Cryptocurrencies such as Bitcoin are becoming more popular over time. While most companies were originally very tentative about accepting cryptocurrencies, their success has led many companies to experiment with crypto at one time or another. This is good news for anyone that has been in the market for a while.
Bitcoin can prove to be a gamble, but that gamble has paid off for many early adopters, so there is potential for a major windfall for those who invest intelligently. When considering this kind of investment, you can use the YTD on your paycheck to continue to track your earnings in your nation’s native currency, YTD meaning “Year To Date,” a measurement of your earnings for the entirety of the year so far, including the current paycheck. For those who want to spend the Bitcoin they have earned, the following is a list of 10 ways to spend your Bitcoins.
1. Gift Cards
While you may not be able to buy directly from big retailers like Walmart or Target yet, you can use your digital currency to purchase gift cards through apps such as Gyft. They don’t charge any extra fees and ensure secure transactions.
2. Home Goods
Overstock.com will let you make online purchases using Bitcoin through Coinbase. If you need goods like patio furniture, vacuum cleaners, rugs, and have bitcoins to spend, Overstock is the place to shop. They also carry more general retail goods such as clothes and technology.
While KFC and Subway both had limited-time offers where you could purchase food with bitcoins (an exciting but short-lived offer in KFC’s case), some restaurants still accept Bitcoin. Most are pizza joints, so hopefully, you enjoy pizza. Some prime examples include Helen’s Pizza in Jersey City, NJ or PizzaforCoins.com which will let you purchase pizzas with Bitcoin through other vendors.
4. Real Estate
It is totally possible to buy real estate with Bitcoin. However, there are some caveats. While you may be the most willing participant in the purchase, you have to make sure that both the buyer and the company managing the purchase are comfortable with it. The seller has to want to receive your exact cryptocurrency, and the companies handling the cryptocurrency must be competent in the digital currency. As long as you have those two requirements filled, feel free to start browsing for a new home anywhere you feel would be a worthwhile investment.
While you can buy Rx Prescription drugs with Bitcoin and other cryptocurrencies online, make sure you do your research. There have been several reported online pharmacy scams since the invention of cryptocurrency, so spend some time confirming that the company you’re purchasing for actually exists and has a good rep.
Subaru dealers in Oklahoma will accept Bitcoin for cars, which is a huge step towards other dealerships picking up Bitcoin as well. It’s basically on a case-by-case basis at this point, so you’ll need to contact the dealer you plan on buying with first. If you’re purchasing a car from its previous owner, you could easily pay with Bitcoin so long as they agree to it.
7. Luxury Goods
The White Company boasts a wide array of luxury goods that can be bought with cryptocurrency and delivered anonymously. You can purchase luxury cars, watches, or artwork. Basically everything you could ever want if you’re looking to develop a luxe lifestyle.
8. A Casket
This is no joke, if you would like to purchase a casket with Bitcoin, it’s totally possible. Research Crescent Tide Funeral and Cremation Services in St. Paul, Minnesota if you’re interested.
9. Taxi Rides
This isn’t revolutionary since taxis have accepted Bitcoin since 2013 and many people are opting for rideshare anyway, but taxi agencies and airport transport companies currently accept cryptocurrencies. Most frequently, they accept Bitcoin.
10. Airplane Tickets and Hotel Bookings
If you’ve ever wanted to travel and own very little in any currency but cryptocurrency now’s your chance.Cheapair.com and Destinia.com both accept cryptocurrency payments in exchange for either airline tickets or hotel bookings. Expedia only offers hotel bookings for Bitcoin.
It’s totally understandable if you prefer to hang on to your cryptocurrency if you’re in it for the investment value, but if you want to spend there are plenty of opportunities. Considering the massive gains cryptocurrencies such as Bitcoin have experienced since getting started, it wouldn’t be surprising if you had a little extra to enjoy. Spend it however you want.
Paisley is a freelance writer. She loves writing about Health, finance, and creativity. When she’s not writing, she can be found reading a book or hitting the gym.