How to Spend Bitcoin? Here is the Guide – Analytics Insight

Spend Bitcoin

As more people are getting involved in cryptocurrency and investing in it, the big question some people have is, how do you spend the cryptocurrency you have gathered? This has made many people skeptical because they believe cryptos are not ready to be used as a day-to-day currency.

With it being the rave at the moment, the good news is that some businesses have started collecting it as a payment source since it can also be an investment for them. So, if you already have coins stored already or you are just about to get into the crypto world, here are some of the ways you can spend your cryptocurrency:

Giving and receiving

You can always pay forward your bitcoin to help a cause you believe in, like a charity. Consider your favorite blog post or a cause you found online that you want to donate to; one of the easiest ways to do that is to give bitcoin as a gift that can appreciate over time. Giving this way helps because of the anonymity of crypto if you want to remain anonymous.

If you own a charity or run a nonprofit, you can set up a wallet to receive crypto as one of the donation methods accepted.

Video games

Brands like Microsoft have started offering video games and accepting bitcoin as a source of payment. Some apps are being paid for by bitcoins too. If you are a gamer or an enthusiast with some cryptocurrency, gaming is one way to spend it.

Food

There are bitcoins restaurants now that accept bitcoin as a way to pay for food. All you have to do is have your wallet and be ready to transfer the amount you used to order food. Some cafes and coffee houses accept it, with an example of a coffee place in Prague that accepts only bitcoin.

Travel

With travel companies like Expedia and CheapAir, you can quickly pay for your hotels or book your flight paying with bitcoin. Some car dealerships are working on accepting bitcoin as payment, even on technology to allow paying for gas with bitcoin.

These are some of the simple ways you can spend your bitcoin, and you can make more of it with software like BitQL that can help increase your bitcoin. As seen above, there are platforms you can spend your bitcoin directly; we’ve highlighted some of them below:

Overstock

This is a retail shop where you can use your bitcoin to buy household goods. It uses Coinbase to process payments.

Virgin Atlantic

Almost everyone wants to go to space, and Virgin Atlantic wants to make space tourism a reality, and no surprise, you can pay for your trip to space with bitcoin.

Wikimedia

Wikipedia is a nonprofit that works based on the donations it receives, and you can donate to them with bitcoin.

New Egg

Are you into tech and general gadgets? You can pay for all your gadget needs with bitcoin on the new egg.

Name cheap

Domain names are essential for getting a new website and can cost a lot of money, Name cheap now accept bitcoin as payment for a new website or a domain name.

PizzaforCoins

Food is essential to everyday life, and you can now turn your bitcoin into a hot pie at PizzaforCoin, which can be your favorite pizza place now.

More companies accept bitcoin as payments now, with payment processing platforms are beginning to recognize bitcoin-like Shopify, square, and stripe, which allow people to integrate bitcoin payment form into their business or website.

Conclusion

With its popularity growing more and more, businesses will start accepting bitcoin as a form of payment, which will only get bigger. So, you can go start to spend your bitcoin now for things you need and invest some more for when it will be fully accepted.