but it's safest to use actual Steam Gift cards to purchase games, from sites like Bitrefill.