Topic: Do you spend crypto? If yes, for what? - page 5. (Read 1503 times)
We have transacted to buy goods in the form of NFT on Binance, several services such as VPNs and goods sold by the crypto community. I hope that in the future crypto will get support for exchanging goods and services around the world, transactions are better than fiat for transaction speed.
When I really need money or want to buy something and there is no money in the bank then I immediately sell crypto, and last February I bought a smartphone for $800 from BNB and ETH which I sold.
Our government legalize crypto only for trading purpose but still isn’t fully ready to spend. prohibited for legally use for payments but some store accept crypto which is very rare case. So i usually don't spend crypto directly, just convert to fiat and withdraw bank account and then use legally. Although i did several online payment with crypto already.
Indeed, there are still many countries that prohibit using crypto for payments, so the best solution is indeed like you did by first converting
the crypto that we have into fiat, then after that spend it. After all, the process for converting crypto to fiat, and enter to our bank account
can be done on the same day. So I don't think it's a problem if we can't spend crypto directly. But I believe in the future all countries will legalize
crypto as a means of payment, for now we really have to be patient following the rules of the country where we live. So that we are not penalized
for violating state regulations.
Our government legalize crypto only for trading purpose but still isn’t fully ready to spend. prohibited for legally use for payments but some store accept crypto which is very rare case. So i usually don't spend crypto directly, just convert to fiat and withdraw bank account and then use legally. Although i did several online payment with crypto already.
Yes I buy something I like using my bitcoin/ crypto balance for my needs let me tell you a scenario
A friend of mine who will use bitcoin too and they have a small business then it's a big surprise at me that my Money is running out and can not sustain my daily needs like rice/ foods then I have an idea that what if I buy foods using my crypto and until now I used some of my btc to buy in my friends business.
A friend of mine who will use bitcoin too and they have a small business then it's a big surprise at me that my Money is running out and can not sustain my daily needs like rice/ foods then I have an idea that what if I buy foods using my crypto and until now I used some of my btc to buy in my friends business.
It's just the condition that you and your friend have an absolute agreement about the utility of cryptocurrencies.
In another way, you can use your savings to acquire anything else even if you do not have providers that accept payment by different modern means because in the end there are those who are ready to accept cryptocurrencies directly for money.
Personally, I do not hesitate to spend what I have if I need it, even if it is not an urgent need.
Cryptocurrency can be used for different perposes such as charity. Cryptocurrency and NFT can help many people in the world and attract attention to many problems. It can be used for different reasons and to help people like this https://twitter.com/impactwomen_nft/status/1507444356386545669
Cryptocurrency must be regulated. If cryptocurrency is regulated it is possible to buy different good for cryptocurrency.
Digital assets becomes more and more regulated that is why more shops use crypto.
Cryptocurrency becomes more regulated, that is why more and more shops accept cryptocurrency.
But to increase the adoption of cryptocurrency it is necessary that cryptocurrency become more stable.
Cryptocurrency can be used for different perposes such as charity. Cryptocurrency and NFT can help many people in the world and attract attention to many problems. It can be used for different reasons and to help people like this https://twitter.com/impactwomen_nft/status/1507444356386545669
Not only NFT it is possible to buy for cryptocurrency, now more and more tools and different products are available for cryptocurrency.
The popularity of cryptocurrency grows and adoption of digital assets increase too. Many shops accept crypto.
Cryptocurrency must be regulated. If cryptocurrency is regulated it is possible to buy different good for cryptocurrency.
Digital assets becomes more and more regulated that is why more shops use crypto.
In my opinion, who doesn't like cryptocurrencies? We would be unfair to technology if we say that it's bad or that it can harm humanity. So I cannot deny that I like cryptocurrencies because in addition to helping in my daily life, the world of cryptocurrencies directly influences the lives of millions of people. We can expect this number to grow to billions and mass adoption successively.
First of all, this question is only for those who like cryptos because they already bought and have it with them and now op is only asking if those people have spent their cryptos other than trading and investing. There are people that don't like cryptos and they are crypto haters obviously. It's a fact actually when people say that cryptos can harm not only in the humanity but also in the environment.You're right, crypto adoption can grow huge in the future because more and more people have discovered crypto and its use. For the topic, I think I have tried using my cryptos before for buying digital stuffs but it would be cool if there are shops here in my place that accepts crypto. I want to experience it soon.
Shopping using Crypto is only for purposes on the internet such as buying licenses or software needed for offline work because shopping with Crypto feels very easy and whenever we can pay for it because purchases via online shop and the rest is still an asset as an investment tool because I don't prioritize Crypto become the main means of payment.
