TRASTRA Blog | Gift cards you can buy with crypto

List of Bitpay merchants that accept Bitcoin Cash / BCH (sorted by Alexa ranking; high profile names only)

Bitpay merchants that accept Bitcoin Cash / BCH (high profile names only):

Alexa Rank Website Business Type
5 Wikipedia.org Online Encyclopedia
602 NewEgg.com Electronics Retailer
648 ATT.com Telecommunications Services
1,807 NameCheap.com Domain Names
3,098 Avira.com Anti-virus & Internet Security Software
9,637 PrivateInternetAccess.com VPN
10,875 TorProject.org Tor Project (donation)
14,122 Lieferando.de / Takeaway.com Food Delivery (Europe)
14,797 Dish.com Satellite TV
16,667 EFF.org Electronic Frontier Foundation / Privacy & Free Speech Activism (donation)
21,704 Apmex.com Gold Dealer.
21,928 Gandi.net Domain Names.
32,545 Destinia.com Travel Agency.
36,908 JMbullion.com Gold Dealer.
120,413 Gyft.com Gift Cards.
149,219 eGifter.com Gift Cards.
293,392 BullionStar.com Gold Dealer & Storage (Singapore).
3,257,840 PostOakMotors.com Rolls-Royce, Bentley and Bugatti Car Dealership (Houston, TX).
Notable NON-BITPAY Merchants That Also Accept Bitcoin Cash (BCH)
To pay a Bitpay-enabled merchant, use a Bitpay-compatible wallet.
I recommend the Bitcoin.com Wallet, since it supports Bitpay merchant payments in BCH, it supports both CashAddr & legacy address formats for BCH, and you have the option of creating a BCH wallet without creating a BTC wallet.
I'm not using hyperlinks on the merchant list, because Reddit seems to auto-delete threads with certain banned domains (and I don't know which ones they ban).
I'll try to regularly update & maintain the above list, but I'm only going to focus on high profile name businesses, to keep everything to a manageable size.
submitted by normal_rc to btc [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to Bitcoin!

Maybe you're here because you've received a tip on social media or from /FreeBits, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:

What are Bitcoins worth and where can I buy them?

Bitcoins are valued at what market price people are willing to pay for them. Here is a useful site that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just google "1 bitcoin in (your local currency)".
You can buy or sell any amount of bitcoin (from as little as $1 worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank account. Top recommendations include:
US & Europe
China
Also exchanges such as those listed below can be used with bank transfer in most of Europe and US
For even more bitcoin exchanges by country location, review these exchange country listings.

Where can I spend Bitcoins?

A comprehensive list can be found at TheBitcoinPage.com but some of the key ones are below:
There are also lots of charities which accept bitcoin donations, such as Wikipedia and the RNLI. You can find a longer list here.

Merchant Resources

If you operate a business and want to accept bitcoin as a payment method, there are several options available:

Can I mine bitcoin?

Mining bitcoins can be a fun hobby but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The friendly folks at /BitcoinMining would be happy to help you out.

Securing your bitcoins

With bitcoin you can be your own bank and personally secure your bitcoins or you can use trusted companies such as Coinbase and Circle which have secured wallets where they hold the bitcoins for you and provide insurance. Be sure to only deal with reputable companies, if you have any concerns about a company's trustworthiness just ask or check their consumer reviews and ratings.
If you prefer to have direct control over your coins without having to use a trusted third party you can use personal wallets for desktops / laptops, android and iOS where you alone hold your private keys. Electrum, Mycelium and breadwallet are popular, but there are many options.
Find a wallet that works best for you
For increased security use Two Factor Authentication (2FA) everywhere it is offered, including email! (2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access). Google Authenticator and Authy are two great apps for handling 2FA.
Additional security systems such as Mycelium Entropy (for printing multi-signature paper wallets) and the Trezor Hardware Wallet are great ways to easily secure your coins. Or, you can opt to secure your bitcoin using cold storage.
Note: Do not use brainwallets unless you are an expert, they are known to be vulnerable to theft unless set up correctly.

