Have Bitcoin but aren’t sure where you can use it? what can you buy with bitcoin, Check out this article to learn what you can purchase with your Bitcoin!
Blockchain technology is one of the biggest technological breakthroughs of our time that has taken the online world by storm.
With the emergence of Bitcoin and the rise of the cryptocurrency market, companies and customers have been turning more and more to digital currencies and using them for their purchases.
However, despite the popularity of Bitcoin, you still cannot use it to buy the same things as with regular or fiat money. So, let’s see what you can actually buy with your Bitcoin.
Top Thing You Can Buy With Bitcoin
Here are a few things you can buy or shop online with the help of bitcoin at a valid cost, so check out the top thing for your next purchase.
1. Web Hosting
Many web hosting providers have seen Bitcoin’s popularity and subsequently enabled their customers to purchase web hosting plans with their Bitcoin.
This has proven to be a very attractive feature that has persuaded many customers to choose a certain web hosting provider over another just because that provider accepts Bitcoin as payment.
If you want to find out which web hosting providers accept crypto payments for their services, you can click here to read more about it.
2. Tech Products
Many big and popular tech companies accept Bitcoin as a payment method for certain products. For instance, Microsoft accepts Bitcoin at its only store, while AT&T enables customers to pay with their Bitcoin via BitPay.
Additionally, you can buy computer hardware and consumer electronics from NewEgg with your Bitcoin.
3. eCommerce Goods
The popularity of Bitcoin has spread to eCommerce platforms as well, and many popular sites have been accepting Bitcoin payments for quite some time.
Notable examples are Overstock, which was among the first eCommerce platforms to enable its customers to pay with Bitcoin.
Shopify and Rakuten are other popular eCommerce platforms that sell various products and accept Bitcoin Payments.
Now, you may be wondering what Amazon’s stance on crypto payments is since it is the biggest online retailer at the moment.
Well, although Amazon itself does not support Bitcoin, Twitch does, which is one of the most popular streaming platforms that Amazon fully owns.
4. Fast Food
Many small and large fast food chains accept Bitcoin payments for their products. However, it is worth noting that Bitcoin payments are not accepted company-wide.
It depends on the policies of each franchise individually and the country where you are located.
For example, some of the most popular fast food chains that accept or have accepted Bitcoin payments are Burger King, KFC, Subway, and McDonald’s.
5. Luxury Goods
Some of the most recognizable brands worldwide enable you to purchase their products using your Bitcoin.
For example, you can buy a Rolex and a Patek Philippe from the online luxury retailer BitDials and pay for them with your Bitcoin.
Additionally, high-end clothing brands like Gucci accept Bitcoin payments in their North American stores.
6. News Media Subscriptions
Aside from cryptocurrency media outlets, there are a few mainstream news outlets that accept Bitcoin as a payment method for subscriptions.
The first major mainstream publication to accept Bitcoin was the Chicago Sun-Times, which introduced Bitcoin as a payment method in 2014.
Another mainstream publication that accepts Bitcoin is Time Inc., which has had a cryptocurrency partnership with Crypto.com since 2019.
7. Insurance Policies
In recent years, insurance providers have begun accepting cryptocurrencies slowly but surely.
And while you cannot pay for your life insurance with your Bitcoin, you can use it to pay for other insurance policies.
For instance, AXA, a Swiss insurance provider, has been accepting Bitcoin payments for every insurance policy it offers except for life insurance since 2021.
Another insurance provider that accepts Bitcoin payments is Metromile. You can use your Bitcoin to pay for its auto insurance policies.
Many gaming companies accept Bitcoin as a form of payment for the games you purchase.
So, if you want to buy a new game with your Bitcoin, you can do so on websites like Zynga, humblebumble.com, BigFishGames.com, PlayStation Network, and Green Man Gaming, among others.
9. Gift Cards
There are many stores that do not allow direct Bitcoin purchases. Instead, you can use services like CoinCards and Bitrefill, which serve as intermediaries between your Bitcoin and the stores you want to shop in.
Essentially, these services convert your Bitcoin into credit for your chosen store, Then, you use this credit to buy whatever you like.
CoinCards offers gift cards for over 140 merchants, many of which do not allow direct Bitcoin payments. It has two sites, one for US brands and another for Canadian brands.
Bitrefill, on the other hand, offers gift cards for over 750 merchants.
Something worth noting is that with both services, your identity and purchase history stay hidden, regardless of whether you shop online or in a brick-and-mortar store because the companies are the ones that are buying the gift cards.
So, it’s safe to say that, as blockchain technology continues to evolve, many stores and companies are including digital currencies as payment methods.
And seeing as Bitcoin is the most popular cryptocurrency, it is incorporated as a payment method by both small and large companies.
Of course, to make purchases with your Bitcoin, you must first see whether it is legal in your country to do so and whether it is possible.
If it is, you can shop away at the places mentioned in this article and at any other place where Bitcoin payments are accepted.
Related Article: Beyond Bitcoin: Ultimate Guide on Blockchain Platforms
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