How To Use Bitcoin For Payment

Paste it into the send to field in your wallet.

How to use bitcoin for payment. Another way to use bitcoin is by sending money to your friends or family. Step 1 on the coinbase dashboard click the buy sell menu. Instruct coinbase to hold part of your earnings in bitcoin and liquidate the rest. Use the following steps for desktop and mobile bitcoin purchasing. Step 3 select the payment method that you prefer.

Copy the address to pay using bitcoin into the payment window. Enter the payment amount into the amount field and send your payment. Finalize the payment by pressing the send button in your wallet or by scanning the qr code on the invoice with your mobile bitcoin wallet. The label parameter is generally used to provide wallet software with the recipient s name. Withdraw your payments to your local bank in exchange for a 1 fee.

Two other parameters are widely supported. A use case for this can be paying back a friend who bought you dinner returning a loan or even settling a bet. Pay using a web wallet. Manually select and copy the bitcoin address from the coingate invoice to your wallet or click the copy button and paste the invoice bitcoin address in your wallet. If you are using a web wallet you ll want to start a manual payment within the app.

The message parameter is generally used to describe the payment request to the spender. The future of payment how to make payments using bitcoin. Then get a digital wallet on your phone or computer which is where you ll store your bitcoins. Enter your email address and click on pay with bitcoin on the invoice. Enable bitcoin payments on your site for any type of service you want.

Step 2 the buy section will be displayed. To use bitcoin start by purchasing some bitcoins online through a trading exchange or using a bitcoin atm. The amount specified is always in decimal bitcoins btc. There seems to be a lot more you can do with your bitcoin nowadays and more are opportunities are popping up every day.