Tipping

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. There's lots of discussion about which unit is the most appropriate so you might see people using different ones until people agree:
Unit Value Info
mBitcoin / mBTC 1,000 in a bitcoin SI unit for milli i.e. millilitre (ml) or millimeter (mm)
μBitcoin / μBTC 1,000,000 in a bitcoin SI unit for micro i.e microlitre (μl) or micrometre (μm)
bits 1,000,000 in a bitcoin Colloquial term with the same value as μBTC
Satoshi 100,000,000 in a bitcoin The smallest unit of bitcoin, named after the inventor
For example, assuming an exchange rate of $500 for one Bitcoin, a $10 meal would equal:
Assuming the worth of bitcoin continues to increase, it will become easier to work at these lower divisions in day to day life.
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BashCo to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome To The /Bitcoin Sticky FAQ

Maybe you're here because you've received a tip on social media, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:

What are Bitcoins worth and where can I buy them?

Bitcoins are valued at what market price people are willing to pay for them. Here are a couple useful sites 1 and 2 that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just google "1 bitcoin in (your local currency)".
You can buy or sell any amount of bitcoin (from as little as $1 worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank account. Some recommendations include:
US & Europe
Australia
China
All countries
Always do your own personal due diligence on the validity of an exchange and check the URL prior to sending them money or entering login credentials. Phishing sites are not uncommon. Use this checklist if you aren't sure which exchange to choose.

Where can I spend Bitcoins?

A comprehensive list can be found at TheBitcoinPage.com but some of the key ones are below:
Store Product
Microsoft Xbox games, phone apps and software
Spendabit and The Bitcoin Shop Search engines of online retailers accepting bitcoin with millions of results
Overstock Everything under the sun
Gyft Gift cards for thousands of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, etc.
Reddit Gold Premium membership which can be gifted to others
NewEgg, TigerDirect and Dell For all your electronic needs
Expedia, Cheapair and 9flats For when you need to get away
Wordpress, Namecheap, Mullvad and PIA Handy web services
Foodler and Takeaway Takeout delivered to your door!
HumbleBundle and GreenmanGaming For when you need to get your game on
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. UK residents can find a comprehensive directory of shops, pubs, websites and other places in the UK that accept bitcoins at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross and the RNLI. You can find a longer list here.

Merchant Resources

If you operate a business and want to accept bitcoin as a payment method, there are several options available:

Can I mine bitcoin?

Mining bitcoins can be a fun hobby but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The friendly folks at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network, you can run a full node by hosting the blockchain and propagating transactions. Here is a handy setup guide

Securing your bitcoins

With bitcoin you can be your own bank and personally secure your bitcoins or you can use trusted companies such as Coinbase and Circle which have secured wallets where they hold the bitcoins for you and provide insurance. Be sure to only deal with reputable companies, if you have any concerns about a company's trustworthiness just ask or check their consumer reviews and ratings.
If you prefer to have direct control over your coins without having to use a trusted third party you can use personal wallets for desktops / laptops, Android and iOS where you alone hold your private keys. Electrum, Mycelium and Breadwallet are popular, but there are many options.
Find a wallet that works best for you
For increased security use Two Factor Authentication (2FA) everywhere it is offered, including email! (2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access). Google Authenticator and Authy are two great apps for handling 2FA.
Additional security systems such as Mycelium Entropy (for printing multi-signature paper wallets) and the Trezor Hardware Wallet are great ways to easily secure your coins. Or, you can opt to secure your bitcoin using cold storage.
Note: Do not use brainwallets unless you are an expert, they are known to be vulnerable to theft unless set up correctly.

Earning bitcoins

Just like any other form of money, you can earn bitcoins by working for them. Here are a few resources for bitcoin jobs.

Tipping

Bitcoin Units

Note: This is a brief overview to the most commonly used Bitcoin units. For full information check out the Bitcoin Units wiki (work in progress).
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common ones are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (ml) or millimeter (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μl) or micrometre (μm)
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending mod approval. The original sticky can still be found here.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BashCo to Bitcoin [link] [comments]

Bitcoin, a Global Reserve (would love feedback)

