Bitcoin is the first and the largest cryptocurrency in terms of market capitalization. Due to its design as a store of value rather than a means of payment, it has seen a steep rise in value. However, various retailers accept Bitcoin as a payment method, making it more viable for merchants and consumers.
Bitcoin has grown in popularity as an alternative payment method because it is highly secure and decentralized.
If you’re looking for places where you can spend your Bitcoin, here are some of the best that accept them:
Online Shopping
The online shopping industry has been one of the first to embrace Bitcoin payments. It allows customers to shop anonymously without providing sensitive personal information. Merchants who accept Bitcoin also benefit from lower transaction fees than credit card payments or Paypal transfers.
Some of the biggest online retailers accept Bitcoin as a payment method. These include Overstock and Newegg.com. If you’re looking for new clothes or shoes, check out BitPremier for a wide range of brands that accept BTC as payment.
You can also use Gyft or eGifter to purchase gift cards using Bitcoin to buy items from Amazon or other online retailers too.
Entertainment
In gaming plenty of companies accept Bitcoin as a form of payment ranging from Chess.com to Google Play. Moreover, you can also make deposits and withdrawals for online casinos and quickly growing to be one of the top casino payment methods because of their speed, low cost, and security. Moreover, for players who do not hold major currencies, but instead the NZD, Bitcoin is cheaper and a faster way to start playing casino games.
Even better, if you are from New Zealand, comparison sites search for all the best platforms and provide comprehensive reviews on each one. Also, the site will find all the juiciest welcome bonuses and recommend platforms accepting Bitcoin or the NZD.
Travel Industry
The tourism industry is one of the most popular industries that accept Bitcoin. Cryptocurrency has become a great tool for travelers to pay for their trips and book hotels.
Several airlines around the world have started accepting Bitcoin as a form of payment. Today you’re able to book your flights on CheapAir with Bitcoin cryptocurrency. Moreover, if you are in the market for luxury travel, plenty of private jet companies accept Bitcoin, as well as other cryptocurrencies.
Expedia is one of the world’s largest travel companies and accepts Bitcoin as payment.. On the platform, you are able to book accommodation flights and rental cars.
Music Streaming Services
Spotify allows people to stream music for free or for a monthly fee. One of the advantages of paying with Bitcoin is that there are no additional charges added to each transaction.
Many music streaming services have lower rates when paying with Bitcoin than traditional credit cards or PayPal accounts. There are no associated fees when using cryptocurrency transactions instead of electronic payments.
Restaurants and Bars
Another common way to use Bitcoin is at restaurants and bars. Several restaurants around the world now accept cryptocurrency payments, including Burger King and Starbucks. You can also pay for drinks at bars like The Old Fitzroy Hotel in Sydney, The Pembury Tavern in London, and many more.
Banking
The banking industry also accepts Bitcoin because it can be a secure payment method for banks, money transfer services, and other financial institutions. You can use Bitcoin to make payments instead of fiat currencies such as USD or EURO.
In most cases, Bitcoin is not for small transactions. Mainly because miners who maintain the network receive a small fee. If the amount is too low, you might be paying a similar number in fees.
Pay With Bitcoin
Bitcoin has become the most popular cryptocurrency in the world, and it’s only gaining traction. It’s no surprise that many people are looking for ways to use the cryptocurrency. With its growing popularity, more and more businesses are accepting it as a payment method.
Bitcoin is now a global currency, and you can use it to pay for goods and services across borders. The list of industries accepting Bitcoin as a payment method is long and continues to grow daily.