What Can You Buy with Bitcoin 2023?
Key Takeaways
- Bitcoin can be used to pay for a wide range of goods and services
- You can buy goods and services using Bitcoin from any business through a Bitcoin card
- The two most popular ways of buying goods and services with cryptocurrencies are through a card or crypto transaction directly
Bitcoin Becomes a Popular Payment Method
The cryptocurrency world has seen steady adoption in recent years as a means of payment. Unlike fiat money regulated by central banks, cryptocurrencies provide a decentralized alternative for transactions.
The leader among digital assets is Bitcoin. With it, you can purchase a wide range of goods and services directly from merchants, online platforms, and even some forward-thinking businesses that have embraced this digital currency revolution.
This trend has been fueled in part by the increasing popularity of cryptocurrency investments. As more and more people invest in Bitcoin and other cryptocurrencies, businesses are starting to recognize the potential benefits of accepting these digital currencies as a form of payment.
With the current increase in global adoption, Satoshi’s dream of having an alternative currency that can be used for day-to-day transactions is well on its way.
Moreover, the rise of crypto wallets has made it easier than ever for people to store and manage their digital assets. Different types of wallets, such as digital wallet or hardware wallet (cold wallet) allow users to securely store their Bitcoin and other cryptocurrencies, making it easier for them to make purchases and transactions.
How To Buy With Bitcoin
The two most popular ways of buying goods and services with cryptocurrencies are through a card or by scanning the retailer’s wallet QR code with a crypto application. Mastercard and Visa are the major card processors, and crypto cards work like normal cards; except you spend cryptocurrency while the retailer gets paid in fiat. Such cards are usually provided by cryptocurrency exchanges or wallets.
In addition to these methods, there are also a number of tech products that are designed to make it easier for people to use Bitcoin and other cryptocurrencies. These include hardware wallets, which are physical devices that store your digital assets offline, and software wallets, which are programs that you can install on your computer or smartphone. The hardware wallets are inserted into a phone or a laptop to make a transaction, while software ones have a QR-scanning function.
How Does A Bitcoin Debit Card Work?
There is little difference between how a Bitcoin debit card works and how a prepaid debit card works. For the Bitcoin debit card, you load it with Bitcoin, and while you’re debited with Bitcoin when you pay at the store, the merchant gets paid in fiat almost immediately.
This process is facilitated by a bank, which acts as an intermediary between the customer and the merchant. The bank converts the Bitcoin into the local currency, allowing the merchant to receive payment in a form that they are familiar with. This is a crucial aspect of the Bitcoin payment process, as it allows businesses to accept Bitcoin without having to deal with the complexities of managing a digital currency.
Direct BTC Transfer
Apart from using Bitcoin debit cards, you can transfer BTC directly to the merchant’s Bitcoin address. The merchant can simply generate a QR code representing their address and the amount to be transferred, and all you will need to do is scan it from your wallet and approve the transfer. Alternatively, the transfer can be done to the address (public key) without a QR code.
This method of payment is particularly popular among tech-savvy consumers, who appreciate the convenience and security of direct BTC transfers. It's also a popular method of payment on cryptocurrency exchanges, where users can buy and sell Bitcoin and other digital currencies.
Difficulties When Using BTC As Payment
Despite the recent trend in using Bitcoin as a means of payment, the processes are plagued with a number of difficulties.
Number of Transactions
Bitcoin can only perform about 5-7 transactions per second. It means most payments will not be processed immediately.
This limitation is a significant challenge for Bitcoin, especially when compared to traditional payment networks like Visa, which can handle tens of thousands of transactions per second. However, solutions like the Lightning Network are being developed to increase Bitcoin's transaction capacity, making it more suitable for use as a payment method.
Fees
Paying for your goods and services with a Bitcoin debit card can result in higher fees compared to using a traditional bank debit card.
These fees are typically charged by the bank or cryptocurrency exchanges that process the transaction. They can vary widely depending on the size of the transaction and the current demand for Bitcoin transactions. This can make Bitcoin more expensive to use than traditional payment methods, particularly for small transactions.
Legal Status
Bitcoin is not a legal tender in most countries. This means that government regulations can influence a company’s decision to accept Bitcoin payments or discontinue them.
