Where Can You Spend Bitcoins?

Where Can You Spend Bitcoins?

When it comes to managing crypto funds there are at least two different alternatives – saving them as a form of future investment (also known as Hodling) or spending them on daily purchases and transactions. Using Bitcoin for shopping and transactions has lots of benefits which include safety, convenience, speed, and 24/7 availability. However, as cryptocurrency is a relatively new concept, not every merchant takes it as a form of payment, and because of that one of the main challenges is to find places where you can actually pay with Bitcoins. Still, there are quite a lot of places where you can pay with cryptocurrency and experience all the benefits of it.

Online Shopping

One of the most frequent uses of Bitcoin is spending them on online purchases. A growing number of online shops and retailers are accepting Bitcoin or other cryptocurrencies as a payment method. Currently, there are hundreds of online shops where you can make purchases with crypto coins and the number of them is going up. You can use various search engines like https://spendabit.co/ to find online shops that accept Bitcoin. Probably the biggest online shopping platform that accepts direct Bitcoin payments is Shopify. They are allowing merchants to accept payments in Bitcoin since 2015. While many online shops are adopting direct crypto payments, online shopping giant, Amazon.com still does not take any coins directly. However, the good news is that you can still shop with Bitcoins on Amazon. There are several companies through which you can make purchases on Amazon. They will pay for your Amazon order in exchange for your Bitcoin payment. The most well-known of such service providers is Purse.io with several alternatives on the market.

Travel

Imagine visiting around the world without the necessity of converting to local currencies and making mental calculations all the time before getting used to it. Or even better, imagine that you can avoid unrealistically high ATM fees in a foreign country. Well, it sounds too good to be true and unfortunately, it is for now. However, that is what the future holds if the cryptocurrency market will expand and crypto coins become widely accepted. Meanwhile, there are other ways to use your Bitcoins for traveling and get the best of it. The process of globally adopting cryptocurrency is still in the initial stage but several major travel-related companies are accepting Bitcoin as a payment method. The most popular of them in a Bitcoin community is Bitcoin. Travel, which offers flights, accommodations, and rental car options for travelers willing to pay with crypto. There plenty of other travel agencies also accepting Bitcoin, as well as individual airlines and hotels.

Local Stores/Businesses

Equally good news for frequent travelers and just any other crypto enthusiast is that more and more small local businesses are also starting to accept cryptocurrency and especially, Bitcoin. There are thousands of local cafes, bars, or other businesses where you can pay with your crypto coins. A public database of https://coinmap.org is one of the ways to discover such places around the globe. There’s a chance you find your beloved coffee place in the list or explore alternatives where you can pay with Bitcoins.

Major Companies that Accept Bitcoin

Unsurprisingly, small local businesses are not exceptions and some of the giants of the world also adopted crypto payment. Microsoft being at the top of the list, companies like AT&T, Wikipedia, Overstock also accept bitcoins either as a payment or a donation. Even some of the globally known fast-food chains such as Subway, Burger King, and KFC have stepped into the crypto world and started getting Bitcoin payments. Hopefully, other global giants of different industries will follow the steps of them in the near future.

Bitcoin Debit Card

While the list of merchants and service providers who accept Bitcoin or other cryptocurrencies is still fairly limited, thanks to Bitcoin debit cards available, crypto owners have an alternative of spending their coins through the debit card. Using a Bitcoin debit card will allow you to make purchases at any place accepting debit cards. This way, the retailer will get paid in regular currency while the price of it will be deducted from your Bitcoin balance.

Final Thoughts and Recommendations

Even with the limited options available, crypto transactions are extremely convenient with its security, speed, and little to no transaction fees. This is especially true when the product is bought without third party involvement, meaning that the transaction is between your personal crypto wallet to the service/product provider’s wallet. So, finding the merchants allowing crypto payment is invaluable. So, we recommend you to search for the businesses and online shops that accept Bitcoins on https://coinmap.org/ and https://spendabit.co/. Even though many of the major global companies still don’t accept Bitcoin payment, you can take advantage of growing technology and get reward shopping and purchasing services even from the merchants that don’t accept cryptocurrency. There are several software apps that can give you cashback rewards in cryptocurrency while you are shopping with your regular money without any additional expenses. 1.Lolli is probably the most popular of such apps. It allows you to get up to 30% cashback in bitcoin while paying for Sephora, Hilton, Gap, Expedia, and many more. 2.Another similar platform that gives you Bitcoin cashback while paying with regular money is Fold. On Fold you can buy gift cards of a certain amount and spend them on the variety of popular websites such as Amazon, Airbnb, etc. 3.Another alternative for collecting fractions of Bitcoins is Pei. This one is especially convenient as the customer can link their debit card to Pei and simply get rewarded with Bitcoin cashback whenever they make a purchase at any of the Pei’s partners. Such apps are a good way to get small rewards and get familiar with the Bitcoin world. As for the ones who already own cryptocurrency, they can opt for paying with their crypto fund or collecting some additional Satoshis when direct crypto payments are unavailable.