Is It Difficult to Make a Bitcoin Payment?
Bitcoins, as a currency, are easy to use and offer a lot of benefits over traditional currency. That being said, it can be a bit confusing to start using Bitcoin for payments if you don’t know how it’s done. Bitcoins are actually quite similar to any other online payment system, but they use their own network of supporting programs that you need to get familiar with before you start.
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Bitcoin Payments Simplified
Paying with Bitcoin is just as easy as paying is a credit card, Paypal, Skrill, or any other online payment systems. Making a Bitcoin payment requires you to set up a wallet for storage of the coins, find a merchant or individual that will accept Bitcoins and send a unique code from your wallet address.
Your Bitcoin Wallet
Wallets for Bitcoins are widely available. You can choose an online wallet that is secured and receives its own copy of the block chain (which helps to confirm any transactions you’ve made more quickly), an online lite wallet which does not have a full copy of the block chain, or an offline wallet that scores your Bitcoins in a non-accessible offline form.
Online wallets can be riskier than offline wallets, as it’s possible that they can be hacked. However, wallets have their own offline security measures that can make them more difficult to hack than other ordinary online cloud storage. Each wallet has its own way of being secure, so you can look around and find one that you’re most comfortable with.
Offline wallets are usually considered to be more secure, but they are not quite as convenient. You can’t pay immediately with this sort of wallet, although it’s easy enough to do transactions from an offline wallet.
Splitting the Value of a Bitcoin
Bitcoins don’t have to be used in their full value at once. You can split the value of a Bitcoin into smaller denominations as many times as is necessary to get the right amount for your purchases and transactions.
Bitcoin Payment Method Options
Making a Bitcoin online payment and making a payment via a mobile device are very similar processes. Both types can be made by opening the transaction directly in your online wallet and completing it from there. To complete a transaction in your wallet, you simply have to confirm that the information about the payment is correct before sending it.
Mobile payments have the option of scanning a QR code and sending the payment directly from your wallet after a confirmation of the transaction.
Whether you’re doing the payment on a mobile or any other device, you can complete a transaction manually. If your Bitcoin wallet doesn’t support direct payments, you can open up the transaction manually by entering the address where you want to send the money and the exact amount of coins you want to send. When you put in this information, you can send the payment directly from your wallet.
Fees for Bitcoin Payment Processors
Some wallets or automatic payment processors might charge a small fee to do for a transaction. However, these fees are usually very small and can provide you with some assurance of the safety of the transaction.
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