Suredbits, a development firm, has released a Bitcoin-based method for handling recurring payments. Potentially a game-changer for bringing Bitcoin and other cryptocurrencies to the masses. This option allows users to pay for subscription services like Netflix, Amazon Prime, Microsoft, and others with crypto coins.
Developers of the Bitcoin alternative have likened the system to the Automated Clearing House (ACH) because of the essential role that Discreet Log Contracts (DLC) would play in making the system work. The conventional approach involves people subscribing to a service, with the provider automatically taking a set amount of money out of the user’s bank account on predetermined dates.
Users must enter sensitive information, such as their credit card number and card verification value, into the service to finish the procedure (CVV). Bitcoin DLC payments would be an improvement to both the user, who would always be in charge of their funds and data and the business, which would save money on standard payment rails.
The DLC is protected by the network’s reliability and provides additional advantages such as refund methods, confidentiality, less counter-party risk, and personalization.
The technology would need to be configured in a certain way to process Bitcoin DLC payments for ongoing subscriptions, such as Netflix. Users will have more financial agency since “the DLC is unilaterally paid,” as the creators put it, eliminating the need for a Bitcoin transaction. Moreover, subscribers would have to spend the UTXO in order to terminate their subscription.
Using Bitcoin (BTC) and Other Cryptocurrencies to Pay for Netflix Subscription
Subscribing to a service like Netflix usually necessitates using a credit or debit card. However, many people lack access to traditional banking services or the resources necessary to apply for a card. In this way, millions of gamers may access them if developers permit users to pay for DLC using Bitcoin.
A credit or debit card is often required to subscribe to a service like Netflix, but many individuals do not have access to traditional banking services or the tools necessary to sign up for a card. As a result, allowing users to pay for DLC using Bitcoin might make it possible for tens of millions of people to benefit from them.
Netflix does not accept Bitcoin directly. However, various workarounds exist for paying with Bitcoin or other cryptocurrencies to receive a Netflix membership.
Many large online retailers already accept cryptocurrency as a payment option, and this trend is likely to continue as cryptocurrency gains legitimacy in the eyes of the law. It’s so well suited to online transactions that it could as well be the ideal money for the web.
In this tutorial article, we will focus more on how to use Bitcoin (BTC) and other cryptocurrencies like Ether (ETH), Theta USD (USDT), Litecoin (LTC), Dogecoin (DOGE), Dash (DASH), etc. to purchase a Netflix membership. This post is for you if you’ve been looking for information on how to do this.
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Netflix, Inc. is a Los Gatos, California-based American OTT platform and production firm. Reed Hastings and Marc Randolph started Netflix in 1997 in Scotts Valley, California. Its principal offering is a subscription streaming service where users may watch movies and TV shows online, including those made by the firm itself.
This highly regarded streaming service offers a few tiers of service, from free to premium. The most costly plan is the premium one, which gives you access to the highest quality video (4K) and allows you to view four distinct streams simultaneously.
Netflix Plans and Prices of Netflix Subscription
Plans and prices of Netflix subscriptions are as follow:
A valid credit card or bank account (perhaps via the IBAN) is required to begin streaming on Netflix after creating an account.
Reasons for Using Bitcoin to Subscribe to Netflix
For whatever reason, you may desire to use Bitcoin and other cryptocurrencies to pay for a Netflix membership. However, many people do this for safety concerns, or because they do not have a legitimate card to add as a payment option on their Netflix account.
There are several distribution points from which you may acquire a valid Netflix Gift Card, any of which can then be used to renew your Netflix subscription.
Netflix Gift Cards
The Netflix Gift Card is only accessible to customers in the United States, the United Kingdom, Japan, Mexico, Canada, and Germany.
One’s monthly fee can be waived by using a gift card, which functions as a credit on one’s account. Typically, its worth is $30, $60, or $100, and it must be spent in full at one time.
Netflix gift cards can be used to pay for Netflix subscriptions or given as gifts. They are available for purchase at many stores and on the web.
- The back of every gift card clearly states that the card has no expiration date.
- There is no return policy for gift cards. If you have a Netflix gift card and add it to your account, you can keep watching until the balance on the card is depleted.
- Third, you can’t add funds to a gift card that has already been redeemed.
NOTE: A Gift Card is a great gift, but it’s essential to make sure you pick one that uses the currency of your country or region. If you cannot find gift cards for your location, you can use a gift card from another part by creating a new account with the same name but a different billing address.
