Can I track payments if I pay insurance premiums with bitcoin?

Asked 5 months ago

It would be a massive load off of our shoulders if we could pay the car insurances for both our cars using a Bitcoin debit card. My husband is an avid investor and we realised that this could greatly benefit us. He mention something about changing to Metromile and that they offer a Premier Shield’s Bitcoin program. My only worry is that we won't be able to clearly track our Bitcoin payments or provide proof of payments should the need arise.

Stacy Peters

Saturday, October 15, 2022

Each Bitcoin transaction is documented on a permanent ledger (Blockchain) that’s available to the public. Although Bitcoin isn’t anonymous, it’s pseudonymous, and your wallet address is the handle used to transact on the Bitcoin platform. Therefore, you will be able to track your payments.

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