How often do you transact in the real world with your bitcoin or digital money? - page 3.

Ahli38

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Quote from: peter0425 on June 01, 2022, 01:09:14 AM

I Only use Bitcoin constantly monthly as paying my Bills is the only way i spend my bitcoin but not directly to the provider instead I am paying Bitcoin to my brother and he will pay using Fiat , as My signature payments is what i use now to pay for the bills , because all my funds in crypto are for Long term holding and I cannot afford taking any amount so this payments goes to my bills,
maybe this is not enough but for me? I am thankful of having this opportunity at least once a month from Electricity , water and internet bills .

at least you have succeeded in using and utilizing bitcoin in your life. and it proves that bitcoin in the future will be much more people who will start to feel the benefits and use it in their daily lives. and sooner or later bitcoin will become part of everyone's daily life in the future.

dataispower

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Quote from: blockman on May 30, 2022, 01:21:25 AM

Well, not that often. I do purchase things online with bitcoin but this time, as the price went down, I'm trying to keep it as much as I can. In my neighborhood, I don't know how many are we on this but I've known folks that got to know crypto just because of the NFT games. But having bitcoin to spend with, I don't think so that they're so into it because the craze and hype are done. I guess they're also done with the market as that's the common mindset not just on this neighborhood but also with most newbies that get to know bitcoin lately.

Not every neighborhood can use bitcoin to buy something in the place they are. Even now that bitcoin price is low the price of Bitcoin you have in usdt is still same value, so if you were using bitcoin to purchase something online when the price is high, nothing has changed for it, if you want to purchase something the value of the thing you want to buy will be same value, except you will say that because bitcoin falling down what you gain from trading or the area you get Bitcoin is not enough to get what you need online, because myself i have not stopped buying gas with bitcoin even as the price is up

isaac_clarke22

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For Bitcoin, not so much actually. I usually ended up converting them to PHP so that I can use them to buy whatever I want. It is not that "direct" method of payment since it involved fiat still.
For digital money, it's daily for me now. There are plenty of QR codes out there almost here in my area where you would just scan using an app and the payment confirmation would go through so that you would be able to verify if you really wanted to pay that amount. I used local apps here in my country like GCash. Just bought Steam Wallet using that app yesterday, speaking of.

AmoreJaz

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Quote from: The Cryptovator on June 01, 2022, 01:40:10 PM

To be honest, Binance makes it easier for me to use Bitcoin. Since Bitcoin isn't allowed in my country I can't use direct Bitcoin anywhere. But I can make it cash instantly from the Binance P2P exchange. I feel quite secure there and very rare chance of cheat. Buyers pay first before I release funds. So faking transaction details will lead to a ban and freeze of Binance accounts. That's how I use my crypto assets in real life. I don't need to look for sources where accept Bitcoin.

indeed, the p2p service of binance is quite helpful to many, which i am also a frequent user. sometimes the rate is much better if you compare it to your local exchange. you can directly convert your crypto to your local fiat if your country is listed in their services. the convenience here is that there are several methods available, not only thru banks. just check the availability depending on your country.
i seldom use crypto to pay online as the charges are quite expensive. but before i did use it to pay like the domain name, when the fees were still cheap.

btc_angela

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Like every month for me, because I treat my bitcoin like cash, so like every month I have to pay some of my bills through our local exchanges (yeah, I know there is still a 3rd party, a middleman), but for me this is a good exercise. And then some PayPal transaction here and there for online. So mostly I'm doing digital money as well. Although I say that I still uses my cash more often but now I have options in crypto.

The Cryptovator

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To be honest, Binance makes it easier for me to use Bitcoin. Since Bitcoin isn't allowed in my country I can't use direct Bitcoin anywhere. But I can make it cash instantly from the Binance P2P exchange. I feel quite secure there and very rare chance of cheat. Buyers pay first before I release funds. So faking transaction details will lead to a ban and freeze of Binance accounts. That's how I use my crypto assets in real life. I don't need to look for sources where accept Bitcoin.

blatchcorn

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Quote from: kryptqnick on June 01, 2022, 11:53:32 AM

Transacting with a friend is better than not using Bitcoin as payment at all, I suppose, but it's also sad that it's not possible to pay directly in shops. Where I'm from, it's also not commonly possible to pay with cryptos. I think most people at this point don't even prioritize the role of Bitcoin as a payment, and focus instead on it as a form of investment. As for me, I must admit, I usually sell some BTC for fiat to spend it. Other than that, I spend it on some donations to my country because of the war. At the current level of adoption, one's options to spend Bitcoin depend on one's location and perseverance heavily.

