Where can you spend Bitcoin?

For many people, the purchase of bitcoin is an investment, or at the very least a store of value. The vast majority of people buying bitcoin are doing it to gain quick profits or are “HODLing” because they see massive potential in the future of bitcoin and cryptocurrency.

For others, however, spending bitcoins is important. What’s the point of trying to popularise a new form of currency if no one’s using it as an actual currency? There’s a point to be made for spending bitcoins. The more that it’s used in this way, the more likely it is to become a mainstream way of making purchases and transferring value. In reality, there’s little downside to making what purchases you can with bitcoin, and then topping your digital assets back up, quickly and easily through our bitcoin exchange.

What do you need to spend bitcoin?

If you have purchased bitcoin, it’s likely that you already have everything you need to make a bitcoin payment. All you need to spend bitcoin is:

  • Bitcoin (BTC)
  • A Bitcoin Wallet
  • A vendor to accept cryptocurrency
  • A Bitcoin address or QR code to send your BTC

How do I spend bitcoin?

Making a bitcoin payment is done in the same way that BTC is sent from one wallet to another. Typically, this is done either by sending the amount of bitcoin to a public address or by scanning a bitcoin QR code.

Where can you spend Bitcoin?

We asked some business owners who accept cryptocurrency some questions about how it works for their business, and how they see the future of the cryptocurrency space. The businesses we heard from are all at different stages of their bitcoin adoption but some common trends came through, highlighting the potential of cryptocurrency and the belief that it will become a legitimate form of value transfer.

Mooning Market

What cryptocurrencies does your business accept?

Bitcoin Only

What products or services do you sell for crypto?

Mooning Market is a buying and selling site, which is a crypto cross between eBay, Etsy and Amazon. You can securely spend and earn bitcoin on the site and buy and sell almost anything.

Mooning Market

How has this impacted business?

Bitcoin is what we’re known for so it’s hard to say if it’s had an impact. Our first purchase was a 200g packet of Arnott’s Tim Tam. The buyer of the Australian-brand chocolate biscuits was based in the US and paid 0.00048446 BTC.

How involved are you within the cryptocurrency space?

The site is one of a number of crypto projects from UK-listed company Online Blockchain plc (www.onlineblockchain.io). Clem Chambers, CEO of Online Blockchain plc, is a big advocate of cryptocurrency and in particular bitcoin.

Do you have any thoughts/predictions on the future of bitcoin or cryptocurrencies in general?

Clem Chambers recently suggested on Forbes that “Bitcoin is in a bull market and is not having a bear market rally. Next stop is $11,000.”

Sunlight Media

What cryptocurrencies does your business accept?

We currently accept BTC, LTC and ETH through coinpayments.net.

What products or services do you sell for crypto?

We offer digital marketing services, along with web & app development.

How has this impacted business?

Too soon to tell, but I strongly believe more leads will be generated because we now accept crypto.

Do you have measures In place to handle the market’s volatility?

We will only accept crypto payments during a bull market.

How involved are you within the cryptocurrency space?

Fairly new to crypto space, but am very much enjoying the learning experience.

Do you have any thoughts/predictions on the future of bitcoin or cryptocurrencies in general?

I strongly believe crypto will someday be the standard method for all transactions. Especially when it comes to foreign payments & transfers, as the blockchain technology makes transfers more secure, faster and affordable.

FOMO Llama

What cryptocurrencies does your business accept?

FOMO LLAMA accepts Bitcoin, and Litecoin on-chain via BTCPayServer (https://btcpayserver.org), and we are integrating Bitcoin and Litecoin lightning payments very soon. We may add additional cryptocurrencies in the future, but for now, Bitcoin, and Litecoin are our only focus.

We do NOT accept any payment in any government currency, and we have no plans to.

What products or services do you sell for Crypto?

Currently, we are focusing on crypto-themed t-shirts. It’s something that appeals to most people – We all wear shirts! We’ll add additional items, such as posters, hats and other merchandise later this year.

