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Steam To Stop Supporting Bitcoin Transactions

Written by Michael Larabel in Valve on 6 December 2017 at 12:40 PM EST. 54 Comments

Valve has decided to stop supporting Bitcoin for settling transactions on Steam.

Effective today, Bitcoin is no longer supported on Steam. This decision was due to the increased volatility of Bitcoin recently as well as increased transaction fees.

Valve had been supporting Bitcoin for buying games on Steam since April 2016. Valve says they may reevaluate their cryptocurrency support in the future, "At this point, it has become untenable to support Bitcoin as a payment option. We may re-evaluate whether Bitcoin makes sense for us and for the Steam community at a later date."

More commentary on SteamCommunity.com.

If you are looking for a use for some BTC, we do still accept Bitcoin for tips and Phoronix Premium.

54 Comments

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About The Author

Michael Larabel is the principal author of Phoronix.com and founded the site in 2004 with a focus on enriching the Linux hardware experience. Michael has written more than 20,000 articles covering the state of Linux hardware support, Linux performance, graphics drivers, and other topics. Michael is also the lead developer of the Phoronix Test Suite, Phoromatic, and OpenBenchmarking.org automated benchmarking software. He can be followed via Twitter, LinkedIn, or contacted via MichaelLarabel.com.