Buy Craigslist Items with Bitcoin

If you use Craigslist, the next time you sell anything, NOW you can accept bitcoins. Craigslist now gives you a way to specify in your listing whether you accept virtual currency, which is denoted by a checkbox option that says “cryptocurrency ok” when you create a new ad.

This is a “natural” for Craigslist transactions since the website doesn’t vet buyers or sellers. So paying with virtual coins means you won’t have to worry about getting fake checks or counterfeit bills, and you won’t have to give strangers your bank information for payment.

Craigslist now offers bitcoin as payment option

Accepting cryptocurrency, however, is not without its issues. Bitcoin, for example, recently broke through the $16,000 barrier, but its value has been fluctuating for months. You could end up earning almost nothing from a sale if the value goes down the tubes. Of course the alternative could happen and you could cash out big time.

Additionally, buyers might be deterred by transfer fees that they might have to pay on top of the amount you’re asking for. In fact, Steam recently stopped accepting bitcoin for game purchases, because its value is too volatile and transaction fees are too high.

Even if you never do a bitcoin transaction, Craigslist has made the option available as an alternative to offer to your buyers.

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