A question people who don’t hold any Bitcoin ‘nocoiners’ regularly ask is where can you spend Bitcoin?

Bitcoin is well-known as digital gold, and to be fair, that is enough for the value to rocket from its relatively low market valuation of just over $1 trillion.

Bitcoin is also the only truly decentralized blockchain, and making thousands, or millions of transactions per second on the main Bitcoin blockchain isn’t possible, yet.

But Bitcoin is programmable money, and companies are plugging into the Bitcoin network and making it possible for people to spend Bitcoin with them.

But mainstream wants to know: Can I spend or buy Bitcoin at Walmart? Can I spend Bitcoin at the world’s biggest online retailer Amazon? And how about my daily groceries and coffee? Who accepts Bitcoin? Can I spend Bitcoin anonymously?

There are many places to buy Bitcoin, but when it comes to spending it, the answer is nuanced. It all depends on the retailer and the way you actually want to spend your Bitcoin, but for a few examples, read on…

First and foremost, we a Bitcoin Maximalist accept Bitcoin in our Bitcoin Store. We sell unique Bitcoin t-shirts, hoodies, and other apparel. We even have a children’s department, so if your offspring is an avid Bitcoiner, allow them to show their colors with our extensive range of unique designs.

Now with our advertisement over let’s look into a few other places where you can spend Bitcoin.

The largest e-commerce site that accepts Bitcoin is Overstock.com. Launched in 1999, Overstock has over 1 million products for sale, ranging from home furniture to tech products, and was one of the first retailers to start accepting Bitcoin.

The world’s biggest retailers Amazon and Walmart don’t allow you to spend Bitcoin there, yet, but that will happen. However, you can spend Bitcoin at eGifter or Gyft, both of which sell gift cards for the likes of Amazon, Walmart and Target.

Starbucks allows you to spend Bitcoin in the US. With the world’s biggest coffee shop, you can buy your latte through Bakkt App, a payments application that allows you to pay for your coffee through the Starbucks app.

Bakkt App also allows you to spend Bitcoin at any retailer that accepts Apple Pay or Google PayTM, online or in stores.

PayPal recently moved into the Bitcoin space and for now only allows its US users to buy and sell Bitcoin. However, the service is being rolled out globally, and the payments giant says it will start accepting Bitcoin for its 26 million merchants sometime this year.

Not many people are going to sporting events, but with the pandemic seemingly under control and vaccines being rolled out, sporting events will soon be at full capacity again.

You can spend Bitcoin at some arenas. In 2014, the Sacramento Kings became the first sports team in the world to accept Bitcoin as a means of payment.

Other well-known US teams that accept Bitcoin are Mark Cuban’s Dallas Mavericks. The Shark Tank star recently converted to a Bitcoiner, but ironically the Mavericks have accepted Bitcoin for a while now.

And with the city of Miami becoming a ‘Bitcoin city’ of course its franchise the Miami Dolphins accepts Bitcoin as payment for its 50/50 raffle match day tickets.

In recent news, Oakland Athletics baseball team started selling their luxury suite season tickets at a price of 1 Bitcoin. At today’s price that’s around $59,000, but with the trend the Bitcoin price is going, that could turn out to be the most expensive suites in history.

In the Premier League, no team accepts Bitcoin as payment yet, but cryptocurrency exchange eToro has partnered with 7 Premier League clubs.

eToro is trialling Bitcoin transactions with the clubs, so it shouldn’t be too long before you can spend your Bitcoin to go and see your favorite football team on a Saturday afternoon.

As we already know, anywhere that accepts Apple Pay and Google PayTM means you can spend Bitcoin there, but some travel firms allow you to spend Bitcoin direct with them, too.

There are several website travel aggregators that accept Bitcoin, including Expedia, CheapAir, Destinia. With these you can book everything from flights, hotels to car hire for your trip.

There’s also a dedicated Bitcoin travel site, called bitcoin.travel. It’s similar to Expedia in that it compares flights and hotels across several different platforms, but the best thing is every company the website connects with accepts Bitcoin as payment.

If travelling around the world isn’t your thing and you fancy a flight into space, then you can spend your Bitcoin on a flight into space.

Billionaire entrepreneur Sir Richard Branson’s Virgin Galactic accepts Bitcoin as a way to pay for its 90 minute space flights.

The space trip will set you back $250k, or should that be 4.3 BTC, so isn’t the best way to spend your Bitcoin. Or is it? Who wouldn’t love to orbit earth!

Well, by the time the space program launches in 2022, the 90-minute jaunt into space might be a fair bit cheaper, and I don’t mean in dollar terms.

More businesses are adding Bitcoin as a means of payment, but we’re still in the early stages of this financial revolution.

The internet changed pretty much everything in the 1990s and 2000s, and Bitcoin will do the same with the financial industry.

PayPal is onboard, and there are more new retailers allowing you to spend your Bitcoin every month. I would even expect retailers to offer discount for anyone spending Bitcoin in the future, because using Bitcoin dissolves expensive Visa charges.

It’s early days, no matter what people think of a near $60,000 price tag, and as time goes by I expect you will be able to spend Bitcoin everywhere.

A Bitcoiner since 2017 and a Bitcoin Maximalist since 2018, Tommy is our main writer and editor at Bitcoin Maximalist. Other than researching and writing about Bitcoin, Tommy loves spending time with his family and supporting his beloved Leeds United.

Bitcoin being the hype of the world offers its users multiple ways to buy and sell it. Here we have compiled these ways to buy and sell Bitcoin in a simple way. You can buy in-person with fiat currencies, such as USD, and also with other cryptocurrencies. Let us go step by step.

