Bitcoin is an innovative payment network and a new kind of money.
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Yes. You can change Bitcoin in USD, Euros and any other currencies.
You may also find ATMs to change Bitcoin into cash.
Yes. Like with any other currencies you need to be aware of exchange rates, as these may vary.
You need a Bitcoin Wallet to spend and receive money. Some Bitcoin Wallets providers can connect directly with your bank account and deposit the received Bitcoin directly into your bank account in your currency of choice (USD, Euros, etc).
Yes. The conversion from USD to Bitcoin happens at the moment of purchase, so the Bitcoin amount that you will receive into your Bitcoin Wallet will be exactly the amount in USD at the time of purchase.
Yes. The system regulating the exchange of Bitcoin payments is sophisticated and will take care of checks and balances.
Bitcoin Wallet Addresses are anonymous and so are the transactions.
There are a few Bitcoin operators that you can use to get a Bitcon Wallet Address. We use Coinbase to process payments.
When you configure a Box for sale now you can also specify the Bitcoin Wallet Address that will receive money when the Box is sold.
If you need assistance in your marketing and pricing efforts please feel free to get in touch by sending us an email at info@bentbox.co