We get a lot of questions about how to get started using bitcoin and how the membership works, so I’ve put together a very quick and simple guide on how to get started using bitcoin, and some frequently asked questions related to bitcoin and our site. If you have any questions, please feel free to email me!
If you’ve never used bitcoin before, use this guide to help you get started quickly in just a few steps!
Think of these companies as being like PayPal but for bitcoin! They allow you send and receive bitcoin, as well as exchange USD for BTC and vice versa! Creating an account is free and instant! It doesn’t matter which one you choose, the primary difference between them is which credit cards they accept. Circle can take both VISA and Mastercard, but Coinbase only accepts VISA right now.
Step 2: Buy bitcoins!
Once you have your account, add your bank account or credit card so you can purchase some bitcoins! The process is the same as linking a credit card or bank account with PayPal! Once connected, credit cards allow for instant purchase, whereas bank accounts take a few days for funds to appear in your account, just like PayPal!
Step 3: Send bitcoins!
(THE ADDRESS & PRICE ABOVE IS JUST AN EXAMPLE – PLEASE DO NOT SEND ANYTHING TO IT!)
In order to send bitcoins you need to know where to send them! Bitcoins use long strings of numbers and letters as addresses, which are basically just like email addresses. During the checkout, you’ll be given a bitcoin address to send to, as well as the amount to send! As soon as the bitcoins are received, the invoice will mark as paid, redirect you back to this site, and I will get a notification to apply your membership!
Frequently Asked Questions!
Neither Circle or Coinbase will work for me, what are my other options?
Depending on where you are from, there a variety of other ways to get bitcoins! For Canadians, check out QuickBT.com, which allows you to purchase instantly with an Interac debit-card! Also available are CaVirtex.com and QuadrigaCX.com which are bitcoin exchanges that allow you to buy and sell bitcoins for CAD using your bank account!
For all other countries, and even more options for Canadians, check out http://howtobuybitcoins.info/ to see which exchange might be best for you! Always be sure to check reviews before using a new site!
What if I send the wrong amount?
Some services (like Circle and Coinbase) allow you to send an amount in USD and they will calculate the exchange rate for you, but this rate could be different from the one BitPay uses. For example in the situation above, the invoice asks for 0.048291 BTC, but Circle might say $10 is only 0.048000 BTC. To prevent this from happening, switch the currency from USD to BTC and copy/paste the BTC amount in order to specify it exactly. If this happens, let me know so I can look into it and credit your account properly!
Bitcoin makes it super easy to offer refunds! If for whatever reason you need a refund on your order (for example overpayment of the invoice), all I need is your bitcoin address so I can send you the funds back instantly with no fees!
I just purchased $10 worth of bitcoins but they took 4 days to arrive from my bank account and are now worth $9, what do I do?
Unfortunately at this current point in history the BTC/USD exchange rate is quite volatile and can fluctuate greatly in just a few days. Of course, the volatility goes in both directions, so the $10 could just as easily be worth $11! The best way to avoid volatility risk is to purchase bitcoins instantly with a credit card (Circle and Coinbase are great for this), as well as purchase slightly more BTC than required, as a buffer in case the price changes. Bitcoin volatility should decrease as more and more people use it!
I just purchased a membership but I still can’t access any of the protected content!?
Right now, with everything being so new, there isn’t a way to automatically apply a membership once the invoice has been paid, so I have to manually apply it once I receive a payment notification. In most cases (during the hours when I’m awake!) I can apply your membership almost instantly, so you may not have to wait very long. No matter what, your membership should be activated within 24 hours of purchase, but feel free to email me to ask about the status of your membership. The membership time period starts as soon as I apply your membership, and I will also send you an email letting you know that your membership has been activated! I’m working on getting the whole process automated though, so this should not be a problem for much longer!
Is Bitcoin secure?
Bitcoin is extremely secure! Unlike with credit cards, it’s impossible for you to be charged without your consent. A lot of porn sites count on people forgetting to cancel their membership and bill their credit card automatically, which is something I strongly disagree with. With bitcoin, there is no automated billing, so your membership will not renew unless you specifically renew it, and there is no way for me to charge you anything other than what you agree to at checkout (so no hidden charges, upsells, auto-renewal, etc.). Also, you can be as anonymous as you like! All I need is your email so I can let you know that your membership is active, and your username so I can apply your membership. No other personal information is required, and the email doesn’t even have to be real (you just won’t get my activation email)! Bitcoin is the best and most secure way to transact online!