- Set up a cryptocurrency wallet. If you’re new to cryptocurrencies, start by opening an account at Coinbase. It’s probably the most popular and user-pleasant cryptocurrency change, making trading in digital currencies simple. Once you’ve created your account at Coinbase, go to ‘Accounts’ >>‘Receive’ on any of your units and copy the address for certainly one of their many supported cryptocurrencies.

- Contact your utility supplier and find out if there’s a method to pay bills with cryptocurrency. Many utility firms are starting to undertake blockchain know-how, which suggests they’ll probably be ready to simply accept cost from cryptocurrency accounts and conventional bank accounts or credit playing cards. If this option is just not but out there, examine back later.


Benefits of Utilizing Cryptocurrency to Pay Payments

In late August 2012, an operation titled Bitcoin Savings and Trust was shut down by the owner, leaving round US$5.6 million in bitcoin-primarily based debts; this led to allegations that the operation was a Ponzi scheme. In September 2012, the U.S. Securities and Alternate Commission had reportedly started an investigation on the case.