ZoneBitcoin EditorialTo the question “what can you buy with bitcoins”, a few years ago, we wrote the article with only a few sites. It must be said that for some time now, you can buy a lot of things with bitcoin. We can even buy everything to tell you frankly.
Bitcoin remains the most popular and coveted digital currency. In this article we will take a look at what you can buy with bitcoin. We prefer to tell you right away, the list is not exhaustive. Every day, new stores appear with new things and objects that can be purchased with bitcoin.
What is bitcoin?
Le bitcoin is a cryptocurrency which aims to establish a system that promotes the exchange of monetary value without having to resort to banks or other financial institutions. It allows exchanges and transactions between a group of users who have accepted it as mode of paiement. Today, bitcoin has gained consensus and many people and businesses accept being paid in bitcoin.
Le Bitcoin has always been intended to be a means of payment
Initially, bitcoin was only used by a small group of people around the world. You can learn more about the origin by understanding the history of CypherPunks. Geeks interested in cryptography. The first real exchange platform was set up in March 2010 and was called Mt. Gox. At the time, one bitcoin was equivalent to 0.003 US dollars. The first to use it to purchase two pizzas was the American computer scientist Laszlo Hanyecz for an amount of 10000 BTC the equivalent of 25 Dollars.
🤓 You can read our article on the history of first Bitcoin exchange platforms.
How does it work when you pay in bitcoin (concretely)?
Concretely, when you pay in bitcoin, it's very simple. You just need to send bitcoins to an address. Generally, you are presented with a QR Code that you can scan with your app to pay directly.
Indeed, on the QR-Code, very often, the requested amount is written. This makes sending bitcoin easier. Otherwise you can pay directly by sending the requested amount to the address indicated.
Today, you can buy (or almost) everything with bitcoin
It is now possible to make purchases with bitcoin. To obtain it, you must first create an electronic wallet. It is also possible to use it to purchase services and make various payments. Thanks to bitcoin, you can even pay for beers in bitcoins 😉
There are more and more stores that allow you to spend your bitcoins. Know that you can also with your crypto bank cards spend your bitcoins with ease.
Bitcoin is accepted in more and more online stores
It has become commonplace today to accept cryptocurrencies for businesses. Today, most businesses accept bitcoins as payment. Every day the list of companies accepting bitcoin grows.
Even though you can buy more and more things with bitcoin, don't forget to save money. How? With the crypto cashback for example.
Now here is everything you can buy with bitcoin.
✈️ Pay for your trips with your bitcoins
The agencies and travel companies are also aligned with new technologies and several of them, apart from traditional payment methods, also offer bitcoin as a payment method. You have many platforms to travel with bitcoin. That said, the platform AlternativesAirflight stands out from others by the quality of its services.
⌚ Buy luxury watches with bitcoin
It is possible to buy luxury watches on the site Bitdials which is perhaps one of the oldest sites in this market.
Besides, you can buy other luxury items like cars or jewelry. Prices are displayed in bitcoin.
Buy cars with bitcoin
It is interesting to know that it is also possible to buy cars and even luxury car with bitcoin. There are many sites that allow you to do this securely and confidentially. There are sites like BitCars which allow you to buy luxury and classic cars but you will also find on other sites more classic cars that you can use in everyday life, such as Toyotas or Audis.
Read our article on this subject: How to buy a luxury car with bitcoin?
🎮 Buying video games with bitcoin
Thanks to bitcoin you have the possibility to buy games for consoles such as Xbox, PlayStation.
For video games, blockchain has gone even further with play to earn games. That said, it is a growing sector. Most certainly, we will see even bigger things in the video game sector.
-> Investing in play-to-earn (P2E) games.
🍷Buy bottles of wine with bitcoin
There is a French company BTCWine who launched his online store to buy quality wine and champagne. Moreover, you can also invest in wine via the site. Thus, you can buy wine to taste it and also to invest in a financial asset. In the same way that we can buy gold, you can therefore buy wine on the BTCWine website.
Indeed, it is also possible to subscribe to a professional wine storage service. Thus, you can resell your bottles to make capital gains.
