The beginner’s guide to buying with bitcoins


If you have invested in Bitcoins for your personal use and want to know more about what to do next using your bitcoins to carry out daily transactions, then you have come to the right place. Read on for a concise and comprehensive beginner’s guide to shopping with Bitcoins!

First of all

Before you start buying goods and services using Bitcoin, the first thing you need to do is create a bitcoin wallet where you can store your crypto wealth – similar to a PayPal account.

Bitcoin wallets can be set up quickly and simply, free of charge, using a specialist provider. Once your Bitcoins are safely in your wallet, it’s time to start shopping!

Prepaid Bitcoin debit cards are also available now, with which you can shop in the same way as a regular debit card. The only difference is that when you use the card, you spend your Bitcoins, but the merchant will receive your payment in fiat currency.

Pay with Bitcoin to buy goods

While the number of retailers that accepted Bitcoin was miniscule to begin with, more are joining their ranks every day, including big-name brands such as Whole Foods. So far, the list of items you can buy with your Bitcoins ranges from paint to luxury watches, a range of electronics and even cars!

Some of the major brands and online retailers that accept Bitcoin as payment include Microsoft, Rakuten, Shopify, and Etsy. In the case of online shopping platforms such as Etsy, however, you should keep in mind that it is not the platform itself that accepts Bitcoin, but individual sellers can choose to do so.

Use Bitcoin to pay for services

Did you know that you can now use Bitcoin to pay for a variety of services, as well as goods? Amazon’s video streaming platform Twitch was one of the first operators to introduce Bitcoin as a payment option, although Amazon has always refused to offer cryptocurrency as a payment method. This means you can pay for your streaming movies and shows using Bitcoin, as well as a number of other lesser-known digital currencies.

Another service you can use Bitcoin for is paying your mobile phone bills if you use AT&T as your provider. AT&T was the first mobile carrier to accept the use of Bitcoin through the BitPay option.

Nowadays, you can even pay for hotel reservations using Bitcoin, as leading travel companies such as Expedia now accept it as a payment option. Event tickets can also be purchased with your cryptocurrency, depending on the provider, and even some insurance companies are dipping their toes in crypto waters.

Dinner with Bitcoin

Did you know that major fast food franchises such as Burger King and Subway accept crypto payments? If you wish, you can now also order takeout from some Bitcoin-based delivery services. The number of services offering this option may be small at the moment, but it is likely to continue to grow.

As you can see, there are plenty of options for spending your Bitcoins, and more will likely be added in the near future – watch this space!


About Author

Comments are closed.