What Can You Buy with Bitcoin?
The world of cryptocurrencies has grown exponentially and there are hundreds of varieties of these virtual currencies. Although users use these services to make investment or exchange, over time it has achieved greater acceptance by businesses, that is, they can spend them on products or services.
According to Pew Research Center research, 16% of the American population uses or owns cryptocurrencies, which means more than 45 million people within the country's population. More so, 86% of the participants say they have heard at least a little about cryptos in their lives.
The most common question is what you can buy with these digital currencies. We'll tell you about it below.
The video game industry is one of the best known for betting and being a pioneer in the world of blockchain and cryptocurrencies, therefore, it was expected that many services and products linked to video games and virtual entertainment could also be purchased with Bitcoin.
In addition to the list of video games with internal markets of products, you can also make transactions and place wagers in online casinos with the help of cryptocurrencies. Nowadays, more and more portals offer BTC games where users can indulge in online poker for real money, as well as other variants available on the site.
Also, platforms such as Blocklete games, Twitch or Gamesplanet, three of the best-known marketplaces in this sector, allow you to pay with BTC and other altcoins with total convenience.
Web Domains & Purchases
Do you want to buy a domain to start your personal brand or website? Well, if you have Bitcoin, there are several platforms to acquire domains and hosting where you can buy with these digital assets. Recently, Ethereum domain registration (.eth) has also skyrocketed: in the last 24 hours, its names generated a trading volume of more than $11.08 billion.
One of the main uses that these domain names have is in cryptocurrency addresses. People can use Ethereum domain names to receive payments in different cryptocurrencies. These domain names have gained great acceptance in the crypto industry because they eliminate the complexity of using crypto addresses. With ENS, it is not necessary to copy and paste the long addresses of cryptocurrencies to receive a payment. This has significantly facilitated their use and management.
Donations & Fundraising
Both Bitcoin and other cryptocurrencies arrive to facilitate the delivery of funds for charitable purposes, anonymously, directly and of course, very quickly. That is part of the reason why donating money in BTC and other assets based on blockchain tech is the perfect choice of avoiding these commissions and capital gains decentralized taxes.
Among some non-profit initiatives that already accept donations in Bitcoin, we find:
Wikipedia – a non-profit community that promotes the growth, development and distribution of free educational content.
Save the Children – an international children’s charity powered by Gemini and The Giving Block that supports those who want to donate cryptocurrency to stop children's suffering across war-torn.
Stand with Ukraine – the support from donations from the global crypto community to protect the freedom of Ukrainians and the country from the full-escalated war. There is an acceptance of donations in BTC, ETH, and USDT.
There are also many lists of verified fundraising organizations that accept Bitcoins and other coins. They typically include the addresses of their wallets for users’ convenience.
In the sector of gift cards that can be purchased with bitcoin, there is a wide variety of platforms that offer this type of service.
One of the most popular is Bitrefill, the company allows the purchase of gift cards of more than 10,000 gift cards from a variety of retailers, including Amazon, Apple, Walmart, Steam Platform or Google Play. Phone recharges can also be made on the website.
It can be purchased on Bitrefill through a variety of exchanges such as Binance, Coinbase, Trust Wallet, Blockchain, KuCoin, Ledger, to name just a few. Other portals are eGyfter or Gyft, which are among other options that will allow you to access this market with Bitcoin.
Trips, Flights & Other Commutes
Bitcoin is already a means of payment available on your next travel adventure, especially when booking hotels, flights and other activities that can be processed through the Coinbase system, one of the safest cryptocurrency trading platforms.
Initiatives to revive the tourism industry with the help of Bitcoin, after the blow produced in the midst of the pandemic, are increasingly relevant. Undoubtedly, it is worth keeping up with these trends and how they will revolutionize the area.
Software & Services
As can be seen in this directory, bitcoin serves, among other things, to buy a wide range of products and services, from which areas related to software programs and tools do not escape.
The Proton, Dish Network, Pure, Express companies that have been offering privacy-focused VPN services for several years, also accept bitcoin. In the case of VPN services, the companies clarify that BTC is not available as a payment method during account registration, although it can be used to buy account credits once you have registered on the platform.
Crazy Ways to Spend Bitcoins
For the crypto-minded who have earned their wealth through BTC, there exists a luxury market, which allows crypto owners to buy their dream house, a yacht worth more than eleven million dollars, or even a Bentley or Bugatti in the US. These all require Bitcoin as the means of payment.
Finally, the enigmatic Deep Web lurks with portals and markets, where crypto assets can also be used to purchase an assortment of goods and services. But it is still totally illegal in most countries.