As more traders around the world start investing in cryptocurrency, one question that often comes up is - What can I actually buy with my crypto? Well, the short answer is - a lot! Nowadays, cryptocurrency has many more real-world uses than it once had years ago. Plus, with cryptocurrency becoming more mainstream than ever, companies of all sizes are now taking part and allowing customers to make purchases with their crypto.
Of course, what you can purchase with your crypto highly depends on where you live, what you want to buy, and which cryptocurrencies you own. However, with an increasing number of companies worldwide opening their doors to crypto payments, before you know it, there’ll be an option to buy anything you want with your well-earned cryptocurrency. But for now, let’s take a look at ten awesome things you can currently purchase with crypto!
How to Trade Crypto to Make Purchases With
Before you start making cryptocurrency purchases, you need to have crypto to spend. This means choosing a coin to invest in, researching the crypto market, and, finally, buying assets to build up your portfolio. This may seem intimidating if you’re new to the trading world. But don’t worry, as you can receive all the support you need by signing up for a crypto platform.
Crypto platforms have been designed to help out new traders by connecting them with professional brokers who can provide a range of helpful tools and other forms of support. Tons of fantastic crypto platforms are available, including Bitcoin Loophole a full-featured platform with plenty to offer traders of all experience levels. As mentioned on its website, Bitcoin Loophole will “go the extra mile to provide tailored solutions to your needs” as their partnered brokers will offer “a wide variety of tools to help you master the secrets of crypto trading”.
10 Purchases You Can Make With Your Cryptocurrency
If you’ve spent time building up your crypto portfolio, then perhaps it's time to make some well-earned purchases. Here are just a few of the things that you can buy with your cryptocurrency!
Buying a shiny, new car is one of the more luxurious purchases you can make with your cryptocurrency. Many car dealerships already accept crypto as a form of payment, and in the coming years, many more businesses are expected to follow suit. As a car is typically a very large purchase, customers are turning towards crypto as a form of payment since it facilitates fast international transfers with no additional transaction charges.
Companies that you can purchase a car from using crypto right now include BMW, Audi, Ferrari, Honda, Maserati, and Nissan. Some car manufacturers accept only certain coins as a form of payment. For instance, the electric vehicle manufacturer Tesla currently only accepts Dogecoin.
Although gaming platforms such as Xbox, PlayStation, Steam, and Nintendo currently do not accept cryptocurrency as a payment method, purchasing video games with your crypto assets is still possible. Rather than purchasing your favourite games, in-game items, credits, and battle pass levels directly through your preferred platform, you can buy gift cards through crypto payment processors such as CoinGate.
Afterwards, you can head straight to your desired platform and enter the gift card code to receive your items. Using this trick, you can also purchase mobile games from app stores such as Apple and Google Play in addition to subscribing to and tipping your favourite streamers on Twitch!
Plenty of subscription-based services also now accept crypto as a form of payment. For example, many VPN providers, such as NordVPN, allow customers to purchase their subscriptions using crypto as it’s considered a private and anonymous payment form. However, if you’re interested in purchasing a streaming subscription with your crypto, then you’ll need to head to a crypto payment processor (as we mentioned with video game purchases).
Streaming giants such as Netflix and Amazon Prime currently don’t accept crypto payments but experts predict that this will change over the next couple of years as crypto trading becomes more regulated and mainstream.
Ready to book your dream holiday? Well, you can now do that with your crypto since a handful of travel-based services worldwide now accept cryptocurrency payments. For flight tickets, you can head to airlines such as Virgin Galactic and AirBaltic. With flights to more than 70 destinations all across Europe and the Middle East, AirBaltic was one of the first airlines to start accepting Bitcoin as payment in 2014. For hotel bookings and car rentals, several agencies already allow customers to book using Bitcoin, such as Expedia, CheapAir, Alternative Airlines, and Destinia.
One of the biggest purchases you can make with your cryptocurrency is real estate, and, thankfully, there is a range of options. Using crypto is especially useful for buying and selling properties abroad as it makes international transitions faster and cheaper. Not only does purchasing with crypto allow you to consolidate your profits, but it also gives you more negotiating power, similar to purchasing real estate with cash. Some agencies that accept crypto payments include Crypto Real Estate, Gafisa, and Bithome. Although there are a handful of sellers willing to accept crypto payments, be prepared to have fewer options than with traditional forms of payment.
Food is a smaller, yet more frequent, purchase that many users around the world can make with their crypto. Although it may vary between different countries, restaurants that accept cryptocurrency payments include Starbucks, Burger King, and Pizza Hut. The popular sandwich restaurant, Subway, was one of the first food-based businesses to accept crypto and began processing cryptocurrency payments all the way back in 2013.
If you’d rather eat your food in the comfort of your own home, then you’re in luck! Now, more food delivery services such as Takeaway allow users to pay with Bitcoin and other popular cryptocurrencies. Finally, if you’re willing to travel all the way to the Czech Republic, then you can check out Bitcoin Coffee in Prague, a coffee shop that is one of the first in the world to only accept Bitcoin as a form of payment!
A selection of forward-thinking software platforms also allows users to buy various software using crypto. The most notable example is the technology giant, Microsoft. Microsoft lets its users buy games and applications with Bitcoin through its online store. This includes Microsoft 365 software (Word, Excel, Powerpoint, OneNote, OneDrive, Outlook), developer tools, and even gift cards.
More small purchases you can make with your crypto are your clothes as many clothing brands are beginning to open their doors to crypto payments. If you’re eager to start filling your wardrobe with items purchased with cryptocurrency, then you can head to popular online clothing, accessory, and shoe stores such as Nike, H&M, Etsy, Aeropostale, and ASOS.
If you’re interested in high fashion, you’ll be pleased to discover that various designer fashion brands also accept crypto payments. This includes Gucci, Balenciaga, TAG Heuer, Calvin Klein, and Off-White.
If you want to use your crypto assets to buy precious metals such as gold and silver, then there are plenty of options for you. Various online websites allow traders to purchase precious metals such as Moro, APMEX, OneGold, JM Bullion, GoldSilver, Sharps Pixley, and treasure island coins. Most of these dealers partner with BitPay, which means you can purchase your precious metals directly through the processor with your cryptocurrency.
If you want to spread some crypto cheer and support a good cause, then why not donate some of your cryptocurrency assets? Donating with crypto rather than traditional forms of payment means that more of your contribution goes directly to your chosen charity rather than being used for payment processing fees.
Plenty of nonprofits accept various coins, such as Bitcoins, as a form of donation. This includes Wikipedia, the Albert Einstein College of Medicine, Amazon Watch, Code.org, Electronic Frontier Foundation, Mozilla Foundation, and Project Veritas. However, please note that some of these charities require the purchase of gift cards through crypto payment processors.
The Bottom Line
Overall, it’s safe to say that there is no shortage of things to buy with cryptocurrency. Although most businesses are hesitant to begin accepting crypto as a form of payment, every year, more and more begin to explore it as an option. With well-known brands such as Microsoft, Twitch, and Tesla accepting popular crypto such as Bitcoin, smaller businesses will soon start joining in on the action. After all, using crypto over traditional payment methods can benefit both customers and companies as it can facilitate faster translation times, lower-cost fees, and easier international transfers!