Microsoft: You can now buy Xbox credit with Bitcoin

Alongside cash and credit, Microsoft will now also accept Bitcoin in exchange for digital content, including music, movies and games on its Xbox consoles and Windows devices.

Bitcoin fans wanting to use their money on Microsoft's goods have a few caveats to keep in mind. First, you can't directly exchange Bitcoins for new games. You'll need to transfer the Bitcoins into your Microsoft account, and then use that money to purchase your content. Users can transfer up to $1,000 into their Microsoft account each day, but high rollers should be aware that there's a $5,000 maximum limit on each account. Once Bitcoins are transferred they can not be refunded.

If your eyes just glazed over, Bitcoin is an open source, peer-to-peer currency backed by the security of a computer algorithm instead of the economic strength of a nation. As the Bitcoin design is available to the public its supporters argue that the currency offers more transparency and freedom from human machinations than traditional monetary systems, and is inherently less likely to encounter the sorts of problems that caused the 2008 financial crisis.

Detractors point to events like the recent Mt. Gox scandal, in which a major Bitcoin exchange suddenly lost the equivalent of $470 million (most of which has never been recovered), as indicators that the cryptocurrency may not be as secure as advertised.

Related Forum: Xbox Forum



"Microsoft: You can now buy Xbox credit with Bitcoin" :: Login/Create an Account :: 42 comments

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I can imagine Bitcoin getting more popular this way. I myself may use it.


i'm not all into the bitcoin stuff or its just how I dont know anything about it.


Never used Bitcoin and really don't understand whats so special about it.


BitCoin has always seemed way too complicated for me. Probably won't be using this.


Interesting, if I had bit coins I would be more intersted in trading them and making more money to buy stuff like this, rather than wasting money on microsoft points. Idk, does not seem too worth it to me.


Friendly tip: If you want to invest into BitCoin do it now while the prices are still low


Thank god, I can now buy xbox credit with BTC instead of buying off third party sources.


-Skittle Never used BitCoin, not 100% sure how it works lol

Same. I was just watching a video explaining it and it seems complicated. At least for me it seems that way because I don't know a whole lot about computers.


This is an awesome advancement in crypto currencies and btc, this is great :)


Great for BitCoin users, never used it for anything, seems complicated haha.

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