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Can i pay you in bitcoins for sale

can i pay you in bitcoins for sale

For a quicker, more anonymous method, you can use a peer-to-peer platform to sell bitcoin for cash. When selling bitcoins to other people, you. Companies including Square and IBM are using blockchain, the technology behind the currency, to design and improve digital payments methods. But. To buy Bitcoin or any cryptocurrency, you'll need a crypto exchange where buyers and sellers meet to exchange dollars for coins. BTC VAULT VS WALLET

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Finally, Crypto. Coinbase is a licensed online broker and exchange that is preferred by beginners looking to buy cryptocurrency. Although Coinbase is simple to use, you should be aware that the platform charges high fees. For example, the standard commission charged on this platform is a whopping 1. And, if you decide to buy Bitcoin instantly with your debit or credit card — you will be charged a fee of 3. Furthermore, Coinbase also adds a mark-up on the spread — so this is an additional fee that needs to be considered.

In a time not so long ago, Binance allowed UK residents to buy Bitcoin instantly with a debit or credit card — as well as deposit funds via a local bank transfer. However, since the FCA began investigating the exchange — Binance can no longer directly accept British pounds. On the other hand, Binance is a good option if you want to trade Bitcoin and other cryptocurrencies at low fees. For example, the highest commission that you will pay when buying and selling Bitcoin is just 0.

This will be reduced if you hold BNB tokens in your Binance crypto wallet or you trade larger amounts. You can also access more than 1, digital assets markets here — and even earn interest on your idle cryptocurrency investments. Mode is a regulated broker that comes in the form of a mobile app that is compatible with both iOS and Android devices.

Unlike the other brokers that we will discuss today — Mode only gives you access to one digital currency — Bitcoin. With this in mind, Mode should only be considered if you have no plans to diversify your portfolio. When it comes to fees, Mode will charge you a buy and sell commission of 0. No deposit fees apply and you can fund your account via a UK bank transfer. This is typically processed in less than five minutes.

The next option to consider when thinking about how to buy Bitcoin in the UK is Coinjar. This Australia-based cryptocurrency exchange has since opened an office in the UK — so you can buy and sell Bitcoin here with ease. The platform is simple to use and is especially popular with those looking to invest small amounts. When it comes to Coinjar fees, this depends on how you plan to fund your Bitcoin purchase. Uphold is a UK-based cryptocurrency exchange, stock broker, and commodities trading platform.

This exchange makes it easy for beginners to buy Bitcoin and more than other popular cryptocurrencies, including Ethereum, Litecoin, Dogecoin, USD Coin, and many more. Trading fees on Uphold are low, but variable. Instead of charging a fixed commission, this exchange charges a spread that can be higher or lower than average depending on market conditions.

Typically, the fee for trading Bitcoin ranges between 0. It goes without saying that Bitcoin is one of the fastest-growing assets of the past decade. However, the value of this digital currency is not only volatile — but is largely based on speculation and hype. The same can be said of SHIB, with many crypto-hungry investors looking to buy Shiba Inu as one of the most popular meme coins across the board.

With this in mind, you must perform your own research before risking any money. To help clear the mist, below we explore some of the main factors to consider when learning how to buy Bitcoin in the UK. First and foremost, by investing in Bitcoin — you can enter this marketplace at an early stage. Sure, Bitcoin has been traded since — but this is nothing in the grand scheme of things.

After all, some of the most successful public companies have been tradable stocks for several decades. Crucially, Bitcoin has already been adopted by millions of people — as well as many notable institutions and companies. Cryptocurrencies like Bitcoin are attractive to investors that seek above-average market returns.

Bitcoin trades for tens of thousands of pounds — which is a significant amount of money to be risking on a single cryptocurrency token that carries a high level of risk. The good news for casual investors is that Bitcoin can be fractionized. In other words, you can buy just a small fraction of one Bitcoin token — which allows you to gain exposure to this market with a modest amount of money.

