HomeIn MediaGadget NewsBuy Craigslist Items with Bitcoin

    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.

    Comment on this article and other GadgetGram content, visit our Facebook page, or our Twitterand Instagram feeds.

    David Novak
    David Novak
    For the last 20 years, David Novak has appeared in newspapers, magazines, radio, and TV around the world, reviewing the latest in consumer technology. His byline has appeared in Popular Science, PC Magazine, USA Today, The Wall Street Journal, Electronic House Magazine, GQ, Men’s Journal, National Geographic, Newsweek, Popular Mechanics, Forbes Technology, Readers Digest, Cosmopolitan Magazine, Glamour Magazine, T3 Technology Magazine, Stuff Magazine, Maxim Magazine, Wired Magazine, Laptop Magazine, Indianapolis Monthly, Indiana Business Journal, Better Homes and Garden, CNET, Engadget, InfoWorld, Information Week, Yahoo Technology and Mobile Magazine. He has also made radio appearances on the The Mark Levin Radio Show, The Laura Ingraham Talk Show, Bob & Tom Show, and the Paul Harvey RadioShow. He’s also made TV appearances on The Today Show and The CBS Morning Show. His nationally syndicated newspaper column called the GadgetGUY, appears in over 100 newspapers around the world each week, where Novak enjoys over 3 million in readership. David is also a contributing writer fro Men’s Journal, GQ, Popular Mechanics, T3 Magazine and Electronic House here in the U.S.

    Must Read