One common hang-up that people have with cryptocurrency is that they don’t know what to do with it. This can prevent people from investing in cryptocurrencies like Bitcoin because they aren’t sure what comes next. However, the truth is that crypto can be used to purchase a lot of items the same as fiat currency. In fact, the list of places that accept crypto seems to grow by the day. Therefore, we put together a list of the best ways to spend crypto.
Artwork
The art world is one arena that has started to embrace crypto. Several high-profile art websites welcome crypto payments. Various cryptocurrencies can be used to purchase both digital collectibles and vintage artwork, as well as everything in between. This makes it possible to turn crypto into an investment in artwork or just a beautiful piece of art to enjoy.
Online Gaming
The online betting industry is growing by leaps and bounds, similar to the way that crypto and blockchain technology has grown in the last handful of years. In many ways, the two are linked because online gaming platforms have been quick to become crypto-compatible. For example, many real money online casinos accept cryptocurrencies when players are making deposits and withdrawals. With crypto, these transactions are safe and secure, not to mention faster than traditional banking transactions. This has allowed those who use crypto to gravitate toward betting platforms.
Gift Cards
Buying gift cards is often a last-minute option when giving presents. However, it can also be a great way to put some extra crypto to good use. Many online retailers that sell gift cards are accepting Bitcoin and other cryptocurrencies as payment. Even if that specific retailer doesn’t accept crypto, you may be able to use crypto to get a gift card. This can be a loophole to indirectly buy items with crypto or give a friend or family member a Starbucks or Amazon gift card.
Travel
If you have enough crypto, it might be paying for your next vacation. Some travel sites are allowing customers to book hotels, flights, and other travel arrangements using crypto. Granted, some of the bigger names have been slow to adopt crypto as a viable payment method. But there are tons of travel sites where you can book your next vacation, and a growing number of them will take crypto.
Food
Feeding your family – or perhaps just yourself – is easier than ever using cryptocurrency. As mentioned, you can use crypto to buy gift cards, including gift cards to some major restaurant chains. Gift cards to food delivery apps are also possible, expanding the selection of food that can be purchased directly or indirectly with cryptocurrencies. There are also crypto debit cards that can be used at any restaurant that accepts MasterCard, so even local restaurants and grocery stores are possibilities if you want to spend some of your crypto on food.
Charitable Donations
If you can’t find any better ways to spend your crypto, you can always make a charitable donation. Many non-profit organizations are welcoming donations made with crypto. Such transactions are quicker and come with fewer transaction fees than credit cards or bank transfers, which means the charity can put more of your donation to good use. It is also easier to make an anonymous donation to a charity through a Bitcoin address or a similar cryptocurrency platform. It’s also easier for charities to receive donations from different parts of the world through crypto, which is another reason why non-profit organizations are not just accepting crypto but encouraging donors to use it.
