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10 Ways you can spend Bitcoin

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10 Ways you can spend Bitcoin

When it comes to being able to scroll through the Digital World, if you see something that you would like to buy on an e-commerce platform, you may instinctively reach for your credit or bank card. After all, you should be able to use physical currency in order to purchase the products you would like to own. But have you ever considered using Bitcoin as an alternative payment method? Whilst Bitcoin may not exist in the physical world, it can be used as an online currency. Many companies now use bitcoin for either buying or selling purposes. There is no central bank linked to Bitcoin, therefore it is not regulated by a state. That makes Bitcoin an extremely popular option as a payment method, as it is determined by the amount that people are willing to pay for it.

However, the main question is what sort of things could you purchase with bitcoin? Whilst it may feel a little weird to know that you are not using an actual physical currency, you can find a lot of great deals online by just utilising bitcoin instead of your payment card! Here are the top 10 ways to spend Bitcoin to get you started.

1. Gift Cards

Of Course, Bitcoin is extremely useful when it comes to purchasing presents for your friends and loved ones, especially if you do not know exactly what to get them. The power of an Online Gift card is a powerful tool, as it will give you a diverse range of gifts at your fingertips. Some of the biggest brands use egifter   com and its bitcoin feature to sell their gift cards, including iTunes, Best Buy, Macy's Lowe's and Dunkin' Donuts. Although this is useful for just gifting family and friends in general, if you are struggling to find a way to spend your bitcoins, then you can actually indirectly use both bitcoin and altcoins on purchasing gift cards from companies that do not accept cryptocurrency.

So take your time whilst exploring the different brands that are on offer. A gift card can be great for either you or your family!

2. Luxury Products

Naturally, if you are considering using Bitcoin for an e-commerce product, then you should most certainly look into some of the Luxury Products online. Whether you are after a VIP concert ticket, an expensive watch, a luxury fashion item, for example from "The White Company", or even a rare painting, these will all be available online for bitcoin purchase. Some larger companies even offer discounts for either using Bitcoin, Bitcoin Cash or Litecoin.

3. Online Dating

If you are in the mood to start a new passionate romance, did you know that online dating websites, alongside Bitcoin Escorts,actually accept bitcoin payments? Whilst some larger dating giants, like OkCupid, allow for larger bitcoin payments to be made in order to pay for premium services on the dating site, others, like Bitcoin Friend and Sparklet, use "Bitcoin Power", such as an interest in the currency itself or in its uses, in order to bring people together. Singles may be interested in trading, buying or even investing in the cryptocurrency itself! So, if you are interested in meeting some passionate bitcoin enthusiasts, be sure to sign up to these bitcoin dating sites!

4. Cloud Mining Contracts

If you are interested in investing in cryptocurrency mining then you may want to start by involving yourself with Cloud Mining. Cloud Mining is the process of bitcoin mining. It uses a data centre that can process power and allow different users to keep mining bitcoins. This can also include different cryptocurrencies without having to managing any sort of hardware. Overall, it means that you can enjoy the benefits of mining without having to financially invest in some pricey hardware. Instead, you can invest in a cloud mining company who do take bitcoin and other cryptocurrencies as a payment method.

5. Charities and Donations

If you are feeling in a moralistic mood then you may want to consider using your bitcoin for donations to your local charities. Larger charities now accept donations in cryptocurrency and there has even been an altcoin, also known as "AidCoin", that has been created to assist in direct donations to charitable causes. These charities include Breast Cancer, Save the Children, Sean’s Outpost, Omni Nano and even the Internet Archive itself.

6. Xbox Content

Are you a game fanatic? Well, if your main game station is an Xbox then you will certainly be able to put your bitcoin towards your games, movies and applications. Transactions for bitcoin are as easy as downloading a game code. Like a gift card, Xbox bitcoin transactions are available between $15 - $50. What is even better is that if you choose to use Bitcoin for the Xbox, you can actually earn double the points!

7. Coffee

Let’s face it, in order to keep ourselves pepped up and productive in relation to our work, we need a little pick me up in the form of coffee. If you want to stop using physical currency to pay for your coffee, you will be happy to know that in 2018, Starbucks announced that it would partner with Microsoft on the Bakkt app. That means that the company now will accept payment from Bakkt in stores, meaning that you can use your bitcoin to purchase that sweet coffee fix for the day.

8. Interior Decorating

Are you looking for a way to decorate your home? Perhaps you want to purchase a new dining set, a table, some cushions or perhaps even some fresh bedding? If so, then why not use your bitcoin with the company “Overstock”. This e-commerce retailer sells a lot of stock that is related to interior design. That means if you are looking to improve the quality of your home, you can use over 60 cryptocurrencies on this website to purchase a wide range of furniture for your home.

9. Cars

In 2018, Crypto Currency began to creep its way into the car trade. At the Bonham’s car auctions, bitcoin was used to quickly big on the different vehicles that customers were interested in. They found that it made the bids a lot quicker, especially as their transactions were easier to process. Currencies outside of the Dollar could also be processed, meaning that international customer could also bid on their favourite cars.

10. Holidays

Are you feeling stressed out from the daily trials of life? Perhaps it is time for you to get away for a holiday! The tourism trade is another area that incorporates the use of bitcoin into their packages, in particular, the travel giant “Expedia” is now accepting bitcoin as payment for trips and bookings. These trips can include hotel packages and even holidays on cruise ships!

Use your Bitcoins Wisely!

Whether you want to use your bitcoins to enhance the beautiful home, purchase yourself a gift or even indulge in a holiday, bitcoin has become a normal currency that has been fully integrated into the digital market. If you are looking for a way to take more control of your finances and spend an amount that could actually get you a good deal on a product, then give Bitcoin a shot! You will certainly not regret it.

Content Writer: Hannah Fletcher

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