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How to pay with Bitcoin Bitcoin payment operation tutorial

Date:2024-08-09 19:19:49 Channel:Crypto Read:


The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Bitcoin is the first and most widely recognized cryptocurrency. It uses decentralized protocols and cryptography to achieve peer-to-peer value exchange in the digital field. Bitcoin exists independently of any government, country or financial institution and can be circulated in the global cryptocurrency market. It can refer to the Bitcoin software protocol and currency unit, which is abbreviated as BTC. Bitcoin is the most popular cryptocurrency used for mutual settlement in the business environment. Today, a large number of different companies around the world use Bitcoin as a means of payment. How can newcomers in the currency circle use Bitcoin to pay? The following editor of the currency circle will give you a detailed introduction to the specific Bitcoin payment operation tutorial. 

 How to pay with Bitcoin?

Bitcoin payment is very simple. Currently, many foreign countries support direct Bitcoin transaction payment. Merchants will provide a QR code. Investors only need to scan it from the wallet application on their mobile phones to transfer Bitcoin to the corresponding account and make Bitcoin payment transactions in real time. However, this is not possible in China. Bitcoin still needs to be converted into cash before Bitcoin transaction payment can be made. The specific tutorial for Bitcoin conversion is as follows:

1. Enter the account registration page (), click [Register] on the homepage, select [Mobile Number], enter the mobile number, and click [Register]

2. Enter the mobile number and click the pattern for verification

3. Fill in the mobile verification code

4. Select the country of residence /region, click [Next]

5. Set a password that meets the requirements, click [Next] to complete account creation

6. Click [Trade]-[Coin] in the upper navigation bar

7. Select [BTC/USDT] trading pair

8. Fill in the selling quantity and click [Sell BTC] to sell

9. Then click [Buy Coin]-[C2C Buy Coin] in the upper navigation bar

10. Select [C2C Buy Coin]-[Sell] to see many merchants selling USDT. Select the appropriate merchant according to the situation, click [Sell USDT], fill in the selling quantity, and click [Sell USDT] to convert it into RMB.

Pay attention to the following three points when trading Bitcoin:

1. Users need to create an account, verify their identity and connect their bank account before they can perform sales operations. After the sales processing is completed, the user's bank account will receive cash.

2. It usually takes 1 to 3 working days for a bank account to receive the cashed funds.

3. Bitcoin can only be used for payment transactions in China after it is cashed out. Direct payment transactions are not currently possible.

 Is Bitcoin payment illegal?

Bitcoin payment is not illegal, but China has no laws to protect Bitcoin transactions. Bitcoin is not a legal currency issued by the Bank of China. It is a virtual digital currency. Although China has no clear legal basis to prove whether Bitcoin is legal or illegal, Chinese laws and regulations do not support public trading of Bitcoin. If the law does not explicitly stipulate that it is a criminal act, it shall not be convicted and punished.

In 2013, the Central Bank, the Ministry of Industry and Information Technology, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission jointly issued the "Notice on Preventing Bitcoin Risks". It briefly explains the nature of Bitcoin, saying that Bitcoin is not issued by a national currency issuing agency, nor does it have monetary attributes such as legal compensation and compulsion. Therefore, Bitcoin is not a real currency. Although the "Notice" denies the monetary attributes of Bitcoin, that is, Bitcoin does not have the legal status of currency, and cannot be used or circulated as currency in the market, the "Notice" affirms that Bitcoin can be used as a "virtual commodity".

Bitcoin is called "coin", but it is actually a virtual commodity. It can be bought and sold freely and is not illegal. If the public security organs freeze the account just because of buying and selling Bitcoin, you can file a complaint with the procuratorate to request unblocking and protect your rights and interests. However, you cannot use Bitcoin to carry out illegal and criminal activities, otherwise it will constitute a criminal act. When investing in Bitcoin, you must understand the relevant legal provisions and be legal and compliant.

All of the above is the detailed answer of the editor of the Coin Circle to the question of how to pay with Bitcoin. P2P platforms may be an attractive way to obtain Bitcoin, but because these places can be anonymous, the possibility of fraud is higher. Here, the editor of the Coin Circle also reminds all users that the cryptocurrency payment process may vary depending on different cryptocurrencies and wallet applications. Therefore, before using cryptocurrency for payment, please make sure to understand the corresponding payment process and follow the guidelines and security recommendations of the wallet provider. In addition, you need to carefully check the payment address and amount to prevent sending to the wrong address or paying the wrong amount.

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