Where and How to Spend Your Bitcoins?

rodskee

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Quote from: Freeesta on June 25, 2020, 02:56:32 AM

I think it’s not difficult to spend bitcoins at present. You can buy a lot of things, plane tickets, convert them into cash and use them for any purpose.

Yup, there are many businesses that you can find online that accepts bitcoin as a payment form for transacting, you can
purchased and enjoy without having any difficulties.

Quote from: Freeesta on June 25, 2020, 02:56:32 AM

Look for stores that work with bitcoins. There are more and more of them. But at present, I would recommend not to spend, but rather accumulate bitcoins.

If you are minding about your future benefits, storing your bitcoin as an assets will work it's a good investment place
especially if you are into long term holding.

Quote from: Freeesta on June 25, 2020, 02:56:32 AM

Now is a difficult time and you need to have reliable capital.

If you still have spare money, buying while the value still not that high is a good option.

Freeesta

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I think it’s not difficult to spend bitcoins at present. You can buy a lot of things, plane tickets, convert them into cash and use them for any purpose. Look for stores that work with bitcoins. There are more and more of them. But at present, I would recommend not to spend, but rather accumulate bitcoins. Now is a difficult time and you need to have reliable capital.

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legendary

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right now, I sometimes exchange the bitcoins that I have with altcoin or exchange them for fiat. it's just that, if I have bitcoin right now, I might be inclined to hold it in, and will only spend it if it's very necessary. the path I chose to spend the bitcoin that I had by exchanging it became fiat.

samputin

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Quote from: Yatsan on June 23, 2020, 08:47:28 AM

Here in Philippines you can spend you bitcoins on online shop like Shopee, It's a big company here in Philippines so it's more like aliexpress and Alibaba here. You can spend your bitcoin there using our local online wallet provider which is coins.ph. So basically they are partnered. Grin

That is how you spend your bitcoin in the Philippines through online shop Grin

Yes, bitcoin here in our country can now be used online. Actually, there are already small businesses that accept bitcoin in our country. I just haven't tried to use it for such transactions. Have you?

Anyway, I still convert my btc into fiat. That's how I spend my btc since the stores I'm buying at doesn't accept crypto as payment. But, I'm hooked to online shopping during this time of quarantine. If I have accumulated enough bitcoin that I can afford to spend, then I might use it to pay in Shopee, for the sake of experience. Grin

Yatsan

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Here in Philippines you can spend you bitcoins on online shop like Shopee, It's a big company here in Philippines so it's more like aliexpress and Alibaba here. You can spend your bitcoin there using our local online wallet provider which is coins.ph. So basically they are partnered. Grin

That is how you spend your bitcoin in the Philippines through online shop Grin

Arkann

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Today, there are still certain online stores where it is possible to use Bitcoin as a means of payment to buy goods for any purpose. Nevertheless, I would like to really use Bitcoin for purchases on AliExpress or eBay. but still, I would not spend Bitcoin on any purchases today, since Bitcoin will bring me more benefits as a long-term investment. therefore, invest and keep until a certain time, which we will soon find out about.

sunshinelegit

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Invest it to get even more! Somewhere on gekkoin or exchange for other currencies to start staking

Alert31

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Quote from: kaushiks093 on July 14, 2018, 01:27:34 AM

A lot of people in recent days have started to look into digital currency, but here is the question — where and how can you possibly spend your bitcoins and altcoins?BTC

In our country ,it is not difficult to spend bitcoins because we have an online wallet and at the same time an exchange where you can convert your bitcoins,ethereum,bch, and xrp into our local fiat money. But if you want to spend bitcoin directly then you can do it there. You can use it to pay bills and buy loads easily.

Lorence.xD

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Quote from: qiwoman2 on June 07, 2020, 10:37:10 PM

The Banks in my country are crap right now as the Central Bank of Cyprus won't even allow me to bring in money directly through any crypto related entity, such as Coinbase for example. I use though a Crypto debit card, and I use that for all my living expenses. Right now I have a job in a Blockchain Company so I get paid in BTC, plus whatever else I can grow by trading, bounties etc. So all my living expenses are paid for in BTC, technically I load the card in BTC, or ETH and I get FIAT the other side to do all my monthly expenses. I want to buy some land one day and buy a house in Bitcoin if possible to have a sustainable lifestyle.

Nice job that you have, you are a dream come true for so many people in this community, I really like that you laid out your goal for other people to see because I think that posting your goals will help in materializing it, I am a newbie to crypto trading and I am currently saving money for my funds for trading. I spend my bitcoins by converting it into fiat, luckily in my country, the government are not that aware of bitcoin but the exchanges from crypto to fiat is prevalent which makes it easier for people like me to use it, we do not have that much services and businesses that accepts crypto transactions so I mostly rely on exchanges.

qiwoman2

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The Banks in my country are crap right now as the Central Bank of Cyprus won't even allow me to bring in money directly through any crypto related entity, such as Coinbase for example. I use though a Crypto debit card, and I use that for all my living expenses. Right now I have a job in a Blockchain Company so I get paid in BTC, plus whatever else I can grow by trading, bounties etc. So all my living expenses are paid for in BTC, technically I load the card in BTC, or ETH and I get FIAT the other side to do all my monthly expenses. I want to buy some land one day and buy a house in Bitcoin if possible to have a sustainable lifestyle.

