What Can You Purchase These Days with Cryptocurrencies?
You can buy pretty much everything with digital currency: from clothes to tickets, from fancy cars to your own penthouses. It’s crazy how mobile our world has become with technology and the internet, right? You can even take something real and own it with non-material money. Loads of services, companies, and retailers are now accepting crypto payments, and their product lists are endless. So, if you’re into crypto and have some earnings, this article is going to be super useful for you.
By the way, make sure to check out the ChangeHero.io website. They’ve got all the important stuff described in detail to help you understand what cryptocurrency really is and how instant crypto exchange works. It’s crucial to get the hang of the digital system before thinking about how to spend your hard-earned crypto cash.
Why don’t we see crypto in everyday life?
Bitcoin hasn’t become the new euro or dollar, so it’s still a digital coin that only works where EVERYONE can use it. Even though bitcoin was originally thought up so traders could pay for any goods and services. Today, bitcoin is more like an investment asset, similar to gold. It’s actually why many investors are so crazy about Bitcoin – they pour billions into it, knowing that after some time, they might get five times their investment back. In other words, Bitcoin is the perfect insurance option if inflation hits, traditional markets go down, or profits are low.
The main reason we’re not paying with Bitcoin in regular stores isn’t that it’s not popular. It’s not even because crypto is banned by the government – it’s actually all about whether the seller wants to accept crypto payments or not. For example, if a company wants to get more customers, they might start accepting digital currencies as payment. So what’s the real problem here?
The biggest issue is that cryptocurrency just can’t fit into our daily lifestyle yet. It’s also about technical limitations. The Bitcoin network is pretty slow and doesn’t scale well. It can only handle about 7-10 transactions per second, and when it’s busy, the fees might be higher than what you’re trying to send! Your transfer could even take days to go through. Compare that to Visa, which processes around 160 million transactions every day at a speed of 60 thousand operations per second. Bitcoin just can’t keep up because it’s way slower. Can you imagine how many small purchases are happening right now while you’re reading this?
Another reason crypto isn’t used for regular payments is how much its value changes. For example, bitcoin might be worth 57 thousand dollars in the morning, and by evening, it could be 17 thousand dollars less. Is this good for investing or bad for bitcoin? Well, it’s great for investors who buy crypto when it’s cheap and sell when it’s expensive. But it means people don’t want to spend their Bitcoin on everyday stuff because it might be worth more later. It’s more profitable to hold onto your coins than to pay with them.
That’s why cryptocurrency can’t replace paper money or the cash on your card just yet. For now, crypto is mostly an investment asset. But hey, you can still buy some cool stuff with BTC if you can find a seller who’s on board.
Offline and online shopping with crypto
Right now, there aren’t many offline stores willing to accept cryptocurrency for their products. That’s why many people use gift cards or crypto cards instead. You can even buy bitcoin with Visa gift card through some online platforms, making it easier to enter the crypto market. You can use special services like Coinmap to find places on the map that accept crypto. You’ll find shops, hotels, bars, and restaurants, including chains like Subway, Burger King, Papa John’s, and SpicesCave. If you’ve made a fortune with bitcoins, you might find something really interesting for yourself.
For example, there’s this famous Swiss company that has more than 1300 products you can buy with cryptocurrency. We’re talking luxury real estate in the heart of your favorite European city, expensive yachts, private jets, gold watches, tons of jewelry, and even genuine paintings. How about buying your own island with bitcoin? No joke – there’s a real ad online right now where you can rent an entire island in the Pacific Ocean for 1 BTC!
You can buy gold and jewelry with cryptocurrency that you’d never find in regular city jewelry stores. Since BTC is like digital gold, you can easily trade it for real precious metal. And check out these cars you can buy with bitcoin. By the way, those driving luxury cars probably didn’t buy them with cash. Keep that in mind when you see something like this in your city:
- Bugatti
- McLaren
- Koenigsegg
- Ferrari
- Lamborghini
- Mustang
- Porsche
- Rolls Royce
- Mercedes-Benz
- Volkswagen
As you can see, with cryptocurrency, you can pretty much own the whole world.
TOP-5 crypto-exchanges
Since cryptocurrency has become such a big part of our lives, let’s talk about where it’s most profitable to buy and sell bitcoin. Here’s a list of the most reliable and popular crypto exchanges that support various deposits and withdrawals in different currencies.
These sites are trustworthy because of their impressive work volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. It’s also the most popular crypto exchange in Russia and the CIS countries, with the largest turnover of funds and support for transfers in rubles from Visa/MasterCard bank cards and payment systems like QIWI, Advcash, and Payeer. Next up is Bybit, followed by OKEx. Then we’ve got EXMO and Huobi.
To earn crypto, it’s super important to understand where you’re trusting your money. The reliability of the platform is key, along with stable access to all its functions, uninterrupted trading, and no issues with depositing and withdrawing funds. You should also pay attention to cryptocurrency exchange rates and the amount of commissions charged for trading and transactions – be wary if the commission is too high or nonexistent. Another crucial point is round-the-clock technical support and feedback from other users. And of course, a comfortable interface and a user-friendly menu where you can easily navigate and work with the exchange are a must.
As you can see, the question of what you can buy with crypto is pretty much answered – there’s no end to the goods available. It’s a shame that today’s world isn’t developing as fast as we’d like. Bitcoin is already one step ahead, while human development is a few meters behind. Let’s hope that in 5 years, cryptocurrency will take over and become available to anyone and everyone.
