Rejoice cryptocurrency backers! Daily Steals is happy to announce that we have included Bitcoin a an alternative virtual payment solution for all products in our store as well as our other methods including PayPal and Credit Cards.
What are bitcoins?
Bitcoins are a form of virtual currency based on cryptographic code that allows people to transfer digitally and without the fees of premium merchant accounts. In essence they are one of the first global stateless currencies built for the digital age.
How Do Bitcoins Work?
Bitcoins are entirely virtual coins created to be self-contained for their value, without the need for financial institutions and physical storage. Once you own them, they function like physical gold coins, possessing trade value just as if they were gold nuggets in your pocket. With Bitcoins, you can buy goods and services online, or you can store them in what is called a bitcoin wallet.
Why Did We Decide to Accept Bitcoins?
Bitcoins represent a growing economy and whilst the currency is widely regarded by people in finance, places to spend bitcoins are still limited in comparison to currencies like the Pound, Dollar, or Euro. We would like to do our little bit to encourage wider adoption of the Bitcoin currency and provide a legitimate way for you to spend your bitcoins and save money while at it.
How Do I Get Bitcoins?
If you want to start trading in bitcoins or to use them as a Payment method then the easiest way to get started is with a bitcoin exchange such as Bitstamp to exchange your local currency, e.g. USD, GBP, or EUR, into bitcoins. The currency exchange will provide you an estimated value of a bitcoin compared to your local currency .