Where You Can Spend Bitcoins
If you have asked, What can I do with bitcoin? Or Can you buy anything with your coins? Below is a list of industries where you can spend your Bitcoin.
Online Stores
Overstock
Overstock was one of the first e-commerce websites to accept Bitcoin payments. Twenty-four hours after the company launched Bitcoin payments in 2014, it sold over $120,000 worth of goods paid with Bitcoin on 780 orders. The company not only accepts Bitcoin for payment but holds a part of its cash flow in cryptocurrency.
Overstock's decision to accept Bitcoin was a significant milestone in the acceptance of Bitcoin as a form of payment. It demonstrated that Bitcoin could be used for everyday purchases, and it helped to establish Bitcoin's reputation as a viable alternative to traditional currencies.
HomeDepot
HomeDepot integrated Bitcoin payment into its payment system through the Flexa channel. The home improvement chain allows users to buy stuff with Bitcoins, as well as Cash, Litecoin, and Ethereum.
NewEgg
NewEgg joined Overstock as one of the first US companies to accept Bitcoin payments in 2014. It later extended the privilege to the rest of the world in 2019 and added several other payment options like Shiba Inu and Dogecoin. The company uses Bitpay as its payment processor to convert Bitcoins into fiat currency.
Shopify
Shopify enabled crypto payments for its sellers in 2020. The e-commerce website uses six payment processing platforms to ensure payments can be received seamlessly. Using Bitcoin to buy things on Shopify is simple. Sellers only need to open an account on one of the supported payment processors and click on a toggle to accept additional payments on their e-commerce page.
PayPal
Paypal started accepting Bitcoin as far back as when Bitcoin’s ticker was XBT. Although many people fondly remember the recent announcement that allows individuals to purchase Bitcoin through Paypal, the financial giant had always allowed Bitcoin payments for businesses.
Juliette Interiors
Juliette Interiors is the first luxury brand in the United Kingdom to accept Bitcoin payment for its products. This comes in response to the innovative founder’s desire to be at the forefront of any disruptive technology.
Mobler Design
Mobler Design is an innovative furniture and interior decoration company. The company integrated Bitcoin payment in 2014 to reinforce its commitment to stand out from the norm of the furniture industry.
Service Providers
AT&T
AT&T became the first mobile carrier company to accept cryptocurrency payment options through its partnership with Bitpay. This partnership in 2019 allows users to seamlessly pay their telephone bills using Bitcoin and other cryptocurrencies.
Dish Network
Dish is a US subscription-based TV provider. The company began accepting Bitcoin payments in the third quarter of 2014 and used Coinbase as its payment processor. The move was to accommodate the then-nascent technology and to offer ease to its customers.
ExpressVPN
Express VPN is a Virtual Private Network company that allows users to hide their IP address and keep their internet activities hidden. You can pay for your yearly subscription using Bitcoin and other internationally-accepted payment methods.
NordVPN
Apart from being one of the best VPN servers for crypto trading and mining in prohibited areas, Nord VPN also accepts subscription payments in Bitcoin, Ethereum, and many others.
ProtonMail
ProtonMail is an encrypted mailing system that clouds the details of the mail from every other person apart from the recipient. ProtonMail accepts Bitcoin payments for its premium services through QR codes and Bitcoin addresses. It is important to make your Bitcoin payments before the expiry of your current plans, as it might take hours before the current plan is activated.
Vultr
Vultr accepts Bitcoin as one of the nine accepted cryptocurrencies for its cloud hosting services. The information was announced in 2021 on their social media platforms.
WordPress
Can you receive Bitcoin on your WordPress website? Yes. WordPress premium login uses Digital paybox, ensuring you can receive payment through a wide array of options, including Bitcoin.
Reddit, which accepted Bitcoin payments for users to upgrade to Reddit Gold, discontinued the method in 2019. The reason cited was that there were many bugs with using the payment method. Three years after, the online forum relaunched Bitcoin payments for community points.
NameCheap
NameCheap added Bitcoin payments to its list of payment methods for purchasing domains or domain privacy. It is currently the only domain server that accepts Bitcoin, and users can pay using QR codes of the NameCheap’s Bitcoin addresses.