There is often a misconception that you can only make money from a Bitcoin investment if the value of the token increases in the open market. However, although this is one way to grow the size of your investment — you can also deposit your Bitcoin into a cryptocurrency savings account. In doing so, you will be paid a rate of interest on the Bitcoin tokens that you deposit. This is, of course, significantly more than you will earn with a traditional savings account in the UK.

In terms of the technology itself — which is useful to understand when learning how to buy Bitcoin in the UK, the underlying network is decentralized. In simple terms, this means that no central bank, entity, or nation-state controls Bitcoin. Instead, transactions are verified by independent miners. Anyone can become a Bitcoin miner by purchasing specialist hardware.

More importantly, with no centralized authority in place, the supply of Bitcoin cannot be controlled or manipulated. Furthermore, Bitcoin is a finite asset class like gold, insofar that only 21 million tokens will ever be minted. There are several different ways to buy Bitcoin in the UK.

Consider the options discussed below to ensure you select the best process for your personal preferences. The first option to consider is to buy Bitcoin with PayPal. Another benefit of using Paypal at eToro is that your transaction will be processed instantly.

The easiest way to buy Bitcoin in the UK is with a credit or debit card. Your transaction will be processed instantly and depending on the broker — you will only need to cover a small minimum deposit. However, fees on credit or debit card purchases can be costly when buying Bitcoin. When thinking about where to buy Bitcoin — most investors in the UK will use a centralized exchange or broker. When using a centralized exchange or broker, you are buying Bitcoin through a third-party entity.

Examples of this include the likes of eToro and Mode. This is because when you use these providers — you can buy Bitcoin in the UK directly — and the respective centralized platform will facilitate the transaction on your behalf. Another huge benefit of using a centralized platform like Bitcoin or Mode is that both providers are regulated in the UK. Not only does this mean that you can buy BTC in the UK safely, but you can also pay for your purchase with real money.

On the other hand, unregulated exchanges — of which there are many, will often only be able to accept deposits in the form of cryptocurrency. Put simply, by using a DEX, you can buy and sell Bitcoin without going through a centralized entity.

In other words, you will be trading on a peer-to-peer basis. The price of Bitcoin will fluctuate through the day — just like stocks and shares. In terms of whether the value of Bitcoin moves up or down, this will depend on the wider market sentiment. It is also important to note that Bitcoin is typically traded against the US dollar.

This is no different from other commonly traded commodities like natural gas, oil, or gold. If you deposit GBP into your crypto brokerage account, your funds will simply be converted into USD at the time of the purchase. Or, in the case of eToro, your deposit will be converted to USD in real-time — so you can proceed to buy and sell Bitcoin without worrying about constantly fluctuating exchange rates.

As we briefly mentioned earlier, the price of Bitcoin stood at less than 1 cent when the token was launched in Many inexperienced investors will search the internet for Bitcoin price predictions — with the hope of gaming insight into where the digital currency could be headed in the near future.

Instead, when attempting to assess how Bitcoin will perform in both the short and long term, consider performing your own research. This will allow you to make your own informed decisions — rather than relying on baseless Bitcoin price predictions. This financial body is tasked with ensuring that retail clients are treated fairly by online brokers — and that risk warnings are clear and visible.

In doing so, you can ensure that your Bitcoin investments are being conducted in a fair, safe, and legitimate manner. The old-age saying of never investing more than you can afford to lose could not be more fitting in the cryptocurrency arena. A number of other platforms, however, have a much higher minimum investment requirement.

As such, this is something worth checking before you open an account with your chosen broker. Another huge risk that is closely associated with the Bitcoin industry is wallet storage. For those unaware, digital currencies are stored in wallets — which can come in the form of a mobile app, desktop software, or hard device. The most challenging part of the process is keeping your wallet away from the wrong hands. For example, if your Bitcoin wallet is stored on your laptop and you unwittingly download a virus — there is every chance that your funds will be stolen.

If the thought of having the keep a cryp tocurrency wallet secured makes you nervous, you could consider keeping your Bitcoin tokens at a regulated broker like eToro. In doing so, eToro will be responsible for keeping your tokens safe.

