What can you buy with bitcoins? Turns out quite a lot. You can use bitcoins to purchase goods and services online or trade them for other currencies. Some businesses even accept them as payment.
Here’s a closer look at how you can use bitcoins.
How to Buy With Bitcoin
To make a purchase with bitcoin, first, you’ll need to set up a digital wallet. This is where your bitcoins will be stored. You can use many mobile and desktop bitcoin wallets, such as Coinbase Wallet, Exodus, and Mycelium.
However, before spending bitcoins, you need to buy them from a crypto exchange platform (like Kraken, Coinbase, or Bitfinex). All you have to do is provide your bitcoin wallet address. The transaction will be completed in minutes once everything is confirmed.
Here is how to spend bitcoin in a few steps: to make a purchase using bitcoin, copy the retailer’s bitcoin address. Then, go to your wallet, paste the address into the appropriate field, enter the accurate number of bitcoins into the payment box, and hit ‘send.’
In addition, you have the option to use a crypto debit card. These types of cards come preloaded with your selected cryptocurrency. So, even though you’re spending crypto, the retailer will receive fiat money as payment.
What Can You Buy With Bitcoin?
You can use bitcoins for purchasing goods and services, such as:
You can use bitcoin to buy or sell a property. However, you can’t use cryptocurrencies as collateral for a mortgage.
On the other hand, if you want to sell your house for bitcoin, look for a real estate company that uses cryptocurrency to make deals.
Many companies specialize in helping people buy homes with bitcoin. These include:
- Magnum Real Estate
- Glen Oaks Escrow
- Real Estate Maximums
- Kuper Sotheby’s International Realty
Food and Dining
You’ll find many restaurants and physical stores that accept bitcoin, such as:
- Burger King
- Pizza Hut
- La Sirene
You can use bitcoin to pay for meals in two ways — buy delivery service gift cards with bitcoin or make direct payments to restaurants and delivery services that accept bitcoin.
Did you know that you can buy a movie ticket using bitcoin? Cinema chains that accept bitcoin payments include:
- AMC Theaters
- Lionsgate films
- Major Cineplex
- Cine Multi
- London Theatre Direct
- Regal Cinema
The process is straightforward. For example, if you’re using AMC, all you need to do is select BitPay as your payment method with the AMC mobile app. Afterwards, simply connect your crypto wallet or enter the address where you can send your bitcoins.
Another thing you can start buying with bitcoins is cars. Car dealerships that accept bitcoin payments include:
- Bob Moore Auto Group
- Post Oak Motor Cars
- Motorcars of Atlanta
The process of buying a car with bitcoin is not much different than if you were to use cash or a credit card for car shopping.
Instead of using cash, you log into your crypto wallet and transfer the funds as tokens.
Thinking of buying a Tesla? Unfortunately, Tesla won’t accept bitcoin as a payment method. That’s one of the differences between bitcoin and Dogecoin — you can buy a Tesla with the latter.
Video games are one of the most popular things people spend their bitcoins on. To purchase video games with bitcoin, you can use your bitcoins to buy gaming gift cards or directly buy games from companies accepting BTC payments.
You can also purchase in-game items such as game credits, subscriptions, or levels.
The following gaming companies accept bitcoin:
- PlayStation Network
- Big Fish Games
- Green Man Gaming
Companies that accept bitcoin as payment for gold include:
- American Bullion
- Provident Metals
- Sharps Pixley
If you’re wondering how to buy gold with bitcoin, it’s easy. Just add the type and amount of coin/gold bar that you want into your shopping cart. From there, select ‘Bitcoin’ as the payment method, go to checkout, and fill in your address.
You’ll then be taken to the BitPay checkout page, where you can finish your purchase by scanning the QR code (Scan) or sending a payment (Copy).
Software and Web Services
There are many software and web-based services that you can buy using bitcoin, such as VPNs (Nord VPN, ExpressVPN, CyberGhost) and Webhosting (Hostinger, HostWinds, Gandi).
Planning your next trip? Many airlines are accepting crypto payments, such as:
- Alternative Airlines
To pay for your flight ticket with bitcoin, select the option to pay with cryptocurrency when you’re checking out. Then, enter your wallet information and confirm the transaction.
Book Hotel Rooms
In addition to booking a flight, bitcoins can be used to book a hotel room. Hotels that accept bitcoin payments include:
- Sri Panwa Phuket
- The Pavilions Hotels & Resorts
- Hotels & Resorts
- The Chedi Andermatt
- The Kessler Collection
- Dolder Grand Hotel
- Sandman Hotel Group
So, how to spend bitcoins on hotel rooms? Select BTC as your payment method and hit the Complete Reservation button. Put the generated address into your bitcoin wallet by scanning the provided QR code or copying the text, and hit the Payment sent button.
Although the majority of insurance companies request payment in fiat, there’s an increasing number of providers that will let you pay using cryptocurrency. These providers offer a broad spectrum of insurance programs, such as auto, health, and personal liability.
The following insurance companies accept bitcoin payments:
- AXA Switzerland
- Premier Shield Insurance
- Atupri Health
- Universal Fire & Casualty Insurance Co.
Other Ways You Can Use Bitcoin
What you can do with bitcoin, in addition to the examples mentioned above, is:
Pay for Education
Universities worldwide are embracing bitcoin at a fast rate, and a couple of colleges even started educating students about blockchain technology and cryptocurrencies.
Here’s a list of colleges that accept BTC payments:
- King’s College (New York)
- UC Berkeley (California)
- University of Pennsylvania
- University of Nicosia (Cyprus)
- Financia Business School (France)
- European School of Management and Technology (Germany)
- Innovation and Entrepreneur Business School (Spain)
- University of Applied Sciences and Art (Switzerland)
- The University of Cumbria (UK)
- FPT University (Vietnam)
Donate to Charities
One of the noblest ways to spend your bitcoins is to donate to charities. So, what companies accept bitcoin donations?
- UNICEF CryptoFund
- The Electronic Freedom Foundation (EFF)
- Rainforest Foundation
- The Royal National Lifeboat Institution (RNLI)
- The Giving Block
- Tor Project
- Save the Children
Invest in Stocks and Other Securities
While it may surprise you, you can use your bitcoins to invest in stocks and other securities. Many crypto-friendly banks offer crypto investing services.
Now you know the most popular online stores that accept bitcoin, and how to buy and use BTCs to book hotels and flights, get movie tickets, or purchase a car.
But before you do that, always double-check the payment details before confirming any transaction. Furthermore, we advise you to use only well-established and reputable platforms (such as the ones on our list) to avoid scams.
Who accepts bitcoin as payment?
Popular companies that accept BTC payments are:
- AMC Theaters
- Alternative Airlines
To find out if a company accepts bitcoin, check their website or contact customer support.
Can you actually buy anything with bitcoin?
Yes, you can get a variety of goods and services using bitcoin. Just make sure that the seller accepts bitcoin payments.
To use bitcoin to buy something, select the option to pay with cryptocurrency when you’re checking out. Then, enter your wallet information and confirm the transaction.
What can Bitcoins be used to buy?
Some of the things you can buy with bitcoins include flights, hotel rooms, insurance policies, food, and movie tickets.
You can also use bitcoins to pay for your education at various colleges and universities worldwide. Schools that accept bitcoin payments in the US include King’s College, UC Berkeley, and the University of Pennsylvania.
What can you buy with bitcoins besides goods and services? For example, you can use bitcoins to invest in stocks and other securities. Furthermore, you can donate to charities that accept bitcoin payments.