Can I directly buy the online product using bitcoins?
George While it can be hard to tell if Bitcoin is going to go up or down in value, or if it is the future of currency or just a flash in the pan, one thing that is for sure is that Bitcoin is available to buy and sell right now. You can also use it for purchases if you’re creative enough and if you plan in advance for who will take your bitcoins.
If you're one of the many who are curious about how this cryptocurrency is bought, sold, and used, keep reading.
Shop Online and Pay With Bitcoin
A limited number of retailers take Bitcoin in exchange for goods and services, but unlike its reputation, they are often regular, run-of-the-mill companies, and not black market operations. Currently, some Shopify store owners (under a variety of brands) will take Bitcoin, as does Overstock and Newegg.
Visit here to bitcoin to paypal
There are others, as well, but it’s really a hit-or-miss scenario. If a store takes Bitcoin, you can use it just like a credit card to pay for products and services.
The Bottom Line
Because Bitcoin exists mostly outside of government regulation, it does pose more risk than dealing with banks and government currency. However, it’s not hard to buy or sell, although the value of a Bitcoin can fluctuate wildly.
You can also use Bitcoin to make a limited amount of purchases, mostly on the web.
If you decide to dabble in Bitcoin, it’s important to know that you can lose money if the value drops. Understand that it’s still a very new technology, and even the best futurists aren’t sure what’s going to happen with it. So, it’s a good idea to use the philosophy “buyer beware” when it comes to Bitcoin.