What are Bitcoins and how are they a better mode of payment?

Bitcoin is basically another term for digital money which can be used to move a level up in the existing payment systems. It is a payment network that is not governed by a central authority or any middleman but solely by its users. In other words, it is cash for the internet.

The working of Bitcoin is like a mobile app if we see from a user’s perspective providing them a personal Bitcoin wallet which can send and receive Bitcoins. This is how Bitcoin basically functions.

Bitcoin shopping are very secure as each transaction is protected with the help of a digital signature recording every details of its user, thus making it secure in case of theft and also an authentic mode of payment.

People often presume that Bitcoins are difficult to use, as a matter of fact, this is an even easier way to make payments when compared to payments through a credit card or a debit card. If this doesn’t convince you, you can just walk into a Bitcoin Store and see for yourself how efficiently and quickly a transaction is done when Bitcoins are the mode of payment.

All it needs is to enter the recipient’s address, the payment amount and to press the send button on the wallet application on your computer or smartphone.

There are many advantages of Bitcoins. First of all, the freedom of payment, it is free of the issues that always prevent us to make payment easily such as Bank Holidays, Borders, imposed limits etc.

Bitcoins have no great extra fees, they are processed with either no fee at all or an extremely little amount as processing fee. Using Bitcoin is secure as they are irreversible and do not share personal information of customers.

Bitroad is a UK based service providing a good selection of products for bitcoin and litecoin.

The catalog includes smartphone and tablets both unbranded and from hi-end Chinese manufacturers, surveillance systems, car accessories, quad-copters and rc toys , projectors and much more

several rugged smartphones, tablets and cameras are also available.

A new section regarding Bitcoin related products is about to be introduced offering hardwallets, ATM s and more.

The team behind this website is focusing on customer service and assistance in every step of the orders. Making the first purchase using crypto-currencies might be challenging and finding fast and effective support can make the difference.

The website has been launched last year and has served customers in over 50 different countries.

Bitcoin Store and Litecoin Store are free and global currencies and Bitroad is providing free and global delivery.

An expressed service is also available and you can have your order delivered everywhere in the world in 2-5 days.

How Can Your Small Business Start Accepting Bitcoin?

Bitcoin has been the buzzword for the last two years and if you happened to avoid all the hype, Bitcoin is a digital peer-to-peer currency that doesn’t require any approval from financial institutions. In 2013, bitcoin became mainstream digital currency because of its wide acceptance by trusted brands and online stores including Overstock.com. It has become quite common to spot an offline restaurant or store accepting Bitcoin for goods and services.

Are you small business owner planning to use bitcoin as a payment option? The best part of bitcoin is that it is decentralized, which makes the overall transaction cost affordable and perhaps you can start saving money with a Bitcoin online shop.

What are Bitcoins and their current worth?

In technical terms, Bitcoins are mathematical algorithms with specific monetary value. You can purchase Bitcoins online with real money and use it for transactions all over the Internet. As of today, you can buy 1 Bitcoin for USD $635 and the value of Bitcoin can fluctuate depending upon the trend. Bitcoin transactions are safe because of the dual-key encryption including one public and one private key. Every transaction receives verification from the network of Bitcoin community members.

How can small businesses start accepting bitcoin?

Unlike other tech-savvy payment methods, you can start accepting Bitcoin within a day by following some simple steps.

1. Create a Bitcoin wallet: A Bitcoin wallet is an address where your customer will send Bitcoin and the processing is quite similar to accepting money through your PayPal email id. You can consider your Bitcoin wallet as a cash register and it is best to keep small amount of bitcoins in the wallet for protection and security purposes.

Another option is to choose Bitcoin payment processors on Bitcoin online shop or store (Smartphone). These payment processors take the technical part out of the way for a small fee, which is much cheaper than traditional credit card transactions. These payment gateways allow you to convert Bitcoin into money instantly.

2. Promote Bitcoin as a payment option: The next step is to advertise your Bitcoin acceptance to the customers. You can promote Bitcoin acceptance with an online sticker or a poster pasted outside your store. Most of the people will notice it quickly and spread the word around.
3. Align your account for bookkeeping: If you plan to use Bitcoin, make sure to inform your accountant about it and find out more about the tax laws in the concerned matter. There are some online and offline firms promoting themselves as specialists in handling Bitcoin accounts. One of the most important benefits of having a Bitcoin online shop is the extra profit you can make. You will save money on credit card and PayPal transactions making Bitcoin automatically profitable for your business. Bitcoin allows you easy conversion and if you are not sure about its value, simply convert it into USD. Customers are impressed with shoppers offering Bitcoin as a payment option and it can even stage your brand/store as the industry leader.

What are the Benefits of Using Bitcoin in Your Business?

Bitcoin had its dream run in 2013 and nobody actually expected it to gain such a high value. In addition to the tech geeks and high-tech stores, even regular customers are now aware of the concept of Bitcoin and the number is increasing every single day. Some of the leading online stores have started using Bitcoin for payment processing along with online shops accepting Bitcoins. All of a sudden, being a Bitcoin Online Shop is the latest trend and technology around the corner.

If you own a small business or store, it might help you to use Bitcoin for transactions and if you are still skeptic about it, let us see some reasons why it has created such hype.

