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When most people start looking into Bitcoin as an alternative currency, one of the first questions they ask is — where can you spend bitcoins? Well the simple answer is that you can use Bitcoin for anywhere, for all of your shopping — including picking up groceries from your local mini-market.
Shops do not need to accept Bitcoin directly as an increasing number do for you to be able to use your coins with them, as long as you have taken a few moment in advance to be prepared. In this article you will find four different ways to spend your coins pretty much anywhere. Each method has its own advantages and disadvantages which I will try to make clear, but you should also do your own research to choose the method which suits you the best. Advantages : This is the easiest and most flexible method for spending your coins in physical stores around the world.
You can use them in any store which accepts regular credit or debit cards. Disadvantages : There are fees to pay, and some services require you to convert your coins to fiat in advance of making a payment. ANXBTC — With relatively low fees, a range of global currencies and the ability to use your card at over 25 million ATMs worldwide as well as most retail stores, this card is well worth taking a look at.
BIT-X — With most of these debit cards you need to spend your Bitcoin in advance, to purchase a pre-paid balance in fiat. So they are really very similar to ordinary pre-paid debit cards, except that you can buy them using Bitoin. BIT-X is different — it will convert exactly the right amount of Bitcoin into fiat for each purchase, allowing you to keep your money in BTC until the moment when you spend it in any store or exchange it to withdraw fiat at any ATM. You can find more options in our post Reviews of Bitcoin Debit Cards.
Advantages: You can Bitcoin cashback on your shopping through this method, and you may also be able to get discounts. Obviously they make good gifts too. Disadvantages : You can usually only spend gift cards in a specific store, and you need to purchase them in advance — committing yourself to spending a certain amount of money with that retailer.
Gift Off : For shoppers in the United Kingdom UK Gift Off offers the ability to purchase gift cards from nearly retailers using a wide range of digital currencies including Bitcoin. Disadvantages : Only works for making purchases at a limited range of internet retailers, and it can take a lot longer to complete a purchase than it normally would.
Purse : Buy anything from Amazon. It works by matching people who have gift cards that they do not want with people who want to use Bitcoin to buy something from Amazon. Buyers get a nice discount on their shopping, whilst sellers get to offload their unspent gift cards in return for BTC. This is less well-known and seems a little less transparent compared with Purse, but works with a much bigger range of stores. You can always spend bitcoin for your private pleasure. Buy naked photos on Bitnudes.
Your wife will never know as the process is completely anonymous. The platform has a large variety of gift cards from top brands in different categories, merchants can be found in every area such as restaurants, gaming, entertainment, fashion, jewelry and more. GiftOff contrary to the two other above accepts also a variety of other payment methods, such as Visa, Mastercard, American Express, and cryptos like Bitcoin Cash, Ethereum and of course Bitcoin. However, they do not support lighting payments.
The platform also lets users earn loyalty points from most purchases which users can then save towards future purchases. Start gathering GiftOff loyalty points! However, this article is about gift cards, which this platform also delivers well, although only 19 countries are supported at the moment. The service works quite differently than the stores above, the most noticeable change is that everything works through the phone app, and you have a limit of USD for gift card purchases per day.
The gift cards are then delivered instantly on the app. To start using the app, you will simply register using your email, and phone number, from where the verification process must be completed. Purchasing gift cards with Bitcoin is a great way to make the best of cryptocurrencies, not only can you spend your Bitcoins everywhere you want, but you can also save yourself from a lot of trouble by not having to reveal your precious identity when shopping.
Meaning you can actually live off on Bitcoin anonymously using gift cards. Alternatively, if you have extra gift cards, you can also use them to purchase cryptocurrencies in a variety of different peer to peer exchanges. Your email address will not be published. January 8, Trading by BitShills. Did you know you can buy gift cards using Bitcoin and live on Cryptocurrencies?
Buying gift cards using bitcoin and other cryptocurrencies goes like this: Choose which gift cards you wish to purchase, and add them to your shopping cart. Select which cryptocurrency you wish to use. Send Bitcoins or other cryptos depending on which store you use either by scanning the QR code using your phone or by copying the address in your wallet. Best services to buy gift cards with Bitcoin Lets now look at some of our most recommended services when shopping for gift cards.
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Feb 1, - Ever wondered what you can spend your cryptocurrency on? Cointelegraph unpacks some of the most outrageous things you can buy with crypto. For me, I do not buy anything with my crypto and prefer trading or long-term preservation, but if you want to buy something. The reason is that the world is a total crap nowadays things that never happen can You have no guarantee in Bitcoin like you have for your money in.