Aug 13, · Arguably the easiest way to spend bitcoin is to shop at crypto-only retailers that specifically target the cryptocurrency community as their user base. Examples include the auction platform Bitify, the art and merch seller 21X, and the decentralized marketplace OpenBazar. Apr 26, · Like most things, bitcoins get more expensive as demand increases. So while $15 could buy a single bitcoin and change in January, it now can buy slightly less than one tenth of one. Perhaps the easiest, most rewarding way to spend your bitcoins is by paying it forward. Use bitcoin to tip article and blog post authors with the click of a button, or donate to any number of worthy causes. You can also buy Reddit Gold with bitcoin, and give it out as gratitude for the user who posts your favorite cat pictures! Receive.
How to get and spend bitcoinsWhere Do I Spend Bitcoin? Here Are The Top 5 Ways To Get Started.
However, that does not mean that bitcoin has stopped being a digital currency that allows anyone in the world to make digital payments.
In fact, many bitcoin users use cryptocurrency to make their day-to-day purchases. Arguably the easiest way to spend bitcoin is to shop at crypto-only retailers that specifically target the cryptocurrency community as their user base.
Examples include the auction platform Bitify, the art and merch seller 21X, and the decentralized marketplace OpenBazar. These vendors accept cryptocurrency and typically also hold these funds in cryptocurrency. Unfortunately, crypto-only retailers are few and far between.
In addition to crypto-only retailers, there are thousands of online vendors that accept cryptocurrency via crypto merchant payment services, such as BitPay or BTCPay Server. According to data collated by SimilarTech , over , online retailers and platforms accept bitcoin as a payment method.
Moreover, leading online shop hosting platform Shopify has enabled cryptocurrency as a payment method. Any Shopify-hosted online shop can accept bitcoin and numerous other digital currencies simply by switching on this feature to the delight of crypto users.
Alternatively, you could purchase gift cards using bitcoin from platforms such as BitRefill or Gyft. They enable users to pay for gift cards from retailers such as Amazon, BestBuy, and Starbucks using cryptocurrency. The gift cards can then be used to make the purchase in-store or online.
While this is a bit of a go-around, it was one of the most popular ways to spend bitcoin in the early days of the digital currency when the bitcoin acceptance rate was still very low. Arguably the most convenient way to spend bitcoin, however, is using a bitcoin debit card.
Crypto debit cards, such as the BlockCard Visa Debit Card, allow cryptocurrency users to top-up their cards using a range of digital currencies that can then be used to spend anywhere bank cards are accepted.
Unlike with any of the other ways mentioned above, crypto debit cards enable bitcoin holders to spend crypto anywhere in the world as easily as fiat. If you want to start paying with cryptocurrency anywhere where Visa is accepted, grab yourself a BlockCard. Only when you make a payment, your crypto is converted into fiat currency. Moreover, BlockCard charges no fees for transactions, exchanges, or deposits. Impress and educate your friends and family by sending them bitcoins! Not only will they believe you are one cool, hip gifter, but they can also weigh in on the benefits of this exciting technology.
If you want to be extra creative, send them BTC using a paper wallet and a bitcoin address, and let them figure out how to redeem it. Gamblers will find joy in the fact that Bitcoin is anonymous and is not under the scrutiny of regulators and tax collectors. This makes it easy for gamblers to enjoy the thrill of high stakes betting without someone breathing down their backs.
The cool thing is that new technologies are being built every day, and Bitcoin gambling is becoming more accessible and user-friendly for an increasingly broader audience. There are even physical machines being created that accept Bitcoin. Note : Be sure to check your local laws regarding online gambling and sports betting before participating in such services.
I am not endorsing or recommending online gambling to anyone, just merely sharing my opinions. Believe it or not, Bitcoin actually makes it easier to support charities.
Most charities, although they may say they are non-profit, do incur a number of expenses. With Bitcoin, you can track exactly to which Blockchain address the coins are being sent to and ensure that the funds are actually being delivered to the intended recipient.
The complexity and genius behind the Blockchain as a way of storage for bitcoins is equivalent in security to holding assets in a Swiss Bank. Combined with its massive fungibility and ability to convert to literally any currency, Bitcoin becomes an extremely safe but also very volatile investment option. The value of Bitcoin does not depend on your political location and is accepted almost worldwide.
As demand and user adoption increases for this unique decentralized technology, the intrinsic value of Bitcoin will only shine brighter.
An investment in Bitcoin today will help protect your nest egg from any potential economic collapse of tomorrow, and it will serve as an excellent hedge for risk. You can use online tools like Binance to get these alt-coins in exchange for BTC or other cryptocurrencies.
We hope you enjoyed reading this article and possibly even found a new and exciting way to use your bitcoins. Whatever your reason may be for wanting to obtain BTC, enjoy the ride! There will be bumps and bruises as it heads toward the moon, but there are lots of great ways to use it while it goes on that journey. Who knows, maybe you or someone you know will invent new ways to use Bitcoin!
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CoinSutra was started in with the mission to educate the world about Bitcoin and Blockchain applications.