It feels like we’re about month six into an indefinite branding war with the mainstream financial community and even some of our own over whether bitcoin per se, or blockchain technology (sans deflationary currency) is the winning fintech innovation from 2009. And admittedly, there are good arguments against bitcoin becoming a legitimate currency — or even a rails of payments used by anyone who prefers to keep their bank account intact and stay on the right side of the law.
For instance, there is still institutional fear that the technology is infeasible to use for payments because it’s impossible to reverse charges, and difficult to surveil the bitcoin network for bad actors and black market transactions (both problems seem solvable by bitcoin startups). There is wariness to buy-in to the “bitcoin as a backbone” argument where institutions hide the currency and use the tech and its token behind the scenes, mainly because bitcoin is still (according to its own chief scientist) in a beta release. The security of the network is still relatively weak, and hundred billion dollar multi-nationals aren’t going to invest in a network that might cease to exist in five years without any clear contingency plans.
As a Bitcoin permabull, these short term challenges don’t bother me. But I list them because they are rational concerns and ones that will take years to quell at an institutional level. In the meantime, you’ll see dabbling in alternative protocols like Ripple and Stellar and Ethereum and Hyperledger, and (gasp) these same institutions will even fork open-source code and make it their own. (Michael Lewis writes in Flash Boys about the laughable degree to which Goldman makes open-source code their own “IP”.) I think Tim Swanson’s paper nailed it (for the most part) and that this experimentation with blockchain-not-bitcoin is perfectly fine.
Bitcoin might not ultimately make it as a currency in the world’s largest economies, and it might prove to be a pretty poor store of value if its corresponding tech is relegated to second-tier status in favor of a more government/bank friendly protocol. With that in mind, competition is healthy and new ideas are welcome when it comes blockchain tech, I think.
But there is a huge caveat.
The longer that bitcoin survives, the more likely it is to disrupt a large swath of developing economy currencies. I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app. In a stroke of irony, we might be looking at 50–50 odds that bitcoin’s character arc goes from cryptoanarchist currency, to commodity that powers 1.0 financial technology, and back to functional currency reserve for much of the developing world. And if that’s where it settles for the medium-term, it would still be a phenomenal outcome.
Consider: Bitcoin inflation slows to ~4% by 2017 — reasonable by most any economist’s modern standards and not too far off of the target thresholds for most central banks. This is also a predictable 4%. Yes, that figure belies the forex swings that bitcoin will inevitably experience as a young currency, but the rate of seignorage will still be quite low. And less new bitcoin money creation will inevitably reduce sell-side pressure from miners as a percentage of total network transactions. That could and probably will help the market stabilize enough to price more and cheaper derivatives to hedge out volatility for those who don’t want it.
Consider: Most developing economy currencies suck, and will be debased into oblivion within two decades, if not much sooner. If you believe your current currency has a 50% chance of being completely destroyed in the next ten years, and think bitcoin has a 50% chance of being alive at all, it makes sense to buy bitcoin with your less sexy currency. It probably only takes one country to start buying bitcoin for their central bank (as if it’s gold), for others to follow suit in rapid succession. (FWIW, Gyft’s Vinny Lingham, who has proven to have an uncanny knack for picking the price trends that matter, agrees with me.)
Consider: Dozens of countries around the world already operate on a two currency system with the US dollar as a viable alternative to their local options. Economists’ dismissiveness of bitcoin as a potential reserve currency on the grounds that “governments and their central banks would never cede that kind of monetary control” ignores pretty much all of the evidence that already exists which shows how it is an extremely rare luxury to live in a country with a central bank that has any flexibility whatsoever with respect to monetary policy. i.e. if a country’s central bank stores dollars and gold, it might like BTC.
Consider: Not even the US dollar is likely to be the world’s reserve currency in 20 years. I have begged on social media for some smart economist to refute this, but none have so far. It’s easy to look at our surging economy and think “we’re still the best”, but China’s economy will dwarf our own by 2040. India will likely eclipse us as well. And its a slam dunk that frontier markets will continue to command a larger chunk of the global GDP pie. (Europe is still probably screwed.) In a world where the US is the second or third largest economy in the world and commands 15% of its GDP rather than 25%, who honestly thinks the greenback is going to be the only currency reserve? (That’s not rhetorical, by the way. Send me a counter-argument and I’ll reprint it.)
If all that is true, then it follows: In a world where even the mack daddy of all fiat reserve currencies is dethroned, and a neutral, stable, predictable alternative exists, some countries are going to start taking a chance on bitcoin. It really only takes one successful experiment to create a domino effect, and those tier II (and III and IV) government currencies will collectively fade to black. The longer bitcoin survives, the longer we have to build the robust infrastructure to support a fully functional bitcoin ecosystem that could swoop in to support an entire small country. All we need to do is stay heads down and wait for one regional storm to brew in a world that is frankly already plagued by currency wars.
In a stroke of irony, policymakers and Keynesian economists might finally see the “bancor” global reserve currency that their idol John Maynard Keynes proposed 80 years ago.
Only it will sneak up on them from the frontier. And it will be completely beyond their control.
submitted by twobitidiot to Bitcoin [link] [comments]

Bitwage Releases Bitcoin Payroll for the Individual. Live your life in Bitcoin, with or without your Employer.

