The Play-Asia.com Guide to Buying with Bitcoin

by Richard Santoro · Published 2017-12-15 · Updated 2018-01-26

Did you know that you can use bitcoin to securely purchase from thousands of products online with Play-Asia.com.

Play-Asia.com accepts Bitcoin for purchases against thousands of different products on our website, including games for PS4, Xbox and Nintendo Switch. Digital codes like Amazon gift cards, PSN cards, Xbox cards, Steam codes, iTunes cards, Google play store and Nintendo eShop cards. Electronics, lifestyle products, apparel, books, movies, music and much more.

Exchange your Bitcoins For Amazon Cards or Change your Bitcoins for Play-Asia.com Wallet Gift Cards and store you money in US$ cash value for later

For those who are new to bitcoin, it’s a secure digital currency that is free to use for instant payments anywhere in the world. Bitcoin is a digital currency designed for the internet era.

In recent weeks’ bitcoin has had a lot of media attention for its rocketing value, and if you’re already a bitcoin user then now is a great time to cash up and convert some of that cryptocurrency to cash value products!

SHOP WITH BITCOIN ON PLAY-ASIA.COM NOW!

We have made it super simple to purchase with bitcoin upon check out, see the quick guide below:

1 – For new customers, set up a free account with Play-Asia.com and enter an email and password:

2 – Login and select your products from our store, browse from thousands of products and add to your cart:

3 – Once you have finalised your product selection, go to your cart and hit the checkout button:

4 – Complete your shipping address info (for new customers only):

5 – Confirm your delivery options:

6 – Final confirmation and place your order:

7 – Finish your payment securely on bitpay, sit back and relax whilst we fulfil your order 🙂

Now for those of you just getting started, the first thing you’re going to need is a Bitcoin wallet

You will need this so that you can send or receive Bitcoin payments. So before you get bitcoins, you’ll need to buy, download, or create a bitcoin wallet.

There are many ways to use Bitcoin and so there are many different types of wallets:

Online bitcoin wallets. Wallets that can be accessed on the web from any internet connected device.
Bitcoin hardware wallets. Physical devices designed to secure bitcoins.
Software wallets. Wallet applications downloaded to your phone, computer or tablet.
Paper wallets. Bitcoin private keys printed from an offline computer.

If you’re getting started and need a wallet check out Bitcoin.org for more information on wallets: https://bitcoin.org/en/choose-your-wallet

Is Bitcoin safe?

Bitcoin’s core protocol is viewable by anyone, has been vetted by thousands of security researchers around the world, and has proven to be robust and reliable after immense scrutiny. Using bitcoin is similar to using other private applications on the internet, such as email or online banking. Just like these other web services, you must access your bitcoin with a password in order to ensure only you have access to your money.

Is it tied to the value of the dollar?

The value of a bitcoin is not tied or pegged to the value of any other currency. Similar to stocks or property, bitcoin’s value is determined by buying and selling in the open market. A bitcoin’s price changes in real time based on the number of people who want to buy or sell it at a given moment.

Why does it change value?

Bitcoin is traded for dollars, euros, yen, and other currencies in real time 24 hours a day. Depending on the demand for buying or selling bitcoin, the price can fluctuate from day to day. This is similar to the manner in which the value of a stock or property can go up or down based on supply and demand. Bitcoin’s value can be volatile compared to traditional currencies such as the US dollar because it is still an emerging technology.

Is it similar to a credit card or paypal?

Unlike credit card networks like Visa and payment processors like Paypal, bitcoin is not owned by an individual or company. Bitcoin is the world’s first completely open payment network which anyone with an internet connection can participate in. Bitcoin was designed to be used on the internet, and doesn’t depend on banks or private companies to process transactions.

Why would I use bitcoin?

Bitcoin allows you to instantly send any amount of money to anyone in the world without needing a bank. It allows you to access your money without needing an ATM or credit card – bitcoin gives you back control over your money. Plus you can pay friends back for dinner, buy your next computer, and donate to charity, all using bitcoin.

Where can I spend bitcoin?

Many large online businesses are now accepting bitcoins, such as Overstock, Expedia, and Dell. Non-profits such as Wikipedia and the United Way also accept bitcoin donations. Here at Play-Asia.com you can make a secure purchase in bitcoin and access hundreds of thousands of products from our store.

You can also exchange your bitcoin for a Play-Asia.com gift card.

Play-Asia.com Gift Cards for Any Occasion – The perfect gift, even for yourself! If you don’t know what to buy now but want to turn your bitcoins into cash value, this is the prfect way to do it.

Our Gift Cards can be used to purchase from millions of items storewide. Gift cards never expire, so they can buy something immediately or wait for that sale of a lifetime. Play-Asia.com Gift Cards can only be used to purchase eligible goods and services on Play-Asia.com.

Look for a bitcoin payment option at many of your favourite websites and you’ll be surprised how many accept bitcoin!

Here are 5 advantages of using bitcoin

User Anonymity

Bitcoin purchases are discrete. Unless a user voluntarily publishes his Bitcoin transactions, his purchases are never associated with his personal identity, much like cash-only purchases, and cannot be traced back to him. In fact, the anonymous Bitcoin address that is generated for user purchases changes with each transaction.

No Third-party Interruptions

One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies.

Purchases Are Not Taxed

Since there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, one of the major advantages of Bitcoin is that sales taxes are not added to any purchases.

Very Low Transaction Fees

Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low. This can be a major advantage. Additionally, any transfer in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and waiting periods.

Mobile Payments

Like with many online payment systems, Bitcoin users can pay for their coins anywhere they have Internet access. This means that purchasers never have to travel to a bank or a store to buy a product. However, unlike online payments made with U.S. bank accounts or credit cards, personal information is not necessary to complete any transaction.

So there you have it, overall bitcoins are a good way to pay and buy all the cool stuff you need, so go check out the store now at Play-Asia.com.