How do i pay with bitcoin

How do i pay with bitcoin
  • Types of services for payment by bitcoins
  • How do you pay with bitcoin in Russia?
  • Bitcoins in the USA

How do i pay with bitcoin? To understand where the world can spend crypto currency, you can, in particular, open a Coinmap service – a card in which anyone who works with or accepts crypto currency can leave information about their services. In connection with the features of the formation of the map, it is not exhaustive, but it gives an idea of which parts of the world the crypto currency is most popular. As of August 2017, the map marked more than 9,500 objects.

Besides the service of coinmap, bitcoins accepting for payment. All these services accept bitcoins for payment.

  1. Private Internet access

The distinctive features of this service are minimalism with efficiency. Key features – ad blocking, activation with one place and fast work. Some users note a separate redundancy in the interface design.

  1. IPVanish VPN

Stable speed, simple interface, automatic switching of IP-addresses are just some of the advantages of this service. Its use is somewhat more expensive than similar solutions and, although its interface is simple and easy to use, the visual component leaves much to be desired.

  1. Express VPN

With the universal Express VPN service, you can easily access Netflix, BitTorrent and P2P. Despite the fact that international downloads are fast enough, the overall speed of the service is lower than that of analogues. In addition, Express VPN, like IPVanish – expensive.

  1. VPNArea

The provider is registered in Bulgaria, is based in Switzerland and operates in 54 countries, including Saudi Arabia, South Africa, and Russia. VPNArea provides unlimited bandwidth and the possibility of an emergency shutdown. At the same time, VPNArea was repeatedly accused of unsatisfactory customer service and low speed of work in remote countries.

  1. IronSocket

The service is simple and easy to use, and its users provide the ability to download custom open VPN settings. Despite this, some of its customers complain that the service does not have such special features as an emergency shutdown and protection against DNS leakage.

This concentration is directly dependent on the degree of legal regulation of the crypto currency. Bitcoin achieved the greatest success in Japan, says Roman Tkachuk, a senior analyst at Alpari. In this country bitcoin and some other crypto-currencies since April 1, 2017, the status of a payment instrument is equal to that of yen. In the United States, questions are discussed about how to tax transactions with bitcoins and how to prevent possible financing of terrorism through their intermediation, explains Artem Tolkachev, director of tax and legal advisory department at Deloitte.

How do you pay with bitcoin in Russia?

In Russia, the legal field for crypto-currencies is not yet, says the consultant, the consultant, the representative of the project Lisk in Russia, Denis Smirnov. “This does not mean that the transactions with them are illegal, but makes the currency less liquid asset than in countries where the authorities are concerned about its regulation,” he explains. In practice, this prevents the realization of coins mined or purchased from coins, which is clearly seen in Coinmap: in comparison with Europe, Russia looks literally pale. Nevertheless, here you can pay off the crypto currency directly or transfer it into rubles. RBC understood how and where to do it.

Bitcoins in the USA

In 2013, in the USA, bitcoins were classified as a decentralized virtual currency and in May 2013 the government recommended that the tax authorities develop a tax bill for individuals and companies using bitcoins. In November of the same year, the United States Senate set up a commission to hear the bitcoins problem, considering possible risks, threats and expectations from the virulent currency. During these hearings, under the direction of Tom Carper, the status of bitcoin and other crypto-currencies in general was positively evaluated, it was mentioned that bitcoin is considered as a legal exchange tool, and it was also reported that on-line payments of both centralized and decentralized currencies offer legal financial services.

Over the past two years, many statements have been made about the legality of the use of bitcoins in the territory of a state. Thus, the history of the relationship between the United States and bitcoin has a large number of appeals and legislative initiatives, varying in its assessment from the banco bit in the United States until the need for its legal legal status. To all this, the relationship to bitcoin in the United States is complicated by the fact that each state has its own powers to determine the status of the crypto currency.

However, in February 2014, the US Federal Reserve ruled that it did not have the means to control the electronic currency of bitcoin. Despite this, in March of the same year, the IRS agreed to treat the virtual currency as an object of taxation. On March 25, 2014, the US Internal Revenue Service issued a guide to taxation of operations with Bitcoins and other virtual currencies.

For the purposes of paying federal taxes, bitcoins is considered as property, that is, those who acquire bitcoins as an investment instrument, when selling bitcoin make profits from “capital gains”, and not profit from “exchange rate differences”. By selling goods and providing services in exchange for bitcoins, the taxpayer receives a profit that is calculated at the rate of b / c to the US dollar on the day of payment.

In January 2014, the Securities and Exchange Commission examined the legitimacy of stock exchanges for bitcoins and issued a statement that scammers and supporters of risky investment schemes tend to view bitcoin owners as their target audience. In March 2014, the Commodity Futures Trading Commission of the United States (CFTC) began to consider the issue of regulating electronic currencies after TeraExchange announced the release of a special exchanger. In September of the same year (CFTC) came to the conclusion that bitcoin was approved as a financial product.

Finally, in the summer of 2014 Governor Jerry Brown signed amendments to the law approved by the Senate of the State, declaring bitcoin and other crypto-currencies “legal means of payment.” This law allows you to conduct any transactions in the state in any electronic currency, including – in bitcoins. If you believe the reports received in the media, then despite the existing risks, the American specialists in the fight against financial crimes agreed with the legal status of Bitcoin as a means of payment.

Meanwhile, the New York authorities proposed to align the bitcoins exchanges to real exchanges, and companies engaged in bitcoin transactions should be required to obtain special licenses. In early 2014, the New York Department of Financial Services (NYDFS) released a trial version of what BitLicense staff would look like, claiming that they were going to fundamentally change the entire business structure associated with crypto-currencies.

Electronic currency willingly accepts for payment stores for adults and online games. It can also be paid, for example, for an airline ticket or hotel accommodation (bitcoins are accepted by the Expedia service). “Crypto-currencies are in the process at the electronics stores TigerDirect and Overstock, the electronics manufacturer Dell, in the application stores Microsoft and Xbox, the payment systems PayPal and Braintree. Even Time publishes crypto-currencies.

It is curious that bitcoins accept even churches as donations. For example, the Temple of John the Theologian in the American city of Goshen.

By the way, to find a store that accepts crypto currency, you can use the Shopify platform.

How do I pay with bitcoin. Because of Bitcoin, Ethereum, Litecoin and so on. – Currency virtual, then pay them most conveniently through the Internet. In the West, more and more online stores accept them as payment.