What Can You Buy with Bitcoin? A Complete Guide to Buying Things with Cryptocurrency

Bitcoin has been around for a while now, and it’s become more mainstream as time goes on. You can now use Bitcoin to buy a variety of things, from pizza to plane tickets.

In this post, we’ll go over some of the best ways to spend your Bitcoins.

We’ll also give you a few tips on how to get started with Bitcoin if you’re new to the world of cryptocurrency.

💡 Jump to the list of things you can buy below.

What Are the Benefits of Using Bitcoin?

1. Low Transaction Fees

Using Bitcoin to make transactions reduces transaction fees compared to traditional payment methods such as credit cards, banks, and money transfer services.

This is because there are no extra fees when using Bitcoin and competitive fiat-to-Bitcoin conversion rates are offered by cryptocurrency exchange platforms like Binance.

By using Bitcoin instead of traditional payment methods, users can save money on transaction fees while still being able to take advantage of competitive rates for conversion.

Additionally, there is no need for any special equipment or membership requirements in order to use Bitcoin so it’s more accessible than other payment methods.

2. Fast Payments

Using Bitcoin to make payments speeds up the process by eliminating the need for intermediaries such as banks or credit card companies.

Transactions can be completed quickly and easily through a QR code or wallet app, without having to wait for days for funds to transfer. If using a QR code for the transaction, it’s important that it’s fully secure. The best QR code generator helps you generate a code that’s dynamic and secure at the same time.

This allows merchants to receive payments quickly, without having to worry about processing times or fees associated with traditional payment methods like PayPal or CashApp.

It also gives customers more options when it comes to paying with cryptocurrency since they no longer have to wait months before seeing the funds in their bank account after completing a transaction.

3. Anonymity

Anonymity benefits using Bitcoin because it does not require users to provide as much personal information as traditional payment methods.

This is beneficial since it prevents third parties from tracking a user’s purchases and spending habits, which can be potentially damaging in some cases.

Additionally, some merchants may not require any information at all when accepting Bitcoin payments – such as for donations – which further enhances user privacy and security.

4. Global Accessibility

The global accessibility of Bitcoin helps users in a number of ways. First, it allows them to make transactions without having to rely on traditional banks or other financial institutions.

This means that users can remain anonymous while making transactions across borders without incurring costly fees or government oversight.

Additionally, Bitcoin provides an opportunity for investors to diversify their assets by investing in cryptocurrencies from anywhere in the world with minimal barriers to entry.

Furthermore, bitcoin is accepted as a form of payment by many companies offering global citizenship services such as Nomad Capitalist which helps users save time and money on transaction fees associated with traditional currencies or payment methods such as credit cards or PayPal.

Finally, since Bitcoin is an internet-based currency with no physical presence (i.e., no coins or paper bills), it offers peace of mind knowing that your investments are secure from physical theft due to its decentralized nature and lack of physical points of access/control points.

5. Security

Using Bitcoin provides users with a sense of financial sovereignty, as they have control over their assets and can store, invest in, send and receive payments without relying on any third-party financial service providers.

Furthermore, users can also take advantage of encrypted wallets that provide additional layers of security for their funds. The effect will be strengthened with the secure and fast hosting of a bitcoin VPS.

6. Potentially High Returns

Cryptocurrency offers the potential for high returns due to its volatile price swings.

Since its inception in 2009, Bitcoin has experienced several major price spikes and crashes, with its value increasing from less than $0.01 to over $19,000 in 2017.

As of January 2023, Bitcoin’s value is around $16,824.

Read more: View Live Bitcoin Price Data

In addition, cryptocurrency may provide portfolio diversification benefits due to its lack of correlation with other asset classes.

Furthermore, investors have access to 24/7 trading via cryptocurrency exchanges without any regulatory or governmental constraints that could potentially limit their investments otherwise.

7. Easy to Store and Secure

Using Bitcoin to store and secure money makes it easy because it is digital, decentralized, and encrypted. Bitcoin can be stored on a digital wallet that is easily accessible from any device.

Additionally, since Bitcoins are stored electronically there is no need for a safety deposit box or other physical storage space which saves time and money.

Moreover, the blockchain technology used by Bitcoin ensures that transactions cannot be altered or reversed once they have been completed which provides peace of mind when dealing with large amounts of money.

8. Ability to Make Payments with Crypto Cards

Using a cryptocurrency debit card allows users to make payments with Bitcoin by converting their cryptocurrencies into local currency.

This allows the holder to spend their Bitcoins on almost anything they choose, as the card will act as a middleman and exchange their cryptocurrencies for local money that is paid directly to merchants.

