Cryptocurrency is the hottest topic nowadays all over the world. Especially, bitcoin has gained the attention of investors from different parts of the world. Bitcoin is a decentralized cryptocurrency based on blockchain technology. It allows its users to make global transactions without the involvement of any bank or third party. Bitcoin has a high price in the market, but its price is quite volatile.
You will be surprised to know that the first bitcoin transaction was made to buy a pizza, but now bitcoin is a highly valuable currency and is used for several purposes, such as trading. You can also visit BitIQ App to learn more about bitcoin trading.
There is a wide range of goods and services that you can buy using bitcoin. If you have some bitcoins in your digital wallet and are confused about how you should spend them, then you must read the fantastic ways to use bitcoin mentioned in the following paragraphs.
Explore new places
One of the most exciting and fun ways to use bitcoins is traveling. You can use bitcoin for booking tickets, hotels and making payments in different countries. There are several flights and hotels that have started accepting bitcoin payments, and you can easily book as good accommodation in any country using bitcoins.
Moreover, every country has a different currency, and you need to get your currency converted when you travel to another country. With bitcoin, you need not worry about it as it is a decentralized virtual currency and is accepted all over the world. It allows you to make quick, safe, and convenient transactions no matter which country you are traveling to.
Use bitcoin debit cards
You must have used a debit card as it quite common nowadays, but you will be surprised to know that you can also use debit cards to store bitcoins and make direct bitcoin payments. There are few services such as BitPay that allow you to store bitcoins in your Visa debit card and swipe it anywhere to make payments.
It also has a mobile application that you can install on your mobile and use it to manage the transactions, balance, etc. It is the best way to carry bitcoins with you safely and swipe your card wherever you want to make a bitcoin transaction. It is much convenient than other payment methods.
Online gambling is a popular sport all over the world, but it is also a bit risky because if you get under the radar of tax collectors or authorities, then you may have to face some problems. Bitcoin provides you a way to enjoy gambling without worrying about the authorities as bitcoin transactions are anonymous. It allows you to make transactions without revealing your identity, which makes it impossible to track you on the basis of your transactions.
There are several online gambling platforms, and most of them have started accepting bitcoin payments. You can use your bitcoin to place bets, and if you are lucky enough, you may hit the jackpot.
Buy Gift cards
There are certain situations when you run out of money and want to buy something badly. In such a case, bitcoins can be quite useful to you. There are some websites where you can convert bitcoins into gift cards that you can use on numerous shopping websites. For instance, if you want to buy something from a website but it doesn’t accept bitcoin payments, you can use bitcoin to get a gift card from that website and then buy whatever you want using the gift card.
Gift cards for all top shopping websites can be bought using bitcoins, which allows you to shop online even if you don’t have enough money in your bank account. You can use bitcoin anytime to get gift cards.
Create a website
If it is your dream to have a website, you can fulfill it now using bitcoins. WordPress is the top online service that you can use to create unique and attractive websites at a reasonable price. WordPress accepts bitcoin payments, which means you can build a website using bitcoins and live your dream. If you do some research, you will find plenty of online services that you can buy using bitcoins.
To conclude, bitcoin has several great uses, but you must be careful while using it as it is full of risks.