Bloomberg
Bloomberg does not accept Bitcoin payments directly, but you can purchase subscription via PayPal, which supports crypto.
The Internet Archive
Internet Archive introduced cryptocurrency options for its donations. This was one of the newest additions to its donation payments, in a list that includes Apple Pay and Venmo.
Chicago Sun Times
This was the first US newspaper to accept crypto payments in 2014. Chicago Sun Times did a test run with Bitwall, which saw over 700 Bitcoin donations, before deciding to partner with Coinbase for Bitcoin payments. The decision to accept Bitcoin mirrors the company’s goal of digitalization.
Mega.nz
Mega offers secure cloud storage for files and sensitive data. The data storage and sharing website announced in 2013, roughly a week after Reddit’s announcement, that it would accept Bitcoin payments for its premium plans
Meanwhile
Founded in 2022, “Meanwhile” adapted to the rising prominence of Bitcoin, incorporating it as a payment method for its services. This unique approach in the insurance sector enables policyholders to utilize their digital assets effectively. Ensuring growth with an option for tax-advantaged liquidity, “Meanwhile” presents an innovative pathway for Bitcoin holders. By merging traditional practices with digital asset management, this company has reshaped the landscape of life insurance.
Video Games
What can you buy with crypto for yourself and your kids? Video Games rank high on this list. Let’s see some of the things to buy.
Xbox
Microsoft-owned Xbox started accepting Bitcoin in its stores in 2014 but paused the payment method due to increased volatility. Now, Bitcoin is accepted for Xbox primarily for store credits.
Humble Bundle
The humble Bundle is an online game store that allows the buyer to determine the price to pay. The platform integrated Bitcoin payments in 2013 and left the decision to accept Bitcoin payments to individual game developers.
Big Fish Games
Big Fish accepted Bitcoin payments for all the 3000 games on its platform. The gaming platform partnered with Coinbase to accept crypto, and this move is aimed at reducing the amount lost to transaction fees from 8% to around 1%
Blocklete Games
Blocklete Games announced it would accept Bitcoin payments for its games in 2020. The company’s novel blockchain game, Blocklete golf, was built on Ethereum and allows players to compete with one another for cash prices.
Steam
Steam’s relationship with Bitcoin happened in 2016 but lasted only months. The CEO bemoaned volatility and the increase in the number of fraudulent transactions on the game for the discontinuity. However, gamers can purchase Steam gift cards with crypto from the third party online stores.
Keys4Coin
Keys4Coin was one of the early adopters of Bitcoin. It uses crypto to make in-game purchases and cross-checks every transaction repeatedly to avoid fraudulent transactions.
IndieGala
IndieGala allows Bitcoin payments for some of the popular indie games on its website.
Travel & Flight Tickets
What can you purchase with bitcoin beyond Service Providers and Video Games? Did you know you can buy your flight tickets with Bitcoin? Now you do. Let’s see some companies that allow Bitcoins for travel and thus establish the first crypto’s reputation as a viable alternative to traditional currencies in the travel industry.
Expedia
Expedia partnered with Coinbase to accept Bitcoin payments for almost 1 million hotels. The company revisited its decision to accept Bitcoin on its own, and its Coinbase partnership works for only hotel bookings. However, later the company revisited its decision and stopped accepting cryptocurrency.
Air Baltic
Air Baltic is the first global airline to accept Bitcoin payments. The option, with other stablecoins, is available for purchasing Air Baltic’s green ticket.
Virgin Galactic
Virgin Galactic has accepted Bitcoin payment for its flights since 2014, and the founder, Sir Richard Branson, explained that Bitcoin would be one of the primary currencies for its space explorations.
CheapAir
CheapAir was the first travel agency that accepted Bitcoin payments in 2013. The platform retained its traditional payment methods but added Bitcoin options for versatility. Users can use Bitcoin only for flight bookings, and the goal is that every other booking will be possible with Bitcoin.
Destinia
You can pay for most of Destinia’s travel services using Bitcoin. The Spain-based company also accepts Ethereum and Litecoin, amongst others.