We see FOMO LLAMA as an opportunity to turn ordinary people into walking Bitcoin, and Litecoin billboards to help start conversations with their friends, family, and even complete strangers.

Word of mouth is the best advertising. We want to help facilitate that.

How has this impacted business?

Since FOMO LLAMA is a crypto-specific business, we’ve got a lot of support from the community and our customers. They don’t care at all that we don’t accept government currencies. In fact, they love us even more because of it. Out with the old system, in the new! After all, that’s why we’re here.

Do you have measures In place to handle the market’s volatility?

Having been involved with other crypto-only businesses, I can safely say that market volatility has been one of the big obstacles facing merchant adoption, and adoption in general.

Fortunately, it’s really easy to work with payment processors or exchanges to convert Bitcoin and Litecoin to government currencies at the time of sale, or as needed. It’s become a seamless – behind the scenes – process.

How involved are you within the cryptocurrency space?

I’ve been around since 2011, and been involved in varying degrees from attending conferences, and working with other crypto-related businesses.

Do you have any thoughts/predictions on the future of bitcoin or cryptocurrencies in general?

Without a doubt, cryptocurrency is the future. Adapt or get left in the dust!

AbeloHost

AbeloHost

What cryptocurrencies does your business accept?

AbeloHost accepts Bitcoin and altcoins via CoinGate and CoinPayments.net.

What products or services do you sell for Crypto?

AbeloHost sells the following services for Bitcoin: offshore hosting, website development, website migration and server colocation.

How has this impacted business?

Introducing Bitcoin as a payment method impacted the business positively because it aligns with the services AbeloHost provides. Since AbeloHost is an offshore hosting provider that places emphasis on anonymity, the users appreciate the additional layer of privacy that comes with purchasing Bitcoin. They also appreciate being offered an additional method of payment.

Do you have measures In place to handle the market’s volatility?

AbeloHost makes sure to balance its accounts and never rely on a single cryptocurrency or payment method. It achieves a delicate balance by spreading its money in various currencies and selling them for fiat.

How involved are you within the cryptocurrency space?

AbeloHost keeps up to date with the latest trends and practices from the world of cryptocurrencies. We also engage with the wider crypto community through various crypto platforms and forums.

Do you have any thoughts/predictions on the future of bitcoin or cryptocurrencies in general?

Cryptocurrency has a huge role in the world of business and I believe this role will only increase in the future, as crypto becomes more popular. Cryptocurrencies are a faster and more secure payment method, which makes them more convenient than regular money. Although their value tends to be very volatile at times, I expect this to change as the market grows and expands, becoming more stable. The current situation points to cryptocurrencies becoming the next dominant payment method.

Anja Schuetz

What cryptocurrencies does your business accept?

I currently get paid in BTC and ETH for my freelance work, but I’d happily accept other currencies I believe in, particularly DASH since it’s instant.

What products or services do you sell for Crypto?

I’m a consultant and contractor working out of Berlin, Germany. My private clients are first-time crypto investors, mainly Generation X and up, and I also freelance for a crypto wallet and as a writer for crypto publishing platforms.

How has this impacted business?

Most of my private clients are beginners who want to learn how to buy crypto and store it safely, so they don’t even have any crypto yet when they first come to me. However, some have asked if they can pay me in crypto next time (from their profits ;)) when they’re ready for more advanced mentoring.

For my digital products (my Crypto Safety Guide for example) it’s more difficult to accept crypto. It’s not that easy yet to find the perfect shopping cart system and payment processor integration. BitPay, for example, can’t serve German-based businesses yet, for compliance reasons. I am contemplating moving my business to Estonia, which is much more crypto-friendly and makes these things easier. Not just the legal part, also the tax part. So much for impact on my business: I’m considering moving it out of my own country!

Do you have measures In place to handle the market’s volatility?