How to Redeem any Netflix Gift Card (Physical or Digital)/Renew your Netflix Subscription
- Use this link to redeem your Netflix membership: https://www.netflix.com/redeem.
- Locate the code by carefully using a penny to scrape the foil off the back of your card.
- Digital gift cards feature a code that may be found in an accompanying email. If a code is required, it will be printed on the receipt.
- To redeem your coupon, type in the 11 unique digit pin/code and hit the button.
- Either log in with your existing account email address or register a new one.
- Once you confirm your selection, the screen will change to allow you to begin watching or joining.
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How to Buy a Legit Netflix Gift Card with Bitcoin (and Other Cryptocurrencies) from Bitrefill
Although you may purchase Gift Cards from various online retailers, not all of them accept Bitcoin. In this tutorial, we will illustrate with one of the trusted crypto online merchants – Bitrefill. This site also allows you to buy airtime and data subscriptions with cryptocurrencies. You earn cashback in BTC when you make any purchase via the website with cryptocurrencies.
To buy digital Netflix gift card with crypto via Bitrefill:
Go to https://www.bitrefill.com/. Set your Country to USA or Eurozone on the Bitrefill site. You can also select your language. Then tap the Save button.
Navigate to the Gift Card catalog, Select All Gift Card, and then locate Netflix and select it (Under Your online addictions section. Or you simply go to https://www.bitrefill.com/buy/netflix-usa/.
NOTE that Netflix gift cards are currently available in USD and EUR. Users of Bitrefill may buy US dollars in $25, $30, and $50 increments, or Euros in €15, €25, and €50 increments.
Now select the amount you wish to buy, and then tap the Add to cart button. Specify the number of gift card you wish to buy, and then tap the Checkout button. Alternatively, if you wish to buy for a friend or someone else, tap the Purchase as gift button.
Next, enter the email address where you wish to receive the digital gift card. Agree to Bitrefill’s Terms & Conditions. Then tap the Continue button.
Now choose a crypto payment option. Here are some of the options:
- Bitcoin (BTC)
- Bitcoin Lightning
- Ether (ETH)
- Binance Pay
- USDT ERC20
- USDT TRC20
- Litecoin (LTC)
- Dogecoin (DOGE)
- Dash (DASH)
Next, select your crypto wallet or exchange (like Metamask, Trust Wallet, Binance, Enjin, KuCoin Exchange, Opera, etc.) and connect to it. Alternatively, you can use WalletConnect to scan the QR code.
Send the exact crypto amount specified, and approve the transaction in your crypto wallet.
Once the payment is confirmed, your gift card code will be sent to the email address you specified.
Congrats! You just purchased Netflix gift card with cryptocurrency.
NOTE: You can use the above steps to buy any gift card (Amazon, Uber eBay, Spotify, Walmart, Airbnb, etc.) from Bitrefill and pay with Bitcoin and other cryptocurrencies.
How to Pay for Netflix Membership/Subscription with Bitcoin and Other Cryptocurrencies: A Step-by-Step Guide
Here is a step by step guide to pay for Netflix subscription with cryptocurrency.
Step 1: Purchase a gift card (Netflix Gift Card) in the same currency as your monthly Netflix fee. Bitrefill accepts Bitcoin and other cryptocurrencies like Ether (ETH), Theta USD (USDT), Litecoin (LTC), Dogecoin (DOGE) and Dash (DASH) for this purpose (as explain in the previous section of this article).
Step 2: Create a Netflix account. Skip this step f you have already created one.
Step 3: Now go https://www.netflix.com/redeem to redeem the Netflix gift card you bought from Bitrefill.
Step 4: Top up your Netflix balance by entering the 11-digit PIN for the gift card you received from Bitrefill.
Step 5: Finally, select a subscription plan.
You now know how you to pay for a Netflix membership using Bitcoin or any other cryptocurrency. We recommend you buy your Netflix gift card via Bitrefill because it is a top trusted site that allow its users buy Netflix gift cards with cryptocurrencies. You don’t need to sign up with them in order to make a purchase.
Despite the fact that Bitcoin is not now accepted as a means of payment by Netflix, utilizing this workaround is an excellent choice. Buying gift cards with a Virtual Credit Card is an alternative option. Also, you can buy Bitcoin (BTC) with Netflix gift card instantly.
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