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A Bitcoin Primer  

I am going to discuss Bitcoin, and yes, I use to be afraid of it as well, and had many misconceptions of why people used it.

I thought it was only used by scammers and people that wanted to hide their money or rip people off. I could not have been more wrong.

The Six Biggest Misconceptions About Bitcoin:


Please take a look at this article from the link below, and you will see, that there are numerous well known companies and product sellers, now accepting bitcoin, and the number of companies that are excepting it as a form of payment is increasing extremely fast. Many of these companies you know very well.

"Acceptance is what starts mass worldwide use"

Why Bitcoin?

With all the insecurity revolving Paypal, and there recent actions, this has led me to go out in the online marketplace and do weeks of research. This research involved searching out as many of the other online payment provider options that I could find. It was a very disappointing process..

Most traditional payment processors that were available as an option, failed to pass even the first criteria to being deemed worthwhile to use, as almost every single one that I researched, would never even respond to multiple support emails sent to them. Then while searching reviews for each one, the complaints against them were so massive, that you could not even finish loading the negative reviews without your computer wanting to take a time-out...Yes, computers get tired to..lol

The last negative was, that most of the traditional payment processors had WAY to many limitations on who could use them, meaning, USE was based on where you live. so I would have had to add several of them to get enough coverage to truly have maximum reach to most of the world. To me this was not acceptable, so I kept searching, but always what kept popping up was Bitcoin.

There are no chargebacks.

Once bitcoins have been sent, they're gone. A person who has sent bitcoins cannot try to retrieve them without the recipient's consent. This makes it difficult to commit the kind of fraud that we often see with credit cards, in which people make a purchase and then contact the credit card company to make a chargeback, effectively reversing the transaction. People can't steal your payment information from merchants.

This is a big one. Most online purchases today are made via credit cards, but in the 1920s and '30s, when the first precursors to credit cards appeared, the Internet hadn't yet been conceived. Credit cards were never supposed to be used online and are insecure. Online forms require you to enter all your secret information (the credit card number, expiry date, and CSV number) into a web form. It's hard to think of a less secure way to do online business. This is why credit card numbers keep being stolen.

Bitcoin is accessible for anyone.

Bitcoin is by far the most worldwide accepted means for a person to person payment system. It does not matter where you live, you can open a Bitcoin wallet, and pay someone else in minutes no matter where they live! You can even get a more local Bitcoin wallet, more suitable and tailored to the country you live in, but still send to anyone, anywhere in the world, because it does not matter where you live, all Bitcoin wallets recognize the transfer of payment and communicate with each other!

A truly world wide payment system, anyone can have and use!

PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don't think an individual marketer from Haiti, Ethiopia, or Kenya should have diminished access to making extra money because of payment issues they can't control. The goal is to enable people, not block them.

What is Bitcoin?

So now lets educate you a little and back up, because many people reading this have no idea what Bitcoin even is...

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren't printed, like dollars or euros - they're produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

It's the first example of a growing category of money known as cryptocurrency.

Bitcoins are "mined" by powerful computers that complete complex math problems. The total quantity of bitcoins is capped at 21 million, and about 12 million are currently in circulation, according to https://blockchain.info.

What makes it different from normal currencies?

Bitcoin can be used to buy things electronically. In that sense, it's like conventional dollars, euros, or yen, which are also traded digitally.

However, bitcoin's most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can't control their 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.

Who created it?

A software developer called Satoshi Nakamoto is accredited by some as the one who proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

If you want to further explore "what is bitcoin", please go this link below: http://www.coindesk.com/information/what-is-bitcoin/

Does Bitcoin have a actual real "Value"?

Can I change it into my countries currency, deposit it into my bank, and use it to pay my bills?

Can I purchase things online with it?

YES, all YES...Bitcoin has a real world converted value.

OK, so you've learned some basics about bitcoin, the next step is to purchase some bitcoins, or fractional shares of one. You do not have to purchase an entire bitcoin at once, you can purchase fractions of Bitcoin. Each Bitcoin is divided into 100 million units, each called a 'satoshi'. This makes it affordable for anyone start buying.

It is very similar to opening up a Paypal account, or any other payment processor, and then funding it with 10 bucks.

Where do I get a Bitcoin Wallet And Purchase Bitcoins?

1. Coinbase
is the world's largest Bitcoin broker. It offers an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe (not Germany), UK, Singapore, Canada, and Australia.