The country where I live has placed a complete ban on crypto including crypto mining. So there is no question of using Bitcoin here and I know this is the case in many countries. To use crypto as a mainstream payment method there are many issues in Bitcoin that need to be addressed like scalability, fee etc. For me Bitcoin is a heaven that allows me to receive funds world wide that otherwise was not possible.

kryptqnick

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Transacting with a friend is better than not using Bitcoin as payment at all, I suppose, but it's also sad that it's not possible to pay directly in shops. Where I'm from, it's also not commonly possible to pay with cryptos. I think most people at this point don't even prioritize the role of Bitcoin as a payment, and focus instead on it as a form of investment. As for me, I must admit, I usually sell some BTC for fiat to spend it. Other than that, I spend it on some donations to my country because of the war. At the current level of adoption, one's options to spend Bitcoin depend on one's location and perseverance heavily.

uneng

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Quote from: Ahli38 on May 29, 2022, 09:22:41 PM

because we can ask the store even though there is no writing accepting bitcoin but at least try asking. because I recently did it. ie ask a store that has absolutely no writing accepting payments with bitcoin. but it turned out that after I asked the shop owner directly, it was very coincidental that the shop owner also played crypto and he explained to me that he could also accept bitcoin as payment but specifically. he deliberately did not write because the reason turned out to be that I also just remembered that in my country bitcoin as a means of direct payment is not yet legal. and that's the reason the friend and shop owner I asked didn't write a post on his shop about accepting bitcoin payments.

This is a very good idea when going to a store to buy some furniture or accessories. After all, there is no harm in asking. But I think when we have merchants as friends it's much easier to ask and to make a deal with bitcoin, because we have intimacy with them for that.

Quote from: Ahli38 on May 29, 2022, 09:22:41 PM

maybe friends here can also try it. and have you guys done it too and what items have you recently bought with bitcoin payments?

How often do you transact in the real world with your bitcoin or digital money?

Unfortunately I don't see opportunities to use bitcoin as money very often. When purchasing goods, I always do a careful research for the cheapest item of the model I'm looking for and it ends that the best promotions disponible are always in fiat. Maybe people living closer to the big urban centers are able to find offers they can pay with bitcoin more frequently.

dagrailzfor

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Quote from: minime0105 on June 01, 2022, 02:02:17 AM

Quote from: Jatiluhung on May 29, 2022, 10:01:22 PM

I have never used bitcoin as a means of direct payment. because my profession or job makes me paid with ordinary money.
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But I am interested and like your suggestion or your story about asking the shop owner directly about whether or not you can pay using bitcoin. Because I also think that there are actually a lot of shop owners who are familiar with crypto or bitcoin in particular. But certain situations keep them from making the bulletin board accept crypto/bitcoin payments. Maybe I'll also try asking the shop owner if he knows crypto and accepts crypto as payment.

If you have Bitcoin you will use it as direct contact of exchange of what you want for the particular time, except in your region bitcoin is not permitted to use as exchange of goods and services, right now people is contradictory bitcoin using to buy items and digital currencies, and this suppose to introduce and make openly for some people to know the difference. we have varieties of digital currency and which bitcoin is one among them and PayPal is another one, if you uses PayPal for buying things is same digital currency

Bitcoin is hard to spend in day to day but I like to keep it as a SoV. Maybe if LN gets full adoption this will get better but who knows!

SpenserReed

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Quote from: Ahli38 on May 29, 2022, 09:22:41 PM

in my country bitcoin as a means of direct payment is not yet legal

I think if you're buying something simple and not requiring a warranty, it's fine to pay unofficially. But very often you need customer protection, so it's better to pay by official means.

TheUltraElite

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So anyway, I applied as a merit source :)

I can spend for gift cards on bitrefill, but that is more or less it. That includes buying phone topups for calls and data. Have not tried buying any other services yet, more are being added everyday there.

I hope the crypto policies in more countries change with time such that users owning bitcoin can still spend some as they wish for daily necessities and luxuries. There is the chance to spend it on casinos and exchanges. However being very diligent about my investments and holdings I dont spend bitcoins there.

There is a large population in this world, who are willing to do KYC and spend their coins to get fiat and add it to their fiat accounts but laws and taxes are become the blockades.

taufik123

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Quote from: peter0425 on June 01, 2022, 01:09:14 AM

I Only use Bitcoin constantly monthly as paying my Bills is the only way i spend my bitcoin but not directly to the provider instead I am paying Bitcoin to my brother and he will pay using Fiat , as My signature payments is what i use now to pay for the bills , because all my funds in crypto are for Long term holding and I cannot afford taking any amount so this payments goes to my bills,
maybe this is not enough but for me? I am thankful of having this opportunity at least once a month from Electricity , water and internet bills .

Which in essence you exchange your bitcoins to your relatives for payment of electricity, water and internet bills using Fiat.

the same as what I've been doing so far. The payment I received from the signature campaign in the form of BTC or ETH I used again to pay for my needs every day.
These transactions are not directly related to digital money or bitcoins that we have and we must first exchange them to Fiat to make some bill payments.
This is because the country I live in also cannot accept bitcoin and regulations that apply only as commodities, cannot be used as legal tender.

