You may have heard a lot about cryptocurrencies, especially the most popular cryptocurrency – Bitcoin. Unlike traditional currencies, using Bitcoin for payment can be difficult for many beginners. In this article, let’s learn with CoinMinutes how to pay with Bitcoin for real products easily and safely.
How to Pay with Bitcoin for Real Products?
Automotive is one of the most expensive items you can buy and pay for with Bitcoin. Currently, there are many car dealers around the world accepting payment in this cryptocurrency. The first thing you need to do is find a car seller that accepts payment in Bitcoin, then you need to transfer the amount of Bitcoin corresponding to the car’s value to the seller’s wallet address. Once the transaction is confirmed, you will receive the keys and vehicle registration to own your vehicle.
Watches, like cars, are immensely popular in the Bitcoin community. People purchase watches with Bitcoin not only for personal use but also as investment assets. If you’re interested in buying watches with Bitcoin, you can either find online dealers or visit genuine watch stores that accept Bitcoin payments. Large watch stores like Overstock and BVLGARI are among the many options that let you pay with Bitcoin.
Computers are one of the most popular technology products in the world and you can also easily buy them with Bitcoin. Many major technology companies such as Dell and Microsoft have accepted Bitcoin payments since 2014.
Additionally, many other online stores such as Newegg and TigerDirect also allow customers to pay with Bitcoin for their technology products such as computers, laptops, tablets, and computer components.
Just like computers, electronic items like mobile phones can also be purchased using Bitcoin. Genuine phone manufacturing companies such as HTC and Xiaomi have allowed customers to pay with Bitcoin.
At online phone retail stores like Bitrefill and Cryptophone, you can purchase top phones from popular brands such as Samsung and Apple using Bitcoin.
Cameras are one of the important tools to preserve beautiful moments and you can use Bitcoin to buy them. At online stores like Bitrefill and Crypto Emporium, you can buy the latest camera products from Canon, Nikon, and Sony and pay for them entirely in Bitcoin.
Just like phones or computers, smart technology devices such as tablets and smartwatches… are also products that you can buy and pay with Bitcoin at crypto online stores.
Fashion product lines are very popular in online shopping in the US. One of the famous fashion brands, H&M, has accepted Bitcoin payment. Other boutiques like Purse.io and BitDials also offer affordable options for Bitcoin customers.
Artwork is one of the high-value products, with great collectible and investment value, that many people are targeting. Currently, many online art exchanges accept artwork payments in Bitcoin, including famous exchanges such as Christie’s and Sotheby’s.
Toys and Gadgets
Today, you can purchase toys and gadgets like drones and robots using Bitcoin at popular online crypto stores like Overstock.
Bitcoin is not only used to pay for entertainment products or services, it is also used to pay for education. There are many online courses today that can use Bitcoin for payment, such as Udemy and Coursera – two “big players” in the world’s online education sector, attracting millions of students.
Segways and Scooters
Segways and Scooters are means of transportation suitable for modern life. And even more modern, they can completely be paid with Bitcoin.
In any field, from online business to marketing, domain names are crucial in establishing your brand. Nowadays, various platforms such as Namecheap, GoDaddy, and Hostinger accept Bitcoin as payment for domains.
Collectibles such as stamps, coins, and collectibles are sought after by many collectors. Besides, some investors also look for valuable collectibles and are paid in Bitcoin to find investment opportunities.
At online exchanges like eBay and Etsy, you can make purchases and sales of collectibles and pay entirely in Bitcoin.
In addition to using Bitcoin to buy products directly, you can also use it to buy cryptocurrency-related products. Exchanges CryptoGoods and Bitify already accept Bitcoin payments for products such as t-shirts and phone cases with cryptocurrency-related prints. Additionally, smaller stores like The Bitcoin Store and Bitcoin.com also offer many affordable options for Bitcoin customers.
Where Can You Spend Crypto?
ExpressVPN is a virtual private network service provided by Express VPN International Ltd, ExpressVPN is the best-in-class VPN provider. This software is distributed on the market as Pay-To-Use. This is paid software that provides security and privacy tools, encrypts users’ web traffic, and masks their IP addresses. Notably, ExpressVPN accepts Bitcoin payments for its services.
Newegg is the name of a reputable online retailer in the US specializing in providing items such as computers and consumer electronics. Newegg was one of the first major online shopping stores to accept Bitcoin payments when it partnered with BitPay in 2014. The company initially launched the feature in the United States, then expanded Payment options to over 70 countries.
Since 2013, CheapAir.com has accepted payments in virtual currency for flights and hotel reservations, including Bitcoin, Ethereum, Dogecoin, and Gemini Dollar.
BitGild is one of the leading online gold and silver dealers in Europe, notable for its flexibility in Bitcoin payments. Here, you can use Bitcoin to exchange for gold and take it home. All orders at BitGild are guaranteed to be safe and always delivered to customers quickly, ensuring absolute customer satisfaction.
How to Spend Bitcoin
To use Bitcoin to pay for products and services, you need to follow some simple steps below:
Step 1: Open an Account
To get started, you need to have a Bitcoin account. You can create a cryptocurrency wallet like Blockchain or Coinbase to store your Bitcoin. After creating an account, you need to buy Bitcoin by transferring money from your bank or through online exchanges like Binance or Bitfinex.
Step 2: Search for Products
Once you have Bitcoin in your account, you can start looking for products and services that you want to spend Bitcoin on. Popular online stores such as Overstock and Expedia have started accepting payments in Bitcoin. Additionally, other online stores have also integrated Bitcoin payments through payment gateways such as BitPay and Coinbase Commerce.
Step 3: Review Shipping Info
Before completing your transaction, check your shipping information to ensure that your order will be sent to the correct address. Most online stores that currently support Bitcoin payments will require you to provide an email address and shipping address to complete the order most accurately.
Step 4: Transfer Crypto to Complete Order
After completing the above steps, you only need to transfer the amount of Bitcoin corresponding to the value of the order. Using your cryptocurrency wallet, you can transfer cryptocurrency quickly and securely. Once the transaction is confirmed, your order will be processed and delivered to you.
Is It Safe to Buy Things with Bitcoin?
One of the common questions that makes many people hesitate when wanting to use Bitcoin to make purchases is safety. Since Bitcoin is not managed by anyone, making payment transactions can also bring potential risks. However, if you follow the steps above and use reputable online stores, purchasing with Bitcoin will be very safe.
Additionally, many online stores have also integrated security features to ensure that your transactions will be secure and confidential. This means you can feel secure when using Bitcoin to pay for products and services online.
Can You Use Bitcoin the Same Way as Money?
Bitcoin is not yet recognized as an official currency, so you cannot use it to pay for all products and services. However, more and more stores and businesses are starting to accept payments in Bitcoin and it is expected that shortly it will become a more popular currency.
With the increasingly rapid development of encryption technology, using Bitcoin for payment will become more popular and simpler in the future. Hopefully, the article that CoinMinutes brings will help you better understand the process of spending Bitcoin and using this cryptocurrency effectively.