We Now Accept Bitcoin and Other Cryptocurrencies

How do I pay with Bitcoin?

Bitcoin is a digital currency that allows quick and secure online payments. We partnered with Coinbase, a Bitcoin platform, to enable Bitcoin as a form of payment on Nikecraze.com. Coinbase is a Bitcoin wallet that allows consumers to buy, sell, send, and receive Bitcoins.

If you are already a Bitcoin user and would like to place an order using this form of payment, select the Pay with Bitcoin/Cryptocurrencies under the Payment Information section of our checkout page.

If you are currently not a Bitcoin or Cryptocurrency user, then you’ll need to signup for a free Coinbase account. It only takes a few minutes.

  1. Create an account
  2. Link your bank account
  3. Buy enough Bitcoin or other Cryptocurrency to fund your order

Once you funded your Coinbase account, select the Pay with Bitcoin/Cryptocurrencies under the Payment Information section of our checkout page.

Bitcoin Payment

After you verify your order information, click Proceed To Coinbase and complete your transaction using your Coinbase account or Bitcoin address.

How will my refund be issued with Bitcoin?

Returned orders qualify for a refund in Bitcoin. The refund will be issued for the full USD value of the order and processed at the Bitcoin exchange rate when the refund is completed. Your refund will be issued through Coinbase using the email address listed on your Nikecraze.com account.

If your item is damaged or defective, you may return it for a replacement of the exact item. Replacement orders will ship once we receive and process your original item return at our warehouse.

All refunds are issued for the full USD value of the order and processed at the Bitcoin exchange rate at the time the refund is completed.

 

Frequently Asked Questions

What is a Bitcoin?

Bitcoin is the first form of decentralized (meaning it is not controlled by any organization or government) digital currency that can be exchanged from peer to peer for goods and services. Bitcoins are designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities.

There is a limited number of Bitcoins in circulation and new Bitcoins are created at a predictable and decreasing rate. A fixed number of Bitcoins means they are a commodity whose worth is determined by supply and demand (similar to stocks).

How do you get a Bitcoin?

Bitcoins are “mined” through a process where specialized computers search algorithms to solve difficult mathematical problems. Every time they find a solution, a Bitcoin is generated.

You can earn Bitcoin through “mining,” accepting them as payment for goods or services, or purchasing them at a Bitcoin exchange.

What are the benefits of Bitcoin?

These are just a few benefits Bitcoin offers over traditional payment options:

  • Ability to send and receive any amount of money instantly, anywhere, and at any time.
  • Full control of your money. Bitcoin can be managed directly from your Bitcoin wallet.
  • Full control of transactions. With Bitcoin, you control all your transactions. No one can process unwanted or unnoticed charges.
  • Secure transactions. You are not required to provide sensitive or personal information with Bitcoin.

What is a Bitcoin Wallet?

A Bitcoin wallet is a digital wallet that stores your Bitcoin balance. A Bitcoin wallet contains your public address and private key, allowing you to buy, sell, exchange, and trade Bitcoins online and offline. Bitcoin.org describes a wallet like an email account: it stores information (Bitcoin) and allows you to send and receive information.

Is Bitcoin Secure?

Bitcoins have not yet been compromised. Bitcoin has a dedicated team improving security and safety for users. According to Bitcoin.org, It is not possible to create Bitcoin without mining, spend Bitcoin that belong to other users, or corrupt the network. For more information, please visit the Bitcoin FAQ.

What is Coinbase?

Coinbase, a Bitcoin wallet, is the world’s largest platform for buying and selling Bitcoin for US dollars at the current market rate. The Coinbase online wallet offers a place to securely store your Bitcoin and send/ receive Bitcoin with minimal to no fees. Coinbase is known as the “easiest on-ramp to the Bitcoin world.”

I’d like to learn more. Where can I find more information?

Please visit Bitcoin.org or their Wiki FAQ for more information.

 

Coinbase Customer Support

To contact Coinbase, please visit support.coinbase.com or, email [email protected].

 

Terms & Conditions

Final: Bitcoin transactions are final. Once you send Bitcoin funds to our account, the transaction cannot be reversed. This is a core feature of Bitcoin currency.

U.S. Dollars: All Bitcoin transactions are communicated in US Dollars (USD). The exchange rate is provided by our partner, Coinbase, at the time of purchase. This exchange rate is valid for up to 10 minutes. If the payment is not completed during this time, you may be provided with a new exchange rate. Bitcoins are only accepted by the domestic (US) version of Overstock.com.

Returns: Returned orders qualify for a refund in Bitcoin. The refund will be issued for the full USD value of the order and processed at the Bitcoin exchange rate when the refund is completed. Your refund will be issued through Coinbase using the email address listed on your Nikecraze.com account. If you do not have a Coinbase account, you will receive an email outlining how to create an account and claim your refund. If you fail to retrieve your funds within 30 days, the funds will be returned to Nikecraze.com as unclaimed and will remain in your account as an in-store credit.

When the refund is sent to an email address that has an existing Coinbase account, the funds are available instantly and there is no risk the funds will be returned to Nikecraze.com as unclaimed.

Damaged or defective merchandise may also be returned for a replacement of the exact item. Replacement orders will ship once the return of the original item is received and processed at the Nikecraze.com warehouse.

Cancelled Orders: Cancelled orders also qualify for a refund in Bitcoin. A refund will be issued for the full USD value of the order and processed at the Bitcoin exchange rate when the refund is completed. Your refund will be issued through Coinbase using the email address listed on your Overstock.com account. If you do not have a Coinbase account, you will receive an email outlining how to create an account and claim your refund. If you fail to retrieve your funds within 30 days, the funds will be returned to Nikecraze.com as unclaimed and will remain in your account as an in-store credit.

When the refund is sent to an email address that has an existing Coinbase account, the funds are available instantly and there is no risk the funds will be returned to Nikecraze.com as unclaimed. The refund may take up to 60 minutes to send, ensuring payment for the original order is confirmed by Coinbase.

Additional Services: Charges for products and/or services after an order is placed are not allowed with the Bitcoin payment type.

Payment Anomalies: In rare occurrences, payment anomalies may occur. Below is a list of these events and how they are handled. Any anomaly outside this list should be addressed with the Customer Care team; they will attempt to return your funds.

  • If we receive an under payment, no order will be created and after 60 minutes the amount sent to Nikecraze.com will be sent back via Coinbase to the email address listed on your Nikecraze.com account.
  • If we receive an over payment, your order will be created and after 60 minutes, the remainder of the overpayment will be sent back via Coinbase to the email address listed on your Nikecraze.com account.
  • If Nikecraze.com nor Coinbase is able to verify the legitimacy of the Bitcoin transaction, your order will be cancelled and you will be informed via email. In this case no funds should be removed from your Bitcoin wallet.