If you have even one bitcoin, then you have thousands of US dollars.
It is easy to invest, but once you have it, what can you buy with bitcoin? Even having all the bitcoin in the world won’t mean anything if you aren’t able to actually use it.
Luckily, there are a lot of items that can be purchased with bitcoin and the amount is growing every day. More and more companies are coming around to the idea of accepting cryptocurrency.
Keep reading to find out more about what bitcoin is going to be able to buy you.
What Can You Buy With Bitcoin?
Bitcoin is not hard to invest in. After some time has passed, are actually tons of things that people are able to buy using their bitcoin amounts. Some if it doesn’t even cost that much.
For instance, there have been instances of people paying for meals using their bitcoins and these only amounted to a few bucks in the grand scheme of things.
If you want to spend your bitcoins on larger items, this is an option too! Plenty of retailers are now accepting cryptocurrency, including bitcoin, as a way for people to pay for goods and services.
1. A New Car
Buying a new car with bitcoin doesn’t necessarily have to be a big hassle. There are plenty of people that purchase large ticket items using bitcoin because it is a more simple method if you already have made the investment.
Cars can be really expensive, so those that have a lot of bitcoin saved up are able to buy one easily. A new car is a great treat for any person that needs to get around town or even just wants to have a car to show off.
2. Booking Online Travel
There are plenty of travel sites, such as Expedia or CheapAir.com, that accept bitcoin payments. Just like a new car, vacations can get expensive pretty fast. If you are booking flights, hotels, rental cars, and excursion activities, you will find that you will end up spending tons of money in a few simple clicks.
Using your bitcoin is a great way to save your other cash and use the investment that you have been dedicated to growing in a way that will help you relieve stress at the same time in a new location.
3. Online Gambling
Just like you took a gamble with investing in a cryptocurrency, you can spend that extra amount you have on more gambling! Online gambling websites are able to accept bitcoin as payment for those that want to use it as a deposit option.
4. Gift Cards
Websites that offer gift cards to a lot of the major retailers out there will often accept cryptocurrencies. They want you to be able to buy the gift cards for others you care about!
If you want to get a gift card for a specific store, go to a gift card website and find that store. One of the best parts is that you don’t even need to pay any extra fees to use your bitcoin for these types of purchases.
Even if you want to buy a gift card for yourself to use at a store that may not accept bitcoin, you can do so indirectly by buying a gift card first.
Not all charities accept bitcoin at present time. However, plenty of them do and it can be a real benefit for you to use your bitcoin to send money to the causes that you care about.
In the long run, there are some benefits that you can get from donating as well, such as tax benefits for the community. It is something to consider as you may already make regular contributions to charities as it is.
Start Using Your Bitcoin
As you may be able to tell, there are plenty of things that you can buy with bitcoin.
The question “what can you buy with bitcoin?” is one that used to be hard to answer, but in today’s modern world, more and more businesses are accepting bitcoin as payment.
If you are interested in learning more about where you can use your bitcoin, consider using our website to find out more about cryptocurrency usage.