Wow. One day the gov announce new regulations for Bitcoin-supporting companies and the next- none other than Dell announces support for the new exchange Coinbase. Nice FAQs write-up for newbies (quoted below):
When you’re ready to make a purchase, just add your items to your cart, fill out your shipping details and choose Bitcoin as your payment method. When you submit your order, you’ll be taken to Coinbase.com to complete your purchase.
From here, you can choose to pay directly from your bitcoin wallet by using the generated payment address or by scanning the QR code with your smartphone. Or, if you have a Coinbase account, you can log in and send payment directly.
Once your payment has been processed, you’ll be returned to Dell.com for order confirmation. It’s as simple as that!
Bitcoin is a distributed peer-to-peer network offering a payment system based on “bitcoin”, a completely digital form of currency. Bitcoin can be transferred instantly and securely between any two people in the world.
Why is Dell accepting bitcoin?
Bitcoin is a new payment option intended to offer even more flexibility for customers. Bitcoin payments can be made easily from anywhere in the world, and offer reduced payment processing costs.
What are the benefits of bitcoin for consumers?
You have complete control over your bitcoin, so your bitcoin account isn’t tied to any financial institutions, can’t be frozen and carries lower transaction fees than most major credit cards.
How do I obtain bitcoins?
To get bitcoin, first you’ll first create a bitcoin wallet. This is the account from which you can send and receive bitcoin. Once you have a wallet, you can purchase bitcoin from an exchange that converts traditional currency to bitcoin. Bitcoin can also be mined, though this requires high levels of processing power.
What is a bitcoin wallet?
A bitcoin wallet is a secure way to store your bitcoin balance. You can send and receive bitcoin from your wallet at any time, from anywhere in the world, so long as you have an internet connection. You can sign up for a wallet from Coinbase.com.
There are thousands of computers ("miners") constantly running software to ensure the safety of the bitcoin network, which has never once been compromised.
Coinbase is the world's largest platform for buying and selling bitcoins for US dollars at the current market rate. As both an exchange and a bitcoin wallet, Coinbase offers a place to securely store, send and receive bitcoin with minimal to no fees, and can process bitcoin payments to Dell even without a Coinbase account.
