Pay with Bitcoin
What is Bitcoin? How can I buy Bitcoins? How can I pay with Bitcoins?
What is a Bitcoin?
Bitcoin is the first form of decentralized (meaning it is not controlled by any organization or government) digital currency that can be exchanged from peer to peer for goods and services. Bitcoins are designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities.
There is a limited number of Bitcoins in circulation and new Bitcoins are created at a predictable and decreasing rate. A fixed number of Bitcoins means they are a commodity whose worth is determined by supply and demand (similar to stocks).
How do you get a Bitcoin?
Bitcoins are “mined” through a process where specialized computers search algorithms to solve difficult mathematical problems. Every time they find a solution, a Bitcoin is generated.
You can earn Bitcoin through “mining,” accepting them as payment for goods or services, or purchasing them at a Bitcoin exchange.
What are the benefits of Bitcoin?
These are just a few benefits Bitcoin offers over traditional payment options:
Ability to send and receive any amount of money instantly, anywhere, and at any time. Full control of your money. Bitcoin can be managed directly from your Bitcoin wallet. Full control of transactions. With Bitcoin, you control all your transactions. No one can process unwanted or unnoticed charges. Secure transactions. You are not required to provide sensitive or personal information with Bitcoin.
What is a Bitcoin Wallet?
A Bitcoin wallet is a digital wallet that stores your Bitcoin balance. A Bitcoin wallet contains your public address and private key, allowing you to buy, sell, exchange, and trade Bitcoins online and offline. Bitcoin.org describes a wallet like an email account: it stores information (Bitcoin) and allows you to send and receive information.
Is Bitcoin Secure?
Bitcoins have not yet been compromised. Bitcoin has a dedicated team improving security and safety for users. According to Bitcoin.org, It is not possible to create Bitcoin without mining, spend Bitcoin that belong to other users, or corrupt the network. For more information, please visit the Bitcoin FAQ. What is Coinbase?
Coinbase, a Bitcoin wallet, is the world’s largest platform for buying and selling Bitcoin for US dollars at the current market rate. The Coinbase online wallet offers a place to securely store your Bitcoin and send/ receive Bitcoin with minimal to no fees. Coinbase is known as the “easiest on-ramp to the Bitcoin world.” I’d like to learn more. Where can I find more information?
Please visit Bitcoin.org or their Wiki FAQ for more information.
How do I pay with Bitcoin?
Bitcoin is a digital currency that allows quick and secure online payments. We partnered with Coinbase, a Bitcoin platform, to enable Bitcoin as a form of payment on Overstock.com. Coinbase is a Bitcoin wallet that allows consumers to buy, sell, send, and receive Bitcoins.
If you are already a Bitcoin user and would like to place an order using this form of payment, select the Pay with Bitcoin under the Payment Information section of our checkout page.