Most Asked & Trending Question What Can You Buy With Bitcoin?

With huge enterprises and banks investing in Bitcoin, people are gaining confidence to buy it. Bitcoin has risen to be in trend and many sectors are accepting it as a new payment mode. In May 2018, a programmer paid 10,000 bitcoin to purchase a pizza worth $30. In records that was the first product ever bought with Bitcoin. And that was also the costliest pizza bought.

Things you can buy with Bitcoin

• Travel and Tourism

Tourism is a very popular industry with a huge turn over every year. To gain more popularity, some companies have introduced this new trend. Travel bookings can be made using btc.

Online hotel bookings are easier now. Airlines have also taken a step ahead to accept Bitcoin payments for ticket bookings. There are also talks of accepting btc for booking seats to space voyage.

• Food and drinks

There are specific applications for ordering pizza through bitcoin. You need to enter your current location and the application will show the nearby pizza places. Then place the order and pay from your bitcoin wallet.

• Games and Entertainment

Did you know that Microsoft’s Xbox store and Windows Store have started accepting Bitcoins for their games and movies? You can transfer Bitcoin to your Microsoft account and pay with it when you purchase something there. But be careful not to deposit any extra amount than you need in your Microsoft account as the bitcoins are not refundable.

• Shopping

It is very uplifting to see how many shops and brands have accepted cryptocurrency, which was considered a scam until a few years ago, as a new method of payment. Etsy, an e-commerce platform whose sellers are spread across the globe, has allowed them to accept bitcoin payments.

Blockonomics have worked with WordPress to integrate bitcoin payments on the website. People who have the website built on WordPress can opt to pay through Bitcoin by mentioning their respective plugin.

• Miscellaneous Payments

Dish, which provides satellite TV and internet service, had started accepting this payment mode in 2014. In real estate companies it possible for people to buy and sell properties using cryptocurrencies. Even you can do good deeds using digital currency. Binance Charity Foundation allows people to donate in Bitcoins. It is considered a trusted way as the blockchain technology records every transaction in a transparent space, which cannot be altered. Donors get to see where the charity goes.

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How to use Bitcoin

Step 1: Download any BTC wallet

Without a bitcoin wallet, you won’t be able to send or receive bitcoins. As BTC balances are spread over one or more Bitcoin addresses, it becomes difficult to keep track. Wallets maintain a record of your transactions and the balance.

Step 2: Add your Bitcoins to the wallet

You can directly buy Btc through the wallet mobile app or buy them through an exchange and store it in your wallet. Never share your wallet’s private key with anyone.

Step 3: Use the wallet to send and receive Bitcoins

To send bitcoins :

1. You need to copy the receiver’s public BTC address. You can also scan their QR code.

2. Go to the “Send” feature in your wallet and paste the receiver’s address there.

3. Enter the amount you want to send.

4. Confirm and send.

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BTC have finally reached a stage where it is becoming globally accepted as a method of payment. It is not long before it becomes a mainstream method. For now, you can make Bitcoin transactions to purchase something as minimal as a pizza or something serious like properties. If you do not want to make a huge commitment to Bitcoin, you can purchase it in fractions. It is an asset which you will be holding.