Reddit Reportedly Removes Bitcoin As Payment, Cites ‘Coinbase Change’

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Bitcoin (BTC) has reportedly been excluded as a payment option for Reddit’s premium membership program, Reddit Gold. This was the buzz from a March 23 subreddit /r/btc. Users can now instead pay only through their credit card and Paypal.

According to subreddit moderator (but not /r/btc) BitcoinXio, the decision to drop BTC as an option was due to an “upcoming Coinbase change.” Reportedly, this, “combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option.”

Come April 30th, merchants will have to make the switch because Coinbase Merchant Tools will no longer have access to this particular product. Meanwhile, May 31st is the supposed final date for the switch to Coinbase Commerce. For those thinking of adding their BTC back as payment option, it’s not going to be a guarantee. “We’re going to take a look at demand and watch the progression of Coinbase Commerce before making a decision on whether to reenable.”

Reddit has reportedly removed the option for users to pay for their premium membership program, Reddit Gold, in Bitcoin (BTC) citing an “upcoming Coinbase change”, according to a Reddit post in subreddit /r/btc published March 23.

Reddit user BitcoinXio posted a video of the steps to give another user Reddit Gold, showing that the only payment options are PayPal and credit card.

Reddit user emoney40, a moderator of several subreddits but not /r/btc, commented that the change is due to the Coinbase Commerce change: “The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option.”

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