Surf Air
Surf air’s goal is to disrupt the air travel industry, and Bitcoin supports its vision. In 2017, the company announced it would start accepting cryptocurrency for its membership or travel fees.
WebJet Exclusives
Through a partnership with BitPOS, WebJet Exclusives became Australia's first online travel agency to accept crypto payment for bookings.
Nonprofit Organizations
Beyond asking ‘What can you buy with cryptocurrency?’ digital currencies can be a gateway to charitable causes. Some of the NPOs that accept cryptocurrencies include
WikiLeaks
WikiLeaks started accepting Bitcoin payments in 2011 after several government leaks saw most of its accounts blocked from receiving payments.
The Giving Block
The Giving Block allows people to donate to charitable causes. It is loved for its ease and comprehensive database, but another less-known advantage it gives is Bitcoin donations.
UNICEF CryptoFund
This is a UNICEF fund specially created for Cryptocurrency donations. It was created in 2019, and the goal is to sponsor real-world problems like clean water and education.
Rainforest Foundation
This foundation aims to save forests in the world, especially the Amazon rainforest, and donations can be made in cryptocurrency.
Electronic Freedom Foundation
The EFF revisited its decision to stop accepting cryptocurrencies due to their complex nature. Bitcoin and Bitcoin Cash are two of the accepted cryptocurrencies in EFF’s bid to improve digital freedom.
Restaurants and Supermarkets
Subway
Subway started accepting Bitcoin in 2013. Although the decision to accept (or not) depends on franchise owners, at least 10 Subway outlets have decided to accept cryptocurrency payments. Subway gift cards can also be bought with Bitcoin.
Burger King
To reward loyal customers, Burger King created a reward system for cryptocurrencies, which lasted until the end of 2021. For every $5 worth of Burger King purchases made on the mobile app, users stand a once-in-a-day chance of earning either Bitcoin, Ethereum, or Dogecoin. Currently, the fast-food chain accepts BTC at certain locations, for example France and Germany.
Whole Foods
Whole foods experimented with Bitcoin purchases in 2021. The company used the SPEDN third-party payment processor to check the demand for crypto payment in some of its stores, and if the demand is high, we might see some direct crypto purchases.
Domino's Pizza
Pizza lovers can get a box of Domino's pizza using Bitcoin. The company is doing all it can for digital inclusion, and franchises in the Netherlands are giving staff the opportunity of being paid in Bitcoin.
Starbucks
You can buy coffee on the Starbucks app using cryptocurrency. Due to a partnership with Flexa, Starbucks is intersecting Crypto with Coffee.
Lieferando
Germany’s largest delivery website announced it accepts cryptocurrency for its food delivery services. Announced in 2017, the brand agreed to make the offer available across its stores in the central European nation.
Taxi & Ride-Sharing
Lurento
With Lurento, you can rent luxury vehicles and pay with Bitcoin. The Estonian luxury car rental brand made this announcement in 2017.
Qeek
Qeek believes Bitcoin payments for car rentals are less complicated than normal fiat payments and has accepted this means for users to rent cars.
HeXCars
With HeXCars, users can pay for their ride-hailing services using Bitcoin. The brand is also loved because it allows users to travel with their pets.
Ryde
Singapore’s popular Ride-sharing company, Ryde, offered users the chance to pay with Bitcoin in 2020. Bitcoin was one of ten different networks that were chosen for this task.
Education
Treehouse
Treehouse started accepting Bitcoin in 2014. The two major reasons for this decision are Bitcoin’s innovation in changing the financial space and its ability to reduce fraudulent payments for the tech educational website.
University of Nicosia, Cyprus
The university, also called UNiC, announced in 2013 that students would be able to pay for tuition using Bitcoin. The university aims to leverage the ease and convenience of cryptocurrencies, and it also offers a degree specifically for digital currency.
King’s College, New York
King’s college started accepting cryptocurrency in 2022. Crypto can only be accepted for donations and not for paying tuition.
Curtin University
One of Australia’s biggest universities, Curtin University, accepts Bitcoin donations for Ph.D. students studying blockchain data analytics. The course was designed to promote crypto as a payment method, and students will pay entirely through either Bitcoin or Ethereum.