Step One: Choose an Exchange

By signing up for a cryptocurrency exchange you get the facility to buy, sell, and hold the cryptocurrency. It is one of the easiest ways to use an exchange. You can also withdraw your crypto to your wallet. There are many exchanges and brokerage platforms that do not allow this. 

Step Two: Attach a Payment Option

After deciding in the favour of an exchange, you now need to forward your details. It depends on the specific exchange. They may ask for your pictures of a driver’s license, social security number, as well as information about your employer and source of funds. This exposure of personal details also depends on the region you live in and the laws within it. The process is largely the same as setting up a typical brokerage account.

Step Three: Place an Order

After picking up the exchange of your choice, you need to connect a payment option to buy Bitcoin and other cryptocurrencies.

Step Four: Safe Storage

To store your Bitcoins safely, there is a facility of wallets that are a place to store digital assets more securely.

There are several options available in terms of wallets. You will need to understand crypto wallets which are in two categories like hot wallets(online wallets) and cold wallets( paper and hardware wallets).

Alternate Ways of Buying Bitcoin

The exchanges like Coinbase or Binance are some of the most popular ways of purchasing Bitcoin, it is not the only method. Following are some more processes to buy Bitcoins.

Bitcoin ATMs

These ATMs function like in-person Bitcoin exchanges. The users insert cash into the machine and use it to purchase Bitcoin which is afterward reached to a secure digital wallet. The trend of Bitcoin ATMs has become increasingly popular in recent years.

P2P Exchanges

Quite different in operations like decentralized exchanges, where buyers and sellers interconnect anonymously and facilitate all aspects of the transaction, there are some peer-to-peer (P2P) exchange services that provide a more direct connection between users.

bitqs.app is an example of such a platform. Hereafter creating an account, users can post requests to buy or sell Bitcoin, including information about payment methods and price. It also provides listings of buy and sells offers, choosing those trade partners with whom they wish to transact.

LocalBitcoins facilitate some of the aspects of the trade. Many other P2P exchanges allow users to shop around for the best deal. Here users also can get rating systems to evaluate potential trade partners before transacting.

Selling Bitcoin

When it is a ripe time to trade your precious Bitcoins back to fiat money there are a few things you’ll need to think about. You will have to decide how you want to get paid? Through a PayPal account, credit card, bank account, or maybe you prefer cash?

Selling Bitcoin with PayPal

The most looked fir method over the web is how to sell Bitcoins and receive funds to your PayPal account. PayPal, in general, does not facilitate Bitcoin transactions. This is because they can’t give their customers chargeback protection for Bitcoin transactions. But do not get disappointed! There ate still some platforms that will allow you to sell Bitcoins for PayPal.

On a cryptocurrency exchange

This is the most widely used method to sell Bitcoins. Here is his whole procedure.

Choose a cryptocurrency exchange. Sign up for an account and verify your identity as required. Follow the instructions directed by the website to sell your Bitcoin Cash (BCH) or Bitcoin (BTC). If you choose to sell it for fiat money, you can cash out the funds into your bank account. If you want to have sold it another cryptocurrency, you can send the coins to your wallet.

Selling Bitcoin with a Credit Card 

There are a few exchanges where you can easily withdraw funds to your credit card. It is a quicker way than a wire transfer but it’s also a bit more expensive.

Selling Bitcoins with a Bank Account

The most adopted method for selling your Bitcoins would be via a wire transfer or some other form of transfer to your bank account.

Additional Methods for selling Bitcoins 

If you still do not get satisfied with the above-mentioned methods for selling Bitcoins. However, there are several other methods you can use to sell your Bitcoins. For example, Skrill, Neteller, Amazon gift cards, and more. But mostly you can enjoy these options which can be found on LocalBitcoins. Another option would be to just exchange your Bitcoins for real-life goods you want to buy such as a car, a house, a computer, etc.

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What would it mean to buy Bitcoin? Let's think about link and implications of the information.

To lots of people, Bitcoin is really a currency; in some cases, this currency can be perceived as a secure shop of value plus a medium of exchange. In just click the up coming article , Bitcoin is like gold – this is a valuable commodity that is nevertheless in-demand and increasing. Many people buy gold since they believe that it is a reliable shop of value and as a shop of wealth. However, people may be interested in buying Bitcoin because they believe it is a safer and much more secure method of acquiring one.

If erg mining pool get Bitcoin online, you are essentially engaging in a speculative marketplace. As with any speculative investment, you should be aware of the dangers connected with your purchase fully. What type of risks? Here are some of the things to take into account:

You should take steps to lessen your risk. Depending on your age, background, current income level, and other danger factors, there are many actions you can take to reduce the potential risks associated with Bitcoin. These details online can be acquired, which means you should benefit from it.

First, pay attention to your risk aspects. You should have a solid understanding of your earnings, debt, along with other risk factors. You should also understand how numerous Bitcoins you have earned and sold so far, how much profit you've made, and whether you're risk-averse or risk-seeking.

2nd, assess your risk tolerance. Considering buying Bitcoin, you need to significantly take it all. Be realistic concerning the potential for loss and recognize that the risk connected with Bitcoin is substantial.

Third, think about how much risk you intend to take. Is Bitcoin risk-free? If so, then the reply yes is certainly. However, just because Bitcoin is risk-free doesn't mean you don't have to take some precautionary measures to protect yourself and your assets.

It is important to understand that Bitcoin trading is not completely risk-free. Because the cryptocurrency can be “risk-free” doesn't imply it is risk-free for everyone. The risks included include the possibility of losing your money regarding something accident, the possibility from the exchange price of Bitcoin fluctuating contrary to the American buck, and the possibility of your Bitcoin “purchasing energy” declining as Bitcoin costs fall.

