The thought of paying and using BitCoins can feel daunting, but it can be really simple!
BitCoin is a digital currency, its essential money. The BitCoin network is not backed by any single bank or authority, like GBP, USD etc, and it’s fully decentralized, so no one company or person owns it. It can be used worldwide by anyone with a computer/smartphone with online access.
Also, bitcoins are the first example of a “cryptocurrency” (online cash), a well-known growing new category of money. There are a plenty of good articles in relations to BitCoins and we have outlined some examples below to help you.
So… Why use BitCoins over WU/MG transfer which have been used in the past?
Bitcoin is not backed by any single (or group) bank or country. It’s decentralized. There is no authority to block a bitcoin transaction, like credit or debit card payments have been in the past. BitCoin is safe, using this payment method we can continue to provide you with our service, safely and securely.
365 days a year and 24 hours a day – BitCoin payments are always available. It is similar to previous used methods (PayPal, credit/debit cards, bank transfer) or any other online payment method you are used to, but with a much higher level of anonymity!
It requires significantly less time for payment confirmation and no additional charges or card security issues. For Western Union or MoneyGram payments, we would need 48 hours to process and confirm payment but just 10-20 minutes for the BitCoin payments. This means, your order can be shiped out same day.
It’s anonymous. Any payment can be completed from multiple accounts, a single wallet can have as many as you want receiving address and a different one for sending funds. Account verification/validation might be mandatory for Bitcoin Exchanges, places where you can buy the coins, but you don’t need to do this for your personal wallet or wallets.
So, what is the first step?
You need to create a BitCoin wallet, think of this as a standard wallet, where you keep money and credit/debit cards!
When you get your wallet, you will have an address(es), this is where you will ask your BitCoins to be sent to when you purchase online. When you order from us, you will receive an address to SEND to, you proceed to your wallet, input our address and the amount of BitCoins and click send! We receive the BitCoins and send out your order!
OK…So how can I get these “BitCoins” quickly?
There are loads of places to buy bitcoins, litecoins, ethereum and many other coins with a credit or debit card.
Buying online using your credit/debit card: