It seems like Bitcoin is more popular than ever. In 2020, there are more than 2 million Bitcoin transactions, in any given week. It seems that most people consider Bitcoin an asset. An investment they’ll be able to sell at the right time and make “real money.”
The only problem is that Bitcoin is also real money.
It now has real value. And we’re not talking about items that have equivalent value to one Bitcoin either, we’re actually talking about real-life items and services you can now purchase with the cryptocurrency.
You can now buy several different goods and services using Bitcoin and we’re going to show you some of the most interesting ones. But before we get into it, let’s freshen up your Bitcoin knowledge.
Benefits of Bitcoin Purchases
Is there an actual reason why someone would want to pay for their goods and services in BTC? Maybe it’s just a fad? Is it safe to use Bitcoin in such a way? These are some of the questions on everyone’s mind when you mention Bitcoin payments.
The reality is, there are numerous advantages to using Bitcoin for payments. Some of them are:
- Considerably lower fees
- Eliminating the middle-man
- Lightning-fast transactions
- Higher protection levels
- Complete anonymity
Those are some of the benefits from the customer’s point of view. Merchants also have smaller fees, quicker transactions, and more flexibility. They also have a chance to attract a certain demographic that values their anonymity more than anything.
If any of this sounds appealing, you’re probably wondering where can you buy Bitcoin and try everything out for yourself.
Where Can You Buy Bitcoin Online?
To an average person, understanding the concept of Bitcoin is hard enough, purchasing and using it to buy goods is almost unfathomable. However, Bitcoin is in such demand that fast exchange services are simply a must.
That means buying and using Bitcoin is now easier than ever.
Your best option is to use a service like NordikCoin if you want to speed up the process as much as possible. NordikCoin allows you to set up an account, purchase the amount of Bitcoin you want, and store them securely until you want to use them.
Every account comes with a free Bitcoin wallet and a private key. The key is there to confirm your identity and prevent any hacker from altering your transaction. All the communication on the network is encrypted, which keeps your sensitive data away from hackers and other cybercriminals.
Four Things You Can Buy Using Bitcoin
With all of that in mind, we can finally talk about the topic of the day: what exactly can you buy using Bitcoins nowadays? Without further ado, let’s dive right in.
1. Precious Metals: Purchase Silver and Gold
There are dozens of companies out there selling silver and gold bars for Bitcoin. You have successful companies APMEX, Gram Gold, and JM Bullion, and that’s just the tip of the iceberg. There more and more of these kinds of companies every day.
Some of them even have their crypto coins as well. The aforementioned Gram Gold has a coin of its own, which can be purchased on multiple Bitcoin exchanges across the web. Some of the companies also offer custodial services to their clients.
In addition to buying precious metals, there are also online jewelry stores, which allow their clients to make purchases with Bitcoin. Mervis Diamond Importers allow their customers to safely buy gold, silver, and diamond and convert their crypto assets into hard ones.
2. Real Estate: Buy Property and Land
Speaking of luxury purchases, real estate is another industry that’s fully on-board with cryptocurrencies. Recently, a number of realtors started accepting direct Bitcoin payments. There are even Bitcoin-themed, real estate companies out there, like obviously- named, Bitcoin Real Estate.
The website helps the clients put their homes on the market and sell them for Bitcoin. As CNBC reports, there’s been a growing demand for Bitcoin payments in the real estate industry as of late. That’s because Millennials and Gen-Z-ers are starting to invest their money in real estate.
3. Travel: Book Accommodations and Tickets
The travel industry is one of the fastest-growing business sectors on the globe. It’s also one of the most innovative ones. Major websites like CheapAir and Expedia accept Bitcoin payments for hotels, motels, and trips. CheapAir even has a dedicated server for Bitcoin users.
Besides booking, you can also pay for your flight in many cryptocurrencies. Last year, the UK-based Alternative Airlines has partnered with Swiss digital payment company, Utrust to create the first website that would allow people to pay for their flights in cryptocurrencies.
As Joeri Cant writes for Coin Telegraph, the collaboration between the two companies now allows travelers to look up over 650 airline services and pay with Bitcoin for their services. For now, the company accepts payments in Bitcoin, Ethereum, and DigiByte, to name a few.
4. Gaming: Play and Upgrade Games
Throughout history, the gaming industry has always been high on new, cutting-edge technologies. Remember the VR craze of the late ’80s and early ’90s? So it’s not a huge surprise that the industry would spawn companies that accept payments and micropayments in crypto.
The most famous example of crypto-use in the gaming industry is “Satoshi’s Place” a billboard, which allows users to buy a certain amount of pixels in the smallest unit of Bitcoin, called a satoshi. Another famous example is BitQuest, the first server that accepts Bitcoin payments.
Where Do We Go from Here?
Despite what some news outlets would like you to think, BTC isn’t going anywhere. Don’t believe us? Just consider this: in the past 12 months, big chains like Starbucks, Nordstrom, and Whole Foods have started accepting crypto payments.
It’s just a matter of time before other large corporations follow suit. And it’s not just the US, the rest of the world is also in on it. Countries like Malta, Switzerland, and Slovenia are all crypto-friendly and house multiple establishments that accept Bitcoin.
We hope you enjoyed our article and found it helpful. What are some of your experiences with crypto? Have you ever used BTC? Share your experiences with the rest of us in the comment section below.
Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.