Would you sell domain names for Bitcoins?

It’s a question I’m getting more and more and something that I am now seriously considering, selling domain names for Bitcoin. Rewind two years and I would never in a million years think of selling domain names, something that I understand very well, for Bitcoins, something that seemed volatile, unpredictable, and potentially gone in a year or two.

Bitcoin

Well, it’s 2014 and Bitcoin is definitely here to stay and the Bitcoin industry is growing, and fast. I recently received an offer for a domain name that I own and the potential buyer offered me cash or Bitcoin with a bit of a kicker, the value of the Bitcoin would actually make the sale price higher at the current Bitcoin trading price.

I currently don’t have a single Bitcoin but I have plenty of domains, so maybe it’s time to take the plunge and trade some 1′s and 0′s for, well, some other 1′s and 0′s. What do you think? Would you sell domain names for Bitcoins? 

Photo Credit: btckeychain via Compfight cc

Morgan

Co-Founder at Fashion Metric
Morgan Linton was born in Berkeley, California but spent nine years traveling the world as an early employee for digital music startup Sonos. In 2007 Morgan founded Linton Investments, a domain name and branding company that has helped some of the most recognized startups in the world acquire their top choice domain name. In 2012 Morgan left his full-time job to co-found Fashion Metric, a startup building technologies that make it easy for online shoppers to buy clothes that fit and arming retailers with more data than ever before.

{ 10 comments… add one }

  • Aron - XF.com August 21, 2014, 9:02 am

    Yep.

    I own a good amount of Bitcoins right now and there have been a few of my domains I’ve floated out there to sell for Bitcoins. I don’t want to plug those names in your comment section – but, those interested in buying domains for Bitcoins can email me.

    Aron

  • Anthony August 21, 2014, 9:05 am

    I would not. Cash pays my bills right now. Perhaps some day when my utilities, mortgage, etc accept them but for the foreseeable future – nope.

  • Tony August 21, 2014, 9:49 am

    The time to accept bitcoin was a year or two ago. It is mature now and is much riskier than .com domains.

    I’ll do exactly opposite of what you will.

  • George August 21, 2014, 10:14 am

    I’ve noticed a brisk trade in domain names on the bitcointalk forum (usually for crypto-currency/bitcoin related domain names). There are also escrow agents available on the site willing to oversee the transaction. If you don’t like fluctuation risk inherent with bitcoin, get yourself a coinbase account and convert to cash immediately. There’s a convenience store near me that accepts bitcoin, and they convert to $ immediately to avoid price fluctuations.

  • CryptoNames.com August 21, 2014, 1:26 pm

    “trade some 1′s and 0′s for, well, some other 1′s and 0′s” – well said. The marked synergies between Bitcoin (i.e. digital currencies) and domain names is something we saw nearly two years ago.

    Nevertheless, glad to see growing acceptance among domain investors.

  • Danny August 21, 2014, 2:02 pm

    I absolutely would accept payments in bitcoin for domain names.

    One very nice advantage is that bitcoin transactions can’t be reversed. Once you received the coins into your wallet – you don’t need to worry about a chargeback or someone contesting the transaction on Paypal.

    Another advantage is there are virtually no transaction fees. If you got a payment via credit card or Paypal, you’ll lose 3% of the transaction on fees. If you want to move the coins to USD, you can do that through a service like Coinbase for a 1% transaction fee.

  • Joe August 21, 2014, 3:54 pm

    Well sell domain names through Bitcoins, reading the controversy in Wikipedia.
    http://en.wikipedia.org/wiki/Bitcoin

    This controversy also be US Federal Reserve with some major financial institutions worldwide, and countries are still to be solved.

    Bitcoins will be the future and this sure to be very successful worldwide that be.

    @ Morgan you if you agree to make the sale with Bitcoins that offers it who you know or what you’ve informed who this person P2P business remember? you can afford it for trying.
    At least I do not, nor know the opinion of others to think. I tend to be cautious after all what happen to this market and industry, I’d rather be all solved before, and then proceed with Bitcoins.

  • Francois August 22, 2014, 2:12 am

    As you can see in Bitkoins.com crypto currency industry is growing fast…
    But the number of escrow transactions we secure in bitcoins at ecop.com is still insignificant compared with secondary currencies like EUR, GBP, CAD, … I have the feeling the minority people who have bitcoins do not want to spend it for the moment, or they are not buy domains.

  • K Domain names August 22, 2014, 5:41 am

    I’d say that a domain name sale under the 10k mark would be good to go with bit coins, however on massive name sales I’d prefer to use the traditional method of eft or bank transfer methods.

    You never really know the exact future of bit coins, so short term sales would be a good idea especially domain names for a few hundred dollars I think. But if you buy a domain name worth 500k, then I’d be very fussy about my payment methods.

  • Morgan August 22, 2014, 6:43 am

    Awesome feedback everyone and great discussion, definitely more to talk about here and another post to come!

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