Bitwage Releases Bitcoin Payroll for the Individual, BP(i) and Enters Beta.
Ways to spend Bitcoin have been growing rapidly since 2013 (Overstock, Gyft, TigerDirect, Expedia and soon PayPal, etc). However, ways of getting Bitcoins have not been growing as quickly, creating a downward pressure on the price of Bitcoin at the online exchanges and little demand for said merchants. There is quite a bit of friction involved in buying Bitcoin from an exchange, with lots of personal information and wait time required. How can we expect mainstream adoption with such high barriers to entry?
*Enter Bitwage Payroll. *
Earning Bitcoin during your day job minimizes friction of on-boarding, while at the same time reducing the number of steps and commission spreads. With Bitwage, there is now an easy way to obtain Bitcoins with Zero-Click Bitcoin Payrolls. We at Bitwage recognize that implementing Bitcoin Payroll may not be at the top of every employer’s list, leaving many who wish to receive a portion of their pay in Bitcoin wanting. This is why we are happy to announce that:
Bitwage Releases Bitcoin Payroll for the Individual, BP(i) as of November 3rd
Bitwage allows anyone, regardless of how big or small, Bitcoin-friendly or Bitcoin-hostile their employer is, to be able to receive a Bitcoin wage. If your employer offers direct deposits, there is no need to evangelize the employer about Bitcoin. Just switch to a bank account that happens to be Bitcoin-friendly. No need to go all-in to Bitcoin. Convert as much or as little of your paycheck to Bitcoin as you want, say 10%.
This is a FREE Private Beta. Sign up at https://www.bitwage.co to get started!
In addition, the Bitwage solution will allow for employees and employers alike to create their capital gains reports and file them through our partnership with Gocheto Financials with just a few clicks.
So what are some of the implications of BP(i):
Live Your Life in Bitcoin, Regardless of Your Employer
Everyday, more and more people are looking for ways to minimize their reliance on the current financial system in exchange for a taste of the future. With the current methods, users have to rely on the inefficient banking systems to act as a conduit between the traditional sector and the digital sector. Now, with BP(i), you can live within this modern digital ecosystem without interfacing with a banking intermediary. From as small as 1% to as large as 100% of your paycheck, you can now live the way you want to live. Whether you are a new user looking at Bitcoin as an investment or you are looking for a way to move into the next generation of financial systems, now you can live your life in Bitcoin.
Unbanked and Underbanked Now Have a New Way to Get Paid
Through BP(i), the unbanked and underbanked in the United States now have a way to access modern financial tools, regardless of their employers.
There are over 10 million unbanked residents in the US alone who either cannot keep a minimum balance to establish a bank account or do not trust the banks in general. Without bank accounts, this segment of the population are forced to deal with the fees and friction associated with the check cashing and prepaid cards industry. In 2012, Green Dot, a major prepaid card player, reported that there were more than 4.2 million active cards and $16.1 billion in gross dollar volume of funds loaded onto their cards that year. Netspend reported 2.1 million active cards with $11 billion in gross dollar volume. The costs associated with prepaid card include initiation fees, monthly fees, POS fees, cash withdrawal fees, balance inquiry fees, transaction statement fees, customer service fees, bill payment fees, fees to add or load funds, dormancy fees, fees to get remaining funds when closing the account and overdraft fees. On average, the fees on prepaid cards cost the unbanked and underbanked up to $30 a month depending on the card. In addition, there were over $31 billion in overdraft fees last year in the US alone. These costs are just for the ability to hold and send money.
With BP(i), unbanked and underbanked now have a new opportunity to have access to these basic financial tools without all of the exorbitant costs related to the traditional financial system. Although Bitcoin payroll may initially act as an investment vehicle due to its volatile nature, as the ecosystem evolves and provides new tools to hedge against the volatility of Bitcoin, BP(i) provides new avenues to provide financial relief to those that need it most.
Receiving International Contractor Payments Just Got Way Easier
Over 2.6 million full-time jobs are outsourced from the United States alone. Millions of freelancers contract for companies in US and Europe from other countries, many of them without a reliable banking network or wire-transfer capabilities. Even after international contractors are paid, after all the delays, transfer fees and conversion fees (which total to about 8% on average), their local currency can be quite volatile and not a good store of value, such as the Ukraine Hryvnia, which lost over half its value against USD during 2014).
What do citizens of countries with high (and under-reported) inflation rates such as Ukraine, Argentina and Venezula do to store the value of their wages? They exchange their local currency for dollars as soon and as often as possible. They often have to deal with currency controls and/or a real shortage of paper dollars in their region, and thus resort to doing business with back-street money changers, who charge a premium for their services, say 8 Argentinian Pesos for a Dollar, instead of the official rate of 5 Pesos.
With the creation of BP(i), receiving international contractor payments is as easy as receiving Bitcoins. Use Bitwage to accept the payments in the US, thereby reducing costs for both you and your employer, and have Bitcoins sent straight to your wallet. By the end of the year, we will be offering fully transparent international payments between the US and the Philippines. This service will be expanded to other countries in early 2015.
As we enter Beta, we will initially be keeping BP(i) and Automatic Zero-Click Bitcoin Payrolls free. Charges may apply for features such as non-automatic payrolls with Wire, ACH Debit, and Bitcoin, as well as 1099 Filings and Capital Gains Filings.
Sign up at https://www.bitwage.co to get started in our FREE private beta. For more information, please follow us at https://www.twitter.com/bitwage
Jonathan Chester, Founder and CSO
Avram Kantorovich, Marketing
Bitwage: Your Wage, Bit by Bit
submitted by bitwage to Bitcoin [link] [comments]