ESM
This German university of management announced it would start accepting Bitcoin payments for its tuition. The system was implemented to help students from nations with faulty banking systems have a reliable way to pay for their tuition.
Bitcoin Store Aggregators
useBitcoins
This is a platform that has over 6000 small and medium businesses that accept payment in Bitcoin.
Coinmap
Looking for global businesses where you can purchase from using Bitcoin? Coinmap is one of the best places to see them.
Spendabit
This is like Bitcoin’s google. With Spendabit, you can run a search for available goods you can buy with Bitcoin, e.g. What can I buy with Bitcoin?
OpenBazaar
OpenBazaar is an online marketplace that allows users to buy and sell goods and services using Bitcoin. The platform is still a few years old, but it has already attracted significant interest from the Bitcoin community.
CoinGate
CoinGate is a payment processor that allows businesses to accept Bitcoin payments and instantly convert them into the currency of their choice. This makes it easy for businesses to start accepting Bitcoin without worrying about the cryptocurrency's volatility. In addition, CoinGate provides a number of other features that make it an attractive option for businesses, such as low fees, instant settlements, and support for a range of different currencies.
Merchant Directory
TPR Merchant Directory has partnered with Bitcoin to allow customers to pay for goods and services with cryptocurrency. Customers can now use Bitcoin at TPR Merchant Directory businesses by scanning a QR code with their Bitcoin wallet.
Luxurious Ways to Spend Bitcoin
BitCars
BitCars’s involvement with cryptocurrencies and automobiles came long before many people were open to the idea of digital currencies. The company, specializing in luxury and retro cars, started its Bitcoin journey by selling a Rolls Royce Dawn with cryptocurrencies.
AutoCoinCars
AutoCoinCars acts as an intermediary for vehicle purchases in the UK. The company uses Bitcoin payment for inclusiveness, offering payments for all its vehicle selections.
Bithome
Bithome is a home purchase website in five European countries where people can sell and buy their houses with Bitcoin. The company is at the intersection of real estate and cryptocurrencies.
Prestige Cars Kent
As a car dealership in Kent, Prestige Cars Kent is a household name regarding next-day car deliveries and a money-back guarantee. The company focuses on selling used cars that are still in excellent shape, and buyers have a year’s worth guarantee. Payment for the vehicles can be made in Bitcoin, making the brand more unique.
Gucci
Luxury powerhouse Gucci has announced that it will begin accepting Bitcoin as a form of payment. This move is sure to generate a lot of buzz among the fashion crowd, and it could also help to legitimize Bitcoin as a mainstream currency. While Gucci is certainly one of the biggest names to accept Bitcoin, it's not the only one.
Prestige Time
Prestige Time, a leading online retailer of luxury watches, has announced that it will now accept Bitcoin as payment. This move makes Prestige Time one of the first major retailers to embrace cryptocurrency.
Prestige Time is known for carrying an extensive range of high-end watch brands, including Rolex, Omega, and Cartier. Now, with the addition of Bitcoin, Prestige Time is giving customers even more payment options.
Tag Heuer
Another high-profile company has announced that it will start accepting Bitcoin. Swiss watchmaker Tag Heuer has announced that customers can use Bitcoin to purchase watches and other items from its online store. The company is the latest major retailer to start accepting cryptocurrency, joining the likes of Overstock and Etsy. Given Tag Heuer's reputation for luxury goods, this move could help to legitimize Bitcoin in the eyes of skeptical consumers. Only time will tell if other companies will follow suit, but it seems clear that Bitcoin is here to stay.
Denison Yacht Sales
Denison Yacht Sales announced in 2018 that it now accepts Bitcoin as a form of payment. The world's leading yacht brokerage moved to make the purchase and sale of yachts as seamless and convenient as possible for its clients.
Farfetch Ltd
Bitcoin is completely private, so users can make unlimited anonymous transactions. It's no wonder that many businesses are beginning to accept Bitcoin as payment. Farfetch Ltd, a leading luxury fashion retailer, is one such company. Now, customers can use Bitcoin to purchase products from over 700 different designers on the Farfetch website.