7 Benefits of Adding Bitcoin to Your Business

• Empower customers with Bitcoin payment method: The sole purpose or aim of every business is to offer comfort to the customers and ease the overall business transaction. With Bitcoin in your payment methods, you will create a unique impact and your customers will have more options to pay you. It might indicate that your business is ready to accommodate the changing needs of the customers.
• Enjoy lower transaction fees: Unlike other payment methods, a Bitcoin store has lower transaction charged as compared to credit cards or PayPal. Bitcoin transactions are quick, safe, secure, and with lower transaction fees, you can offer more discount to the customers; hence, more business in return.
• Create brand awareness with Bitcoin acceptance: Bitcoin is the latest trend around the corner and brands or ecommerce portals accepting Bitcoin are getting more attention from the media. You can find multiple directories listing local businesses accepting Bitcoin. In short, you can actually gain free branding and leverage the technology for promotion.
• Secure and peer-to-peer currency exchange: The best thing about Bitcoin is that it is a decentralized currency, which means no body has a control over it and everyone can use it with ease. All the transactions will be done between you and your customers without any third party looking for commission. All of it in addition to the secure nature of these transactions and your customers will be relieved about their financial credentials.
• Adding Bitcoin will not break your brand: Bitcoin is a helpful technology and adding it in your payment method will neither make nor break your business. Bitcoin is a move into the future, if you accept it today, you will among the industry leaders who adapted the latest technology, as they should.
• Bitcoin is easy to understand: If you are not sure about the technology, no problem because it takes less 2-3 days to get comfortable with it and start using it for the business. You can help your customers understand the same and in the process, you might even leave a tech-savvy reflection on them.
• Anyone can start a Bitcoin shop: Above everything else, all it takes is a few hours of research and you can create a Bitcoin store. You don’t have to understand the programming to use it and there are several online companies helping businesses to start accepting Bitcoin for their services.

In short, you get safe and quick transactions, no additional tech-skills, and easy method to start with Bitcoin. What else could you expect from a new technology? Start using Bitcoin and make an impression in your business community.

Spend Bitcoin Online ; many people want to get their hands on it for super-fast and less difficult financial transaction on the web.

Ready to Shop With Bitcoins: Visit Online Bitcoin Stores

Credit cards pretty much took the fashion of paying with cash out of street. Everyone from the age of 19 to 75 uses credit card to shop: online or offline. How about a payment method that doesn’t even require you to carry a credit card? Bitcoin is the latest currency ruling the online blogosphere and its popularity is increasing manifolds every day.

What is Bitcoin?

For those of you who haven’t had the time to scroll over internet or look out for technical news on Internet, bitcoin is a decentralized digital currency that does not require approval from banks. It was created by Satoshi Nakamoto in 2009 and it was developed as a peer-to-peer payment method.

The best thing about bitcoin is that anyone can use it and it has a public design. Above all, no body controls bitcoin unlike the traditional currency. You can send bitcoin with your Smartphone and it eliminates the need of credit cards or cash. According to the latest information, the overall circulation of Bitcoin exceeded USD $1.5 Billion and it stands at a value of $650/bitcoin.

• Bitcoin offer freedom from traditional payment methods.
• Bitcoin do not contain personal information, so more ID fraud.
• The transaction fees is comparatively low in bitcoin and allows merchants to expand to any market.
• Bitcoin offers a neutral system of money management and complete transparency.

Bitcoin Shop Increasing Everyday

Bitcoin is continuously gaining worldwide acceptance and it is quite common to spot a Bitcoin shop every now or then. If you are planning to purchase and using this digital currency, you can use it over the internet or track offline merchants in your area.

• Ecommerce sites: Overstock is the biggest ecommerce site to accept Bitcoin for payments and it serves products in over 100 countries. You can buy anything starting form furniture to a gadget or even jewelry from this website. In addition to it, there are more than a dozen ecommerce platforms accepting Bitcoin for payment.
• Buy Bitcoin Gift cards: In addition to the ecommerce sites, you can use Bitcoin to purchase gift cards for each store including Walmart and even Amazon. It allows you to use your digital currency in your day-to-day life.
• Offline store using Bitcoin: Hundreds of establishments throughout the globe that accept Bitcoin and you can even find their acceptance message outside the premises. Online directories offer list of stores that accept Bitcoin for physical goods.
• Bitcoin trading: After gaining popularity, Bitcoin has maintained its premium status, which is quite evident from the regular Bitcoin trading transactions. Millions of dollars are paid each day to acquire Bitcoins by customers and if you are into trading, you might just end up making the best deal of your trading career.

How can small retailers use Bitcoin?

The best thing is every small retailer can transform into Bitcoin shop with the help of online merchant services. You can register with one of the Bitcoin online registrants and get a Bitpay account for your shop. It is quite similar to using PayPal and you will do it with a fraction of the fees.

With the increasing popularity of Bitcoin, it makes perfect sense to use it for your shop. Join Bitcoin and become a part of the modern currency revolution.

This article for bitroad.co.uk under the title Ready to Shop with Bitcoins. Hope this article will be helpful for our clients to understand about bitcoin trade.