Customers in many countries can purchase bitcoins with credit card, debit card, bank transfer, SEPA transfer, and more.

2. BitPay, Your bitcoin. Your wallet. Your terms. Manage your bitcoin finances in one app with the secure, open source wallet by BitPay. Only available in the United States.


3. Cryptopay is an online wallet where you can easily store, purchase and spend your money in the form of bitcoins, Euros, British Pounds or US Dollars.

They are a UK-based company established in 2013 and we strive to offer the best payments solution possible. Not accessible for people in the United States.


4. A Primer about Cryptocurrencies

And follow this link here, to find more Bitcoin exchanges: https://www.buybitcoinworldwide.com/find-exchange/

I also believe after all the research I have done, you should also have a Blockchain account. This allows you to send and receive bitcoin, but not buy them. Blockchain is a great place to store them before sending them to a more localized Wallet for spending.

Example: You use your blockchain account, to receive payments from lets say USI-TECH members, then when you are ready to spend them or transfer them into your currency or cash, you then send the portion of your bitcoin, you want to your more localized bitcoin wallet, that is connected to your bank, or has a debit card, etc...

Anyone can open up a Blockchain account, it does not matter where you live, and it has great security features.


How do I send or receive Bitcoins?

Most wallets and exchangers have a settings feature in your account to add or create Bitcoin addresses, or you click on receive bitcoin in your account and it will automatically create a address for you.

All these wallets and exchangers have a different user interface, so it is impossible to show you exactly where you do this in each one. Just know that it is extremely simple.

Your address to receive or send bitcoin with, will look like this example below, a long string of numbers and letters.  13sAJprVijVDZ7YhviXWMw2Pb6ApWsD5eP

For example, this is the address you will add to your USI-TECH profile to receive bitcoin in to your wallet or exchange.

It does not matter where you live or which Bitcoin wallet or exchange you use, all Bitcoin wallets recognize the transfer of payment and communicate with each other!

Hope this helps educate you further on Bitcoin and its uses, and how to start purchasing and spending bitcoin.

Can You Use Bitcoin to Pay for Travel?

August 21, 2018 by Million Mile Secrets

When most people think of buying tickets for a flight, or making other travel-related purchases, they might reach into their wallet for their credit card.  But did you know you might be able to pay with a form of digital cryptocurrency, like Bitcoin?

The process for paying with Bitcoin is very similar to paying with a credit or debit card.  If you’re purchasing online, you’ll simply select Bitcoin as your method of payment.  You’ll then be redirected to a site like Coinbase, where you’ll follow the instructions to complete payment.

bitcoin image

You Can Use Bitcoin Instead of Credit Cards for a Number of Travel Sites, Airports, and Airlines!

We’ll go through which travel sites accept Bitcoin, best practices when dealing with cryptocurrency, and some pros and cons of using digital currency to help you decide if it’s the right method of payment for you!

Where Can You Use Bitcoin for Travel Purchases?

Although Bitcoin has not yet gone back to its 2017 levels (at one point it had increased over 1,800% in value during the year), it has recently been back on the rise.  It’s still not as widely accepted at many retailers though, and it had a minor setback recently, with Expedia removing the ability to pay with Bitcoin from its website.

But there are still a number of other places that accept Bitcoin as a form of payment!

Travel Agencies

If you’re looking for alternative travel agencies to book flights, hotels, or car rentals, there are several options you’ll have:


You can book tickets directly with a few airlines that accept Bitcoin as payment:

  • Bitcoin.Travel – probably one of the more well-known travel sites, you can use your Bitcoin currency to book flights and hotels!  It was established in 2011 with the goal of creating the world’s largest and most trusted bitcoin travel site.
  • eGifter.com – eGifter is an online gift card shop where you can use your bitcoins to purchase gift cards at over 250+ different retailers.  This includes gift cards for airlines like Southwest and American Airlines, which you can then redeem for airfare!
  • Gyft.com – Gyft is another website that allows you to purchase gift cards with bitcoin. The available options currently include over 200 retailers, including American Airlines, Delta, Hotels.com, and Southwest Airlines!
  • airBaltic – Considered by many to be one of the most innovative airlines, it’s no surprise that they were one of the first airlines to accept Bitcoin as payment for tickets to over 60 destinations in Europe, Russia, and the Middle East.

