If you’ve stumbled upon this site, you may be wondering why you would want to use Bitcoin to pay for a membership to an adult site. After all, every adult site accepts credit card.
Whenever someone asks me this question, these are the reasons I provide them:
- Safety and Security: When you provide your credit card information to a third party via the internet, you are taking a risk. Depending on the payment processor that the adult site uses, this risk may be small or large, but regardless it is still a risk. When dealing with adult sites, this risk can be increased immensely. Dealing with stolen payment information can be a huge hassle. With Bitcoin, you never have to worry about your payment information being stolen from a third party when you make a transaction.
- It is private: While I hesitate to say that Bitcoin is anonymous (every transaction is recorded in a public ledger), it can certainly be as private as you make it. When it comes to signing up for an adult site, the merchant has no need to know your name or address, and unless you tell them, they will have no way to find out your identity. Needless to say, you also won’t have to worry about it showing up on your credit card statement either.
- No Sneaky Recurring Payments: It’s no secret that adult sites prefer to get you hooked on recurring credit card payments. Depending on how unscrupulous the company is, you may have a tough time cancelling that payment as well (think gym memberships). With Bitcoin there is no way for the company to take funds from you unless you pay them, so you don’t have to worry about the fine print.
- You own it: This last point isn’t really specific to the adult industry, but rather the banking system as a whole. With Bitcoin, when you buy some, you truly own it. Bitcoin is entirely decentralized, so you don’t need to trust anyone else with your money. Its no secret that with other services such as PayPal, you run the risk of having your account frozen indefinitely.