My main income is a once-a-month BTC payment. I calculate exactly how much I need to live every month, and I exchange this amount to fiat the moment I get paid, to save it from a loss of value. Included in this amount is the money I save up for my annual income tax. I put that in a crypto-backed Euro account (which gives me 8% annual interest) until the tax payment is due. Any amount I earn that is above my monthly basic needs, I leave that in crypto and take the risk. I see it as a long-term investment and don’t mind if it temporarily loses in value.

Do you have any thoughts/predictions on the future of bitcoin or cryptocurrencies in general?

I think we still have a long way to go, but I’m looking forward to a future where we do not talk about “cashing out” anymore, and where we can pay our basic needs and maybe even out taxes in crypto. I onboarded my landlord to Bitcoin a few months ago, so that’s a start.

Cryptocurrency creeps further into the mainstream every day. There’s a huge amount of businesses now accepting crypto as payment, whether it’s Ecommerce stores, travel sites, or service providers. Here are some more popular stores where you can spend your cryptocurrency:

Ecommerce

Overstock

Overstock.com is one of the largest online retailers selling big-ticket home goods and designer fashion. They were one of the first big online retailers to start accepting bitcoin, all the way back in 2014. Overstock has partnered with coinbase to accept not only bitcoin but other cryptocurrencies such as Ethereum, Litecoin and Dash. The site makes it very easy to pay with cryptocurrencies and even offers refunds for bitcoin purchases.

Overstock

Amazon/Purse.io

While Amazon doesn’t directly accept bitcoin, Purse.io is a service that facilitates this. In simple terms, users of purse.io make orders on Amazon and pay with bitcoins. These bitcoins are then sent to people who exchange their Amazon gift cards for your bitcoins in order to make the purchase. Purse.io also claim that they can help you make significant savings through their service.

Purse

eGifter

If you don’t want to go through Purse.io, eGifter allows you to purchase gift cards for major retailers using bitcoin. eGifter sells gift cards for a wide range of retailers and online stores, both on their website and mobile app. Use bitcoin, bitcoin cash, Ethereum, Litecoin or even your visa debit card or credit card. If you can find a gift card on eGifter, it will make it possible to use bitcoin.

NewEgg

NewEgg is the go-to site for any computer and gadget lover who wants to use digital currency to make a purchase. There are certain items NewEgg doesn’t accept bitcoin for, but the checkout for bitcoin is very easy to use.

Shopify

Shopify hosts hundreds of thousands of stores, many of which are accepting bitcoin. The eCommerce platform uses BitPay to make it easy for merchants to accept cryptocurrency, and for buyers to use a crypto payment method.

Travel

CheapAir

While Expedia recently stopped accepting bitcoin, CheapAir is an online American travel agency which is leading the way for travellers who want to use bitcoin and altcoins such as Ethereum and Litecoin. to travel. Not only do they accept bitcoin and a range of altcoins for airfares and hotel bookings, but they also provide great information on how travellers can make the most of their holiday using cryptocurrency.

More Stamps Global

More Stamps Global is another travel site that accepts cryptocurrencies. The site boasts that they accept over 40 cryptocurrencies including Ripple, Dash, Litecoin, Bitcoin Cash and Ethereum which is a huge amount of options.

TravelbyBit

TravelbyBit is another online booking platform that allows users to pay for accommodation, flights, dining and a range of other activity services through the blockchain.

Travel By Bit

TV and Gaming

Microsoft

Microsoft is potentially the biggest company to start accepting bitcoin as a form of payment. It’s very easy to add Bitcoin to your Microsoft account and it can be used to buy movies, apps and games in the Windows and Xbox stores. it’s important to note that bitcoin can’t be used in the online Microsoft store.

Dish

Dish is another huge company to start accepting crypto payments. In 2014 the satellite television and Internet service provider accepted its first bitcoin payment and was the first subscription-based TV provider to do so.

Zynga

Zynga is one of the worlds biggest mobile games companies. You may have heard of Farmville, or Zynga Poker, both hugely popular mobile games. In 2014 they linked up with BitPay to begin accepting bitcoins for in-app payments.