Although Bitcoin is homogenous (the same everywhere in the world), its price varies across countries and even exchanges within the same country, giving a rise to arbitrage opportunities. The Bitcoin price in South Korea has been trading at a 35% premium while in India it has been at a 20-25% premium. The demand and supply conditions result in some aberrations in its price.
CoinMama is a large bitcoin brokerage that allows users to acquire coins with their debit or credit cards. The platform issues small fees for transactions. To make up for this, however, the limits for how many bitcoins a user can buy are much higher in comparison to Coinbase. Users can acquire up to $5,000 of coins per day or up to $20,000 per month. All users need to do to use CoinMama is to set up an account, log in, and navigate to the profile page section to fill in personal information.
Speed and convenience! Purchasing bitcoins fast with a debit card or credit card can be the quickest way for new users to get bitcoins. This can be as easy as online shopping which many people are familiar with.
Who accept bitcoins as payment? Bitcoins are taking over the crypto-currency marketplace. They’re the largest and most well-known digital currency. Many large companies are accepting bitcoins as a legitimate source of funds. They allow their online products to be bought with bitcoins. With the extreme facilitation of transfer and earning of bitcoins, it would be a mistake not to accept these new-found online coins as cash. With a fluctuating value, the funds can either help or hurt the company. This fluctuation of inflation can be a boon to business, unless the market is valuing the coins insanely high, sometimes reaching 1000$! So really who accepts bitcoins?
There are many other lists and indexes where you can add your shop. I find the two mentioned ones to work best so far. If you have one that you think is really good and complete, contact me. I will be happy to add other links here.
Bitcoin can be transferred from one country to another without limitation. However, the exchange rate against other currencies can be very volatile. This is partly because the price is often driven by speculation, but also because it is a fairly small market compared with other currencies.
You can also work from home for others. Here is a list sites where you can search job offers or where you can post an offer yourself. It’s a very convenient way to earn Bitcoins, because many jobs can be completed from home.
Each Bitcoin exchange has different buying limits, which often varies depending on level of identity verification. At Coinbase, for example, regular users may only purchase up to $1,000 worth of bitcoins per day. Fully verified users, however, can buy up to $50,000 per day. Most exchanges offer a FAQ page online where the different levels of verification are explained.
There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.
First, work with companies that have a solid reputation and regulatory compliance. There are disreputable companies selling bitcoins in order to collect credit card and personal information to potentially engage in scams or identity theft.
Say you spend £20 at a restaurant on a Visa debit card. That transaction must be processed through a card machine, Visa, your bank and the merchant bank. At each step, communication and verification takes place.
Bitcoin’s promise is removing all of this friction involved in the verification, whilst also making payments much more secure. You could use your mobile phone to send £20 worth of Bitcoin to the restaurant directly.
Authors Note: A few users are claiming that the information given by Circle regarding their ability to accept prepaid VISA gift cards may not be valid for all VISA gift cards. Keep this information in mind before deciding to make a purchase decision, and CCN encourages anyone with problems to email Circle’s customer support.
Pay anyone with CoinJar Touch over the bitcoin network, anywhere in the world. Use the CoinJar Swipe Debit Card for purchases and withdrawals in supported countries. Link your local card and bank account for global access to your money through the Bitcoin network.
This is what your account page would look like if you were to sign up for a Bitcoin wallet on Coinbase. As you see, it looks kind of like the online banking software that most traditional commercial banks use for their customers:
Other options include Coinbase (Europe, USA & UK), SpectroCoin (Europe) and the decentralized exchange Bisq which is both worldwide and much more private because it is done without a trusted third-party company.
Once the exchange has received payment, it will purchase the corresponding amount of bitcoin on your behalf, and deposit them in an automatically generated wallet on the exchange. This can take minutes, or sometimes hours due to network bottlenecks. If you wish (recommended), you can then move the funds to your off-exchange wallet.
Wanna get away? Fly with CheapAir using your cryptocurrency. After you choose your flights you are given your payment options, including BTC. You can make both domestic and international flight arrangements with CheapAir.
There is no physical bitcoin currency the way there is a dollar, euro or pound. It exists only on the Internet, usually in a digital wallet, which is software that stores relevant information such as the private security key that enables transactions. Ledgers known as blockchains are used to keep track of the existence of bitcoin. It can be given directly to or received from anyone who has a bitcoin address via so-called peer-to-peer transactions. It is also traded on various exchanges around the world, which is how its value is established.