What Can You Buy with Bitcoin?

What Can You Buy With Bitcoin?

What Can You Buy With Bitcoin?

Even in the context of emerging technologies, the cryptocurrency market still carries the mystery, or, as some may argue, the stigma of uncharted waters. And when it comes to cryptocurrency trading, the flagship of the intricate blockchain technology which makes it all possible is certainly Bitcoin.

If you are new to the topic, you might be asking yourself, “Bitcoin, huh? Yeah… But what can you buy with Bitcoin? What can you use it for?” Well, depending on who you ask, the answers may range from “Absolutely nothing!” to “For investments, easier international transfers, accessing all the goods and services conventional money can buy, and so much more!”

What Can You Buy with Bitcoin? | Background

To touch upon the first point, if you’re anything like the majority of people vaguely familiar with the terms blockchain technology, cryptocurrency exchange and, most importantly, Bitcoin, the only thing you probably know is that, had you taken the risk when you first heard of it to buy Bitcoin with PayPal or, more conventionally, to buy Bitcoin with credit card, you would be filthy rich by now. In less crude terms, your cryptocurrency wallet would be very deep and very valuable. But what it also illustrates is that Bitcoin is on the rise, and while you may have been thinking that you’ve probably missed the train as it left the station, there are still some free places left for those who see the potential and are willing to make the leap.

What Can You Buy with Bitcoin? | Compared to Other Investments

So let’s assume you decide to give it a shot. You set aside a certain sum and buy Bitcoin from PayPal. Of course, you can also buy bitcoin with debit card, if you’re feeling iffy about that. What is next? And, more importantly, why bother?

Well, for starters, investing in Bitcoin is not the same as investing in gold or betting on the prices of pork bellies, frozen orange juice and gold. Maybe investing in old coins and vintage baseball cards is more your thing. But, as valuable as those items can be, you can only trade them for other similar items, usually at your detriment, or exchange them for money. When it comes to this cryptocurrency, on the other hand, even if for now its main purpose are investments, cryptocurrency exchange and cryptocurrency trading, there are actual things you can buy with Bitcoin and service providers that accept Bitcoin payments.

A word of caution, though. The cryptocurrency exchange can be very volatile, with cryptocurrency prices rising and falling pretty drastically within a short timeframe. So you may want to hold on to your cryptocurrency wallet a little while longer. Who knows, goods and services may soon become available that you can only buy with Bitcoin, and in some cases, you may come across an offer you can’t refuse.

Bitcoin ATM

Bitcoin ATM

What Can You Buy with Bitcoin? | Limited Options

In order to make the information more accessible to those who are new to cryptocurrency trading, instead of splitting the things you can empty your cryptocurrency wallet on according to the type of goods and services provided, we have organized the things you can buy according to the places, settings and companies that accept Bitcoin payments. To be perfectly honest, the problem is not in the lack of goods and services that exist and are open towards the cryptocurrency market, but rather the limited number and the limited distribution of various providers of these services.

In other words, it doesn’t matter whether you buy Bitcoin with credit card or you buy Bitcoin with debit card or even if you buy Bitcoin from PayPal, all of which are widely recognized and widely accepted forms of payment, if the alternative you’re opting into offers very slim options.

That’s what we’re here for: to show you the options that you do have.

If you make the decision to go for it and, say, buy Bitcoin with PayPal, you can spend it either online or when you’re already on location.

What Can You Buy with Bitcoin? | Online Goods and Services

The online options include:

-Microsoft software.

-Products from Dell.

-Goods from (primarily online) retailers including TigerDirect, Showroomprive.com, Newegg, Overstock, Monoprix.

-Airline tickets from companies including Air Lituanica, BTCTrip, CheapAir.com and others.

-Other services through intermediary online companies that connect costumers that prefer Bitcoin payments with restaurants, for example. Prominent names include Bitcoinrestaurants.net and ForCoinsLLC with their PizzaForCoins project.

Bitcoin House For Sale

Bitcoin House For Sale

What Can You Buy with Bitcoin? | Pay with Bitcoin on the Spot

Physical locations and stores that accept Bitcoin include:

– Sacramento Kings NBA franchise.

– UK-based technology retailer CeX.

– REEDS Jewelers from the USA.

– Also, currently in development, a private hospital based in Poland, owned by Medicover Group.

The market is still growing while the companies and interested parties adopt the infrastructure. The one thing that looks promising, however, is the fact that the cryptocurrency market has made a growing number of producers of high-end, luxury goods and services interested in blockchain technology and cryptocurrency trading. The biggest news is that the Aston Plaza and Residences in Dubai will accept Bitcoin as payment for their new luxury apartments.

Feeling better about those jacked up cryptocurrency prices yet?

What Can You Buy with Bitcoin? | Conclusion

In summary, while the question “What can you buy with Bitcoin?” may be the first one to spring to mind after “What is Bitcoin?”, it is important to remember that, at least for the time being, Bitcoin remains more of a long-term investment than a legal tender, i.e. a medium of exchange.

But heeding the new developments in economic policy worldwide, especially with the news about Sweden planning to drop cash entirely in the foreseeable future, it is not a bold statement to say that other countries will soon follow suit and that Bitcoin payments may become the new gold standard of the future.

If you decide to give Bitcoin a shot, where now there are only a few things you can buy, expect the number to grow exponentially. You can print that statement, frame it and buy it with Bitcoin. We guarantee you, when it comes to Bitcoin payments, we’re 100% on the money.

Author's overall rating:
Author: Ben Prescott

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