The most popular ways to use Bitcoin are buying things online and making peer-to-peer payments. Also, transferring funds to foreign bank accounts. However, there are hundreds of other ways to use your BTC online. This ranges from paying for subscriptions and donations to buying video game servers and funding your favorite charity.
Here is a list of some of the best ways to use your BTC online:
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Bet on sports online
The easiest way to spend your bitcoins online is to spend them on an online sportsbook. Many people don’t know about these due to limited advertisements. These are the most fun ways to spend your bitcoins online.
All you need is a BTC wallet, and that’s it. We love these services because they are simple and give me the best odds when betting on my favorite sports. There are also no KYC or AML procedures for you to deal with. They are also very affordable; you can bet as little as 0.001 BTC with our smartbingoguide.
Buy airline tickets
One of the most common ways people use Bitcoin is for international travel. Some of the most popular Bitcoin debit cards are issued by companies. These companies specialize in converting your bitcoin into traditional currencies for use anywhere major credit cards are accepted.
The main advantage of using a Bitcoin debit card is that you can pay with cryptocurrency anywhere a major credit card is accepted. You can also use it to withdraw cash from ATMs around the world.
Try payment processing services
Companies such as Bitpay, Coinbase, and Circle are some of the companies that connect people with merchants who accept bitcoin payments. These companies offer payment processing services that make it easy to accept bitcoin payments. All you have to do is create an account on a site like these, get a wallet set up and enter your information.
The good thing about using a payment processor such as Bitpay is that you will only be charged 1% on every transaction in case of bitcoin payments. This is much less than what most payment processors charge today.
Buy gift cards
For Bitcoin enthusiasts, you might want to start using it for everyday purchases. But what if the store or service you wish to pay for doesn’t accept digital currency?
One solution is to buy a gift card with Bitcoin that you can use at a retailer that doesn’t accept cryptocurrencies directly.
There are several ways to do this:
• E-Gifter offers gift cards from more than 250 retailers that you can use at places like Amazon, Sears, and Best Buy. And they often have discounts on the cards so that you can save money off their face value.
• Gyft lets you pay for gift cards with Bitcoin and many other digital currencies. You can choose from over 200 retailers and restaurants, including Starbucks and Whole Foods.
Donate to charitable organizations
There are some impressive charitable organizations out there, and with the help of cryptocurrency, you can donate your money to these causes.
If you want to make an impact with your money, donating to causes that mean something to you is a great way to do just that. Charities like The Water Project, Save The Children, and Medic Mobile accept cryptocurrency donations.
There are also crowdfunding sites that support crypto donations. Also, there are different list of sites at the Giving Block that contain the wallet addresses of different crowdfunded causes.
Shop online for food
The next time you’re craving some pizza or need to get those groceries, you can use your BTC
You won’t get a lot of choices when buying food with BTC online in the US, but there are still some places where you can grab a bite.
For starters, you can order pizza at PizzaForCoins.com. The website accepts over 50 cryptocurrencies. Also, it also has a loyalty scheme allowing customers to earn ‘pizza points’ every time they make a new order or refer a friend. The site will enable you to pay with bitcoin, litecoin, dogecoin – the three most popular cryptocurrencies.
If pizza isn’t your thing, you can also buy your groceries from BitPlaza. The site is operated by Bitplaza Inc., based in New York City, and owned by an Australian company called EdwayBuy Pty Ltd.
Buying from Amazon
Amazon will be around for a while, and they are one of the largest online retailers. There are several ways to spend your Bitcoins on Amazon, but the easiest is through Purse.io.
Purse is a Bitcoin peer-to-peer marketplace that matches individuals that want to purchase items on Amazon at a discount. Also, it applies for others who want to buy BTC with a credit card or via PayPal.
It works by signing in with an Amazon account with Prime privileges. Follow by browsing the wish lists of people who have their shipping address set to one that accepts Amazon Prime packages. You place an order for some items from their lists. Purse acts as an escrow agent, making sure you pay for the transaction before enabling the person who wants bitcoins to access them. For additional info, click here.
Buy gold
Buying gold with Bitcoin is relatively easy, and there are several ways to do it. The most popular method is to use online exchanges such as BitPanda or Bitstamp. These allow users to buy Bitcoins with fiat currency and transfer them to an anonymous wallet for storage. A user can transfer the Bitcoin to an online retailer, who will then send a certain amount of physical gold to the user’s designated address.
While this may seem like an attractive option for some people, it does come with some risks. Firstly, the exchange itself can be hacked or bankrupt. Thus, it means that your funds can disappear overnight. It is also essential to be aware of the volatility of BTC markets. Therefore, ensure that you will not lose out on any money by holding onto your coins until you make the transaction.
Final takeaway
There’s a variety of ways to use your Bitcoin, and we hope this guide serves as a useful resource for this new technology. If you are interested in learning more about how to use your BTC online, then we’ve included links below to several other useful articles and guides on this topic. Happy Bitcoining!
