Bitcoin is incredibly popular: around 46 million Americans now own Bitcoin, yet what can you actually do with this cryptocurrency? We know you can invest in Bitcoin, but what else?
The good news is, there is a lot of different Bitcoin uses other than investing and waiting for it to increase in value! In this guide, we’re going to look at some interesting ways to use Bitcoin that you don’t know about.
Are you ready to get started and learn new and interesting ways to use your Bitcoin? Then read on!
1. Purchases
This is perhaps the most obvious alternate use of Bitcoin, but you’d be surprised how many people think that Bitcoin transactions are only possible on the deep web. Several massive companies take Bitcoin as a form of payment, including Axa Insurance and Microsoft.
Many other companies will allow you to convert Bitcoin using apps or another medium, including Starbucks and Home Depot.
As Bitcoin becomes more popular, it’s likely that many more companies will accept Bitcoin as a payment method in the future.
2. Low-Cost Transfers
If you want to send someone money, how would you normally do it? You’d likely use PayPal or use a bank transfer, right?
The problem with this is that transfer fees can add up when you’re sending money internationally. If you want to send someone some money and keep transaction fees low, you should be using crypto.
Crypto fees are usually very low, sometimes just a few cents for millions of dollars in Bitcoin.
3. Bitcoin Gambling
If you enjoy gambling, you’re going to love this. If you’ve got a good supply of Bitcoin and want to take part in some high-stakes gambling, you can go to a virtual Bitcoin casino.
One of the big advantages of gambling with crypto is the anonymity. No one needs to know who you are, how much crypto you have, or what your profits and losses look like.
It also offers a way to gamble if your bank does not allow gambling transactions.
4. Travel the World
If you’ve got a good amount of Bitcoin in your wallet, why not trade some of it for life-changing experiences? Numerous online travel agencies will accept Bitcoin payments in exchange for package deals.
If you were lucky enough to mine Bitcoin in the beginning and have made a decent amount of money, now’s your chance to take that vacation that you’ve been dreaming of!
5. Store Your Wealth
Bitcoin is very secure as far as storage methods go. While the exact security will vary from wallet to wallet, in general, having Bitcoin is a very safe way to store wealth. No one will know how much you have and it’s impossible to block access to your wallet, making it essentially immune from censorship.
Great Bitcoin Uses
We hope that you’ve enjoyed this guide on great Bitcoin uses. As you can see, there are a lot more ways to use Bitcoin than just buying it and selling it for fiat currency.
For more great informative content like this, check out the rest of our blog!