Why Reddcoin should avoid the Chinese Exchanges

Quick, how many Chinese merchants accept Bitcoin? None. Any altcoin accepting merchants? Nope.
That's because their govt banned the use of it as a currency. All cryptocoins are good for in China is as gambling tokens
Reddcoin needs to decide, does it want to be a currency in a real economy or does it want to be a gambling token in a casino.
If you look at coinmarketcap.com, BTC/USD trades completely outweigh BTC/CNY trades. This is a sign of health. Lots of payment processors and people like Gyft are using the BTC/USD pair to square their accounting books at the end of the day. It's a sign of real economic activity. The BTC/CNY trades by contrast are pure gambling because you simply can't do anything else with BTC in China.
Now look at Doge and Litecoin - they are dominated by the Chinese and Russian exchanges, and ever since they got popular there as gambling tokens, the value has fallen. Think about it if you are a merchant - would you accept a currency if it was mainly used by gamblers and the volatility was huge? Of course not, it's too risky.
Some people will say, "But just look at those volumes, we should have some of that". But how would it help the project to get in a load of gamblers to overwhelm the coin? If you think today's plunges on Cryptsy are bad, think how much worse it would be with a new cohort of gamblers added to the mix.
I think we should stick to places where crypto is legal, and at the moment this means Europe, Canada, the USA. Australia and New Zealand, plus everywhere in Africa that accepts the Mpesa app.
You could tip a starving poet in the west some Redd and there is a mechanism by which they can convert it to buy some bread and wine (sell for btc and use Gyft or one of the many crypto-gift voucher businesses that have sprung up). If you tip a starving Chinese poet, all he can do is use it as a gambling token. How does that help the economy?
I think we should stop pushing the Chinese exchanges to accept Redd. If they do so of their own accord, then fine. But we shouldn't push it, we should concentrate on the project objectives, so that if and when a whole lot of Chinese or Russian gamblers got into Redd they wouldn't overwhelm and kill the project.
submitted by aenor to reddCoin [link] [comments]

FAQ - Newcomers please read

Welcome to Bitcoin!

Maybe you're here because you've received a tip on social media or from /FreeBits, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:

What are Bitcoins worth and where can I buy them?

Bitcoins are valued at what market price people are willing to pay for them. Here is a useful site that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just google "1 bitcoin in (your local currency)".
You can buy or sell any amount of bitcoin (from as little as $1 worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank account. Top recommendations include:
US & Europe
China
Also exchanges such as those listed below can be used with bank transfer in most of Europe and US
For even more bitcoin exchanges by country location, review these exchange country listings.

Where can I spend Bitcoins?

A comprehensive list can be found at TheBitcoinPage.com but some of the key ones are below:
There are also lots of charities which accept bitcoin donations, such as Wikipedia and the RNLI. You can find a longer list here.

Merchant Resources

If you operate a business and want to accept bitcoin as a payment method, there are several options available:

Can I mine bitcoin?

Mining bitcoins can be a fun hobby but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The friendly folks at /BitcoinMining would be happy to help you out.

