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Online transactions through existing currencies such as Dollars, Euros and more are likely to delve users into problems at times. The US government has specifically instructed the online payment making companies such as PayPal, not to involve in any transaction with most of the Middle East countries.

This further makes it difficult for the people living in these locations to carry on with their businesses or to use VPNs. Hence the need felt for a platform that could allow successful online transactions to and from any part of the world without restrictions; Bitcoin seems to be the most befitting solution for such an ask.

What is Bitcoin?

It is an online payment method that involves the use of digital currencies for transaction and sets you free from the hassles involved in performing transactions through real currencies. Created initially as an open source project by Satoshi Nakamoto in 2009, this virtual currency is comparably new to the existing ones, yet it is increasing its dominance over the world economy at a rapid pace.  It works on peer-to-peer technology and is operated in a decentralized mode, without the control of any central authority.

Is it secure?

Computers nowadays have become too efficient and optimized to deal with newly introduced functions and the same holds true for their capability to break an encrypted algorithm. However, transaction through Bitcoin could be termed as safe and secure since it relies on the advanced algorithm Hashcash developed by Dr. Adam Back that provides an encryption which is hard to pierce through. None of the treasuries or banks can modify its worth.

How to get Bitcoins?

You can exchange your currencies such as Pounds, Dollars or Euros to get Bitcoins from online currency destinations such as Mt.Gox. Many companies worldwide have also started to provide Bitcoins in exchange of certain merchandises or services such as online gaming, coffee, pet wear and more.

Alternatively, you can generate Bitcoins on your by performing a chain of transactions called ‘block’ to get 50 Bitcoins. Though this would require exceptional computing power and hence is a rare process.

How to generate them?

Generation of Bitcoins is carried out through a process called ‘mining’ which is installed in the form a client software on the user’s machine. It got its name from the older days where miners used gold to exchange it with money that ultimately paved way for the inflation of US dollars at that time.  The client creates Bitcoins at a slow pace in lieu of a considerable computational power to perform transactions. It  produces 50 coins for node (user at the other end) that is first to complete the block.

The new batch of Bitcoins is distributed among the miners according to the computing power they applied; those having higher power are expected to get a bigger share. However, the number of overall Bitcoins produced is fixed at 21 million. Hence, with the increase in users of Bitcoin, mining will continue to yield lesser Bitcoins and consequently, the old members would be among the topmost beneficiaries.

Bitcoins for VPN

Same as in other walks of life, Bitcoins have started their presence to be felt in the world of VPN as well. Most of the VPN providers that were earlier content with the online payment methods to accept the service charges from their users now find it easier to opt Bitcoins for the same.

The popularity of this online payment system among the VPN users and providers is also widespread due to the reason that it offers both of them a convenient mode to perform transaction with each other without any limitations.

A boon for restricted countries

Most of the online payment companies have been restricted to accept payments from the users located in Arabian countries, china or in Africa. The needful users are therefore compelled to request someone of their acquaintance living outside these regions to make payment. Else, they consider it better not to avail the facilities if VPN. But thanks to Bitcoin payment system, they can now keep pace with their business comfortably without depending on PayPal or any similar site for financial obligations.

VPN with Bitcoin Payment

Below is a detailed list of VPN providers that offer the option to make payment through Bitcoins. In the forthcoming times, the list is expected only to increase further.

Rank	Provider	Starting Price	Visit
1	VPN 3000	$4 / 1 month
2	Air VPN	$9.97 / 1 month
3	Cloak VPN	$5 / 1 month
4	Mullvad	$7.082 / 1 month
5	Private Internet Access	$6.45/month
6	VPN Rocket	$8 / 1 month

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Wish you a Happy and Private Internet Life !!

Allen R.

Allen is an internet secuirty and privacy geek. He is an Editor at Bestvpnservice.com and loves to explore new VPN Services and technologies. He is also in love with blogging, his life (not wife) and travelling. He is a die hard soccer fan and is crazy for Manchester United.