For many people, cryptocurrencies, especially Bitcoins, are a get-rich-quick scheme. They don’t fully understand the technology. But does it matter?
The price is going up, and there are hundreds of videos on YouTube telling you how you’re missing out on a gold mine.
Again, everyone is telling you to buy it, how to buy it, sell it, when to sell it, etc. But what comes after buying? I have them, and now I want to spend them.
But my local grocery store, car dealership, appliances store, tailor haven’t jumped on the crypto train. They still want to feel the money in their hands.
Now, this blog is precisely for people who find themselves in this bewilderment. Here, we won’t tell you how to buy cryptocurrencies. Rather, for a change, we will tell you how to spend it and what you can buy with these digital coins.
Let’s start with some hot drives. Buying a car is the first thing on nouveau-riche’s checklist. And you have all the wealth but in digital coins.
So, your route to getting your hands on your new car will slightly differ from those who are buying it with fiat cash.
Your starting point is the internet. Several online marketplaces link buyers (who want to spend cryptocurrencies) with sellers (who accept cryptocurrencies). For example, you can buy a car online from Autocoincars and pay for it with cryptocurrencies.
So start searching for the car of your dream. After you have found one, you can agree on a contract. The payment can be made in cryptocurrencies, or you can change it into fiat cash and pay for your car.
Here is the fact that you most definitely would be unaware of:
On May 22. 2010, Laszlo Hanyecz from Florida bought two large pizzas at Papa John’s and paid for them in Bitcoins. Guess what the cost was? 10,000 BTC.
Today, those two pizzas worth $372 million.It was the first commercial transaction of BTC with an actual company.
Even today, you can buy pizzas with Bitcoins. Domino’s offers gift cards that allow you to buy pizza and pay for it in four different cryptocurrencies: Ethereum, Dash, Dogecoin, and Litecoin.
You can easily upgrade your wardrobe using Bitcoins. Several online clothing stores accept Bitcoins and other cryptocurrencies as payment. For example, Bitgear, an online clothing retail store, accepts Bitcoin.
Moreover, there are many other crypto-specific marketplaces where you can spend your crypto cash to buy everything from clothing to accessories.
Do you want to go on a comfortable vacation with your friends? Who doesn’t? Well, try paying for your flight tickets and hotel accommodation with Bitcoins.
Online ticket booking service Expedia and CheapAir.com accept Bitcoins as payment. You can book flight tickets, find hotel accommodation and plan your perfect trip.
Airlines, too, accept cryptocurrencies. For example, Baltic Air is the world’s first airline to accept cryptocurrency.
Where better to put your cryptocurrency to use than buying web services? From VPN to cloud storage, if you have cryptocurrencies, you can have them all.
There are plenty of VPN options for you to choose from if you want to pay in cryptocurrency. Some notable VPNs like ExpressVPN, NordVPN, Cyberghost, Surfsharkand, and ProtonVPN accept Bitcoin payments.
If you are looking for cloud storage, MEGA is your answer. It is a cloud storage software that accepts Bitcoin payments.
If you want a new timepiece and have cryptocurrency to pay for it, don’t worry. You are not out of options.
Just head to Bitdial.com and choose from an extensive range of sleek and exquisite watches. Their range is so good; you would want to spend all your crypto cash then and there.
Yes, Bitcoin is digital gold, but you can also use it to buy real gold.
There are two online gold dealers, Bitgild and the European Mint, who allow you to buy the precious metal and then pay for it in Bitcoins.
It is as simple as grocery shopping, trust me. Just go to their websites, find the piece of your choice, pay in Bitcoins, and checkout.
The European Mint allows payments through BitPay, although they do charge a 1% handling fee. At Bitgild, you can pay from your Bitcoin wallet or use a third-party exchange to make the payment.
Not only gold, but they also have other precious metals like silver and platinum.
Have a knack for art? Now you can buy them with cryptocurrencies too.
Just this month, Sotheby’s, one of the world’s largest brokers of fine and decorative art, announced an auction titled “Love is in the Air” by Banksy.
What made this auction unprecedented was the announcement by Sotheby that they will accept Bitcoin and Ethereum payments for artworks sold in this auction.
Travel to Space
Have you gathered enough crypto wealth and now want to retire for good?
How about I say that you can plan your retirement in space? No, don’t be surprised. We kept this for last because we knew it would blow off your mind.
Space exploration is a hot industry these days, booming with players eyeing to rocket their way to Mars. One of them is Virgin Galactic by billionaire Richard Branson. He has already announced that his commercial space flight will accept payments in Bitcoins.
If you made big by investing in Bitcoins and other cryptocurrencies when the world dismissed them, now is your time to splurge.
Now you know where you can spend these digital coins. From burgers to a trip to Mars, if you have Bitcoins, you can be sure that there are enough takers for it.