9. Chance to Invest in Emerging Technologies

Using Bitcoin can help investors invest in emerging technologies by providing an alternative, global currency that allows them to access a wide range of opportunities.

By using Bitcoin, investors can invest in a variety of innovative and potentially high-growth companies without having to worry about exchange rates or cross-border transaction fees.

Cryptocurrency provides transparency and security for those who use it.

10. Ability to Make Donations and Give Gifts Using Bitcoin

Using Bitcoin to make donations and give gifts can be beneficial for both the donor and the charity. Charities that accept bitcoin donations are able to receive funds faster than traditional methods, reducing their administrative costs.

Additionally, donors can track their contributions in real time through apps like Charityvest which allows them to see exactly where their money is going.

Finally, charities that accept Bitcoin donations can potentially receive more money due to its global reach – especially in developing countries where credit card transactions may not be as common.

List of Things You Can Buy with Bitcoin

1. Clothing and Accessories

You can buy a wide range of clothes and accessories with Bitcoin, including tees and tops, belts, capris and pants, beachwear, scarves, earrings and necklaces, bracelets, and rings.

Additionally, established clothing retailers and boutique labels alike are beginning to accept direct crypto payments for clothes and fashion accessories.

2. Jewelry

The types of jewelry that are available for purchase with Bitcoin include watches, diamond rings, necklaces, and other types of jewelry.

Sites like BitDials offer high-end watches such as Rolex and Patek Philippe in return for Bitcoin and other cryptocurrencies. Some jewelry stores have partnered with payment processors to facilitate crypto-based purchases from their stores.

Additionally, some jewelers have begun accepting Bitcoin as a form of payment for their products.

3. Electronics

You can buy a wide variety of electronics with Bitcoin, including laptops, desktops, tablets, headphones and speakers, CCTV and security cameras, metal detectors, and TVs.

You can use BitPay as your payment method when purchasing these items from retailers like Newegg or use the BitPay Card at any electronics retailer that accepts MasterCard.

Additionally, you can leverage gift cards in the BitPay app or extension to shop at retailers like Amazon and Walmart which have a large selection of electronics available.

4. Vacation rentals

Cryptocurrency platforms such as Travala allow users to book flights and hotels in various worldwide destinations, from hundreds of different airlines, using cryptocurrencies like Bitcoin as payment.

Some hotels have also started to take bookings with Bitcoin directly, and one example is the Bobby Hotel in Nashville which accepts BitPay.

The hotel has a variety of city-themed rooms, as well as a beautiful rooftop lounge and a 1963 Lincoln Continental available for guests to experience.

5. Food and Beverages

Bitcoin users can buy a variety of food and beverages with their cryptocurrency, including coffee, tea, wine, and beer.

Coffee shops such as Starbucks have begun accepting BTC payments in recent years, while online retailers like Overstock.com offer discounts for those who pay with BTC.

Wine merchants like BitPremier allow customers to purchase wine from around the world using Bitcoin. And beer distributors like BitBrew allow customers to buy craft beers from local breweries using BTC.

6. Transportation

You can hop into a Bitcoin-friendly cab and pay with Bitcoin for your ride, or use your wallet or BitPay Card to purchase airline tickets.

In Hungary, you can use Bitcoin to pay for public transportation such as buses and trains.

7. Services

With Bitcoin, you can purchase a wide variety of goods and services including:

• Airline tickets
• Hotel reservations
• Dating site memberships
• Gambling chips and tokens
• Video game credits and in-game items
• Music, movies and TV shows downloads/streaming subscriptions.

8. Games

Games that can be bought with Bitcoin include action, adventure, puzzle, and strategy games. You can buy popular titles – from The Witcher 3: Wild Hunt to Minecraft – with crypto.

9. Art

There are a variety of types of art available for purchase with Bitcoin, including paintings, drawings, sculptures, and more.

You can find both acclaimed and emerging artists on platforms such as Singulart who are willing to accept payment in Bitcoin for their works.

Alternatively, the Maecenas platform takes fractions of art and tokenized them so they can be traded for cryptocurrency.

10. Coins and collectibles

You can use Bitcoin to buy coins and collectibles from a variety of categories, including art, antiques and collectibles, flowers, herbal medicines, and non-fungible tokens (NFTs).

Examples of coins and collectibles that can be bought with Bitcoin include gold coins at JM Bullion and paintings using Paxful.

How To Spend Your Bitcoin

Summary

Bitcoin is a versatile currency that can be used for a wide variety of purposes. Whether you’re looking to make a purchase online or donate to a cause, there’s a way to do it with Bitcoin.

With its growing popularity, it’s likely that we’ll see even more uses for Bitcoin in the future.

FAQs