Pay Chaturbate with Bitcoin or crypto

Introduction

Bitcoin is around for quite some years now.  (It is introduced in 2009)  At first, people are skeptical about it and worried that it will be used in illegal activities but now it’s getting more attention and acceptance.  What is Bitcoin or cryptocurrency?  Read more about it here.

For example, you can now buy webcam chat tokens with Bitcoin.  Chaturbate is probably the first one in the webcam industry to accept Bitcoin for payments.  That’s cool!  I wish I had participated in mining bitcoins years ago.  So nerdy!  Lols.  I have a friend who just boasted to me that he has finally mined enough Bitcoin to buy himself a coffee!  haha. (Updated in 2021: current price of BTC is USD46,874. I hope he didn’t spend one BTC on his coffee. That would be the world’s most expensive coffee!!) It will take him much longer to mine enough to buy tokens from Chaturbate for a private chat though.   It will be faster to get some from the Exchange.  See bitcoin.org to find out how to acquire more.

When I wrote this post in 2014, 100 tokens on Chatubate costs 0.0159 BTC and that’s the only cryptocurrency choice. In 2021, CB has greatly increased the number of cryptos they accept, making them safer, more private, and more secure for everyone. Besides Chaturbate, here is a list of cam sites that accept crypto. Please check it out.

How to buy tokens with crypto on Chaturbate

I presume you already have an account with Chaturbate. If not, just click sign up to create a free account.

Sign up with Chaturbate

1. You buy tokens the usual way. No matter whether you are using a laptop or mobile phone, you will find the “(Get more)” button on the top right-hand corner, or anywhere where you can see your token balance.
2. Click on Get More
3. You will see the following screen. Choose Cryptocurrency and click “Continue to payment page”.
4. Under “Coin type”, choose the type of coin you want to pay.
5. Specify the number of tokens you would like to buy.
6. Again, click “Continue to the payment page”.
7. This time you will be brought to Chaturbate’s crypto payment processor Coinpayments.net.
8. It is easiest if you pay with a crypto wallet like Electrum or Blue Wallet on your mobile device which allows you to scan the QR code generated for your transaction. The recipient’s address and amount to pay are all included in the QR code. You just need to check that your wallet has enough balance to pay for this transaction.
9. Confirm your payment transaction on your wallet.
10. Go to https://chaturbate.com/tipping/coin_invoices/ to see the status of your payment. It requires 2 confirmations to consider as a valid payment.
11. When the status of the transaction shows “Credited”, you should see tokens deposit to your account.

Now, in 2020, Chaturbate accepts a big variety of coin types if you want to pay with crypto. Here’s the list:

Coinpayments.net will show you where to send your coins, and how much. (As of 18 May 20-23, I found that Coinpayments.net is no longer the payment processor. Smartpay.coinsmart.com has taken over instead. But the process will be very similar. And it is easiest if you just scan the QR code. This way you are avoiding any typos too.

Which coins are accepted on Chatrubate

There are other popular coin types like XRP, Bitcoin SV (BSV), or Tron (TRX) that are not accepted at the time being but I am sure it changes over time. Do go back to CB to see if your favorite coin type is available.

Which coins are best for use on Chaturbate

The following table shows how many “coins” it cost for 100 tokens and 500 tokens on Chaturbate on 15 Oct 2020.

Unless you are already a fan or follower of a particular alternative of Bitcoin like Ether, Litecoin, or even Dogecoin, most people go for Bitcoin as it is the very first crypto, the most mentioned, and is the most widely accepted crypto. However, it doesn’t mean that it hasn’t got any problems. See the price chart and table below about the Bitcoin (BTC) price between 2020 and 2022.

Date	No. of Bitcoin (BTC) required for 100 tokens	Bitcoin price at the time
Oct 6, 2020	0.0007546	$10,742
Oct 15, 2020	0.0006940	$11,367
Jan 13, 2021	0.0002131	$32,359
April 13, 2021	0.0001243	$63,588
June 30, 2021	0.0002328	$35,069
July 19, 2021	0.0002515	$30,842
Nov 8, 2021	0.0001630	$67,582
Feb 13, 2022	0.0001915	$41,950

Bitcoin price fluctuation

As you can see, Bitcoin prices do fluctuate, In Jan 2021, it tripled the price in 3 months. If you already have Bitcoin in hand before the rise, it means you can now buy Chatubate tokens using only 1/3 of the number of Bitcoins required 3 months ago. Or put it another way, you can now buy 300 tokens instead of 100 tokens for the same number of Bitcoins 3 months ago. But not everyone likes the fluctuation. When the price drops, the value of the BTC in hand drops and lets you buy fewer tokens. It works both ways.

What about the altcoins?

Altcoins come and go too. It may be fashionable and draw the attention of speculators for a while. When there is a new altcoin being introduced, people may go for the new one and forget about the old ones. The coins themselves have no value unless there is a market for it, or unless someone demands it. If no one is interested in an old failed altcoin, your holding becomes worthless.

How about stablecoin?

Stablecoin is a type of crypto that targets to keep the value stable. Tether (USDT) is a well-known one. It helps crypto owners to avoid the volatility of other cryptocurrencies while still keeping their assets in the crypto market. Tether is pegged against U.S. dollars and maintains a one-to-one ratio. Worth noting that Tether Ltd does not guarantee your right to redeem your Tether for real money. In this case, it is ok because you just buy the Tether and turn around and give it to Chaturbate.

As the price is pretty much fixed, you don’t feel you need to buy it cheap and use it when the price goes up. It is just a tool to:

1. Protect your privacy. No more trace on credit card statements for your spending on cam, no matter how subtle the company names are.
2. You also don’t have to provide credit card details to Chaturbate and worry about credit card fraud if Chatubate is ever hacked and your credit card details stolen.

How long does it take the tokens to arrive using crypto?

According to Chaturbate’s FAQ, tokens will be deposited to your account shortly after the purchase confirmation, and everyone’s definition of “shortly” is different.

Unlike Lightning (a high-speed version of Bitcoin), it all depends on how busy the mempool (where all transactions wait to be confirmed by the Bitcoin network) is and how much fee you offer to the Bitcoin miners. The higher the fee you offer, the more likely your purchase will get into the next available slot of the mempool and get processed. Do you know that Camsoda accepts lightning? You don’t need to know what to do, their gateway coinpayments.net will make it work for you.

Chat with crypto and Lightning on Camsoda

If your payment in bitcoins gets into the next block of mempool, it typically takes around 10 minutes to get confirmed. Once your payment with Bitcoin is successful and arrives at Chaturbate’s Bitcoin wallet, then it’s Chaturbate’s job to update your account status and give you the tokens you have bought. This should be all programmatic and shouldn’t take long.

As always, if it takes too long and the tokens still haven’t arrived at your account, you should contact their support.

You can go to https://chaturbate.com/tipping/coin_invoices/ to see the status of your payment.

If the status of the invoice is marked “Credited”, then your crypto payment has arrived at CB and they have deposited the tokens into your account. If it shows “Expired” then it means your payment to CB has expired before it was transferred to CB’s wallet/account. You should try the payment again or use a different payment method.

Conclusion

If you are one of the lucky ones who start to own Bitcoin in the early days when it was cheap, it’s now time for you to enjoy it. Besides Chaturbate, there are many cam sites start to accept Bitcoin and other cryptocurrencies too. Check them out.