To complete an order with crypto
We currently accept BTC - Bitcoin, ETH - Ethereum, USDC - USD Coin, DOGE - Dogecoin, LTC - Litecoin, Dai, and BCH - Bitcoin Cash. ***
Yes. Cryptocurrency like Bitcoin and others is just a payment method like credit cards and cash.
Yes. Once your order is paid we will contact you to identify your FFL of choice to receive your item(s).
No. Generally orders paid with crypto are processed at the same speed as credit card orders.
No. There are no additional fees charged by DSG.
Yes. No third parties have identifying information about your transactions. Customers should be aware that the exchange you choose is responsible for any information you may have shared with them. Each exchange has its own privacy policies. Once you own your cryptocurrency DSG recommends a wallet that is separate from your exchange account to manage your crypto. Blockchain data can be viewed publicly but contains no identifiable information by itself.
Cryptocurrency is a digital record built on an encrypted blockchain that can process payment transactions and store value. This enables commerce without the use of traditional payment processors. A blockchain, in simple terms, is a series of encrypted records distributed across a large network of unrelated computers. Sometimes referred to as miners or nodes. This blockchain network allows for the replacement of credit and debit card processors in commerce by verifying each transaction and ownership of a cryptocurrency in a non-centralized manner. There is no single central repository for the blockchain transaction data. And no banks.
For new users, a centralized exchange (CEX) is a great way to do research and start buying crypto. They offer services such as simplified user interfaces, bank transfers, and purchases of crypto with credit cards. At the same time, a user has the choice to use a decentralized exchange (DEX). A DEX may not offer the same convenience features (like converting Dollars to crypto) as a CEX, but a DEX can be utilized for more privacy and to have more control over fees and transactions.
Once you own cryptocurrency it can be stored on a small hardware device (cold wallet) or on any number of local or software wallets (hot wallet). Then your wallet address or a mobile app on your phone is all that is required to make purchases. No credit cards or banks are required. Some crypto exchanges are now also offering traditional credit and debit cards that can be backed by cryptocurrency instead of the U.S. Dollar. Visa reported over $1 billion in crypto transactions in the first six months of 2021. And they expect it to grow quickly.
As with any new technology, the information presented through legacy media can be ill-informed or intentionally misleading. One of the biggest misconceptions is that all cryptocurrency transactions are anonymous. In reality, the blockchain records for most cryptocurrency types are publicly available to anyone with an interest and the technical ability to view it. What does not happen with cryptocurrency is that an organization cannot easily identify you, share, compile or study your spending data for marketing or political purposes. Your identity and your transaction history as related to you, as a named entity, are only available to the exchange you choose to share it with. Each exchange has its own rules and policies regarding privacy.
While the use of the blockchain and DEFI to provide financial services is a new and sometimes volatile technology, DSG supports the ideas behind it and the promise of conducting business without large organizations controlling the payment process. In the past, these organizations have shown a willingness to interfere in free commerce by choosing who has access to a currency or services based on politics or quid pro quo arrangements between banks and political parties. See Operation Chokepoint and Operation Chokepoint 2.0 for more information +++.
DSG firmly believes in the inalienable rights of Texans and all U.S. citizens and as such has been a target of these corrupt banking policies multiple times in our history (as recently as 2021). The use of cryptocurrency and Decentralized Finance principles can potentially offer our next generation a future without these issues.
DEFI and blockchain technology also offers the future promise of end-to-end smart contracts that someday can replace traditional purchase/order transactions by integrating purchasing, payment, and delivery tracking into a simple interface without checks, debit cards, and traditional banks. Development in this DEFI space is an ongoing project at DSG.
*** During periods of large volume, network issues, or market volatility DSG may temporarily restrict the use of some or all types of cryptocurrency payments.
+++ DSG has no affiliation with linked sources or articles