Nellayar

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Quote from: kaushiks093 on July 14, 2018, 01:27:34 AM

A lot of people in recent days have started to look into digital currency, but here is the question — where and how can you possibly spend your bitcoins and altcoins?BTC

In this moment, I don't want to spend my bitcoin and altcoins because I didn't yet earning profits. I just want them to store on my metamask and electrum. The current condition of cryptocurrency is not for buying goods, I see it as an investment for the future. We all know that someday, our society will turn into digital currency. And we are lucky enough because we are still the pioneer of cryptocurrency.

But I am think when I take profits to buy my own car soon using bitcoin. Because a lot of online sellers are accepting cryptocurrency right now.

NavI_027

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Quote from: cosmofly on June 07, 2020, 01:32:01 AM

I previously bought a car from my friend, and I paid him 25 BTC and sent it straight to his wallet. That's the way we trade. In addition, you cannot pay anywhere. If someone denounces you, you will be very heavily imprisoned.

D*mn! That's a cool example of actual transaction using bitcoin Shocked

. I wish I can do the same thing but I noticed that my mentor and few friends with the same interest are now silent. Hmm, I don't know why, maybe they gave up already after 2017's ATH.

Just be careful always on choosing the person who you are dealing with. It seems that you've got stronger regulations there compared here in our country.

cosmofly

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Quote from: kaushiks093 on July 14, 2018, 01:27:34 AM

A lot of people in recent days have started to look into digital currency, but here is the question — where and how can you possibly spend your bitcoins and altcoins?BTC

You know, crypto has not yet been accepted for payment in many countries around the world. We can only deal with our friends. I previously bought a car from my friend, and I paid him 25 BTC and sent it straight to his wallet. That's the way we trade. In addition, you cannot pay anywhere. If someone denounces you, you will be very heavily imprisoned.

princeyeboah

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Quote from: Shasha80 on June 06, 2020, 01:13:58 PM

Now there are many websites to be able to spend the bitcoin that we have, to buy mining hardware I used to buy at newegg.
Then we can buy Amazon gift cards to be able to spend bitcoin on Amazon. I for entertainment sometimes spend bitcoin on
several online gambling sites. But most people prefer to convert bitcoin into fiat to be able to spend bitcoin.

Of course, there are several sites like the Newegg, overstock.com, Amazon, NameCheap, Try Lolli, Coin Cards, Try Purse.io etc. Browse through the several catalogue and based one your preference choose where to spend it. Depending on the status of Bitcoin in the country, there maybe other merchant services that will also allow Bitcoin to be used to pay utility bills.

verita1

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I also convert BTC to FIAT because in my country there are not many stores that accept Bitcoin and cryptocurrencies. There is still a lot of apathy to the subject for many reasons: little education, fear of technology, it is real or not and not everyone has internet service and a smartphone within reach.
We are still in diapers to adopt Bitcoin, we would need a boost in the economy. Let's hope we get out of these times of crisis to see if we take a step forward.

Shasha80

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Now there are many websites to be able to spend the bitcoin that we have, to buy mining hardware I used to buy at newegg.
Then we can buy Amazon gift cards to be able to spend bitcoin on Amazon. I for entertainment sometimes spend bitcoin on
several online gambling sites. But most people prefer to convert bitcoin into fiat to be able to spend bitcoin.

sulendra12

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You can literally do a quick search on google and there are tons of stuff you can spend with your goddamn Bitcoin. No question asked.

Quote from: tulpe123 on June 06, 2020, 08:39:14 AM

The best option to spend your bitcoin - conver it into fiat. Works fast and in every country. Thats why btc adoption is so slow

It doesn't mean Bitcoin adoption is so slow. A country that adapted Bitcoin as one of their payment would already make a great step for better service thus people would learn more about Bitcoin and the service itself. Why wuold you say that lol

JoMarrah Iarim Dan

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Quote from: tulpe123 on June 06, 2020, 08:39:14 AM

The best option to spend your bitcoin - conver it into fiat. Works fast and in every country. Thats why btc adoption is so slow

I also convert my BTCs into fiat before spending it because in herr in the province, there are no stores that accept bitcoin. I am also sue that we who knew bitcoin that lives in this province will not be greater than 1/4 of the whole populatiom that is why bitcoin adoption here is still impossible even online payment is not yet implemented. Too far from the city.

Aigars83

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tulpe123

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The best option to spend your bitcoin - conver it into fiat. Works fast and in every country. Thats why btc adoption is so slow

Topic: Where and How to Spend Your Bitcoins? (Read 13924 times)