Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Bitcoins are now being accepted for videogames, courtesy of a service called Steambits.

The web site was launched last month by developer Ryan Connors, a lover of videogames, who wanted to offer a way to purchase them using the cryptocurrency. The web site is effectively a video game resale service. The customer pays for a game in bitcoins, and Connors then purchases it from the relevant party in US dollars, sending it to the customer within 24 hours.

The site started by offering games from Steam, the online videogaming portal, which sells games to users via online download. However, it has since expanded to include other, non-Steam games too, including codes for downloading games for the XBox 360.

The site hit a speed bump on May 5, when Steam noticed what was happening. “We had some (semi-anticipated) issues with Steam once we hit a certain volume of sales,” Connors posted in a support thread on Bitcointalk. The site was down for a time, but then continued with a limited selection, but has now expanded again.

The site is a good example of how goods not normally purchasable with bitcoin can be manually purchased as a service. The service provider can then make money from movements in bitcoin pricing.

Connors has also been offering several games at prices below Steam’s US dollar pricing. His methods are unclear, although gamers have been known to purchase games from different geographies, taking advantage of differences in regional pricing.

Read more about


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.