Can i pay you in bitcoins for sale crypto provider

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If you're looking for something to wash down your meal, America's oldest wine shop , Acker, is now accepting Bitcoin and other cryptocurrencies via BitPay. The rare and fine wine auction house has also added Bitcoin and Ethereum to its Acker Markets analytics platform, so you can see exactly how much each sip is costing you. It makes sense that websites and web-based services would accept purely digital currency.

In addition to the aforementioned VPN services, there are some other notable web destinations that will happily take your Bitcoin. For example, cloud storage service MEGA accepts Bitcoin, as does the infamous message board 4chan; you can pay in Bitcoin and other cryptocurrencies for its 4chan Pass membership service. If you feel like spending some Bitcoin on a worthy cause, you could consider donating to one of the organizations that keep the engines of the Internet ticking over.

The Internet Archive —well known for its Wayback Machine that stores past versions of websites— accepts donations in Bitcoin , Bitcoin Cash, and plenty more. Though the coronavirus pandemic has put a dampener on most people's vacation plans, holiday destinations around the world are now beginning to cautiously open up.

Now, platforms are springing up that let you book your holiday using Bitcoin, such as CheapAir and Travala. The latter has inked partnerships with the likes of Booking. Booking flights and hotels with cryptocurrencies tends to be slightly more expensive than paying with a credit card on most platforms, but Travala does provide a best-price guarantee, meaning it will match or beat any competitor's price for the same offer.

Some hotels are also starting to accept bookings made with Bitcoin directly; one such is The Bobby Hotel , a boutique hotel in Nashville that lets guests pay for a booking with cryptocurrency using BitPay. The hotel boasts city-themed rooms, a rooftop lounge, and its own Lincoln Continental that you can take a spin in. If you're tired of your old Casio and you've got some Bitcoin laying around, then you'll be pleased to hear that it's now possible to purchase a new timepiece using BTC.

The watch is engraved with a QR code address from the genesis block, and a unique public address etched on the dial with a sealed USB containing the private key to this address. Bitgild and the European Mint will both happily let you spend your Bitcoin on physical gold or, indeed, silver or platinum in the form of bars or coins. Our USD-paying customers can now use Bitcoin! Through Green Man Gaming , you can buy Steam keys with Bitcoin and can purchase digital versions of practically any game—including those for Xbox, Playstation, and Nintendo consoles using cryptocurrencies.

These are often cheaper than retail prices too. Alternatively, both Xbox and Playstation Network directly accept Bitcoin as payment for games, subscriptions, and other services, while the popular digital storefront and charity-focused game bundle provider Humble Bundle also accepts BTC as payment for all packages and products listed in US dollars USD. Even the big hitters of the art world are now getting involved with Bitcoin; in May , venerable auction house Sotheby's sold an artwork by Banksy with the option to pay in either Bitcoin or Ethereum.

If your budget doesn't stretch quite that far, there are still plenty of options for buying a work of art with Bitcoin. One is Singulart , an online art store that offers free worldwide shipping and returns on all orders, and accepts payment in Bitcoin. Through Singulart, acclaimed and emerging artists are able to offer their paintings, drawings, sculptures, and other works of art for sale through the online gallery. I feel very fortunate that I can still work.

If you're looking to purchase art as an investment, Maecenas might be closer to what you are looking for. Maecenas is a platform that tokenizes and sells fractions of great works of art. These tokens represent fractional ownership of the work of art and can be traded at any time. As Decrypt previously reported , the platform recently tokenized a piece by Pablo Picasso, which was then sold for cryptocurrency. Well now, you can finally buy your next domain using Bitcoin, at registrars including Namecheap , Monovm , and Domains 4 Bitcoins.

These platforms sell most popular top-level domains TLDs for Bitcoin, while some even allow you to purchase premium domains directly through the website using your BTC. You can also purchase web hosting, private servers, and virtual private servers using Bitcoin, from vendors like Server Room , Clouviper , and Coin.