As you might have guessed, the main element risk factors consist of Bitcoin “double spending” or deceptive activities. By way of background, when somebody purchases plenty of Bitcoins simultaneously, they have a tendency to buy higher and sell low. They are able to live happily actually after while everybody else loses their t-shirts. Imagine when the USD value of Bitcoins increases more than the value from the dollar?

While the dealings take place online, the Bitcoins are usually represented as figures basically, so the switch between these numbers can be certainly not noticed by the individual you are transacting with. Actually, ergo mining https://ergo.herominers.com between the actual value of the coins and the values transacted can be quite subtle. How little can be subtle too?

page is quite subtle indeed. If you're going to exchange your Bitcoins on an unregulated exchange, you may not be aware of the risks that include it. You may need to have your account protected with a third party escrow service or a high security wallet. For many individuals, the inherent dangers from the Bitcoin protocol could possibly be a great deal to get over.

Stack Exchange network consists of 173 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. I want to buy a full bitcoin at the current price. But coinbase only allows me to buy in $250 increments. Where can I go to purchase an entire bitcoin?I would go to Localbitcoins.com but their fees are usually too high.So what I need is a low fee way of buying an entire bitcoin.ThanksIf you are in the US, you can buy it on coinbase.com or https://exchange.gemini.com/You need to buy some Bitcoins on coinbase, they will automatically increase your limit. I can buy $5000 worth of Bitcoins on Coinbase, and would if I had the money.Fees of Gemini are low, ie .05 cents for $20 in BTC, or 50 cents for a $200 order.Or localbitcoins, if you care about anonymity, but they charge a high markup.Try http://localbitcoins.com. From the website:Buy and sell bitcoins near you Instant. Secure. Private. Trade bitcoins in 14431 cities and 248 countries including United States.It does appear to require an account to be made, but it appears to be free. Thank you for your interest in this question. Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site (the association bonus does not count). Would you like to answer one of these unanswered questions instead?asked11 months agoviewed 2,798 times active10 months ago site design / logo 2018 Stack Exchange Inc; user contributions licensed under cc by-sa 3.0 with attribution required. rev2018.4.21.29995

Elon Musk has just announced the possibility of buying a Tesla with Bitcoin.

Elon Musk, the second world’s richest man, just announced via Twitter that you can buy a Tesla with Bitcoin.

— Elon Musk (@elonmusk) March 24, 2021

The billionaire also revealed that such Bitcoin capability will be available outside the US later this year.

In his words, he said “Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

READ: Tesla investor sues Elon Musk for causing problems with his tweets

Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.

This comes as no shock to many on the account that a few months back the founder of Tesla, Elon Musk made inquiries about converting “large transactions” of Tesla’s balance sheet into Bitcoin from Michael Saylor, a prominent supporter of the digital currency.

The world’s most valuable carmaker in its most recent term and conditions revealed Bitcoin was the only Crypto accepted by Tesla for such payment “You may not make purchases with us using any other digital asset, including Bitcoin fork products, such as Bitcoin Cash and Bitcoin SV. Our Bitcoin digital wallet is not configured to detect or receive digital assets other than Bitcoin,” states the terms.

READ: Tesla loses $200 billion in market value following Bitcoin investment

Tesla had earlier disclosed it has made $1.5 billion worth of investments in Bitcoin.

“Thereafter, we invested an aggregate of $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.”

The fast-rising American electric car manufacturer further disclosed that it made the bet on Bitcoin after updating its investment policy last month to allow Tesla to invest in digital assets as well as gold bullion and gold exchange-traded funds.

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Message Olumide on Twitter @tokunboadesina. He is a Member of the Chartered Financial Analyst Society.

XRP enthusiasts are currently holding on to the seventh most valuable crypto.

XRP enthusiasts are currently holding on to the seventh most valuable crypto, as a significant number of crypto pundits argue on Ripple settling with the U.S powerful financial regulator.

At the time of writing this report, XRP traded at $0.581492 with a daily trading volume of $4 Billion. XRP is up 3.98% for the day

XRP Bulls had earlier breached the support base above $0.55 price levels on macros suggesting the ongoing legal tussle at an American court might go in Ripple’s favour, before surging above the $0.58 price area.

READ: XRP stands firm, investors wait on Ripple’s legal outcome

A top crypto strategist with the pseudo name XRP_Co adding credence to the facts that reveal Sarah Netburn, the American Judge Handling Ripple’s case, views the crypto asset more like a currency and utility rather than security as claimed by the U.S SEC.

“My understanding of XRP is that not only does it have a sort of currency value, but it also has a utility, and that utility distinguishes it from Bitcoin and Ether.”

– Sarah Netburn, Judge, SEC v Ripple case (Mar 2021)

READ: Ethereum defying law of gravity surges past $1,050

👉https://t.co/0lcYGbyAIV#xrp @Ripple #fintech #crypto pic.twitter.com/zUjcMktO7s

— XRP_Cro (@stedas) March 28, 2021

The fast-rising crypto is staying firm above $0.5500, with the two most valuable cryptos, Bitcoin and Ethereum also gaining more upside.

Meanwhile, Ripple, XRP provider, and leading enterprise blockchain recently disclosed it was acquiring about 40% of Tranglo, a Malaysian cross-border payments firm.

