Now because of cryptocurrency getting mainstream acceptance, many online websites and big stores accept payment for various goods and services in cryptocurrency such as Bitcoin, Tether/USDT and other cryptocurrencies.
In this article, you will learn how you can spend Bitcoin and other cryptocurrencies to buy everything ranging from footwear to food and entertainment supplies.
The cryptocurrency market is now viewed mainly as an investment tool, and people invest in cryptocurrency mostly. But it does not mean that it has stopped being a peer-to-peer digital currency that allows people to make payments online all over the world. Many people use Bitcoin, Ethereum, Tether/USTD, and other currencies to pay for everyday items.
Two of the most important advancements in today’s world are the lightning network and crypto cards. They are making it easy for individuals to use Bitcoin and other cryptocurrencies and buy whatever they want. It is so easy that people could live their entire life using virtual currencies and forget about buying something using fiat currencies.
Learn how people can make easy day-to-day purchases with cryptocurrency. The following are the four major ways to spend cryptocurrency:
Buying From Crypto-Only Stores
Shopping from crypto-only stores and retailers that cater to the cryptocurrency community is arguably the simplest method to spend Bitcoin. Bitify, a decentralized auction site, 21X, a seller of art and merchandise, and OpenBazar, a decentralized marketplace, are examples of such retailers.
These merchants accept cryptocurrencies such as Bitcoin, Ethereum, and Tether. In most cases, retain the funds in cryptocurrency as well. Regrettably, cryptocurrency-only stores are few and far between.
Buying From Crypto-Friendly Retailers
There are hundreds of online merchants who take cryptocurrencies via crypto merchant payment systems like BitPay or BTCPay Server. According to statistics compiled by SimilarTech, Bitcoin is accepted as a payment option by over 133,000 online merchants and services. Lush, Microsoft, Namecheap, Overstock, and the Dallas Mavericks are among the companies involved.
Furthermore, Shopify, a prominent online store hosting platform, has added Bitcoin as a payment option. To the pleasure of crypto fans, any Shopify-hosted online business may take Bitcoin and a variety of other digital currencies such as Ethereum, Dogecoin and Tether/USTD by simply turning on this option. You can easily buy USTD, BTC, and other cryptocurrencies via debit or credit card and use them to buy from these crypto-friendly retailers.
Purchasing Gift Cards With Cryptocurrency
Alternatively, services like BitRefill and Gyft allow you to buy gift cards using bitcoin. They let users utilize cryptocurrencies to purchase gift cards from shops such as Amazon, BestBuy, and Starbucks. The gift cards can then be used in-store or online to make a transaction.
While this is a bit of a loophole, it was one of the most popular methods to spend Bitcoin in the early days of the digital currency, when the acceptance rate was still relatively low.
Making Use of a Crypto Debit Card
Using a Bitcoin debit card is perhaps the easiest way to spend Bitcoin and cryptos like Tether/USTD to buy items like footwear and food. Unlike any other methods discussed above, crypto debit cards allow Bitcoin owners to spend their currency anywhere in the world just like they would spend fiat money.
Which Famous Shoe Retailers Are Crypto-Friendly?
On Famous Footwear, you may use Bitcoin or other cryptocurrencies. You can use Bitcoin, Lightning, Dash, Dogecoin, Litecoin, or Ethereum to make a payment. Email delivery is immediate. There is no need to create an account. Start enjoying a crypto lifestyle!
With Overstock.com you can buy any type of shoes such as sneakers, sandals, boots, and dress shoes and that too by paying through Bitcoin. They deal with unlimited brands for everyone to choose from.
Bitcoinwide.com lets people find stores near them and let people pay in Bitcoin and other cryptocurrencies. You can look at all the options and choose the one that suits you best.
What Websites or Apps to Use to Find Crypto-Friendly Retailers?
Bitrefill is a service that allows you to buy gift cards from over 4,000 different stores and businesses using your cryptocurrency. This works with a variety of services, including DoorDash and Amazon. With Bitcoin, you may easily purchase a gift card or top up an existing one. Lightning network payments are also accepted on the site.
There are a few websites that make this very simple. One website is Coinmap. It allows you to enter your address and view nearby retail locations that accept Bitcoin as a payment method.
Another site, Spendabit.co, allows you to search for anything you want, from coffee cups to sweatpants. The site then displays all of the businesses that will take Bitcoin as payment for the product you wish to purchase.