After purchasing this domain will be yours forever and never needs to be renewed. However, unlike a normal domain, viewers need specialized plugins or browsers to interact with blockchain websites, since each domain is actually a unique ERC token stored on the blockchain, rather than a true domain registered with ICANN. While it's true that you can't spend your Bitcoin at Amazon just yet, there are some online retailers who accept Bitcoin as payment.

Tech retailer Newegg. Of course, there's another way to shop with Bitcoin, even at retailers who don't accept payment in crypto, by purchasing gift cards using cryptocurrencies. A wide variety of reputable platforms now exist for this very purpose, including Bitrefill and Gyft —both of which allow you to purchase gift cards for eBay, Uber, Starbucks, Amazon, Walmart, and thousands of other retailers using cryptocurrencies.

Just paid for date-night with Bitcoin using my new CoinbaseCard coinbase pic. Alternatively, you can sign up for an account with one of the many providers that now offer crypto debit or credit cards , such as Coinbase , BitPay and Binance. These can be loaded up with crypto, which can then be used in-store and online just like a regular payment card.

It might be an imperfect solution, but for now, there are relatively few alternatives. That may be about to change, however. PayPal recently rolled out its Checkout With Crypto feature, enabling those holding cryptocurrency on the platform to spend it with all of PayPal's merchants.

Given PayPal's reach, that means you'll be able to spend crypto on nearly anything your heart desires. The platform will use fiat currency as an intermediary, exchanging your crypto for local currency that is paid to the merchant, but the end result is the same on your end: you spend your crypto and get the goods or services you want.

You won't be charged a fee for making a payment using crypto, but PayPal has noted that there will be a conversion spread; so PayPal might swap the crypto at lower-than-market rates and pocket the difference.

For example, if the item you ordered was something you needed to fulfill a contract with someone else, and their cancelling of the order caused you to default on that contract, absent a different agreement, they would be liable for your inability to fulfill your obligations. In this case, the seller breached the contract, so ultimately the seller is liable for damages caused by said breach.

This has a big pile of common-law precedent. Bitcoin is a new transfer method, not a new concept in property law. If it was in dollars they would, technically, owe you interest, it's just that dollars are stable enough that that's not usually a significant sum, and most people don't worry about it when this kind of thing happens.

Now, everyone else's answers about legal tender and such do apply: You can't force them to pay you in Bitcoin. They can pay you the equivalent value in dollars if they choose. But there is good cause and good precedent for damages, so they may well owe you the full, current value of the bitcoins.

If the transaction is handled by them directly and not via a payment processor who, presumably, performed their job correctly then you have another avenue as well. The contract was never completed as agreed, and so the bitcoins in question are, legally, still yours.

They can either give them back to you, or pay you for their current value at time of contract breach plus interest if applicable. All of this is , however, subject to the terms and conditions of the sales contract, which was probably presented to you at time of sale, and may well very likely did specifically disclaim this portion of their liability. You did read the entire thing, right?

And you kept a copy, right? Disclaimer: I am not a lawyer. I did, however, get good grades in my business law summary courses, which covered property and contract law rather nicely. Note for the "risk free speculation" commentators: This cannot be reliably used for that, as it is dependent on the seller violating the terms of the sales agreement.

Further, if the seller discovered that you were doing it on purpose, that would be negotiation in bad faith on the buyer's part and would shift the liability the other way. How to handle it in the case of the return policy is another matter, and should be stated in the sales agreement. If not, then it could end up going to court for arbitration, and the ruling would likely depend on the reason for the return and evidence or lack thereof of the buyer making the deal in bad faith.

Contra proferentem interpretation against the draftsman. Most of the answers here state that it is unfair that the OP in effect is now allowed "risk free speculation". Given that the OP does not explicitly state in that there is a clause in the original transaction determining the method of refund, given that the transaction failed. The fact that his interpretation is governed on which way the USDBTC is irrelevant and moot, the seller as the drafter of the agreement, should have specified in the agreement his terms.

The reasoning for this is that the seller was originally in the best legal position, as the drafter of the agreement to impose any terms he wishes to avoid losses. However, if this was a matter of doing what is morally correct, what do you think is the right thing to ask for in return?