READ: Leader of world’s most powerful central bank says Crypto unreliable for wealth preservation

The company and its top lieutenants seem to be undeterred by the legal tussle with the U.S. Securities and Exchange Commission for allegedly deceiving holders of XRP by selling more than $1 billion of the crypto assets without registering with SEC

Ripple’s XRP is often tagged as the “remittance network” and currency exchange that independent servers authenticate. The crypto is known as XRP and transfer times are super-fast.

Ripple (XRP) plays dual roles as a payment platform and a currency. The platform is an open-source platform that was created to allow quick and cheap transactions.

Visa Inc. has stated it will accept the use of the crypto in settling transactions on its payment network.

Visa Inc. has announced it will permit the use of the crypto in settling transactions on its payment network, the latest sign of growing acceptance of Crypto assets by a major financial player.

In a report credited to Reuters the crypto asset being used is the USDC stablecoin crypto whose value is pegged directly to the greenback.

“We see increasing demand from consumers across the world to be able to access, hold and use digital currencies and we’re seeing demand from our clients to be able to build products that provide that access for consumers,” Cuy Sheffield, head of crypto at Visa, said.

READ: What Flutterwave-PayPal partnership means to merchants in Africa

Recall some weeks back, Visa’s Chief Executive Officer, Al Kelly, revealed that in order to make Bitcoin and other crypto-assets safer, useful, and applicable, Visa might add them to the company’s payments network.

During Visa’s fiscal first-quarter 2021 earnings call, the CEO of Visa described crypto assets like bitcoin as “digital gold” which are “not used as a form of payment in a significant way at this point.”

“Our strategy here is to work with wallets and exchanges to enable users to purchase these currencies using their Visa credentials or to cash out onto our Visa credential to make a fiat purchase at any of the 70 million merchants where Visa is accepted globally,” Kelly said.

READ: Why PayPal dropped 6% after posting its strongest earnings growth

The payments executive also said stablecoins could be used for “global commerce” and “digital currencies running on public blockchains as additional networks just like RTP or ACH networks.”

Until yesterday, you could order your Tesla online with multiple currencies worldwide, just not cryptocurrency. However, Elon Musk took to Twitter yesterday to announce that Tesla will accept bitcoin as payment moving forward. This latest announcement comes one month after the carmaker announced its purchase of $1.5 billion worth of bitcoin.

According to CNBC, the carmaker utilizes open-source software to accept this new form of payment. Additionally, once the carmaker receives these bitcoin payments, it won’t convert these coins back into fiat money. However, there are a few reasons why you may want to buy your next EV the old-fashioned way.

As mentioned earlier, Tesla and Elon Musk have taken huge steps to embrace bitcoin in the last few months. This all started when the EV carmaker purchased a massive $1.5 billion worth of Bitcoin. According to CNBC, the carmaker made this purchase so it could have “more flexibility to further diversify and maximize returns on our cash.”

Following this initial purchase, Elon Musk added “#bitcoin” to his bio on Twitter, resulting in a temporary 20 percent spike in cryptocurrency’s price, says CNBC. As a result, having such a massive automaker embrace bitcoin will inevitably cause its value to increase over time.

This is an important factor to this Tesla story since the company reportedly does not plan to convert its bitcoins back into fiat money. As CNBC reports, this allows the carmaker to benefit from price swings in the cryptocurrency market. However, this move could have some potential downsides for competitors.

RELATED: Tesla Full Self-Driving Beta Is Surprisingly Sketchy Driving Across This City

As MKBHD points jokingly point out on Twitter, you can now buy your Tesla, which is a depreciating asset, with bitcoin, an asset that is currently appreciating. As a result, the relative price you paid for your car can shift over time.

Given bitcoin’s extreme volatility, the price of a Tesla can change daily. As a result, time will tell how the carmaker plans to advertise pricing for new vehicles. Additionally, if you opt to return your vehicle, you’re not getting your bitcoins back.

According to CNBC, Tesla reportedly issued a statement saying it will retain the ability to pay refunds in US dollars. While this refund will be calculated based on bitcoin’s price when you purchased the vehicle, if the cryptocurrency goes up, Tesla will save money by switching to US dollars.

Whether you’re using US dollars or bitcoin, your next Tesla purchase will be completed online. Unlike most other manufacturers, Tesla doesn’t follow the traditional business model. Instead, it sells directly to consumers via its website. This is where this new bitcoin option comes in. Since you can switch between US dollars and bitcoin at checkout, there is no need to involve a third party.

If this trend catches on, we just might see larger established automakers adopting a similar payment and delivery system in the not too distant future.

Tesla customers can now buy its electric vehicles with bitcoin, its boss, Elon Musk, said on Wednesday (US time), marking a significant step forward for the cryptocurrency’s use in commerce.

“You can now buy a Tesla with bitcoin,” Musk said on Twitter, adding that the option would be available outside the United States later this year.

Elon Musk said bitcoin paid to Tesla would not be converted into traditional currency, but would be retained as bitcoin. Credit: Bloomberg

The electric-car maker said last month it bought $US1.5 billion worth of bitcoin and would soon accept it as a form of payment for cars, in a large stride towards mainstream acceptance that sent bitcoin soaring to a record high of nearly $US62,000.

Bitcoin, the world’s biggest digital currency, rose more than 4 per cent after Musk’s tweet and was last up 3.5 per cent at $US56,178.

Musk said bitcoin paid to Tesla would not be converted into traditional currency, but he gave few other details on how the bitcoin payments would be processed. The company was using “internal & open source software”, he said.

Most mainstream companies such as AT&T and Microsoft that allow customers to pay with bitcoin typically use specialist payment processors that convert the cryptocurrency into, say, dollars and send the sum to the company.

