What Can You Buy With Bitcoin?
Bitcoin is more than just an investment—it’s a global payment method. But what can you buy with Bitcoin today? From everyday essentials to luxury items, you can use Bitcoin to purchase a wide range of products and services. Major companies, online stores, and even local businesses now accept Bitcoin as payment. You can buy electronics, book flights, pay for subscriptions, and even purchase real estate with cryptocurrency.
Let’s explore how and where you can spend your Bitcoin.
Can You Actually Buy Anything with Bitcoin?
Yes, you can buy many products and services with Bitcoin. There are some companies that accept Bitcoin directly, while others use payment processors like BitPay, OpenNode, or Changelly. Here’s what you can buy with BTC:
- Electronics: Newegg, Microsoft
- Gift cards: Bitrefill, Fold
- Flights and hotels: Travala, Expedia
- Real estate: Propy, Pacaso
- Luxury goods: BitDials
- Sports teams: Dallas Mavericks or Miami Dolphins
You can also pay for VPN services like ExpressVPN, and register domains with Namecheap. Even platforms like PayPal allow Bitcoin transactions for goods and services.
Now, let’s explore these and more categories in detail and show you where you can spend your Bitcoin.
Cars
You can buy vehicles using Bitcoin through various platforms:
- BitCars: Specializes in luxury vehicles, offering brands like Tesla, Lamborghini, and Porsche.
- CryptoAutos: Previously known as AutoCoinCars, this service provides a marketplace for new and used cars, accepting Bitcoin as payment.
- Tesla: Previously accepted Bitcoin for vehicle purchases and may resume this option in the future.
These platforms enable you to purchase both new and pre-owned vehicles using Bitcoin.
Technology and E-commerce Products
Bitcoin is accepted by several major retailers for tech gadgets and online shopping:
- Microsoft: Allows you to add Bitcoin to your Microsoft account to purchase apps, games, and other digital content.
- Newegg: An online retailer where you can buy computer hardware and consumer electronics using Bitcoin.
- Overstock: Offers a wide range of products, including furniture and electronics, and accepts Bitcoin payments. Although there were rumours that the company no longer accepted crypto payments, they were false.
These options make it convenient to use Bitcoin for various technology and e-commerce purchases.
News Media
Some media outlets have begun accepting Bitcoin for subscriptions:
- TIME Magazine: One of the most famous and reputable media platforms, TIME offers digital subscriptions payable with Bitcoin.
- Chicago Sun-Times: Accepts Bitcoin payments for online news subscriptions.
There are also many independent media platforms that accept Bitcoin and other cryptocurrency donations.
Insurance
The insurance industry is gradually embracing Bitcoin:
- Metromile: A digital insurance platform that accepts Bitcoin for premium payments.
- Lemonade (via BitPay): Offers renters and pet insurance with the option to pay premiums in Bitcoin through BitPay.
- INGUARD: A US-based digital insurance platform that started accepting Bitcoin payments back in 2013.
Learn how to spot scams and protect your crypto with our free checklist.
Retail and E-commerce
Bitcoin’s acceptance in retail and e-commerce has grown significantly. Several major retailers now accept Bitcoin:
- Shopify: A global e-commerce platform that allows its merchants to accept Bitcoin through integrations.
- Home Depot: The largest home improvement retailer in the U.S., accepting Bitcoin payments via Flexa’s checkout systems.
There are also many independent stores that accept cryptocurrency either directly to their crypto wallet or via services like BitPay and Changelly Pay. Typically, crypto payments end up having the same fees as fiat ones – while you don’t have to pay traditional fees when using BTC or USDT, you will have to pay cryptocurrency transaction fees. USDT TRX20 is one of the best cryptocurrencies to use for payments because of its flat 5 USDT fee on all transactions.
Food and Beverages
The food and beverage industry is also embracing Bitcoin. Some establishments and services accepting Bitcoin include:
- Sheetz: A convenience store chain with over 750 locations, accepting Bitcoin payments.
- PubKey: A bar in Manhattan known for accepting Bitcoin for drinks and food.
- Burger Kin: Some Burger King locations have started accepting Bitcoin as payment.
These options allow you to enjoy food and beverages while paying with Bitcoin.
Some locations might also accept Bitcoin on an individual basis. Typically, places like this have some sort of sticker or banner to signal that they accept crypto payments.
Flights and Hotels
Traveling with Bitcoin has become more accessible. Several platforms enable bookings using cryptocurrency:
- Travala: A travel booking platform that accepts Bitcoin for flights, hotels, and car rentals.
- CheapAir: Allows customers to book flights and hotels using Bitcoin. CheapAir has been allowing customers to spend crypto on its platform since 2013.
- Norwegian Air: Offers flight bookings with Bitcoin payments.
These platforms make it easier to plan your travel using Bitcoin. Many users also prefer using Bitcoin and other cryptocurrencies to pay for flights for their friends and relatives that live in another country, as it reduces the hassle of having to deal with international fiat payments.
High-End Retailers
For high-end purchases, several retailers accept Bitcoin:
- BitDials: Offers luxury watches from brands like Rolex and Patek Philippe, purchasable with Bitcoin.
