What Can You Buy With Bitcoin?
Did you know the first bitcoin transaction was made back when bitcoin was worth about 8 cents? The transaction was made when one bitcoin forum member offered another user 10,000 bitcoin to order two Papa John’s pizzas.
But, now the times have changed.
The bitcoin price has increased. And, as the value is increasing, so are the options for spending it. While you still can’t use it to buy daily groceries, there’s a lot more you can buy with bitcoins. Despite its volatility, bitcoins are still accepted by many companies and merchants. However, if you’ve still not entered the crypto world, here is how you can buy your first bitcoin.
And, here is a list of things you can buy using bitcoins.
· Travel
Many travel platforms such as CheapAir, Expedia and BTCTrip accept bitcoin payments for booking flights, hotels, and more. BTCTrip is even explicitly designed to make payments in bitcoins.
CheapAir accepts Bitcoin through BTCPay server, which is a free, open-source and self-hosted payment server.
Travel booking websites like Webjet, Bitcoin Travel and Travel For Coins also allow the users to pay for their travel arrangements using Bitcoins.
· Windows and Xbox Content
Microsoft is accepting bitcoin from 2014. You can pay with bitcoins in app stores for downloading games, movies, and app-based services. Even some musicians like Bjork and Imogen Heep lets you download their music in exchange for cryptocurrencies.
However, you cannot move funds into the Microsoft Online Store.
· Gold And Silver
Yes, you can exchange cryptocurrency for metals like Gold and Silver. Several companies including GramGold, JM Bullion, and APMEX provide the option to buy gold and silver with digital money.
GramGold exchanges their native coin to one gram of gold that can be purchased on exchanges like Bitcoin and Kucoin.
APMEX accepts bitcoin for gold under $250,000 along with offering custodial services as well.
JM Bullion even provides a discount of 4 percent on gold and silver purchase with Bitcoin.
· Charitable Donations
Nowadays a wide number of charities are starting to accept cryptocurrencies.
Bitcoin Wiki provides a broad list of charitable organizations that accept bitcoin donations including the Human Rights Foundation, Fidelity Charitable, and the Binance Charity Foundation.
Further, non-profit organizations like BitGive are soliciting donations in USD as well as USD. Binance Charity Foundation leverages the blockchain for transparency and auditability of donations in an attempt to solve many problems associated with the inefficient dispersion of donated funds.
· Real Estate
Luxury real estate has also started to accept bitcoins. Bitcoin Real Estate allows its users to buy or sell their home directly in Bitcoin and lists properties worldwide for sale, which can be purchased in the legacy cryptocurrency.
And, The List Doesn’t End Here
Apart from the listed examples, there’s an incredible diversity of products you can buy with cryptocurrency. Major online merchants such as Overstock, Shopify, Newegg, and Etsy allow users to pay for the services and products in bitcoins.
Nowadays, you also use cryptocurrencies offline for food and in bitcoin-friendly bars such as Subway, Pembury Tavern, PizzaFor Coins, Burger Bear, and The Pink Cow — you name it, and there will be a company out there that accepts cryptocurrencies. But before spending your bitcoins, learn how bitcoin and altcoin transactions work.