“Tesla and other companies are showing that crypto is here to stay, and its mainstream adoption is only going to increase,” said Simon Peters, analyst at investment platform eToro.

Like other cryptocurrencies, bitcoin is still little used for commerce in major economies, hampered by its volatility and relatively costly and slow processing times.

Good news for fans of bitcoin: Tesla CEO Elon Musk announced early Wednesday that customers can now use the cryptocurrency to buy Tesla vehicles in the U.S. 

Last month, the electric car maker revealed that it purchased $1.5 billion worth of bitcoin. At the time, it said it would soon start accepting the cryptocurrency as a form of payment. 

“You can now buy a Tesla with Bitcoin,” Musk tweeted overnight. 

“Tesla is using only internal & open source software & operates Bitcoin nodes directly,” he added in a follow-up tweet. “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

The tech billionaire also specified that bitcoin will be accepted for payments made outside of the U.S. “later this year.” 

A support page on Tesla’s website breaks down the entire payment process. It notes that only bitcoin is accepted, and trying to send another form of cryptocurrency means the site “will not receive the transaction and it will likely result in a loss of funds for you.”

— Elon Musk (@elonmusk) March 24, 2021

According to the company’s bitcoin payment terms and conditions, cars will still be priced in U.S. dollars, and customers can pay the equivalent value in bitcoin. The company emphasizes that the transactions cannot be reversed, meaning customers need to be extremely careful when inputting their bitcoin information, because “if you input the bitcoin address incorrectly, your bitcoin may be irretrievably lost or destroyed.”

After Musk’s tweets, the price of a single bitcoin rose to over $56,000. An entry-level Tesla Model 3 costs just under $40,000, while the company’s most expensive car, a Model X Plaid, starts at around $120,000.

Tesla’s move to back the cryptocurrency is “a potential game-changing move for the use of bitcoin” to make retail purchases,” Wedbush Securities analyst Dan Ives said in a statement. “We expect less than 5% of transactions to be through Bitcoin over the next 12 to 18 months however this could move higher over time as crypto acceptance starts to ramp over the coming years.” 

Bitcoin mining comes with a massive carbon footprint — putting it at odds with Tesla’s supposed environmentally friendly mission. Still, Musk has embraced the digital currency, also tweeting about other cryptocurrencies, including dogecoin. 

According to the company’s recent annual filing with the Securities and Exchange Commission, its chief financial officer, Zach Kirkhorn, now has the title “Master of Coin.”

Musk’s new title? “Technoking of Tesla.” 

Well, the son of a bitch really did it. Elon Musk says prospective Tesla buyers in the U.S. can now buy any of the company’s electric vehicles using Bitcoin, he announced on Twitter. This comes after the company invested a whopping $1.5 Billion into the cryptocurrency.

Tesla already has a support page up on its website that explains how customers can pay with Bitcoin. It essentially works like any other service that accepts Bitcoin as payment. All transactions are completed from a Bitcoin wallet, which most Bitcoin owners already have.

Tesla Bitcoin payments are exclusively available for folks in the U.S. Those outside the United States will have the opportunity to buy Teslas with Bitcoin “later this year,” Musk said, without revealing which countries.

So yea, there you have it. If you prefer to buy your next Tesla with Bitcoin, you now have that privilege. But just keep in mind, expect to part ways with a bunch of it because these cars aren’t cheap. The company’s electric vehicles sell from $37,990 to $124,000 before taxes. So, don’t get too used to HODL.

Would you spend your Bitcoin on a Tesla? Have any thoughts on this? Let us know down below in the comments or carry the discussion over to our Twitter or Facebook.

Tesla CEO Elon Musk announced late Tuesday that it is now possible to buy Tesla vehicles in the U.S. with bitcoin.

The automaker last month revealed that it had bought $1.5 billion worth of bitcoin and that it would soon start accepting the world's most popular cryptocurrency as a form of payment.

"You can now buy a Tesla with Bitcoin," tweeted Musk, who was officially made the "Technoking of Tesla" this month.

A support page on Tesla's website explains how customers can pay for a Tesla using the digital currency. The company's electric vehicles typically cost between $37,990 and $124,000 before tax.

People outside the U.S. will be able to buy a Tesla with bitcoin "later this year," Musk said, without specifying which countries.

In order to accept the payment, Musk said Tesla is using "internal" and "open source software."

He added that Tesla "operates bitcoin nodes directly." Nodes are computers on bitcoin's network that work to verify transactions and avoid the cryptocurrency from being spent twice.

In the firm's refund policy, Tesla cautioned buyers that should they seek to return their electric car and obtain a refund, the company can choose to pay them back in U.S. dollars or bitcoin. Tesla notes that it reserves the right to refund the customer in U.S. dollars at the exact price bitcoin was worth at the time of purchase.

This would ostensibly allow Tesla to benefit from price swings in the cryptocurrency or fiat currency, and leave customers with less than what they may have been entitled to with a refund based on a straight U.S. dollar transaction.

Daniel Ives, an analyst at Wedbush, said in a research note Wednesday that his firm wasn't expecting Tesla to start accepting bitcoin payments until the second half of this year.

"This is a seminal moment for Tesla and for the crypto world with Musk now cutting the red ribbon on Bitcoin transactions within he broader Tesla ecosystem," said Ives. "We expect less than 5% of transactions to be through bitcoin over the next 12 to 18 months however this could move higher over time as crypto acceptance starts to ramp over the coming years."

Tesla's image as an environmentally-friendly car company sits at odds with the bitcoin network's colossal carbon footprint. Researchers at the University of Cambridge found that it uses more electricity on an annual basis than the whole of Argentina. A 2018 paper published in Nature, arguably the most prestigious academic journal in the world, found that bitcoin emissions alone could push global warming above 2 degrees Celsius.