With that same logic, since that's precisely what the company in question would have done, the buyer has a right demand a refund in whichever currency they choose. Because the customer is always right, and that's also good business. What if the name of this company got out about how they failed to follow through both without a product AND without a valid a refund. They would have done the same to you, but you are the customer, so ask to be treated fairly as such.

I really just want to see the guy get his nice bitcoin markup the way the end user should from the frustration of the argument in the first place. I mean the guys handle is CharlieB like Charlie Bucket for crying out loud. If you pay X amount of bitcoins you should get back the exact same amount regardless of its market value.

This is no different that with any other currencies. What this store is doing is unscrupulous and it sets out a very bad precedent. Especially with currencies that fluctuate dramatically like bitcoins sometimes does. That's the way we have always done it so I don't see why we should start treating bitcoins transactions differently. You paid X amount of currency Y therefore you should get the same exact amount of X of Y back. Moreover, if the transaction had happened the way it was supposed to have happened, the vendor would've been the loser in the sense that he sold a product for what consumers were willing to pay that specific day but later on, for normal economic reasons that define the laws of demand and supply, that product's price went up and now people are willing to pay more for that product.

You should fight this guy all the way to the end. Moreover, I would strongly suggest that you share this merchant's name with us so we can all keep an eye opened for cancellations of this type. I think you would find it useful to know that PayPal honours the original exchange rate at the time of purchase see here. This is the behaviour I would expect if not otherwise stated in the Terms and Conditions of the vendor. You attempted to make an exchange of your Bitcoins in return for an item, the item was never received therefore the Bitcoins should be returned.

The price was in Bitcoins, because you paid in Bitcoins therefore the company took Bitcoins off you and not the equivalent in another currency. Whether the company sets the value of Bitcoins based against their exchange rate with another currency is entirely irrelevant, you did not pay using that currency. Quite simply no exchange ever occurred here, you paid in Bitcoins, you will recieve Bitcoins back, I don't see how the vendor has any right to adjust the number of Bitcoins it will return because the market is favourable to do so.

There seems to be some misunderstanding related to the fact that the vendor is situated in the US and that USD must be accepted others have stated, I can't guarantee this. What the law does not state is the amount of USD required to settle a debt, all it is saying is that a dollar equivalent must be provided. Please stop calling bitcoins a method of payment and not a currency. They are not a method; direct debit, standing order and bank transfer are all methods of payment, bitcoin is a currency in this regard as it is an asset that the vendor is willing to accept a quantity of in exchange for their goods.

Bitcoins are the input to the method in this regard. Many of you even state that bitcoin is an accepted currency by currency exchanges. Yet go on to state that it is just a method of payment later. You can call it skeumorphism by referring to your bitcoin cache as a wallet, but everywhere else we are treating this thing like a currency, if we then want to claim it isn't is it really so surprising that is as volatile as is?

Volatility is caused by uncertainty, and this is a prime example of why people are uncertain about bitcoin. There's examples of extremely volatile major government backed currencies out there, I don't see how volatility is an argument against its status.

If you can honestly say that you would be happy with BTC return, then you are right to feel indigent about the situation, otherwise, cut the vendor some slack. I am kind of surprised at this debate. I just checked the price of bitcoin vs the dollar a year ago, and found that was hovering around Therefore, the means of refund are of no importance since the rate today is almost identical to the rate a year ago. Noone stands to "win" from anything. Had you made the purchase 10 days later, I guess you'd be fighting for USD refund instead right?

In order to be the one who "wins from their failure". If you had paid with a bag of apples because that was your agreement then you should be able to expect a bag of apples back. The only undoing is that no one is obliged to repay their debt with Bitcoin since, as noted in other answers, US legal tender is valid for all debts in US jurisdiction.

The other position is equally as valid. He does not see it that you sent him 0. I agree. Interest is a common lingo for any currency not refunded on time if you were supposed to receive the product a long time ago. I just made a similar purchase with bitcoin money that I didn't have?? Maybe the company will not ship the product then? It says order confirmation. I emailed the manufacturer. It seems like the company would have a cruel website to suggest to me that bitcoin was an option just like paypal credit.

