Posts Tagged ‘Bitcoin (BTC)


Gyft is an interesting online service for purchasing gift cards for leading online retailers such as Amazon, Gamestop, Facebook, JCPenny, Nike, Old Navy, Sears, Staples, Target, Victoria’s Secret and many others that accepts Bitcoins as well as other typical payments methods. This allows you to actually shop with Bitcoins in stores that normally do not accept crypto currency payments directly, by first obtaining a gift card for a given amount that you pay for with Bitcoins. Of course you can also send the gift card to someone else in the form of a gift that the receiver can use in the specific store and you can pay with crypto without first having to go through an exchange to turn the Bitcoins in USD for example.

To check out the Gyft options for different electronic gift cards…


Here is a short list of the bigger and more popular crypto currency exchanges out there that trade with not only Bitcoin, but Litecoin as well as many other alternative cryptos. Some of these exchanges are trading only between different crypto coins for example BTC for LTC, or DOGE for BTC and you cannot buy with money in them – Cryptsy, but others also trade with real money and you can both deposit and withdraw in cash as well as in cryptocurrency – Mtgox. There are even exchanges that only serve to connect the traders – Local Bitcoins.


The Rock Trading

BTC China

Just Coin




Local Bitcoins

Now, although most of these crypto exchanges are listed under different countries and just a few as worldwide, in almost all you can trade regardless of your location though for some there could be a language barrier if they were designed to serve only a local market and do not have an English version for example. The only more serious problem with some is the ability for you to withdraw cash from the exchange if it also operates with real money and not only trades with crypto coins. So do take some time and check them out and find which ones can be useful for your specific needs… there are of course more exchanges out there, so this is not a complete list, but more of a good starting point.


If you are just getting into Bitcoins and started by installing the Bitcoin wallet on your computer you may notice that the synchronization process with the Bitcoin network is taking up quite some time. This is due to the very large blockchain that has been generated so far and it will continue to grow even bigger, so besides more than 10 Gigabytes of space you need to be ready to wait a bit. There is however a clever solution that might speed thing up, you can download a file to help you import most of the blockchain locally much faster and then synchronize with the rest of the network in no time.

What to do guide:

– Download and install the Bitcoin wallet software, run it and then close it.
– Download the bootstrap.dat file (via a torrent client).
– Copy the bootstrap.dat file in the folder \Users\YOUR_WINDOWS_USERNAME\AppData\Roaming\Bitcoin (for Windows) or in the Bitcoin data folder for other OSes
– Run the Bitcoin software to import most of the blockchain locally and then to download only the rest and synchronize the client

This will get you up to speed and running in no time and much faster than running the Bitcoin client and waiting for it to download and synchronize the complete blockchain from the start to the most recent blocks.