Despite its poor environmental credentials, Musk has embraced bitcoin more than any other major tech CEO. He has been tweeting about the cryptocurrency on and off over the last few months, raising alarm bells in some corners. He's also been tweeting about other coins like ether and dogecoin.

Ives told CNBC last month that Tesla’s share price is now directly tied to the value of bitcoin.

"Musk is now tied to the bitcoin story in the eyes of the Street and although Tesla made a billion paper profit in its first month owning the digital gold, it comes with added risk," Ives told CNBC via email.

Tesla's share price and the value of bitcoin have seen huge gains over the last 12 months, with Tesla shares rising from around $100 to over $600, and bitcoin rising from around $7,000 to over $55,000.

Some investors, however, are convinced that Tesla and bitcoin are both in bubble territory.

Lansdowne Partners fund manager Per Lekander told CNBC last week that he thinks Tesla is in a bubble and that he's short on Musk's firm, meaning he will profit if the value of Tesla's stock falls.

Tesla's market value soared to over $800 billion in the 12 months leading up to January, before dropping to less than $600 billion in February. It now stands at around $635 billion.

Tesla's shares were up around 0.6% in after hours trading Tuesday, after closing at $662.16. The price of bitcoin is at $55,444.93.

— Additional reporting by CNBC's Lora Kolodny.

Many people have bought Bitcoins as an alternative investment. The hype behind this form of investing has been the fact that it is a great way to have things online and without worrying about the currency value fluctuating. When you have bitcoins, you are purchasing an asset. Since there is no central body or government that controls the supply of this digital currency, it is not controlled like a typical bank.

This has led many online traders to speculate if this form of investing might one day become a standard for everyone. Since more people have begun to have this digital currency, the demand has increased. Because of this, the supply has increased dramatically. Although the supply is increasing, there are more people than ever have into cryptocurrency.

What makes this investing such a promising venture for so many people is the fact that it allows for free trades. Although most traditional markets place stipulations on who can conduct these trades, they often charge a hefty fee. Since people can have bitcoins for free, many people are jumping on the bandwagon and conducting their trades. This allows them to be involved in the marketplace without making a large monetary investment.

There are many places online where you can buy BTC. More exchanges are opening each day than there were before the currency was introduced. While some are based strictly on the internet trading, there are also physical locations that allow traders to have these physical coins.

However, since the platform is so easy to use, many people will use it when they have. This is why the costs associated with these exchanges are so low. The reason for the low costs is because there are not many overhead expenses. Instead of paying a huge broker fee and commissions to various financial institutions, you can simply use your credit card to make the purchase.

To get started with bitcoins, you need to find an online trading platform. With it, you can have and sell in multiple currencies. If you want to get involved in the share and selling of other cryptosurfs, you should take a look at Crypto exchange. It is considered to be one of the most comprehensive and easiest to use websites for tracking down the best exchanges.

There is another aspect of this new form of electronic money. This feature refers to how easy it is to change the state of your transaction history. Many people are scared by the idea of having their private information exposed on the internet. This is why you need to purchase some sort of digital wallet that protects your sensitive information. The last thing you want is for someone to access your private key, which is what will allow them to make any changes in the transaction history.

There have been several cases in the past where hackers gained access to the private information of these users and they ended up changing the state of the transaction which resulted in the transfer of the funds from the buyer to the seller.

In conclusion, having bitcoins is a great way to stay in control of your finances. You are in complete control of which currencies you choose to have. Furthermore, the availability of this electronic form of money has allowed more individuals to become self-employed, thus giving rise to a lot of new businesses being started. There are several good reasons for you to research the possibility of using a custom-built wallet for your consumption.

Many people have heard of the term “Cryptocurrency” but do not know what it means. Just about everyone has heard about the value of the digital currency bitcoins and are interested in how they can have them. It is much like a stock and is purchased with a fraction of one of these units. The concept behind crypto sports is similar to how you would purchase stock with the stock market. Here we will go through what exactly is needed to understand how to have bitcoins and how they are being purchased.

If you do not know anything about the digital currency bitcoin, then you should consider reading up on it before you attempt to have it. There are numerous free resources out there that explain all of the technical details. Some of the things you would not have known about could have been found on the Internet.

Understanding everything about the process of having a long answer currency is imperative if you wish to have some. The long answer is essentially the most important thing to consider when thinking about having any kind of digital asset. The long answer will tell you everything you need to know about the currency in question.

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Bitcoin (BTC) is back above $59,000, fueled by news that Morgan Stanley will give wealthy clients access to the leading cryptocurrency.

The investment bank with $4 trillion in client assets is reportedly launching three funds that will allow its customers to buy Bitcoin.

CNBC was first to report the move, which makes the financial giant one of the first big US banks to give wealth management clients access to Bitcoin funds.

The financial outlet cites people with “direct knowledge” of the situation. They say the decision to support Bitcoin was made after customers demanded to have access to crypto assets.

Two of the funds are from Galaxy Digital, and the third is from NYDIG.

For now, clients with at least $2 million in assets held by the bank will have access to the funds. Investment firms need to have at least $5 million to qualify, and accounts need to be at least six months old. Bitcoin investments are also capped at 2.5% of the investors’ net worth.

Clients can reportedly start buying Bitcoin starting next month once the bank’s financial advisors complete their training courses on the new financial products.

Featured Image: Shutterstock/DeepGreen

Tesla boss Elon Musk has confirmed that his electric car company now accepts payments in the bitcoin cryptocurrency.

