1. What is Bitcoin?
Bitcoin is basically 'Internet Money', a form of currency that could transfer across the Internet with a fast speed and small cost. You can learn more about it from the Official Website.
2. Why Dispenser.tf chooses to accept Bitcoin?
We choose to accept Bitcoin because it is a wonderful technology for websites of our nature and for traders like you. First, Bitcoin transfer is irreversible. Second, it is good at handling small transfer since a Bitcoin could be divided into a fraction of any size and be transferred with a very low cost. Third, Bitcoin transfer is quick and secure. The most importantly, we believe it is a revolutionary invention that will continue to thrive in the future.
3. How to use Bitcoin on Dispenser.tf? What are the pricing and fees?
Bitcoin usage on Dispenser.tf is very simple. First, you will have to deposit Bitcoin to your account. You can manage deposit and withdrawal through the credit page.
To purchase with Bitcoin, you first have to deposit Bitcoin to your Dispenser.tf Bitcoin wallet. There is a minimum deposit amount of 0.0005 BTC (minus fee) and no maximum limit. It takes 1 blockchain confirmation for your Bitcoin to be credited but may delay due to network condition. After the Bitcoin is credited to your account, you could start spending the Bitcoin balance for premium package or item purchase. The option to buy with Bitcoin only shows up when the seller has chosen to accept Bitcoin payment.
The minimal withdrawal amount is 0.001 BTC. A minimum network transaction fee of 0.0001 BTC (paid to the network, not us) is required and you can increase the fee for faster transfer.
Fee and Pricing
The transaction fee of Bitcoin trades on Dispenser.tf is 1%. Both buyer and seller pay the fee. The value of Bitcoin is updated automatically according to the market price.
4. How to obtain Bitcoin?
Mining Bitcoin, as intuitive as it sounds, is actually a task that is very difficult to break even. To be rewardable, it requires a lot of setup work, a specific mining rig, low electricity fee and joining a mining pool. Please search for information and make sure you fully understand how it works before you start. This is no longer a recommended way to get Bitcoins nowadays.
You can purchase Bitcoin from trading sites that deals with exchange between fiat currency and Bitcoin. Here are some recommended Bitcoin trading sites.
If you do not plan to trade Bitcoin regularly, you could also consider Localbitcoins. It is a website and escrow service that helps you to find and trade with local Bitcoin traders in the neighborhood.
c) Bitcoin Ads
Some website gives Bitcoin for clicking ads or completing certain tasks. The average rewards for these ads are very small. But the reward could still be significant if you participate in a lot of ads website. For ads website, Coinad and Freebitcoin give decent reward for relatively easy tasks and are recommended.
5. What is your security measure against Bitcoin theft?
There are mainly three security implementations against Bitcoin theft:
1. All Bitcoin withdrawals are verified manually to ensure the balance is correct.
2. We only store a fraction of Bitcoin in our hot wallet. Others are stored in our cold storage.
3. Google Authenticator and Steam are both used as authentication method for withdrawals.