I usually use my coins for international settlement or remittance. My bank restricts how much dollars you can spend on your card per month, and it's a useless cap, the only way I get to send cash over to a relative abroad is via Crypto, while they covert it to fiat there, I basically don't have fiat in my bank account anymore. As a former bank worker, my former colleagues think am jobless since no cash in my bank account.
First of all, you need to know if your country supports the crypto market. After that you can buy products using crypto when your country allows crypto to be acceptable. Personally, I have taken crypto as my second way of earning money because crypto has not been accepted in my country. So it is possible to get an idea from your personal information. However many developing countries are now buying and selling products using crypto.
Cryptocurrency can be used for different perposes such as charity. Cryptocurrency and NFT can help many people in the world and attract attention to many problems. It can be used for different reasons and to help people like this https://twitter.com/impactwomen_nft/status/1507444356386545669
The more popular cryptocurrency become the more people want to use digital assets. The popularity of cryptocurrency attracts a lot of attention of users to digital assets.
Not only NFT it is possible to buy for cryptocurrency, now more and more tools and different products are available for cryptocurrency.
The popularity of cryptocurrency grows and adoption of digital assets increase too. Many shops accept crypto.
In my opinion, who doesn't like cryptocurrencies? We would be unfair to technology if we say that it's bad or that it can harm humanity. So I cannot deny that I like cryptocurrencies because in addition to helping in my daily life, the world of cryptocurrencies directly influences the lives of millions of people. We can expect this number to grow to billions and mass adoption successively.
The more popular cryptocurrency become the more people want to use digital assets. The popularity of cryptocurrency attracts a lot of attention of users to digital assets.
Actually this has happened five years ago even though some people only realize now when they have seen the many advances that exist in the crypto space, but I don't think it's a problem because if more and more people like cryptocurrencies, the more popularity there will be. cryptocurrencies will increase. Cryptocurrency can be used for different perposes such as charity. Cryptocurrency and NFT can help many people in the world and attract attention to many problems. It can be used for different reasons and to help people like this https://twitter.com/impactwomen_nft/status/1507444356386545669
Now more and more shops accept cryptocurrency. More and more people now earn money in cryptocurrency and they must spend their crypto.
That is why more shops accept digital assets.
The more popular cryptocurrency become the more people want to use digital assets. The popularity of cryptocurrency attracts a lot of attention of users to digital assets.
Here's a question to the audience. Do you actually buy stuff with crypto, like services or goods? If yes, what kind?
I've recently got a Binance card to play around with and use it to pay for everyday expenses. Works pretty well.
Is the Binance card really spending crypto though? Don't you have to convert to fiat? Some businesses actually accept crypto without conversion. ICP for example accepts it's native token for website hosting. A lot of Caribbean islands accept BCH and BTC is legal tender in El Salvador and soon Honduras. I've recently got a Binance card to play around with and use it to pay for everyday expenses. Works pretty well.
Cryptocurrency can be used for different perposes such as charity. Cryptocurrency and NFT can help many people in the world and attract attention to many problems. It can be used for different reasons and to help people like this https://twitter.com/impactwomen_nft/status/1507444356386545669
Cryptocurrency is actively used to buy NFT. More and more shops accept cryptocurrency.
The more popular become cryptocurrency the more different goods it is possible to buy for cryptocurrency.
Now more and more shops accept cryptocurrency. More and more people now earn money in cryptocurrency and they must spend their crypto.
That is why more shops accept digital assets.
Yes I know, you already explained to me in your first answer. I just told him that he was repeating what we discussed earlier, then I said if he needs more answers, please look my answer for Lantind. That's all.
Thank you for giving an answer and for explaining about this very useful discussion, but I always don't like it if the answer is based on assumptions, except that the answer is always right with evidence and facts that have happened, so if you like to give any answers to other people , please do not give answers based on assumptions, but give according to facts. Here's a question to the audience. Do you actually buy stuff with crypto, like services or goods? If yes, what kind?
I've recently got a Binance card to play around with and use it to pay for everyday expenses. Works pretty well.
I don't spend crypto directly, because in my country cryptocurrencies cannot be used as a medium of exchange. So all this time I use crypto only as an investment and for everyday purposes I use the results of work in the real world. I've recently got a Binance card to play around with and use it to pay for everyday expenses. Works pretty well.
I have used little things like buying app subscriptions or some online payment for some products or goodies. This is some of the small stuff for that I used crypto as a payment method.
I've just bought a game through crypto but it's not directly from crypto. I have to convert it digitally into fiat so that I can spend it on steam. That's what I do when I want to buy goods and online stuff from crypto. As long as it's convertible into fiat, that's what I do and I would love to do that directly if there's a game platform that accepts direct payments from crypto for their games.
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