(Recently, the company launched his own NFT project via Wine Bottle Club. It is now possible to invest in wine via NFTs. You can read the article here)
Pay in bitcoin in restaurants or pay your tips
Paying your bills in certain restaurants using bitcoin is entirely possible. You can also tip after a service using this currency. It's true that not all restaurants have adopted it yet but here are a few where you can use it. It depends on the city you live in, that's for sure. Pizza Hut and pizza restaurants are open to bitcoin, in general.
Indeed, interesting fact: the first bitcoin transaction was made with the purchase of a pizzeria for 10,000 BTC. This happened on May 22, 2010 and since then it has been the date of what is called pizza day.
Pay with gift cards
The majority of transactions carried out using bitcoin are intended to purchasing gift cards. Many people use this payment method to make these types of purchases. Users generally use sites such as BitRefil to give you the best known.
You can buy various things through the gift card system. For example, you buy a gift card for €50 in Bitcoin and you can spend it on Amazon. This can be the perfect gift for Christmas for example.
–> You can read our review of Bitreffil also.
Associations and charities
Sometimes to do charity work you needanonymity and discretion so as not to attract attention. To also limit the risks of loss of confidentiality, bitcoin remains a major asset. It allows you to make anonymous donations that cannot necessarily be traced by conventional financial systems.
Today, the vast majority of NFTs have a system for redistributing profits to charitable causes. Some NFTs, as is the case with NFT Beluga are entirely dedicated to charitable works.
What are the advantages of buying with bitcoins?
Bitcoin offers multiple advantages. Indeed, the value of bitcoin fluctuates. THE course of bitcoin is constantly evolving. Bitcoin is also an ultra-secure means of payment since it uses technology blockchain. Its availability is unequivocal, with almost zero risk of corruption.
✅ Lower fees. You can make international transfers at lower rates than conventional banks and financial systems.
✅ A payment accessible to all. It is easy to use from equipment connected to the internet. You need a computer, cell phone or tablet. Creating the wallet to obtain bitcoin can be done easily on the internet without needing to check your credit history or solvency;
✅ An internationally recognized financial asset. Bitcoin is the most recognized and widely accepted cryptocurrency in the world. For businesses, it offers the advantage of multi-signature in the event of payment and allows financial transactions to be secured.
What are the risks of buying with bitcoin?
Using bitcoin still has some disadvantages. You must have the internet to use it and carry out operations. However, it is not yet accepted by all companies. The regulatory system is not yet optimal.
❌ Likewise, you should know that once you send money, you cannot “cancel” the transaction. It's irreversible.
❌ As bitcoin is still being deployed, fees and transaction speed may fluctuate depending on the case (network congestion, many simultaneous requests).
❌ Transactions made with bitcoin are irreversible since as soon as the money leaves your wallet it is almost impossible to recover it. Some applications are being implemented but the buyer is not yet 100% protected in the event of a transaction error;
Bitcoin is a free financial system which is the antithesis of traditional financial systems and institutions. It is therefore obvious that there may be resistance to its progression and adoption. This is all the more true since bitcoin makes it possible to save money.
However, mass adoption is on the way as well. Since 2017, the use of bitcoin has continued to grow. More and more industries are realizing its many benefits.
Is bitcoin legal tender?
Laws vary depending on the country. It is completely legal in some countries and it is prohibited in others.
In countries where bitcoin is legalized, this is entirely different. This acts as state currency. THE Salvador for example not only legalized bitcoin but also established it as an official currency.
The good thing is that this makes it the ideal global currency.
Now, Bitcoin has entered financial regulations. Most countries in the world today attempt to legislate. This is a very good sign. This is also why there are now software for declaring your crypto taxes.
How to buy or sell bitcoin?
Today, it has become “easy” tobuy bitcoin.
Several sites offer the purchase and sale of bitcoin. These are exchange platforms such as Binance ou Kucoin.
All you have to do is register on the site of your choice, make your deposit of funds with a credit card, paypal, bank transfer, etc. As soon as the funds are positioned, you have the possibility to manipulate them as you wish either to buy or sell your bitcoin.
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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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