They don't seem like a cruel company by nature. Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Start collaborating and sharing organizational knowledge. Create a free Team Why Teams? Learn more. I paid in bitcoin, now I'm owed a refund. Can I demand it in bitcoin too? Ask Question. Asked 7 years, 5 months ago. Modified 4 years, 2 months ago. Viewed 12k times. My logic You can consider bitcoin in one of two ways: a a currency or b not a currency.

Fairness I think that, regardless of the legal side, it's fair for me to receive a full refund. Edit: Having read through the responses, they seem to have one or both of two themes. Improve this question. CharlieB CharlieB 1 1 gold badge 4 4 silver badges 6 6 bronze badges. Were there any other payment options paypal, visa, etc available at that time? How would this work if you were ordering internationally by credit card from a country that uses, say, Euros. Would you expect the same dollar amount refunded, or the same Euro amount?

I think you know what you are suggesting is not fair or reasonable otherwise you wouldn't feel the need to justify it. Many merchants who accept BitCoins automatically immediately convert them into a local currency. If the merchant did this, then neither of you has profited -- unless they honoured your request, in which case you would profit and they would lose.

Having discussed this at some length Aron and I disagree : — graffe. Show 12 more comments. Sorted by: Reset to default. Highest score default Date modified newest first Date created oldest first. I believe so too. I'm no legal expert, and no one here likely is, so it's certainly an opinion-based question. Improve this answer.

Please remove "everyone" from your answer, many of us realize that it is unreasonable to claim "I sold some stock to buy this thing that I returned so you need to refund me more because APPL went up. The fact that 1 Bitcoin could have been exchanged for USD75 at the time is completely irrelevant to the transaction in question. Richiban The agreed upon price was in USD.

That might have an effect on the outcome, true, but I don't see that in the original question? Show 10 more comments. I am not a lawyer, but Btw, the original price was listed in US dollars, right? Not BTC. Mallory-Erik Mallory-Erik 2 2 silver badges 6 6 bronze badges. Which highlights why Bitcoin is not really a functioning currency: it's way too volatile if you have to worry about value fluctuation on the timescale of a standard returns policy. You're not enjoying risk-free speculation.

If the seller is not the one to cancel the order, then the breach-of-contract liability is yours, in which case they can pass the currency exchange costs involved in processing your refund right back to you. If, however, the seller is the one who breaches the contract, then they are liable for returning you to the condition you would have been in had the contract never been executed absent contractual stipulations to the contrary, of course.

The coinage act lets them pay damages in dollars if they choose, not skip out of paying them entirely. Add a comment. A refund should be issued using the same payment method that was used at the time of purchase.

The actual value of a late refund should be defined by the merchant's base currency. George Kimionis George Kimionis 2, 1 1 gold badge 12 12 silver badges 23 23 bronze badges. Very good point George. The same method, but not the same raw number. Tim S. Where possible, as it is here, the benefit from an increase in value should belong to the same party that took the risk of loss from a decrease in value and that should also be the party that decides whether to hold the volatile asset or not.

Here, the merchant was holding the bitcoins, could have traded them or not traded them for other currencies as they wish, and bore the risk that the bitcoins would drop in value. They are entitled to the increase. Imagine how pissed you'd be if the bitcoins dropped in value to near zero and you didn't get the product but instead got back the bitcoins! Was there a sales contract?

Hugo Hugo 71 1 1 bronze badge. Treborbob Treborbob 2 2 bronze badges. You're entitled to a refund of equal value. David Schwartz David Schwartz Zack Stauber Zack Stauber 21 1 1 bronze badge. Just because it states that you can pay in US dollars, doesn't mean it has to be the US dollar value at the time of purchase. That depends on the size of debt, which is what we are debating here.

They can either give them back to you, or pay you for their current value at time of contract breach plus interest if applicable All of this is , however, subject to the terms and conditions of the sales contract, which was probably presented to you at time of sale, and may well very likely did specifically disclaim this portion of their liability. Perkins Perkins 1 1 bronze badge. I can't agree with you more.

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