Around 22% of American adults own a share of Bitcoin, so it’s likely that you do too. Cryptocurrencies are a wise investment nowadays, especially since they help diversify your portfolio if you only have investments in fiat currencies.
While some people may want to let their Bitcoins grow, others want to spend them. If you’re in the latter category, then you might be wondering about how to spend Bitcoin.
If that’s the case, then keep reading for some ways to find Bitcoin-friendly merchants.
Gift Cards
Is someone’s birthday, anniversary, or graduation coming up? Then take care of their gift by spending Bitcoin to purchase a gift card for them.
There are two ways to go about this. The first is to buy directly from stores like BestBuy and Amazon. The other is to buy gift cards from third parties that accept cryptos, then redeem them at certain retailers.
Video Games
Stop spending real cash on video games and add-ons. You can use your Bitcoin profits on them instead!
If you’re an Xbox or PC gamer, then you can easily spend Bitcoin on games through Microsoft. Otherwise, you’ll have to check out your favorite games to see if they accept Bitcoins as payment.
Gamble Online
Online gambling is immensely popular; there are no closing hours, and you can place bets in the comfort of your own home.
Previously, you could only make wagers with fiat currency, but that’s rapidly changing nowadays. All you have to do is browse online casinos, and you’re sure to run across one that takes Bitcoin.
As always, remember to play responsibly and don’t chase losses.
Travel
Forget about painstakingly saving up airline miles to barely redeem anything. Today, there are many apps you can download to make traveling a little bit easier and cheaper.
For example, you can pay for your hotel rooms and flights. Or if you’re a high roller, you can even book with Virgin Galactic to go to space!
While on the road, you can also pay for your food and coffee by checking the list of Bitcoin restaurants and coffee shops. There are even gas stations that have Bitcoin machines, so you can fuel up with your Bitcoin balance instead of fumbling for cash or your credit cards.
Get Your Own Machine
If you’ve exhausted all your options and you’ve got some money to spend on your retail store, then it’s not a bad idea to get a Bitcoin machine.
Doing this will be a win-win situation. Not only can you use Bitcoins in your own store, but you’ll provide a convenient service for your customers too. As a result, you’ll make more money!
Know How to Spend Bitcoin Wisely
You’ve got the coins in your online wallet, and now you know how to spend Bitcoin too. Whether you spend it on gift cards, video games, travel, or even a Bitcoin machine, there are so many ways you can use this cryptocurrency.
Thanks to this convenience, you can trust that you’re part of the move from fiat currency to crypto. What exciting times!
If you have any other questions about using Bitcoin, then keep reading our blog page for more information.