The popular cryptocurrency Bitcoin or BTC can be used to buy web hosting services along with domain name registration. It is a great option for businesses seeking anonymity and privacy on the web. Early adopters, technologists, and enthusiasts prefer cryptocurrency as a preferred payment method.
When you accept bitcoin as a payment method doesn’t mean you need a BTC hosting service. If the majority of your earnings are in BTC, then it is wise to buy VPS with BitCoin. Few hosting providers accept BTC, but if you prefer this payment mode then there are solutions available.
Look for a hosting provider with strong protection and security. For example, 1Gbits is a well-established web host with a highly commendable reputation. 1Gbits offer flexible plans to cover Windows and Linux operating systems. With Bitcoin as a payment method, you can seamlessly transact in BTC.
Bitcoin’s simplicity is appealing
People get attracted to pay VPS service in bitcoin because it is simple. There is no need for a PayPal account or credit card to settle hosting invoices. Besides, the hosting provider has made the payment process with BTC more user-friendly.
Decentralized network transaction
Bitcoin was developed using blockchain technology. The peer-to-peer cryptographic network was decentralized and it functions based on mutual consent. There is no central authority, so the participants on the network are completely responsible. Each BTC transaction gets stored on a public ledger. Even if the transactions are open [public], the name of the sender and recipient are not mentioned on the blockchain.
Offers anonymity and autonomy
BTC is an anonymous payment mode as well as untraceable. Your payments or purchases stay discrete unless you speak about it. The user gets to control their finances. They get the freedom to spend their funds as they want without any interference from the authority like the government or bank.
BTC users can pay from anywhere around the world. They only need internet access. You don’t need to share personal details like in other online payments using credit cards or bank transfer. Theoretically, bitcoin is accessible with a computer or mobile phone. There is no need to have access to credit cards or traditional banking systems. You can easily renew your bitcoin VPS monthly package on the go.
Things to consider while using bitcoin
- Bitcoins can be purchased with fiat currencies from exchanges or through trading bitcoin CFDs, or mining.
- For bitcoin mining, you need to have deep technical knowledge.
- For bitcoin storage, there is a need for a secure e-wallet.
- Hackers target bitcoins instead of your website, so use cold wallets for bitcoin storage.
- Taxation is unclear with bitcoin-related activities, so consult lawyers and accountants that are aware of cryptocurrencies.
- Today, bitcoin has a huge user-base, so the average transaction fee has sky-rocketed.
- Currency fluctuations can impact your payment amount if the provider fails to convert your invoice instantly.
There has been a lot of acceptance for bitcoin as a payment method in the last two years, but approval is very low. Currently, several hosting companies accept BTC, but you need to research them thoroughly as there is no chargeback option.