Cryo Centers of America is proud to support the usage of bitcoins and cryptocurrency for all of our products and services. Our entire line of cryotherapy equipment, including localized cryotherapy devices, whole body cryotherapy chambers, and mobile cryotherapy trailers, can be bought with cryptocurrency options such as Bitcoin, Ethereum and Litecoin.
But what exactly are Bitcoins and cryptocurrency? And how do you use them to make real-world purchases? Here’s a brief primer on how it all works.
Cryptocurrency is a type of digital money that is intended to be secure and, in many situations, anonymous. The first cryptocurrency was Bitcoin; it was created in 2009 and is still the most famous. Bitcoin was invented in 2008 by an unknown programmer or group (the Internet is still not sure which), under the false name Satoshi Nakamoto. There has been an upsurge of cryptocurrencies in the past decade and there are now nearly 1,000 available via the Web for use.
Each Bitcoin is made of a string of computer code, which is protected by a personal key. It lets consumers to participate in electronic transactions without commercial banks as middlemen, and outside the view of big banks. Experts estimate that there are between 3 million and 6 million active users of cryptocurrency wallets — the term for where where users store, send and receive currencies. Besides Bitcoin, other major cryptocurrencies include Ethereum, Litecoin and Ripple.
Cryptocurrencies use decentralized technology that allows users to make safe payments and store money without needing a bank or even their name. They run on a distributed public ledger called blockchain, which keeps records of all transactions updated and held by currency holders.
Cryptocurrencies are known for being secure and providing a level of anonymity. Transactions in them cannot be falsified or reversed, and there tend to be minimal fees, making it more trustworthy than conventional currency. Their decentralized basis means they are available to everyone, where banks can be quite picky in who they will let open accounts.
To make purchases from Cryo Centers of America, we recommend Coinbase, the easiest option to buy Ethereum, Bitcoin, or Litecoin (it doesn’t support any others yet). After verifying your account, you can then add other payment methods like credit or debit cards, U.S. bank accounts, or even wire transfers of funds. Other options for exchanges that will take U.S. dollars for coins are Kraken, and Gemini in the U.S. Most frequently, you will need to verify your account with a driver’s license and add other details to expand your buy limits.
Thinking about buy cryotherapy equipment with Bitcoin? Need help doing so? Don’t hesitate to contact us with any questions you have — we’re more than happy to help. Thanks!