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Money Talk

How do you get change using bitcoin?

Submitted by johnwey, , Thread ID: 100714

Thread Closed
03-09-2018, 02:23 AM
#1
I've been wondering...
Let's say I have a bitcoin, let's say it's worth $10,000.
And let's say I'm in Myer, an Australian company that accepts bit coin as payment
And I wanna buy a $100 shirt, but pay using bit coin
What do I get for my change?
Is the bit coin broken up into some kind of bit cents?
Thanks in advance
John

RE: How do you get change using bitcoin?

#2
03-09-2018, 02:23 AM
johnwey Wrote: I've been wondering...
Let's say I have a bitcoin, let's say it's worth $10,000.
And let's say I'm in Myer, an Australian company that accepts bit coin as payment
And I wanna buy a $100 shirt, but pay using bit coin
What do I get for my change?
Is the bit coin broken up into some kind of bit cents?
Thanks in advance
John

A Bitcoin can indeed be split, basically to really small fractions. You would simply send 0.01BTC to pay for the $100 t-shirt: no change, easy.

RE: How do you get change using bitcoin?

#3
03-09-2018, 02:23 AM
johnwey Wrote: I've been wondering...
Let's say I have a bitcoin, let's say it's worth $10,000.
And let's say I'm in Myer, an Australian company that accepts bit coin as payment
And I wanna buy a $100 shirt, but pay using bit coin
What do I get for my change?
Is the bit coin broken up into some kind of bit cents?
Thanks in advance
John

Yea sorta, its automatically calculated. It goes to absolute minute amounts if you care read thishttps://en.bitcoin.it/wiki/Units

RE: How do you get change using bitcoin?

#4
its automaticalle calculat lol.... you can read this on bitcoin.it .....

RE: How do you get change using bitcoin?

#5
It would be given back to you as a fraction difference of what you paid.

RE: How do you get change using bitcoin?

#6
03-09-2018, 02:23 AM
johnwey Wrote: I've been wondering...
Let's say I have a bitcoin, let's say it's worth $10,000.
And let's say I'm in Myer, an Australian company that accepts bit coin as payment
And I wanna buy a $100 shirt, but pay using bit coin
What do I get for my change?
Is the bit coin broken up into some kind of bit cents?
Thanks in advance
John


Yea sorta, its automatically calculated. It goes to absolute minute amounts if you care read this https://en.bitcoin.it/wiki/Units

RE: How do you get change using bitcoin?

#7
11-09-2018, 07:41 PM
Xenoplasm Wrote: Yea sorta, its automatically calculated. It goes to absolute minute amounts if you care read this https://en.bitcoin.it/wiki/Units

Thanks I never new as well how this worked

RE: How do you get change using bitcoin?

Warned
#8
Bitcoin can indeed be split, basically to really small fractions. You would simply send 0.01BTC to pay for the $100 t-shirt:

RE: How do you get change using bitcoin?

#9
Uh i dont really get your question can you repeat it ?

RE: How do you get change using bitcoin?

#10
You don't, unless you have a bank account or valid VCC Company

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