  • 9flats – This is a great option for those looking to book vacation rentals, apartments, or guest houses, and want to stick with Bitcoin.
  • Denver International – If you’re in the Denver area and need to pay for parking at Top Airport Parking, you’ll be happy to know they also accept Bitcoin as a method of payment, in addition to other types of payment like cash and credit cards.
Brisbane International – The world’s first crypto-friendly airport!  Travelers to this airport are able to use Bitcoin at various merchants.

Tourism Spots
  • Caribbean Tourism Organization – There are plans to introduce cryptocurrency payments for tourism services in this region.  The organization is partnering with a local company to implement crypto-based merchant application in this industry.

bitcoin2 image
Paying With Bitcoin Could Be the Ticket to Your Next Vacation!

What Are Some Best Practices for Paying With Bitcoin?

With the run that Bitcoin had in increase in value last year, reaching a value of as much as over $17,000+ for 1 Bitcoin, you might have a lot of questions about how you can invest and pay using this cryptocurrency!  So here are a few tips to keep in mind!

Many major banks no longer allow you to purchase cryptocurrencies with their credit cards, but fortunately there are still plenty of other options.  You can still use debit cards, regular ACH transfers, and peer-to-peer platforms such as PayPal to purchase Bitcoin.  Each has their own pros and cons in terms of how quickly the transfer can be made, size of the transfer/purchase, and any applicable fees.

You’ll also want to ask yourself what your investment goals are.  For instance, are you looking to hold Bitcoin as a long-term investment, or are you looking for short-term gains?

With something as volatile as Bitcoin, which could fluctuate wildly in value, you won’t want to invest anything you can’t afford to lose.  Regardless of the amount of hype, there’s never any guarantee of a positive return on this, or any investment.  Along these same lines, borrowing money to invest in Bitcoin could spell disaster for you, because not only is there no guaranteed return, you could actually end up losing money this way and still have to pay back the monies you originally borrowed.

You’ll also need to do your research and choose trusted wallets to store your cryptocurrency.  These wallets come in different hardware and software forms, such as apps on your phone, software on your computer, online storage, and physical hardware devices, similar to a USB thumb drive.  Make sure the company you’ll be storing your valuable Bitcoin with is reputable, and not something that will disappear overnight.

The same advice applies for when you are paying with Bitcoin and paying through a travel portal, for instance.  Doing a quick online search to see if a website is legitimate may save you a lot of headache in the future.  If you’re able to find a good number of positive reviews from others, then chances are it’s legitimate.  But if you’re not able to find any information on the website, then you should proceed with caution!

Bitcoin vs. Other Payment Methods for Travel

Bitcoin has some pros and cons compared to more traditional methods of payment, like credit cards.  Let’s take a look at some of the differences and when it’s more advantageous to pay with Bitcoin:

Bitcoin Credit Card

No hassles with currency conversion or foreign transaction fees

Some credit cards charge a foreign transaction fee of a few percent per transaction

Less prone to identity theft as transactions do not require personal information

Personal information is more prone to being stolen from a merchant

More versatile as it does not need to be stored in your wallet

Physical card in wallet is more prone to theft

Cannot adversely affect your credit score

Making large purchases could potentially affect your credit score

Account cannot be frozen

Credit card could be frozen or cancelled by card issuer

Similarly, credit cards also have some advantages compared to paying with Bitcoin:
Credit Card Bitcoin

Rewards for every day purchases, which can be redeemed for future travel

No rewards

Higher level of fraud protection. Most companies offer $0 liability for unauthorized charges

No fraud protection in the event Bitcoin funds are stolen

Accepted at virtually all merchants

Not as widely accepted and may be difficult to find merchants accepting Bitcoin as payment

Perks and travel benefits such as priority boarding, lounge access, free checked bags, trip delay insurance, and more for many premium travel credit cards

No special travel-related perks for paying with Bitcoin

Bottom Line:  Is It Worth It to Pay for Travel With Bitcoin?

So which payment method is better, Bitcoin or credit cards?

Credit cards are more widely accepted, and offer a number of perks like fraud protection, rewards, trip delay insurance, and more which are offered on some of the best travel credit cards.

On the other hand, Bitcoin could offer a higher level of safety and security because transactions are not made with your personal information, rather, with an anonymous alphanumeric address.  Bitcoin is also less prone to theft because it does not have to be stored in your wallet.  And you don’t have to worry about foreign transaction fees or currency conversions as you might have to with credit cards.

Ultimately, each method of payment has its own pros and cons, and the decision of whether it’s better to pay with Bitcoin or credit card will depend on your specific travel plans.

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