Bitcoin has been the talk of the town for a decade. It plummeted so high that people are running after ways to get bitcoins in any way possible. You can mine, buy or even get bitcoins through free bitcoin games. Once you have them, what will you do with them? Check out some of the ways you can use bitcoins:
What can you buy with Bitcoin?
With all this in mind, we can actually speak about the question of the day: what exactly can you purchase with Bitcoins today? Without any more delay, let us plunge straight in.
- Buying silver and gold
There are hundreds of businesses out there offering bitcoin silver and gold bars. You have had popular businesses like APMEX, Gram Gold, and JM Bullion, and that is only the tip of the iceberg. There are more and more businesses of this type every day.
Some of them still have their crypto coins. The aforementioned Gram Gold has a coin of its own, which can be bought from various Bitcoin exchanges around the internet. Few organizations often provide custodial facilities to their customers.
In addition to the purchasing of precious metals, there are also online jewelry stores that enable their customers to make transactions with Bitcoin. Mervis Diamond Importers allow their customers to acquire gold, silver, and diamonds safely and turn their crypto assets into hard ones.
- Buying property
Speaking of luxury sales, real estate is another sector that is completely on-board with cryptocurrencies. Recently, a variety of realtors have begun to allow direct Bitcoin payments. There are also Bitcoin-themed, real estate firms out there, as clearly-named, Bitcoin Real Estate.
The platform lets consumers bring their homes on the market and sell them to Bitcoin. As CNBC notes, as of late, there has been an increasing market for bitcoin payments in the real estate sector. This is because Millennials and Gen-Z-ers are beginning to spend their capital in real estate.
- Air tickets
The travel industry is one of the fastest-growing market sectors in the world. That is still one of the most creative. Big websites such as CheapAir and Expedia accept Bitcoin payments for accommodation, motels, and vacations. CheapAir even has a dedicated Bitcoin user server.
Besides booking, you may even pay for your flight in a variety of cryptocurrencies.
How am I going to buy with bitcoin?
In certain cases, paying with bitcoin is close to sending an invoice, only that instead of sending a letter to an email address, are you? Return the sum of money back to a bitcoin account.
One of the good stuff about paying by bitcoin is that you don’t have much to think about. It is pretty easy and manageable and people are Everything you need to do is offer your name and address if you do? Repurchase of tangible products. If it is a digital object, your email would normally be plenty, and if you? You do not need to have any detail regarding making a donation at all.
After you submit the necessary details, instead of asking for a credit card number, the Bitcoin payment information will be shown on the page, which will consist of at least one of the following:
Pay with the Coinbase Wallet
If the seller you pay requires Coinbase to allow bitcoin purchases and you already have a financed Coinbase account, you can complete the checkout by simply logging in to your Coinbase account and verifying the purchase. When the order has been verified, the procedure is accomplished and the merchant will be informed of the charge.
Pay by QR code
Most of the Bitcoin payment processors can also include the QR code at the checkout, which reflects the Bitcoin address and the payment number.
QR codes make it convenient to pay using a bitcoin wallet software on your mobile (including the Coinbase app for Android or iOS). Simply check the QR code and pre-file the Bitcoin address of the receiver and the requested payment number. If the transaction has been sent, the transfer is complete.
This is a decent choice if you do not have a Coinbase account or choose to pay from another bitcoin wallet.
Paying to Bitcoin Address
If you do not scan QR codes or the trader only gives a Bitcoin address, you can also manually insert this as the transaction receiver in your Bitcoin wallet program.
To pay to your Bitcoin account, you will need to supply your Bitcoin wallet with two pieces of information:
- Bitcoin address of the receiver
- The number of bitcoins you want to send
Both will be shown on the billing page during the purchase, but others will leave the number to you in the case of contributions or other more customizable payment models.
With the address and the number, simply insert them in the “send” form of your wallet and apply the transactions.
If the retailer uses Coinbase immediately after you deliver the order, the checkout page will change to show that the funds have been collected and the transaction will be listed as full. Notice that the procedure could be somewhat different for other payment processors or direct transfers without a processor.
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