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Author: Admin | 2025-04-28
Contents Key Takeaways Before You Start: Acquiring Crypto and Setting Up a Wallet How to Pay with Cryptocurrency Risks and Benefits of Paying with Bitcoin Conclusion Frequently Asked Questions Do you own some Bitcoin and would like to put your peer-to-peer digital cash to use? Or do you hate to see an altcoin sitting idly in your portfolio and want to get something nice? With this guide by the ChangeHero team, learn what to expect from purchases with BTC and other crypto assets and what you must know before getting to it.Key TakeawaysBefore you make purchases with Bitcoin or other cryptocurrencies, you need to set up an account with a payment provider or an exchange. For even better security, set up a self-custody wallet and acquire cryptocurrency to top it up.Making a direct cryptocurrency transfer is simple but requires the point of purchase to accept crypto payments. Alternatively, you can use a debit card or crypto app that will convert your holdings at the checkout to pay with cryptocurrencies anywhere.Users opt to make crypto payments to protect their privacy or as an alternative payment method. On the flip side, the drawbacks include hurdles necessitated by compliance and price volatility.Before You Start: Acquiring Crypto and Setting Up a Wallet It takes no genius to know that before being able to make a Bitcoin payment, you would need to get your hands on BTC. You can do it on a cryptocurrency exchange, although this is not the only option.Another thing to iron out before concerning yourself with crypto payments is a wallet. Depending on how you choose to top up your balance, it might be the first step even before you buy cryptocurrency. A crypto wallet is a prerequisite for alternatives to exchanges, such as peer-to-peer markets or fiat-to-crypto purchase points.If you
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