How to buy Steam & Origin CD Keys with CryptoCurrencies such as Bitcoin, Dogecoin and Litecoin On this page, you can find details of all of the Cryptocurrencies that we support, along with details on how to buy your favourite Steam & Origin CD keys with Bitcoins, Litecoins, Dogecoins, Darkcoins, in fact any kind of cryptocurrency you can think of!
When Steam announced they started to accept Bitcoin payments, the community was over the moon with excitement. This was yet another major player accepting cryptocurrency, further validating this revolutionary payment method. Now that the platform is once again accepting zero-confirmation transactions, all seems to be well with the world.
Steam Is Back In The The Bitcoin Game
For quite some time, the Steam platform insisted on having at least one Bitcoin network confirmation before a purchase would be completed. Albeit this is not a major issue for most people, it could take up to ten minutes until this happened. Keeping in mind how they rely on BitPay to process payments, this decision seemed a bit weird.
Steam Bitpay
Lo and behold, things have shifted back to their standard procedure once again. Steam purchases are completed as soon as transactions hit the network, to much joy of Bitcoin community members. No one wanted to wait 10 minutes before a game starts downloading, a process that can take up quite some time as well.
From April 2016 until December 2017, Steam accepted payments in Bitcoin with transactions handled by BitPay before dropping support for it due to high fluctuation in value and costly service fees. 55 56 The Steam storefront validates the user's region; the purchase of games may be restricted to specific regions because of release dates, game classification, or agreements with publishers. Steam uses Bitpay as payment processors. Bitpay collected my money but they refused to refund me. Steam's support requested to Bitpay to refund me but Bitpay.
For now, it remains unclear as to what has caused this transaction confirmation switch. There was no official communication from either Steam or BitPay regarding this change.It is possible the company was experimenting with some settings, although it seems a bit odd to do so.
Requiring zero confirmations for transactions is often seen as a security risk. Bitcoin double spends may occur at any given time. This is why Steam has partnered with BitPay to process cryptocurrency payments. If a double-spend were executed, the payment processor would be responsible for any financial losses.
Steam Bitpay
To be more precise, BitPay would be held responsible based on which risk settings Valve has set for the Steam platform. It is good to see the platform process Bitcoin payments quicker again. We can only hope to see some statistics regarding Bitcoin usage on the Steam platform in the future.
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Purchasing Games from Steam with Bitcoin is Quick and Easy
25, Feb 2017If you did not know Steam has introduced support for online game purchases with Bitcoin in April last year, allowing users of the crypto currency to quickly and easily spend it for software. The payment processor that Valve is using for accepting Bitcoin payments is BitPay. We have recently tried purchasing some games with Bitcoin from Steam and were pleasantly surprised by the experience we’ve had…
Once you select Bitcoin as the payment method you are presented with a QR code to scan to do a payment with a mobile device or you can just copy and paste the BTC address and the amount of coins you need to send to complete the payment. You have 15 minutes to initiate the transaction and as soon as you send the coins and the transaction gets broadcasted over the network the payment is accepted, no need to wait for a minimum of 6 confirmations or anything like that. Really quick and easy to pay with Bitcoin for games on Steam and then you can just go on playing them, so if you still haven’t tried paying with Bitcoin then you might want to give it a try.
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