PTFC
R.I.P.
- Joined
- Dec 3, 2014
- Messages
- 4,393
I think you are okay with what you have @Heavenlee, just make sure you have a private wallet to transfer your bought coins to, and use that wallet to purchase with vendors! ☺
I downloaded this app also, I'm still trying to figure out how you pay a vendor with it. Anybody with any information on how to use this coinbase, pay vendors etc. would help us out greatly. @Heavenlee I thought you'd like to know I'm trying to figure it out myselfI used coinbase it's an app on my iPhone so I'm sure it's on android devices. You pick your wallet they offer suggestions I chose Elektrum. But I'm sure other people know a hell of a lot more than I know. I'm just getting to know the ins and outs. And I'm still learning. Funny I got it all setup and the vendor I was going to use it with wants to change payment methods!
Yes, you can buy, sell and spend fractions of bitcoins, and all in all, you will buy them from individuals if you use a bitcoin exchange. Once you get into it, it's very easy to do. There are many tutorials on the Web, I recommend members get clued up here,because we are going to see so much more of this payment method in the future.I may be way off the mark here, but do i understand correctly if one bitcoin costs around 600$ or so? what happens if you only want to use part of that bitcoin. are you left with a fraction of a bitcoin. I know nothing about this stuff so excuse my ingorance, but i'm tempted to learn as lotsa vendors seem to prefer it and even give discounts if you pay that way. Many people recommend localbitcoins.com, but you seems to buy from users of that site and not the site itself. are there any guarantees the site provides that their sellers are legit? I have a feeling i need to ask more question once i've aquired one on how to actually use it, but i'll leave that for later, unless someone could point me in the direction of a comprehensive guide detailing how this actually works. this thread has been helpful, but i feel there's lot of different opinions, sometimes contradictory.
It seems i'm going to get clued up as starlite seems to be just what i need and of the payment options he accepts bitcoin is the only one that works for meYes, you can buy, sell and spend fractions of bitcoins, and all in all, you will buy them from individuals if you use a bitcoin exchange. Once you get into it, it's very easy to do. There are many tutorials on the Web, I recommend members get clued up here,because we are going to see so much more of this payment method in the future.