- Reeds Jewelers: A U.S. jewelry retailer that accepts Bitcoin for a variety of jewelry items.
- Farfetch: One of the world’s biggest online high-end retailers, Farfetch announced that it will accept Bitcoin online in 2022, alongside 5 other cryptocurrencies. It still supports crypto payments.
These retailers make it possible to acquire high-end luxury products using Bitcoin and other digital currency.
Real Estate
Bitcoin can be used to purchase real estate through various platforms:
- Propy: Facilitates real estate transactions using Bitcoin, offering properties worldwide. Propy also has its own Ethereum-based token, PRO, that powers the platform.
- Pacaso: Allows buyers to purchase shares of luxury vacation homes using Bitcoin.
These platforms enable you to invest in real estate using cryptocurrency.
Software and Subscriptions
Many software companies accept Bitcoin for their products and services:
- Microsoft: As we have already mentioned above, Microsoft allows users to add Bitcoin to their accounts to purchase apps, games, and other digital content.
- Namecheap: A domain registrar and hosting company that accepts Bitcoin payments.
- ExpressVPN: A VPN service provider that accepts Bitcoin for subscriptions.
These companies offer digital products and services purchasable with Bitcoin. While we only mention ExpressVPN here, there are many other VPN services that also accept BTC and other cryptocurrencies. Considering the purpose and nature of VPN providers, crypto is a great payment option for customers looking to purchase a subscription or their own server.
Supporting Nonprofits, Charities
Several nonprofit organizations accept Bitcoin donations:
- American Red Cross: Accepts Bitcoin donations to support their humanitarian efforts.
- Save the Children: Allows supporters to donate using Bitcoin.
- The Water Project: Accepts Bitcoin to fund clean water projects in Africa.
Donating Bitcoin and other cryptocurrencies like Ethereum, Bitcoin Cash, etc., provides a great way to support various causes. In many cases, it can help charities and nonprofits to avoid the costs and other issues associated with traditional international payments.
Investment Platforms
Many traditional investment platforms have begun embracing crypto, in particular major cryptocurrencies like Bitcoin and Ethereum.
- Interactive Brokers: A famous online broker that lets its users trade and hold BTC, Bitcoin Cash, Ethereum and Litecoin.
- Robinhood: A beginner-friendly trading platform that also allows its users to invest in BTC and other cryptocurrencies.
There are benefits to using both traditional trading platforms and specialized crypto ones. You should make the final decision based on your personal preferences, interests, and the rest of your portfolio. IBKR and Robinhood can be a great option if you want to also trade stocks and ETFs and keep all your trading on the same platform.
Online Courses and Education
Educational platforms are accepting Bitcoin for course enrollments:
- Live-English: An online platform that accepts Bitcoin as payment for English courses.
- King’s College, New York: One of the 40+ universities that accept Bitcoin or another cryptocurrency as payment. You can see the full list here.
- Student loans: BitPay Bill Pay makes it possible to pay your student loans with crypto.
Streaming Services
Some streaming platforms have begun accepting Bitcoin for subscriptions:
- Twitch: A leading live-streaming platform for gamers and creators, accepting Bitcoin payments.
- Sling TV: Offers live television streaming services with the option to pay using Bitcoin.
These services provide entertainment options accessible through Bitcoin transactions. Many streamers and online creators also use special services or set up their own crypto wallets to accept direct donations in cryptocurrency – a useful option to have, especially when one’s viewership is global.
Gift Cards
Gift cards offer a versatile way to access various products and services using cryptocurrency. True to their name, they also make great presents. Luckily, there are plenty of platforms that let you purchase gift cards with crypto.
- Coinsbee: Offers over 4,000 brands across more than 185 countries, allowing you to buy gift cards, mobile top-ups, and payment cards using Bitcoin and other cryptocurrencies.
- Bitrefill: Provides digital gift cards, eSIMs, and phone refills with Bitcoin or other cryptocurrencies, supporting a wide range of brands.
- Paxful: A peer-to-peer marketplace where you can buy and sell gift cards for Bitcoin, offering a variety of options through user-generated offers.
These digital gift card platforms make it easy to use your cryptocurrency to pay at numerous retailers and services that may not otherwise accept crypto.
Gaming
The gaming industry has embraced Bitcoin for transactions:
- Big Fish Games: Offers game purchases using Bitcoin.
- Gamesplanet: Offers a wide selection of game keys for platforms like Steam, Origin, and Ubisoft Connect, purchasable with Bitcoin.
- G2A: Provides a marketplace for game keys and digital products, accepting Bitcoin through BitPay.
These platforms enhance your gaming experience with Bitcoin transactions.
How Do You Convert Bitcoin to Cash?
Converting Bitcoin to cash is straightforward. Several methods allow you to access traditional currency from your crypto holdings.
Cryptocurrency Exchanges
Centralized exchanges like Coinbase or Changelly make it possible to convert BTC and other crypto assets to cash. You can sell Bitcoin on these platforms and withdraw the funds to your bank account.
