We know many of you have made some good money on Bitcoin and are now wondering, “What should I do with my Bitcoin earnings?”
Well, what’s better than using those earnings to buy the best seats to the Super Bowl? Here at TickPick we are accepting Bitcoin! All you need to do is email [email protected] and we will provide detailed instructions. Here’s where you can buy Super Bowl tickets on TickPick.
In 2018, TickPick became the first ticket marketplace to accept Bitcoin as payment. Then again in 2019 we allowed a fan who owned two Bitcoin, which at the time were valued at $6,902, to pay for a pair of tickets to Super Bowl LIII in Atlanta.
If we had held on to those two coins instead of cashing out right away, they would have seen an 827% return as the value would have been $64,000 today.
If you are just looking to understand the process, here it is at a high level.
TickPick will give the user a receiving address and then the user does a transfer to that address using a rate from a trusted exchange – GDAX or Bitstamp.
TickPick will then use Coinbase/GDAX where we will convert it to USD and withdraw the money. TickPick will then use GDAX to make a maker trade from BTC to USD and then withdraw using ACH.
The way it works is during payment the user is given the exchange rate and a unique receiver address to transfer to. The user then does the Bitcoin transfer to that address. On the server side after the transfer is received with the unique address, which matches to the customer, the amount is credited in the users account. Since the rate may have changed, it is looked up again and the most current rate is used. This is verifiable by the user, by using the rate of a trusted exchange; i.e., GDAX or Bitstamp, which both have APIs.
TickPick then provides the user with TickPick Reward credit equal to the amount of USD that we received from the transfer and sale of the Bitcoin. And, they buy the tickets like any other normal transaction. If there’s extra money the user can leave it in their TickPick account or request for the balance to be transferred back to them.
If you have any questions, please leave a comment below or email us at [email protected]