How To Use Bitcoin For Payment
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Another way to use bitcoin is by sending money to your friends or family.
How to use bitcoin for payment. Bitcoin has seen its fair share of ups and downs and it s finally getting to the point where the world is slowly starting to embrace it. To use bitcoin start by purchasing some bitcoins online through a trading exchange or using a bitcoin atm. Step 1 on the coinbase dashboard click the buy sell menu. The amount specified is always in decimal bitcoins btc. Use the following steps for desktop and mobile bitcoin purchasing.
The message parameter is generally used to describe the payment request to the spender. Step 3 select the payment method that you prefer. There seems to be a lot more you can do with your bitcoin nowadays and more are opportunities are popping up every day. Enter the payment amount into the amount field and send your payment. The label parameter is generally used to provide wallet software with the recipient s name.
Now that you have a coinbase account you can start buying bitcoin on the platform. Manually select and copy the bitcoin address from the coingate invoice to your wallet or click the copy button and paste the invoice bitcoin address in your wallet. The future of payment how to make payments using bitcoin. Withdraw your payments to your local bank in exchange for a 1 fee. All you need to do is get their bitcoin address and you can transfer bitcoins from your wallet to theirs.
Finalize the payment by pressing the send button in your wallet or by scanning the qr code on the invoice with your mobile bitcoin wallet. Instruct coinbase to hold part of your earnings in bitcoin and liquidate the rest. Two other parameters are widely supported. Pay using a web wallet. Step 2 the buy section will be displayed.
If you are using a web wallet you ll want to start a manual payment within the app. Enter your email address and click on pay with bitcoin on the invoice. A use case for this can be paying back a friend who bought you dinner returning a loan or even settling a bet. Copy the address to pay using bitcoin into the payment window.
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