Tickets For Sports Events
Dallas Mavericks
The Dallas Mavericks have become the first NBA team to accept Bitcoin as payment for tickets and merchandise. The move signals a growing acceptance of cryptocurrency among mainstream businesses. The Dallas Mavericks will use BitPay, a Bitcoin payment processor, to accept Bitcoin payments. BitPay will convert the Bitcoin into US dollars, which will then be deposited into the Mavericks' account.
Oxford City FC
Oxford City FC announced that it would accept Bitcoin as payment for match tickets and club merchandise. This makes the club the first professional team in the UK to accept cryptocurrency. The move is part of the club's wider efforts to embrace new technologies and connect with its global fanbase. While some may see Bitcoin as a risky investment, the club's owners believe it is a natural fit for a forward-thinking organization like Oxford City FC. Only time will tell whether other clubs will follow suit.
RCD Espanyol
The popular Spanish football team RCD Espanyol has announced that it will now accept Bitcoin as payment for tickets and merchandise. RCD Espanyol is one of the most prominent football teams, and its acceptance of Bitcoin will surely boost the currency's profile.
San Jose Sharks
The San Jose Sharks are the first professional sports team to accept Bitcoin as payment for tickets and merchandise. The Sharks are hoping that by accepting Bitcoin, they will tap into a new market of fans and supporters. In addition, the team is also hoping to educate their existing fanbase about the benefits of using Bitcoin.
Oakland Athletics
The Oakland Athletics have become the first Major League Baseball team to accept Bitcoin as payment for tickets and merchandise payment. The move reflects a growing trend of businesses adopting cryptocurrencies as a means of payment. For the A's, Bitcoin will be processed through BitPay, a cryptocurrency payment service. Fans can use Bitcoin to purchase tickets and merchandise at the Oakland Coliseum and on the team's website.
Who No Longer Accepts Bitcoin?
Overstock
Overstock.com, a major online retailer, has announced that it will no longer accept Bitcoin as payment. This is a significant development, as Overstock was one of the first major retailers to accept Bitcoin. Overstock had been a strong supporter of Bitcoin in the past, and its CEO even spoke positively about the cryptocurrency. However, Overstock has now cited high transaction fees and slow transaction times as the reasons for discontinuing Bitcoin payments. Despite this setback, many other major retailers still accept Bitcoin, and the cryptocurrency remains popular among many individuals and businesses. It is likely that Overstock's decision will not have a significant impact on the overall adoption of Bitcoin.
Wikipedia
While Wikipedia has been accepting Bitcoin since 2014, the decision to stop taking donations in the digital currency follows a similar move by the Wikimedia Foundation, the nonprofit that oversees Wikipedia. In a statement, the foundation said that it "cannot reasonably keep absorbing these unpredictable costs" and that it would instead focus on "other payment methods that are more stable."
Twitch
Popular streaming platform Twitch has announced that it will no longer accept Bitcoin as payment for its services. In a statement, the company cited the highly volatile nature of Bitcoin as the reason for this decision. Twitch users can still use Bitcoin to tip streamers, but they will now need to convert their Bitcoin into US dollars first. This change was met with mixed reactions from the Twitch community. Some users were disappointed that they could no longer use Bitcoin to pay for their subscriptions, but others saw it as a sensible move given the current state of the cryptocurrency market. Only time will tell how this decision will affect Twitch's bottom line.
Microsoft Products
Microsoft has announced that it will no longer accept Bitcoin as payment for its products. This change surprised many, as Microsoft was one of the early adopters of Bitcoin. In a statement, Microsoft said that the decision was made because of the "volatility" of Bitcoin's value. While Microsoft did not give a cogent reason why it is no longer accepting Bitcoin, it is likely that the company is concerned about the potential for customers to overspend on its products when the value of Bitcoin increases.
Unusual Things You Can Buy With Bitcoins
Apart from the highlighted real-life usage of Bitcoin as a vehicle for trade, there are some weird things you can buy using Bitcoin.
The first Apple model
Apple, one of the most successful companies in the world, is putting up the first Apple Macintosh model for sale. The last price quoted was around $5,430, and payment can be made for it using Bitcoin.
