Bitcoin and other cryptocurrencies are becoming increasingly popular. They have been used to buy a variety of items all over the world, including Tesla. Elon Musk, Tesla’s CEO, stated in 2021 that his company would begin accepting bitcoins as payment for its vehicles.
These cryptocurrency payments have brought both fast and reliable payment methods and performance, security, and anonymity to their purchasing feature. These are some reasons web hosting companies have entered the bitcoin hosting market. You can pay for and receive hosting plans for your businesses using buy VPS bitcoin packages.
This article will go over the specifics of purchasing a VPS with bitcoin and other cryptocurrencies. Continue reading!
What is Bitcoin?
Bitcoin is described on the official Bitcoin website as an “innovative payment network and a new kind of money.” It is a digital currency that first appeared in the world in 2009. Unlike other forms of government-issued currency such as USD, EUR, PND, and others, bitcoin is run by a decentralized authority.
With the currency starting at $0.08 per bitcoin in January 2009, bitcoin is now valued at $24,046 as of August 16, 2022, with an all-time high of $69,045 on November 10, 2021. Bitcoin is a cryptocurrency that does not have physical notes or coins, but it is kept on something called “blockchain”; which is a public ledger which everyone has access.
Bitcoin’s global attention, popularity, and success have inspired several shops, merchants, and businesses to accept it as a payment method.
How are bitcoins made?
Bitcoins are created through a process known as mining. Anyone with access to free and open-source software can mine Bitcoin. Its mining process is regulated and released at a set time interval maintained by the network; however, due to the size of the miners, it is more difficult to release bitcoins.
Buying VPS hosting with Bitcoin
VPS, or Virtual Private Server, is a hosting service that combines the advantages of shared and dedicated hosting solutions. The hardware contains multiple virtual servers that function as separate servers (dedicated servers). You can install custom software, run any operating system, host a domain or website, and do a variety of other things on each of these virtual servers.
This physical server is divided and shared with other users using virtualization technology, simulating the experience of a dedicated server at a much lower cost. Buying a web host with bitcoin is simple, whether you are a small business just starting in need of small storage space or a large company needing large resources to accommodate its content.
How to pay for VPS hosting with Bitcoin
Many web hosting providers accept payment for VPS hosting as direct Bitcoin payments from crypto wallets or through BitPay, a third-party payment platform.
To purchase VPS hosting or any other type of hosting from a provider, simply select one option (direct payment or BitPay) and then check out the stated amount to complete your transaction like any other payment method.
Benefits of purchasing VPS hosting with Bitcoin
There is a number of benefits of using bitcoin as a payment method for purchasing VPS hosting. With each web hosting platform, you can expect the following benefits;
- Simple and quick: using Bitcoin or other cryptocurrencies as a payment method ensures that your payment will be confirmed and approved as soon as possible.
- Discretion: When you buy VPS bitcoin, you can be confident that your personal identity and bank details are secure unless you voluntarily publish them.
- Low or no bank fees: When purchasing your host, you will no longer have to pay high transaction fees that are common with other payment methods such as bank transfers.
- Reliable and secure payment: Cryptocurrency payment is one of the most dependable modes of exchange. When done correctly, you can be confident that your payment will reach its intended recipient. Furthermore, all you need is an internet connection to complete the transaction.
Although a growing number of web host providers are beginning to accept Bitcoin and other cryptocurrencies as payment for their services, only a few large host companies have done so.
The good news is that many web hosts, including UltaHost, have begun to accept Bitcoin; you can also buy dedicated servers with Bitcoin, as well as shared and cloud hosting. You only need to fund your wallet and visit the web host site.