Assuming we were able to get Bitcoins for our new wallet, we will have our Bitcoin wallet, Bitcoin address, and some Bitcoins. We can now spend these Bitcoins in similar fashion to other spending processes. However, it is harder to find a store or service that is offering what we want in exchange for Bitcoins. Here’s one of the longest lists of online stores that currently accept Bitcoins:
https://www.spendBitcoins.com/places/ (Appendix 4 lists these stores)
The other alternative for using Bitcoins, is person to person commerce. Any person we find on craigslist, ebay, or any auction site may allow using Bitcoins to complete the transaction.
A Bitcoin transaction for a buying from a store looks like this:
As with any other form of payment, we have to fill out the usual our name, phone, address and delivery information before getting to the payment screen:
There is a time limit for this screen and the Bitcoin address provided of about 15 minutes. We have 15 minutes to send money by one of two ways for our purchase. If we have our Bitcoin wallet client loaded on our computer and it has what is called the “URI-Compatible” wallet running, we can press the “Click Here” button and instantly send the Bitcoins from our wallet to the chocolate store.
URI-Compatible wallets include: Blockchain.info, Armory, Bitcoin Wallet, Multibit Spinner, and a few other smaller players.
The QR code - of black and white blocks in the center- is for scanning our phone and paying with a smart phone loaded Bitcoin wallet.
The most common and simplest way is using the long and unique Bitcoin address for sending the payment. To send Bitcoins via email from our Bitcoin wallet address to the chocolate company for this purchase, we must go to our Bitcoin wallet. Here, we go to our wallet on Coinbase.com and head to the page for “sending money”. Depending on where you have your wallet located, it may appear a bit different than the image below. However, they all have a send money screen that is similar and operates almost exactly the same way:
In the “To:” section we put the Bitcoin address of the chocolate company, which they’ve listed, on their buying screen. Cut and paste the Bitcoin address in, and then set the Bitcoin amount of 0.86 btc for the price of the chocolates. Hit send, and chocolates are on the way!
Important to note, there can be a delay time of around 10 minutes for the merchant or seller to accept your purchase. Generally, this delay of 10 minutes just applies to the computer and phone-based Bitcoin wallets. The merchant has to confirm that the Bitcoin spend is legitimate by checking around the network of all Bitcoin holders. Online wallets generally provide instant recognition of Bitcoin spends or sends.
There are other ways of spending Bitcoins. There can be bulk sends, donations, and escrow versions. Each system of wallets and exchanges has slightly different ways of spending Bitcoins.
For sending donations or tips, the format in forums and other systems looks like this:
+Bitcointip @Username $1usd
https://www.spendBitcoins.com/places/ (Appendix 4 lists these stores)
The other alternative for using Bitcoins, is person to person commerce. Any person we find on craigslist, ebay, or any auction site may allow using Bitcoins to complete the transaction.
A Bitcoin transaction for a buying from a store looks like this:
Online Bitcoin Store: BlackMarket
Offline Bitcoin Store
As with any other form of payment, we have to fill out the usual our name, phone, address and delivery information before getting to the payment screen:
There is a time limit for this screen and the Bitcoin address provided of about 15 minutes. We have 15 minutes to send money by one of two ways for our purchase. If we have our Bitcoin wallet client loaded on our computer and it has what is called the “URI-Compatible” wallet running, we can press the “Click Here” button and instantly send the Bitcoins from our wallet to the chocolate store.
URI-Compatible wallets include: Blockchain.info, Armory, Bitcoin Wallet, Multibit Spinner, and a few other smaller players.
The QR code - of black and white blocks in the center- is for scanning our phone and paying with a smart phone loaded Bitcoin wallet.
The most common and simplest way is using the long and unique Bitcoin address for sending the payment. To send Bitcoins via email from our Bitcoin wallet address to the chocolate company for this purchase, we must go to our Bitcoin wallet. Here, we go to our wallet on Coinbase.com and head to the page for “sending money”. Depending on where you have your wallet located, it may appear a bit different than the image below. However, they all have a send money screen that is similar and operates almost exactly the same way:
In the “To:” section we put the Bitcoin address of the chocolate company, which they’ve listed, on their buying screen. Cut and paste the Bitcoin address in, and then set the Bitcoin amount of 0.86 btc for the price of the chocolates. Hit send, and chocolates are on the way!
Important to note, there can be a delay time of around 10 minutes for the merchant or seller to accept your purchase. Generally, this delay of 10 minutes just applies to the computer and phone-based Bitcoin wallets. The merchant has to confirm that the Bitcoin spend is legitimate by checking around the network of all Bitcoin holders. Online wallets generally provide instant recognition of Bitcoin spends or sends.
There are other ways of spending Bitcoins. There can be bulk sends, donations, and escrow versions. Each system of wallets and exchanges has slightly different ways of spending Bitcoins.
For sending donations or tips, the format in forums and other systems looks like this:
+Bitcointip @Username $1usd
Sending tips, donations, bulk payments, can all be handled through Bitcoin wallets instead of memorizing codes.
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