A Doge Sweatshirt
Looking for what to do with Bitcoin? Why not buy a Doge sweatshirt? Payment for this sweatshirt can be made in Bitcoin, and the dollar equivalent is $59.
Chinese Herbal Medicine
You can buy some Chinese herbs using Bitcoin. This is perhaps one way. Bitcoin contributes to nature.
How to Use Bitcoins When the Price of Bitcoin Is Moving
The best thing to do when the Bitcoin price is moving is to buy and hold. You can also use them to purchase goods and services.
Is Bitcoin Taxed
This depends full on the jurisdiction. Some countries enforce capital gains taxes on Bitcoin, and some don’t. Make sure to do your own research depending on where you’re based.
You Have a Shop and Want to Accept Bitcoin - Where to Start
If you're looking to start accepting Bitcoin at your shop, there are a few things you'll need to do. First, if you want Bitcoin to fiat, your customers only need to have a crypto card. You probably won’t know they paid with Bitcoin. If you’d rather want to be paid with Bitcoin instead of fiat, you'll need to set up a Bitcoin wallet. This is where you'll store your Bitcoins, and there are many different options available. Once you have a wallet set up, you'll need to create a QR code. This QR code can be placed on your shop window or register, and customers can use it to send you Bitcoins. You can also provide your Bitcoin address if customers prefer to use that. Finally, you'll need to make sure you're familiar with the current value of Bitcoin so that you can price your goods accordingly. With these simple steps, you'll be ready to start accepting Bitcoin at your shop in no time!
The Bottom Line
When Bitcoin was first introduced to the world, it was largely seen as a speculative asset - something that might be worth investing in but wasn't yet widely accepted or used. Since then, Bitcoin has slowly but surely begun to be accepted by even blue-chip companies as a legitimate form of payment. While some businesses still remain hesitant to accept Bitcoin, an increasing number are beginning to see the advantages of using cryptocurrency. For businesses, Bitcoin offers lower transaction fees than traditional methods and provides more anonymity for buyers and sellers. In addition, as more and more people begin to use Bitcoin, the likelihood of it becoming a widely accepted currency increases - making it an attractive option for businesses looking to stay ahead of the curve. While there's no guarantee that Bitcoin will continue to gain in popularity, there's no doubt that it has come a long way in a short time.
FAQ
Can You Use Bitcoin on Amazon?
No. Amazon does not accept Bitcoin payments, but you can buy gift cards on Bitpay or Bitrefill and use them on Amazon.
Where Can I Pay With Bitcoin?
You can pay on several platforms using your Bitcoin wallets. From airports to stores and even restaurants, your Bitcoin can come in handy.
What Companies Accept Bitcoin as Payment?
Many companies that accept Bitcoin have been listed above, and many more are expected to establish payment channels for receiving Bitcoin.
Can You Buy a House With Bitcoin?
Yes. A house is one of many things you can buy with Bitcoin. You can do it through peer-to-peer transactions or by selling the crypto for fiat.
What Can You Do With Bitcoin?
If you have asked yourself, what can you use Bitcoins for? You’re not alone. The answer is simple. You can either save your Bitcoins or spend them.
How to buy things with bitcoin?
You can use the store’s QR code or send it directly to their crypto address.
How to find the safest sites accepting crypto payments?
To find the safest sites accepting crypto payments, one effective strategy is to consult credible and comprehensive reviews. These reviews, often found on independent review websites, social media platforms, or cryptocurrency forums, provide valuable insights into the security measures and reliability of these sites. Make sure to look for reviews that offer specific details about a user's experience, the site's security protocols, and its reputation within the crypto community. This approach, coupled with your due diligence, will help identify secure sites for crypto transactions.
*This communication is intended as strictly informational, and nothing herein constitutes an offer or a recommendation to buy, sell, or retain any specific product, security or investment, or to utilise or refrain from utilising any particular service. The use of the products and services referred to herein may be subject to certain limitations in specific jurisdictions. This communication does not constitute and shall under no circumstances be deemed to constitute investment advice. This communication is not intended to constitute a public offering of securities within the meaning of any applicable legislation.