The announcement was made by Musk on Twitter this morning and is explained in greater detail on Tesla's website.

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Musk tweeted: "You can now buy a Tesla with bitcoin...Tesla is using only internal and open source software and operates bitcoin nodes directly. Bitcoin paid to Tesla will be retained as bitcoin, not converted to fiat currency."

In a follow-up tweet, Musk added that bitcoin capability outside of the US will be available later this year. However, a note on the Tesla website more conservatively states: "We will consider expanding into new markets in the future."

Bitcoin has been added to a list of accepted payment methods on Tesla's website, alongside direct debit, wire transfer and check. Only credit cards and bitcoin are accepted for the initial $100 order fee, Tesla says.

Payments can be made by either scanning a QR code or copying and pasting a Tesla bitcoin address and exact bitcoin amount into your wallet. If exactly the correct amount of bitcoin is not sent, Tesla says the order may be cancelled.

A new support page on Tesla's website explains how the exact amount must be transferred in one bitcoin transaction and from one wallet. Tesla adds: "Once you send bitcoin from your wallet, the page will refresh within one minute...We will email you a confirmation once payment is received. This can take up to six hours to process."

Tesla invested $1.5 billion into bitcoin in February this year in a bid to "diversify and maximize" its investments, but the move was met with concern given the volatility of bitcoin and other cryptocurrencies. Now at approximately $56,400, bitcoin is estimated to have been worth around $35,000 when Tesla made its investment.

One of the most popular bitcoin options, futures contracts, found their way into cryptocurrency market a few years ago. Thus, we provide the answer to the question many traders ask themselves these days: where can I trade bitcoin futures?In this guide, we explain what bitcoin futures are and then list out top online sites that make the contract available. These include:The premise of bitcoin futures is quite a simple one. You agree on terms with a platform regarding bitcoin’s future value at a specific time period in the future. Thus, it is important to have good analytical skills to make accurate bitcoin futures price prediction. Cryptocurrency market is quite volatile, with values going up and down drastically in a matter of hours. The chart below shows just how much BTC price changes.Bitcoin futures are thus filled with risks as traders can misinterpret trend in the market. Bear trend pushed the price very low, with those betting on growth losing immensely. Hence, bitcoin futures chart plays important role in the investigation, as it pinpoints trends that may occur later on. We wholeheartedly recommend platforms that offer an extensive number of indicators to use, as to gain accurate results from the analysis.BitMEX is one of the most popular sites for crypto futures and one of the first to offer the product. The Seychelles company provides futures contracts for all cryptocurrencies available at the site, Bitcoin included.The fee structure takes into account the type of futures program chosen, with the length of the contract not limiting traders. Thus, bitcoin futures expiration dates are left to last indefinitely. Costs range between a rebate of -0.05% and 0.075%. The leverage rate has a maximum of 100x, while traders should add settlement fees of 0.05% as well.Verification is not part of the requirements to trade futures while only cryptocurrencies are workable at this platform. It is not possible to use fiats, like USD or GBP, while conducting bitcoin futures. Apart from stop-loss functions, BitMEX offers customizable charts, aiding you in price analysis.OKex is a Hong Kong-based business that offers BTC futures as part of its trading portfolio. The platform has several charting services, much like other sites in our guide. However, it also provides many indices that can tell you whether your futures investing is going in the right direction. Interestingly enough, you do not need to verify your account as crypto-to-crypto transactions are only allowed. Thus, it is not possible to do USD-valued bitcoin futures.Bitcoin futures expiration is set to 30 days, while fees range between -0.010% (reimbursements) and 0.0.25%, depending on the volume traded. Unfortunately, there is no leverage trading allowed while anyone, much like at BitMEX, can register an account at OKex.Huobi is yet another Hong Kong crypto business that deals with bitcoin futures, allowing customers to engage in coin trading. Traders from over 130 countries can invest in cryptos in this platform that deals with crypto-to-crypto trading only. Due to China’s governmental crackdown, most platforms got out of the country, Huobi included. Thus, fiat-based futures contracts are not available at this point.As for costs, any sort of order, no matter if futures or simple trade carry maker/taker fees, fixed on 0.2%. Investors should take into account that accusations regarding bitcoin futures volume manipulation have been cleared. However, a certain dose of caution would not hurt nevertheless. The service is available at Huobi’s Derivative Market (Huobi DM).Deribit, much like BitMEX, offers a leverage rate of up to 100x for bitcoin trade, futures included. European platform works globally, while verification is not mandatory. The reason for such development lies, in fact, that platform work with cryptos only. Fiats, such as USD, EUR< or GBP are not part of the futures portfolio.Additionally, fees complement low-cost strategy that many companies employ for bitcoin futures. You have a maker & taker cost structure, ranging from -0.02% to 0.075%, depending on the achieved monthly volume. Traders have one daily settlement, with every Friday being the bitcoin futures expiration dates.BBOD aims to be one of the top bitcoin futures sites in the crypto market by offering complex charting and analysis tools. At this point, you can engage in leverage of 50x, doubly smaller than with BitMEX, for an example. Additionally, its services are available for unverified accounts originating from any part of the planet.However, it is important to notice that said acclaim is yet to be tested this month, as platform finally opens. Until then, keep a close eye on the bitcoin futures Reddit groups, to seek advice and announcements form the company.Cboe (Chicago Board Options Exchange) is an interesting platform. It dealt with mainstream markets before accepting bitcoin futures within its portfolio. With vast experience and financial power behind it, it is possible to conduct futures on bitcoin using fiats as well. Currently, the only accepted fiat currency is USD. However, it is one more than other platforms mentioned in this guide.On the downside, traders should be aware that verification requirements are set in place. Identity checks and documents are part of the said demands while services are available in the U.S. only. Instead of the regular maker/taker costs, the company employs spreads, which is a difference between buying and sell values.For a market that is relatively new, the entrance of new, giant players within its perimeter can enhance existing solutions. Nasdaq, being one of the largest stock markets in the world, announced in 2018 that it will offer bitcoin futures in Q1 of 2019. This piece of news is quite big for bitcoin trading community, as it will offer yet another channel of investment.Furthermore, with organization backing the portfolio with its own vast wealth, it is highly unlikely that liquidity will be an issue.Throughout this article, we intended to provide an answer to where can I trade bitcoin futures. With several platforms already available for you to use, it seems that this particular crypto trading sector is on the rise. Nasdaq and BBOD serve as a proof of expansion, due to the potential gains that futures contracts pose for investors.However, it is important to avoid beginners’ mistakes. Crypto market is a highly volatile industry, meaning that charting skills and caution are mandatory for success.If you would like to read more about where you can trade bitcoin futures and swaps please click here.