Crypto Debit Cards
Crypto debit cards enable you to spend Bitcoin like cash. They link directly to your crypto wallet. When you make a purchase or any bill payments, the card converts Bitcoin into the local currency. For example, the BitPay Card allows you to load Bitcoin and spend it as dollars.
Selling Bitcoin for Precious Metals
Another option is to exchange Bitcoin for precious metals like gold. Platforms such as Bitgild allow you to buy gold and silver with BTC. This method provides users with a tangible asset that can be sold for cash.
Peer-to-Peer Platforms
Peer-to-peer platforms connect buyers and sellers directly. You can sell Bitcoin to individuals and receive payment through various methods, including bank transfers or cash.
Bitcoin ATMs
Bitcoin ATMs allow you to sell Bitcoin for cash on the spot. Locate a Bitcoin ATM, follow the instructions to sell your Bitcoin, and withdraw cash immediately. Be aware that fees can be higher compared to other methods.
Each method offers different benefits. Choose the one that best fits your needs.
FAQ
Are Bitcoin transactions safe and secure for buying goods and services?
Bitcoin transactions are generally secure due to blockchain technology, which ensures transparency and immutability. Each transaction is verified by network nodes through cryptography, reducing the risk of fraud.
However, the irreversible nature of Bitcoin transactions means that, unlike traditional payment methods overseen by a central authority, disputes cannot be mediated once a transaction is confirmed. Therefore, it’s crucial to transact with reputable online stores and service providers. Additionally, using secure wallets and safeguarding private keys are essential practices to maintain security when spending crypto.
What happens if Bitcoin’s value changes after I make a purchase?
Bitcoin is known for its volatility; BTC’s value can fluctuate significantly within short periods. When you make a purchase, the Bitcoin amount is typically converted to the equivalent value in the merchant’s local currency at the time of the transaction. If Bitcoin’s value changes after the purchase, it doesn’t affect that particular transaction.
However, for daily transactions, both buyers and sellers should be aware of potential value changes. Some merchants use payment processors that instantly convert Bitcoin to fiat currency to mitigate the risks associated with volatility.
Are there any extra fees for spending Bitcoin?
The fee amount can vary based on network congestion and the transaction’s priority. Some online stores and web services may also charge additional fees for processing Bitcoin payments, but these are generally lower than credit card processing fees. It’s advisable to review any potential fees before completing a transaction to avoid unexpected costs.
Can I get a refund if I pay with Bitcoin?
Refund policies for Bitcoin purchases depend on the merchant’s terms. Since Bitcoin transactions are irreversible and not managed by a central authority, obtaining a refund requires the merchant’s cooperation. If a refund is issued, it is typically processed as a separate Bitcoin transaction from the merchant back to your wallet.
Due to Bitcoin’s price volatility, the refunded amount may differ in value from the original payment. Always check the refund policy of the online store or service provider before making a purchase with Bitcoin.
Does Amazon accept Bitcoin?
As of now, Amazon does not directly accept Bitcoin or other cryptocurrencies as payment. However, you can use third-party services to spend crypto on Amazon purchases.
For example, platforms like BitPay allow you to buy Amazon gift cards with Bitcoin, which can then be used for shopping on Amazon. This indirect method enables you to utilize your crypto holdings to access a wide range of products available on Amazon.
Does Walmart accept Bitcoin?
Currently, Walmart does not accept Bitcoin or other cryptocurrencies for direct purchases. Similar to Amazon, you can use services that offer gift cards purchasable with Bitcoin to shop at Walmart. Platforms like BitPay provide options to buy Walmart gift cards using Bitcoin, allowing you to spend crypto indirectly at Walmart stores and online. This approach offers a practical way to use your cryptocurrency holdings for everyday shopping needs.
Do you pay taxes on Bitcoin?
Yes, in many jurisdictions, Bitcoin is considered taxable property. When you buy, sell, or spend Bitcoin, you may incur capital gains or losses based on the change in its value since you acquired it. For example, if you buy Bitcoin and later use it to pay for web hosting services or other online purchases after its value has increased, the difference may be subject to capital gains tax. Additionally, if you accept Bitcoin as payment for services, such as web hosting or consulting, it may be treated as taxable income.
It’s important to maintain detailed records of your transactions and consult with a tax professional to ensure compliance with local tax laws regarding cryptocurrency activities.
Learn more about crypto tax software.
Can you buy a house with Bitcoin?
Yes, purchasing real estate with Bitcoin is possible, though it remains relatively uncommon. Some sellers and real estate agencies accept Bitcoin as payment for properties. Platforms like Propy facilitate real estate transactions using cryptocurrencies.
When considering buying a house with Bitcoin, it’s essential to account for factors such as price volatility, legal implications, and tax considerations. Engaging professionals experienced in crypto transactions can help navigate the complexities involved in such significant purchases.
How much does it cost to cash out Bitcoin?
Cashing out Bitcoin involves converting it to fiat currency, which can incur various costs. Cryptocurrency exchanges typically charge a percentage-based fee for selling Bitcoin, which can range from 0.1% to 1% of the transaction amount. Additionally, there may be withdrawal fees for transferring funds to your bank account.
Bitcoin ATMs offer another cash-out option but often come with higher fees, sometimes exceeding 5%.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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