But when it comes to digital money in the form of Fiat I often use it to pay bills and pay for some food at restaurants or street food that accepts digital payments.

YOSHIE

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Quote from: Ahli38 on May 29, 2022, 09:22:41 PM

How often do you transact in the real world with your bitcoin or digital money?

Maybe it should be studied in terms of countries how to treat Bitcoin as a real transaction, restaurants, malls, tolls, and so on.

My thinking is Bitcoin users in Europe, most are involved in real transactions, that's just my guess for countries that legalize Bitcoin, in the area where I live, it can be said that one year only makes real transactions 2-4 times, because places or facilities that prioritize Bitcoin can be counted on the fingers, very few.

I hope that in the future, in my country Bitcoin or the next 5-10 years at least 30% of public facilities, especially shopping places, can serve Bitcoin users and accept payments in Bitcoin.

minime0105

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Quote from: Jatiluhung on May 29, 2022, 10:01:22 PM

I have never used bitcoin as a means of direct payment. because my profession or job makes me paid with ordinary money.

But I am interested and like your suggestion or your story about asking the shop owner directly about whether or not you can pay using bitcoin. Because I also think that there are actually a lot of shop owners who are familiar with crypto or bitcoin in particular. But certain situations keep them from making the bulletin board accept crypto/bitcoin payments. Maybe I'll also try asking the shop owner if he knows crypto and accepts crypto as payment.

If you have Bitcoin you will use it as direct contact of exchange of what you want for the particular time, except in your region bitcoin is not permitted to use as exchange of goods and services, right now people is contradictory bitcoin using to buy items and digital currencies, and this suppose to introduce and make openly for some people to know the difference. we have varieties of digital currency and which bitcoin is one among them and PayPal is another one, if you uses PayPal for buying things is same digital currency

peter0425

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I Only use Bitcoin constantly monthly as paying my Bills is the only way i spend my bitcoin but not directly to the provider instead I am paying Bitcoin to my brother and he will pay using Fiat , as My signature payments is what i use now to pay for the bills , because all my funds in crypto are for Long term holding and I cannot afford taking any amount so this payments goes to my bills,
maybe this is not enough but for me? I am thankful of having this opportunity at least once a month from Electricity , water and internet bills .

worle1bm

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Quote from: AicecreaME on May 31, 2022, 11:20:23 PM

I don't transact much using bitcoin in real world if you are pertaining to actual establishments and businesses. It is because there are only so few establishments that accept cryptocurrency as payment method. Most of the malls and stores here only accept fiat, card, or digital money such as e-wallets. Hence, even if someone would want to, they can't because of the limited availability of those who accepts it.

When it comes to digital money, yes, I often use it. Digital money such as electronic money using paypal, paymaya, gcash, and the likes are the most often used ones in transacting because of convenience. In addition, it's available almost everywhere even in small business enterprises.

This is the condition at most of the places as btc is not widely accepted or say you can find a rare place accepting it as payment mode through LN also as we are not living in El Salvador or CAR to make legal payments in it.The fiat usage is being reduced and digital payments are rising after covid in most of the countries and you just pay with it instead of using fiat everywhere.

rodskee

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Quote from: Ahli38 on May 29, 2022, 09:22:41 PM

so I often transact with my friend using bitcoin.

Since there are very limited of acceptance in Bitcoin here in my country? this is what I also do now because there are friends of mine that also using bitcoin and we often exchange sometimes for gambling and sometimes buying our products as almost each of us are Online seller.
with this? i can contribute in bitcoin circulation though this is only a small part compared to higher transactions per day.
but I must say that I am proud of what i am having and what we are doing.

AicecreaME

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I don't transact much using bitcoin in real world if you are pertaining to actual establishments and businesses. It is because there are only so few establishments that accept cryptocurrency as payment method. Most of the malls and stores here only accept fiat, card, or digital money such as e-wallets. Hence, even if someone would want to, they can't because of the limited availability of those who accepts it.

When it comes to digital money, yes, I often use it. Digital money such as electronic money using paypal, paymaya, gcash, and the likes are the most often used ones in transacting because of convenience. In addition, it's available almost everywhere even in small business enterprises.

Darker45

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Not very often. Actually very seldom, as a matter of fact. For the past year or two, aside from gambling, I cannot remember spending my Bitcoin as Bitcoin. There was not a single instance of me directly buying something using Bitcoin as payment. It is sad but it is what it is because it is very rare for us to find a business here offering Bitcoin payment option.

However, I am still spending my Bitcoin on prepaid loads and bills payment but these payments are to be converted into fiat by the local app that I'm using. These transactions would still be registered in fiat.

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