Ever purchased anything with Bitcoin?

Coingrabber · Sep 18, 2019

Is anybody capable of recommending me a site where I can work for bitcoin? I write in German, yet I'm capable of doing freelance writing in English as well. Would be glad to get a feedback by you. And yes, I have bought some software via bitcoin back in the day in 2015.

SocialManager · Sep 18, 2019

drilonnn said:
What fees? You mean the $0.3 fee on a $100,000 payment?

drilonnn said:
Even for low-priced items the fee is lower. Ex. Gaypal takes at least 3.9% + $0.3 on a $5 payment or even on a $2 payment. Whereas with BTC the fee is the same for any payment, and i'm talking about Bitcoin. Ethereum, Monero, LTC, ETC have way lower tx fees and faster tx confirmations.

PayPal doesn't charge me anything to purchase things. I only pay fees when people send me money, not when I purchase things or withdraw. I just checked all of my recent purchases no fees charged that I can see anywhere.

In order to get Bitcoin, I need to purchase it. To purchase it, as far as I know, I need to use an exchange. If I "buy" $5 of Bitcoin, I actually need to spend like $6.50 or something quite often.

I am not an expert in this, just a few trades which ended up costing me a lot more than I wanted to spend, but here is someone confirming this type of thing:

https://www.investopedia.com/tech/how-much-does-it-cost-buy-cryptocurrency-exchanges/

Here’s an example. Coinbase charges a flat fee of $1.99 for purchases of cryptocurrencies between $25 and $50. It also charges 3.99% of the transaction amount for purchases made through credit card. Thus, if the user makes a credit card purchase for $25 worth of cryptocurrencies, the variable fee is $0.99 and the flat fee is $1.99. Because the flat fee is greater, Coinbase will charge $1.99 for the transaction. Such transactions can become expensive for users interested in transacting amounts greater than $300.

So if you don't already have Bitcoin, it is definitely much more expensive and time consuming to purchase it and use it. PayPal just links directly to my credit cards, debit cards, and bank accounts. I can access all of my funds instantly and don't have to exchange it for an unbacked "currency" that could be worth 20% less if I fall asleep for a few hours.

Deleted member 1230714 · Sep 19, 2019

Yes, but it sucks imo. One time the verifications arrived to late so I basically paid for nothing. That's why I only use it for small amounts and if there is no other option to pay.

Global360 · Sep 19, 2019

mainly using it for trading online, and paying bills.

Idris93 · Sep 19, 2019

rez445 said:
Yes, but it sucks imo. One time the verifications arrived to late so I basically paid for nothing. That's why I only use it for small amounts and if there is no other option to pay.

Contact the support of the service or whatever that you paid for, if they are legit they will deliver because they got the money now.

Frenzied · Sep 19, 2019

SocialManager said:
I have used Bitcoin to purchase credits on some websites. I hated it. The fees were too high and it was too difficult. I would prefer to use PayPal but the websites didn't except it. It provided me with no convenience or anything. If I used Bitcoin on a regular basis, I guess the fees and problems I faced wouldn't exist, but I don't see any point for me. No protection. Seems sketchy.

Wait till you get banned.

PayPal will always hate the IM community no matter how closely you follow and respect their ToS.

You'll come crawling back to crypto.

Sad truth :/

Deleted member 1230714 · Sep 19, 2019

Idris93 said:
Contact the support of the service or whatever that you paid for, if they are legit they will deliver because they got the money now.

I did and they said it's not possible. I think the service was even of a BHW member.

Idris93 · Sep 19, 2019

rez445 said:
I did and they said it's not possible. I think the service was even of a BHW member.

how much time frame they gave you to send the money ?

JonathanGwrites · Sep 19, 2019

I paid a few freelancers from Venezuela in Bitcoin. Apparently, it's easier for them to cash out with than Paypal.

SocialManager · Sep 19, 2019

Frenzied said:
Wait till you get banned.

PayPal will always hate the IM community no matter how closely you follow and respect their ToS.

You'll come crawling back to crypto.

Sad truth :/

Almost 20 years using PayPal for internet marketing purposes... I will keep waiting!

I guess my PayPal account is older than many members of this website.

My PayPal account is old enough to purchase alcohol in Canada.

drilonnn · Sep 19, 2019

SocialManager said:
PayPal doesn't charge me anything to purchase things. I only pay fees when people send me money, not when I purchase things or withdraw. I just checked all of my recent purchases no fees charged that I can see anywhere.

