Bitcoins are a popular form of decentralized digital currencies or cryptocurrencies. Nowadays many VPS web hosts provide accept Bitcoin as a payment method. While this currency offer is protected from stolen PayPal accounts and fraudulent chargebacks, there is always a risk of scam or failing to get proper service/refund.
Due to these reasons, it is important to be very careful at the time of choosing a Bitcoin hosting provider. In this article, we will equip you with all the necessary information to help you find the right way to buy VPS with Bitcoin.
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What are Bitcoins?
Bitcoin is a complete digital asset that got invented and published in 2008 by Satoshi Nakamoto. With the increasing popularity of this cryptocurrency, nowadays you can find a majority of online shops and service providers accept payment through Bitcoins.
Ways to Safely Buy a VPS using Bitcoins
Purchase or Mine Bitcoins
There are two ways to obtain Bitcoin:
- Buy it from exchange service, or
- “Mine” your Bitcoins with the help of your server or PC for Bitcoin mining or join a Bitcoin mining pool that comprises a wide network of people that provides informative material for earning Bitcoins and sharing the profits.
Locate a trustworthy Bitcoin VPS Provider
After getting Bitcoins, locate a hosting service provider that accepts Bitcoin as an online mode of payment. Doing a Google search will prove to be beneficial to buy the service.
Purchase a VPS using Bitcoins
You can find plenty of VPS providers that offer Bitcoin payments, however, not each of them is credible. Do your research in the form of reading reviews on the web to make an informed decision.
Validate the Bitcoin Hosting Provider
After finding a reliable provider that offers the required service, don’t just buy the products immediately. As Bitcoin is an anonymous payment method, there is no means to revert a Bitcoin transfer or issue a chargeback. This is what makes Bitcoins susceptible to criminals.
It could happen that you never get the service or the criminals simply keep your Bitcoins. Due to this reason, it is always recommended to validate the authenticity of a Bitcoin VPS hosting provider before making any payment.
Bitcoins are a safe and reliable way to make payments for services that include web hosting. The biggest benefit of this service is instant payments. However, the only and the key drawback of using this service that consumer face is the inability of payment reversal.
Due to this reason, it is important to research the service provider before initiating any payment. Make a payment only when you are completely sure that the provider is credible and you won’t lose your money by using their services. Follow the above tips to buy a VPS web host using Bitcoin wisely.