Securing your bitcoins

With bitcoin you can be your own bank and personally secure your bitcoins or you can use trusted companies such as Coinbase and Circle which have secured wallets where they hold the bitcoins for you and provide insurance. Be sure to only deal with reputable companies, if you have any concerns about a company's trustworthiness just ask or check their consumer reviews and ratings.
If you prefer to have direct control over your coins without having to use a trusted third party you can use personal wallets for desktops / laptops, android and iOS where you alone hold your private keys. Electrum, Mycelium and breadwallet are popular, but there are many options.
Find a wallet that works best for you
For increased security use Two Factor Authentication (2FA) everywhere it is offered, including email! (2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access). Google Authenticator and Authy are two great apps for handling 2FA.
Additional security systems such as Mycelium Entropy (for printing multi-signature paper wallets) and the Trezor Hardware Wallet are great ways to easily secure your coins. Or, you can opt to secure your bitcoin using cold storage.
Note: Do not use brainwallets unless you are an expert, they are known to be vulnerable to theft unless set up correctly.

Tipping

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. There's lots of discussion about which unit is the most appropriate so you might see people using different ones until people agree:
Unit Value Info
mBitcoin / mBTC 1,000 in a bitcoin SI unit for milli i.e. millilitre (ml) or millimeter (mm)
μBitcoin / μBTC 1,000,000 in a bitcoin SI unit for micro i.e microlitre (μl) or micrometre (μm)
bits 1,000,000 in a bitcoin Colloquial term with the same value as μBTC
Satoshi 100,000,000 in a bitcoin The smallest unit of bitcoin, named after the inventor
For example, assuming an exchange rate of $500 for one Bitcoin, a $10 meal would equal:
Assuming the worth of bitcoin continues to increase, it will become easier to work at these lower divisions in day to day life.
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out. If you decide to post a question in /BetterBitcoin, please use the search bar to see if it has been answered before and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
More informational material, provided by Bitcoinsultants.org:
Welcome to the Bitcoin community and the new decentralized economy!
submitted by moon_drone to BetterBitcoin [link] [comments]

People outside of the US, what are the online options for spending bitcoin?

I can't find many reputable sites selling stuff on my side of the world.
I'm in Europe, and Overstock Worldwide doesn't accept bitcoin and I can't use Gyft.
Where do you guys shop?
submitted by gapmunky to Bitcoin [link] [comments]

Bitcoin: Hvordan man køber fra Amazon via Gyft Bitcoin Transaction Gyft Tutorial - How to Use Gyft App with Bitcoin Demo GYFT+Chain com Bitcoin wallet+loyalty managed over blockchain Vinny Lingham of Gyft @ CoinSummit

Others believe that bitcoin is another financial bubble, similar to the tulip fever in Europe or the dotcom bubble in the US in the last century. Both camps use gyft bitcoin in their own interests, changing the direction of the bitcoin market in a matter of days or even in a few hours from positive to negative or vice versa. An American online travel agency, established in 1989 has started accepting Bitcoin through Coinbase and later on changed their payment processor to BTCPayServer. Gyft. Buy & send gift cards online for retailers like Amazon, Starbucks, and iTunes. The company accepts Bitcoin as payment without any additional fees. NewEgg Who is Gyft? We are the #1 trusted mobile gift card app where you can easily upload, buy, and redeem gift cards in stores or online. Use Gyft to also keep track of gift card balances and instantly send friends and family gift cards they’ll love. Offering a 3% Bitcoin Discount: Mobile app that allows you to store, send and receive digital gift cards! Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics.

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Bitcoin: Hvordan man køber fra Amazon via Gyft

Quick Bit interview with CJ MacDonald at Money 20/20 in Las Vegas. Gyft enables bitcoin users to spend bitcoin at hundreds of retailers who do not accept bitcoin. You can buy gif cards faster ... Perianne Boring with Money & Tech interviewed Vinny Lingham, CEO of Gyft, about his digital gift card platform. Vinny spoke to Perianne about how his business has shifted since accepting bitcoin ... The bitcoins course by Academy Europe begins by introducing what bitcoins are, then proceeds with the installation of the bitcoin client software and wallets to make bitcoins transactions possible. Demo GYFT+Chain com Bitcoin wallet+loyalty managed over blockchain - Duration: 10:38. BPP-shared 3,676 views. 10:38. Language: English Location: United States Restricted Mode: Off ... Como comprar en gyft utilizando Bitcoins. En este tutorial muestro como usar cualquier monedero web based (yo uso Blockchain en este ejemplo), para comprar una giftcard de 20 USD en Amazon.

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