In order to get Bitcoin, I need to purchase it. To purchase it, as far as I know, I need to use an exchange. If I "buy" $5 of Bitcoin, I actually need to spend like $6.50 or something quite often.

I am not an expert in this, just a few trades which ended up costing me a lot more than I wanted to spend, but here is someone confirming this type of thing:

https://www.investopedia.com/tech/how-much-does-it-cost-buy-cryptocurrency-exchanges/

Here’s an example. Coinbase charges a flat fee of $1.99 for purchases of cryptocurrencies between $25 and $50. It also charges 3.99% of the transaction amount for purchases made through credit card. Thus, if the user makes a credit card purchase for $25 worth of cryptocurrencies, the variable fee is $0.99 and the flat fee is $1.99. Because the flat fee is greater, Coinbase will charge $1.99 for the transaction. Such transactions can become expensive for users interested in transacting amounts greater than $300.

So if you don't already have Bitcoin, it is definitely much more expensive and time consuming to purchase it and use it. PayPal just links directly to my credit cards, debit cards, and bank accounts. I can access all of my funds instantly and don't have to exchange it for an unbacked "currency" that could be worth 20% less if I fall asleep for a few hours.

GayPal charges the sellers the fees that i mentioned, which means that the seller will increase the price to cover the fees. No wonder why every website that accepts Bitcoin offers at least 10% off if you pay with Bitcoin.

Also, there is no fee to buy Bitcoin on Coinbase if you pay through Bank Account.

Here it is: https://support.coinbase.com/customer/en/portal/articles/2109597-coinbase-pricing-fees-disclosures

SocialManager · Sep 19, 2019

drilonnn said:
GayPal charges the sellers the fees that i mentioned, which means that the seller will increase the price to cover the fees. No wonder why every website that accepts Bitcoin offers at least 10% off if you pay with Bitcoin.

Also, there is no fee to buy Bitcoin on Coinbase if you pay through Bank Account.

Here it is: https://support.coinbase.com/customer/en/portal/articles/2109597-coinbase-pricing-fees-disclosures

The link you provided literally states there is a fee for purchasing Bitcoin on Coinbase when you pay through bank account.

Canadians also can't use bank account on Coinbase, it seems. They recommend using a debit card OR PAYPAL.

I am not a Coinbase or Crypto expert, I don't understand if there are extra fees charged if I buy something using Crypto, but this alone is pretty clear that you are incorrect.

twinturbo90 · Sep 19, 2019

Yuppp.
Back in the old days around 2011-2012 I bought pizza, and a bunch of SR stuff.
Most recently some diet pills and toothpaste from Japan. Occasionally web services as well.

Deleted member 1230714 · Sep 19, 2019

Idris93 said:
how much time frame they gave you to send the money ?

I think it was 20 minutes

Area 51 Man · Sep 19, 2019

This is for people who haven't yet bought anything with Bitcoins. Some advantages...

- User anonymity
- No third-party interruptions
- Purchases are not taxed
- Very low transaction fees
- Mobile payments

What are you waiting for?

Idris93 · Sep 19, 2019

rez445 said:
I think it was 20 minutes

20 minutes isn't enough to get 6 confirmations, sometimes it can take more than two hours, so the timeframe that they set is not realistic. Man I think you need to contact the mods here or report this because 20 minutes untill they get 6 confirmations smells very fishy to me unless they mean 20 minutes to perform the transaction on your part and you failed to do that or performed it after the 20 minutes.

3tails · Sep 20, 2019

I have paid my web hosting in cryotocurrency before. Not usually Bitcoin itself (transaction fees are murder) but other coins like ETH, BitB, and BCH. Ones with less insane sending fees because paying in Bitcoin is like paying in gold coins: impractical in the modern era unless you're filthy rich or secretly Blackbeard.

The MOOK · Sep 20, 2019

Yes I buy amazon gift cards.

WatchMaker · Sep 22, 2019

Skyrank said:
Have you purchased anything online or in person with Bitcoin?

(Excluding other crypto coin)

Indeed, I can buy almost anything with Bitcoins nowadays.

In fact, I recently bought my hosting with bitcoin via Namecheap.

You can even buy stuff on Amazon with bitcoin using Purse.io platform with 15% OFF

Alexbru · Sep 22, 2019

Yes over 120 transactions in my list using btc

Ever purchased anything with Bitcoin?

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