It’s easier to pull down than to build, and to spend than to save up. If bitcoins are not a long-term investment for you, but rather a fast way to earn money, then it’s highly likely that you have already asked yourself: “How and where can I spend the cryptocurrency I mined?”
To answer that - the easiest way to spend your cryptocoins is not to spend the coins themselves, but to exchange your virtual assets to fiat currency, e.g. using good old ATM machines (you can find the nearest ones using this link), or by ordering a special card which will convert your funds.
Currently, there is a number of debit cards that you can easily top up by transferring funds from your bitcoin wallet, and this method of spending your bitcoins can rightly be called the most convenient one.
The main advantage of these cards is that they give their owners a real opportunity to make purchases anywhere where the more traditional VISA and MasterCard are accepted. For example, Cryptopay is already offering their own cards, and is also planning to launch an updated and more convenient credit and debit card system by the end of the second quarter of 2018.
The advantages of Cryptopay’s new cards include high processing speed when purchasing bitcoins and full protection of one’s cryptoassets (Cryptopay uses highly secure wallets and keeps your bitcoins in cold storage until you decide to spend them). The short time it takes to transfer BTC to your personal bank account, with a minimum transfer fee of just 0.09 EUR, is also a big plus.
In case you are an advocate for spending bitcoins in their natural state, we can offer you a list of services, goods, places and companies that accept cryptocurrency as a method of payment, at the time of writing this article (June 2018).
- Amazon.com, or more specifically, indirect purchases on the website, e.g. via Purse.io service, by means of which you can purchase any product on Amazon using Bitcoins. The principle of work is simple: the service brings together people that wish to purchase something using bitcoins with people that wish to buy bitcoins themselves and are willing to make a purchase in the website’s store. Such services allow one to receive a significant discount, but can only be used at a limited number of stores, and making a purchase could take significantly longer when compared to making a direct order. However, it is quite possible that Amazon will start accepting bitcoin directly in the future, as talks on the subject have been ongoing since the beginning of the year.
- Gift cards - Gyft and eGifter services will allow you to purchase gift cards using bitcoins, which could later be spent at one of the retailers that cooperatу with these services.
- Online auction purchases, e.g. on eBay.
- Travel opportunities and airline tickets via Expedia, CheapAir, Surf Air and airBaltic.
- Apps, movies and music at Microsoft Store.
- Albums from selected artists, such as Björk and Imogen Heep.
- Charity - cryptocurrency donations could be made directly to Heifer International and Autism Speaks, or via websites such as BitHope, BitGive or Fidelity Charitable.
- Various offline-stores - you can find the closest ones on websites such as SpendBitcoins and CoinMap.
- Beauty treatment - Manhattan based plastic surgery clinic bodySCULP will happily accept your cryptocurrency.
- Food - fast food chains like KFC, Domino’s Pizza and SubWay; Burger King in the Netherlands.
- Anything your heart desired in the Land of the Rising Sun - Japan became the first country in the world that recognized bitcoin as an official means of payment.
Special offers for bitcoin Millionaires:
- An island via Private Island Inc.
- Space travel with Virgin Galactic.
- Gold ingots via Sharps Pixley, APMEX and JM Bullion.