What is Bitcoin?
Bitcoin is a virtual currency and a peer-to-peer network. Bitcoins can be used like cash in exchange for goods and services. To pay with bitcoins you transfer them to the receiver via the Bitcoin network.
Get Started With Bitcoins
Before you start using Bitcoin, you should know it has been operational without any interruptions for over twelve (12) years, there are a few things that you need to know in order to use it securely and avoid common pitfalls.
First, Bitcoins are impossible to counterfeit or inflate.
Second, you can use them to send or receive any amount of money, with anyone, anywhere in the world, at very low cost. Bitcoin payments are impossible to block, and bitcoin wallets can’t be frozen.
Third, with Bitcoin you can directly control the money yourself without going through a third party like a bank or Paypal.
Fourth, Bitcoin transactions cannot be reversed or refunded. You should only deal with businesses or people you trust.
Fifth, To be valid, a Bitcoin transactions must be confirmed at least once but preferrably 6+ times before it has happened and becomes irreversible.
Sixth, Bitcoin is not anonymous but there is tumbling. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address.
Seventh, you can get bitcoins by accepting them as a payment for goods and services or by buying them from a friend or someone near you. You can also buy them directly from an exchange with your bank account.
Eighth, there is a growing number of services and merchants accepting Bitcoin all over the world. You can use Bitcoin to pay them and rate your experience to help honest businesses to gain more visibility.
Ninth, the Bitcoin industry is always changing and there are many Bitcoin news services to stay up to date.
Tenth, beware of the confusingly similar Bcash, BCH, Bitcoin Cash project.
How do I go about ordering with Bitcoins?
1. Buy Bitcoins
Just like buying foreign currency, you can buy bitcoins using an exchange. Bitcoins have an exchange rate that can determine its value when converting to other currencies such as USD or GBP.
1.1. How and where to buy Bitcoins
With the Bitcoin price so volatile many people seem curious about getting some. Below we have listed some of the best exchanges. If you want to do your own research then check guide on how to buy bitcoins in any country. Here are our recommendations:
Coinbase is one of the world’s largest Bitcoin exchanges. Users in the United States, Canada, most of Europe, and Singapore can buy bitcoins with a connected bank account or SEPA transfer. European users can purchase bitcoins with 3D secure credit or debit cards.
Indacoin is a global platform enabling the quickest bitcoin purchases in more than 200 countries with a credit or debit card and no registration. If it’s the first time you use the card, you will receive a call from Indacoin with a 4-digit code, which should be entered on your order page. After that, you will have to enter a 3-digit code, which can be found on your online card statement next to the charge amount.
You will have the limit of $50 for the first transaction, $100 for the second transaction available after four days of the initial purchase and $500 after eight days of the first buy. The total limit for the first month will be $5,000 and then no limits at all. Since your card is verified, cryptocurrency is sent automatically within ten minutes after the payment.
2. Make Your Order
At Checkout simply select Bitcoin as your payment method and then click the “Complete order with bitcoin” button. You will then be taken to BitPay to complete payment. BitPay will convert the USD value of your order to bitcoin using the latest exchange rates. You have 15 minutes to pay the exact amount shown. You can either scan the QR code, or transfer the bitcoins to the wallet address shown. Once done you may need to press the refresh icon to see that your payment is complete.
Note: Any under and over payments will prevent us from processing your order correctly.
Please contact customer services in this case to ensure that your bitcoins are returned to you. Now your payment is complete, the Bitcoin network will confirm your transaction. Once the order is confirmed by us, it will be processed and sent to the delivery agency for packaging and registration for shipping. Once the delivery agency is done with the packaging of your order, they will send your tracking number via your email listing the delivery status of your product, when it should be dispatched and the expected date for it to get to you.
Note: Please we require our clients to take their time when filling their billing details during checkout to prevent wrong addresses or phone numbers and ease the job of our delivery guys!