Today we will talk about the latest mania around bitcoins and other cryptocurrencies in Egypt. The society seems to be divided into two halves – 50% are sure that bitcoins and cryptocurrencies are a “bubble”.

The remaining 50% are sure that most people do not understand the moment of transition to the digital era and bitcoins, like other cryptocurrencies, will become a common means of payment in the future. Some analysts predict the cost of 1 bitcoin in the amount of $500,000 in the next 5-10 years.

In any case, many investors still offer to invest “free” money in Bitcoins. Let’s face it, there was no such hype even in the recent past around Forex.

Speaking about the future of Bitcoin, I would highlight two points:

I think everything will become clear in the near future. So, here are the following ways to buy Bitcoin in Egypt on various trusted platforms.

EXMO is an exchange with a large number of currency pairs. The exchange is reputable. In my opinion, for more advanced cryptocurrency and trading users. You will not be able to start buying here until you pass verification, you must send a copy of your passport, as well as enter your physical mailing address.

I recommend this exchange for those who want maximum security in their calculations.

Registration on Exmo.com

Kraken is one of the renowned oldest cryptocurrency exchanges in the global market with over four million active users. Founded in 2011 and based in San Francisco, Kraken was one of the first bitcoin exchanges to display market data on a Bloomberg terminal.

On this marketplace, traders, sellers, buyers and speculators have the opportunity to exchange cryptocurrencies Bitcoin, Litecoin, Ethereum and Ripple for national currencies such as EUR, USD, CAD and JPY.

Coinmama is an Israeli cryptocurrency exchange founded in 2013 where you can safely buy or sell cryptocurrency. More than 2,300,000 people use the services of this platform and it is available in more than 180 countries around the world. You can buy Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, Tezos, Cardano, Ripple, Qtum, and Eos on this exchange using three fiat currencies: Euro, US dollar, and British pound.

This platform will be very easy to use for novice buyers.

Register on the Coinmama.com

OKCoin is a renowned Chinese online platform for buying, selling, and storing cryptocurrencies that offers the ability to trade between USD and cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ethereum Classic. Due to its reliability and high level of security, this platform is used by many traders from more than 180 countries around the world.

The main plus of OKCoin is that the exchange does not charge any fees for withdrawing BTC at all. If you need to exchange cryptocurrencies on your phone or pc, OKCoin is what you need. OKCoin can be downloaded from Google Play, App Store, as a client for macOS, and also for Windows.

.io registration

Localbitcoins Buying Bitcoins. Localbitcoins is a Swedish platform that provides an opportunity to buy bitcoin in different countries of the world.

Registering, buying, and selling bitcoins on the Localbitcoins exchange is free. If you actively trade and create advertisements, then you will be charged a commission of 1%. You can buy bitcoins through different payment methods.

If you have a Universal card, then buying bitcoins will be completely free of additional commissions for you.

Of course, the buying rate relative to BTC Trade is overpriced here, but everything is quite simple in the interface and fast enough.

Follow the seller ratings carefully! Buy only from verified with high ratings!

Here, by the way, you can view in real life what bitcoins are bought and sold for in several dozen countries around the world.

Registration at Localbitcoins.com.

CEX.IO is the place where to buy bitcoin. CEX.IO is a multifunctional cryptocurrency exchange. Has been working since 2013. Having started its work as a cloud mining service. To buy bitcoins, a VISA or Mastercard card is required.

The exchange really cares about the user’s safety. I was pleasantly surprised that in order to refuse two-factor authentication, it was necessary to go through several windows and tick the refuse boxes.

Registration at CEX.io

Poloniex is considered one of the largest American cryptocurrency exchanges in the world, which allows the exchange of up to 80 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCC), Litecoin (LTC), Dash (DASH), Ethereum Classic ( ETC), Ripple (XRP), Zcash (ZEC), Monero (XMR), Gnosis (GNO) and 363 pairs.

This platform allows you to make credit investments. By providing loans to other users, you can receive a commission of 15% of the interest earned. The stock market allows you to protect your account with two-factor authentication (2FA) using the Google Authenticator app.

Registration at Poloniex

Yes, yes, you will be surprised, but try to find out from your friends or close or distant relatives whether they are engaged in any way in cryptocurrency, in particular, bitcoins. You will be surprised how many people around you have bitcoins.

Where to buy bitcoin? I deliberately did not write TOP-10 or TOP-20 places where you can buy bitcoin in Egypt, since only these exchanges cause my interest and the safety of users.