Bitcoin is the most popular cryptocurrency. There are others accepted by some VPNs including Litecoin and Dogecoin but they are not nearly as popular as Bitcoin. For that reason a number of the leading VPN providers in the industry have added support for Bitcoin payments. Paying with a cryptocurrency gives you a higher degree of anonymity than using a credit card or PayPal.
Bitcoin was the first cryptocurrency to catch the attention of the public and it continues to grow in popularity as more and more companies accept Bitcoin payments. The cryptocurrency is the brainchild of Satoshi Nakamoto. He shared the open-source code for Bitcoin in 2009. Since the payment system uses peer-to-peer (P2P) technology there is no bank in he middle. That is one reason the cyber currency is so popular for privacy services.
Bitcoin has been categorized as a decentralized virtual currency by the U. S. government. It takes a little time to learn how Bitcoin works but the process has been simplified over the years with the addition of bitcoin wallet services like Coinbase. There have been inherent risks over the years as Mt. Gox proved when their service was hacked. Unlike bank accounts which are insured, Bitcoin exchanges are not required to replace stolen funds.
Paying for VPN with Bitcoin
When it comes to paying for VPN service with Bitcoin there are a few things you should know. First you will want to have funds in your wallet to pay for your VPN subscription. There are some limitations that most VPN companies put on Bitcoin payments given the fluctuation in value of the currency. Most VPNs either do not offer refunds of cryptocurrency payments or offer a refund based on the current value of Bitcoin when the refund is made.
The reason VPN users are drawn to Bitcoin is anonymity. That makes sense. Why not sign up for a service that will help protect your online privacy with a payment method that does the same. Yo will find that all the VPN services we listed above are happy to accept Bitcoin and in some cases other cryptocurrency payments. If you run into any problems or would like us to consider other VPNs for our list please let us know @VPNFan.