New feature Bitcoin Withdraw option

sayan162 Level 1

June 25, 2016, 4:35 am

13

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New feature Bitcoin Withdraw option

Now bitcoin is best for every sort of transaction so is it possible to add bitcoin withdraw option ?

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Everett

Everett

For as long as I have been part of the Ionicware, Inc. marketplaces, you could not withdraw via any cryptocurrency, you could only buy using a cryptocurrency. Now to introduce cryptocurrency as withdraw option would seem to me, a good idea but as I'm writing this I'm trying to remember why it was never provided in the first place and am at a loss. I think when it was first introduced there was an issue of the automated payments but I could be wrong. This also may be a bit tricky due to the inflation and deflation of the cryptocurrency value to USD conversion (we use the USD conversion since the site is based in the United States).

9 years ago

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Lynne

Lynne

I've heard about Bitcoin but I don't quite understand what it is. Can you explain it to me and why anyone would want to use Bitcoin?

9 years ago

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MasterA

MasterA

Bitcoin is a digital currency that can only be stored digitally. Each country has their own currency and Bitcoin is a new currency which is all done online. There is no cash in this type of currency because everything is stored digitally. To earn Bitcoins, you are required to mine it using your computer or exchange it in a marketplace. Bitcoin also has a limit so once the limit has been reached, you will not be able to mine it anymore. The difference between something like PayPal and Bitcoin is that Bitcoin is an actual online currency while PayPal is a payment processor for currency of different countries.

9 years ago

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Lynne

Lynne

Thanks for explaining that. I don't understand what is meant by mining it though? Can you explain that too? Sorry for all the questions!

9 years ago

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Lynne

Lynne

Oh and would you only be able to use Bitcoin to buy things online or can you somehow cash it out? Then what would happen with currency? **very confused by this**

9 years ago

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MasterA

MasterA

The idea of mining is quite complicated. You may want to read this article: http://www.coindesk.com/information/how-bitcoin-mining-works/ - it explains it very well.

You can use Bitcoins to buy stuff if they accept it. Since they are stored digitally, there is no cash so when you make a transaction, you will need to use some sort of device like computer, phones and tablets. You need a wallet which is like a piece of software on your device to store your Bitcoins. Since you can have your wallet on your phone, you can make the transaction when you are in the streets given the shop accepts it.

You can't really cash it out as it is a currency itself but you can exchange it for other currency. For example, sell Bitcoins for US dollars.

9 years ago

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Lynne

Lynne

Thanks, it all sounds quite strange and new to me! I am in South Africa, I doubt any stores here will accept Bitcoin as our country is very often behind the times in comparison to the rest of the world.

9 years ago

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ajlancer

ajlancer

Hi sayan162 thanks for your nice question. You may know SEOcleks one of the best marketplace who give us more opportunity to withdraw our earnings by using several gateway. And you know PayPal is one of the best way to get paid from over the world and payza and payoneer too. And we always appreciate to add more payment gateway as user convenient. For example: Neteller, skrill, WU etc and other user also raise regarding such points on previous forums like you. And I do not give you Seocheckout official statement. But as per as I know Seocheckout added more convenient payment gateway for withdraw earnings, what they think best.
And if they see Bitcoin should require for withdraw option, they must do it before your demand.

Regards by Ajlancer

9 years ago

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Star868

Star868

Bitcoin payment systems.

Sending & withdraw are on the increase for bitcoins generally on many websites, it might be a useful feature to be able to withdraw in bitcoins for more flexibility for users that do no wish to use PP for whatever reason.

seocheckout could gain in fractional sending fees to users wallets on withdraw.

8 years ago

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Star868

Star868

Bitcoin still really is in early adoption form but increasing..........

8 years ago

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Tahani

Tahani

supporting this one, i know the thread is quite old but i can't create a duplicate

7 years ago

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Star868

Star868

Bitcoin use is much more popular, widespread and the price has increased dramatically since the start of this thread.
Likely hood even more by 30-10-2018/19/20+
Price today 1btc = $6096.
It might be good positive option for sellers and site.

7 years ago

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wedielo

wedielo

Ok so can we sell bitcoin and other crypto s here on seocheckout?

5 years ago

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