Currently, Bitcoin is considered one of the best investment options aside from the stock market and real estate. Its fluctuating value means there’s plenty of opportunities to earn back your investment and more.
Bitcoin serves as more than a way to make money, though. The question then is, “Where can I use Bitcoin, anyway?”
Even though most of the hype around the cryptocurrency is around trading it, you can also use Bitcoin to make purchases online. Some companies accept it as a way of buying store credit or investing in them.
Here’s everything you need to know about using Bitcoin.
Where Can I Use Bitcoin To Buy Things Online?
Bitcoin has increasingly become more widely accepted by major companies since it was first created in 2009.
Microsoft is one of the earliest adopters, accepting various forms of cryptocurrency as payment for their games and apps. AT&T also now accepts bill payments through BitPay, a cryptocurrency payment processor.
Although Etsy doesn’t accept Bitcoin as a standard payment method, independent sellers do. When making a purchase, buyers can request an alternative payment method and message the buyer directly.
Which Countries Use Bitcoin?
Since Bitcoin was developed in the United States, that’s also where it’s used the most. Most of the world’s Bitcoin was exchanged in the U.S. alone. However, it’s not the only place where it’s traded.
Cryptocurrency is accessible in most countries with internet access. In September 2021, El Salvador became the first country in the world to make Bitcoin legal tender.
One of the few exceptions is China, which has recently banned Bitcoin and all other cryptocurrency transactions. It’s also illegal in Russia and Vietnam.
Can I Buy Bitcoin in Person?
Even though Bitcoin is traded online, that’s not the only place you can acquire it. In recent years, manufacturers have come out with Bitcoin ATMs that let you buy cryptocurrency in real life. Some of the manufacturers include Genesis Coin, General Bytes, and Byte Federal.
A Bitcoin ATM accepts cash and debit, as well as other cryptocurrencies. Transactions are processed immediately. You can find their various locations online.
Where Can I Buy Bitcoin Using Paypal?
Paypal was one of the original online payment systems that let you exchange money safely and securely. As such, you can also use it to purchase Bitcoin.
Most online exchanges accept Paypal when buying cryptocurrency. Some of the most popular exchanges include Coinbase, Paxful, and Etoro. Different websites cost different amounts of money for access.
Making Good Use of Your Investment
Once you’ve purchased some cryptocurrency, you may wonder, “where can I use Bitcoin?” After all, Bitcoin is much more than an investment opportunity. You can use it to trade for other cryptocurrencies and make payments.
As it turns out, Bitcoin is widely accepted from retailers like Microsoft to coffeehouses like Starbucks. They’ll usually let you know on their payment page what kind of currencies they accept.
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