From the first crypto coin in 2009, cryptocurrency has evolved in less than two decades. Its growth has been significantly triggered by supply and demand. The history of cryptocurrency is short, but it’s one of the most fascinating globally. According to Bitcoinist, nearly 20% of students globally own cryptocurrency.
They use it to buy luxury goods, tickets, consumer goods, and many more. Today, paper writing companies allow students to pay for their college homework with crypto. They also use the coins to buy essays and receive attractive discounts. When used as a payment method, crypto provides learners with many benefits.
How to pay for homework using cryptocurrency
Students need to understand cryptocurrency, its uses, and trading. You can trade with the coins on various platforms or use them to pay for goods and services. You can use it to buy books or pay for your study. Already, about 15,200 companies globally accept cryptocurrency. They include service companies, online stores, supermarkets, and many more. Two countries have already accepted Bitcoin as a legal tender.
One of the key services you can pay for is homework. So far, it is not every essay writing service that accepts cryptocurrency as a mode of payment. Your first step is to learn if the company you want to use accepts crypto. If they do, you can proceed and follow the right procedure to make payment. You can pay for essay services using coins such as Ethereum and Bitcoin.
Own cryptocurrency
Your first step is to own cryptocurrency. You can buy from crypto exchanges using fiat money or from a broker. Create an account, verify it, and then deposit money to buy the coins. You store your coins in a cryptocurrency wallet. You can install the wallet app on your phone or computer.
Order and pay for your homework help
You need to create an account with your essay writing services provider. For instance, visit the Edubirdie essay writing service and create an account. If you already have an account, log in and click on do my homework. Provide instructions to your homework help expert. The professional will give you the cost of your homework help. Your next step is to pay Edubirdie to do your homework and wait for the final work to be delivered. It’s always on time and of the best quality.
How payments work
When you make payments to some business, they provide you its crypto wallet address where you will send the money. The address is a combination of numbers and letters. They can range from 24 to 35 or more characters. Sometimes you might only be given a QR code to scan with your phone. To complete your payment, follow these steps.
- Go to your wallet account and log in
- Choose your currency such as BTC, ETH, DOGE, LTC, and USDC.
- Go to the send icon and click on it
- Type or paste the recipient’s wallet address
- Type the number of crypto coins you want to pay
- Check the fees and other sending details on the window
- Click on the confirm icon to confirm payment.
The online business will receive the payment. You can also make payments with cryptocurrency using merchants who accept the services. Another method is to use your crypto debit card. When you use a card, you must convert your cryptocurrency into cash.
Benefits of cryptocurrency as a payment method
Crypto payments are widely accepted today across a wide range of platforms. The modes of payment using coins are increasing too. Whether you are paying for books, a course to study, or homework, crypto payments provides you with many benefits.
Friendly transaction fees
Cryptocurrencies provide you with one of the lowest transaction fees. If you are using traditional methods to make payments, you could pay up to 3% or more. For instance, credit and debit cards charge about 3% of your total payment. Crypto services charge you just a few cents.
Enhanced security
Crypto payments happen on the blockchain system. It is public ledger based and one of the most secure so far. That means your data will be safe.
International Access
Cryptocurrency is borderless which means you can access it from any part of the world. This is different from traditional payments where each country has its unique currency.
Conclusion
College students need to learn how cryptocurrency works and get the benefits. They can trade with it to get profits or use it to make payments. One of the payments that can be made with crypto is homework. You must own an account and buy crypto for a broker or an exchange. The method is secure, universal, and cost-effective.
