Bitcoin is the easiest way to transact at a very low cost. Mobile payments made easy Bitcoin when used on a mobile device allows you to pay with a simple two-step scan-and-pay. There's no bitcoin payments to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let the other party scan your mobile, or touch the two phones together using NFC radio technology.
Nick Galov Bitcoin has been the hottest thing in the world of finance for the last several years. In this short article, we are going to give you some basic advice on how to start using Bitcoin in no time.
Choose Your Bitcoin Wallet Before being able to pay with Bitcoin, you must find a wallet where you can store your digital currency.
This will serve as your Bitcoin bank account through which you can store, pay, and receive money. There are many free crypto wallets on the web, and they all work well on both desktop and mobile devices. Buy Bitcoin After your wallet is set up, comes the time for you to buy some bitcoins.
You can do this through one of the many cryptocurrency exchange services. Do your research and get the best possible price for bitcoin at the moment.
You can buy bitcoins using your credit card or a bank account.
Just provide the exchange service with your bitcoin wallet address and the transaction will be completed in minutes. Start Paying with Bitcoin If an online merchant has the option of Bitcoin payments, you just need to copy their Bitcoin address and paste it into a designated field on your bitcoin payments.
Just make sure that you always type in the exact amount as displayed in the payment window. The transaction should be completed in a couple of seconds. If you need a list of some of the best companies that are Bitcoin-friendly today, check out our infographic below.
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About the Author: Nick Galov is a geek who combines his love for bitcoin payments, writing, and editing with technology.