HOW TO SPEND BITCOINS
Not a long time ago everyone was trying to GET bitcoins. Buying them, mining
them, earning them online or getting them for free via bitcoin faucets. Times are
changing though. Not everyone is seeking for bitcoins to use them as an
investment and to keep them in their wallets. We have reached the point when
people want to spend bitcoins already. And that is a good thing - finally bitcoin
won’t be only tool for transferring cash among people’s wallets or investment toy.
Now it will start to fulfill its main purpose: being a useful currency. So, if you are
interested, what and where can you buy with bitcoins?
As with “regular” cash (dollars, euro, yen) you can go to classic bricks-and-
mortar shops and pay with your wallet (probably using your phone with bitcoin
application). Or you can obviously pay to bitcoin-accepting merchants online.
We will take a look on both options. So if you want to spend bitcoins either way,
we hope that you will find some interesting ideas in our article which we will often
update as more and more merchants are starting to accept bitcoins.
SHOPPING ONLINE WITH BITCOIN
Everyone likes shopping online. It’s easy, very convenient and in last years you
can say it became safe. With plastic cards payments options or using
PayPal/Google Pay/Skrill and many other payment providers it is became
“normal” to shop online. What can bitcoin offer here for you? The main answer
is : Huge savings on fees! And much more of course. But enough about this as
this page is about paying with bitcoins. So let’s take a look around what internet
merchants offer for your BTC.
Online Retailers Accepting Bitcoin
Growing number of large e-commerce websites is announcing that they start to
accept bitcoins - every day. The largest was the mighty Dell only last month. And
good news is that there are hundreds of small ones which will accept bitcoin
payment for their merchandise. So no difficulties - while checking out you only
pick the bitcoin payment options and that’s it. To find a shop with goods you are
interested in and which will accept bitcoin is lately becoming very easy. There
are bitcoin retailers directories where you can find all possible websites where
you can spend your bitcoins on. You should check these major ones:
. Today they represent the best which you can find. And whenever you are
looking for needle or new car, you will find options there where you can pay for
it with bitcoins.
I want to spend bitcoins but website doesn’t accept
Of course there are still plenty of websites which don’t offer a option to pay by
bitcoin. Amazon to name one. But where is a will there is a solution. Actually
more than one solution. If you need to buy some merchandise from website
which doesn’ accept bitcoin then you can use a) giftcard or b) escrow service.
Most of you will be familiar with giftcards. You buy/charge it with bitcoins and
the value you have on it can be used for online payments in dollars or other
currency. There is plenty of giftcards providers which will happily accept your
bitcoin payment. Some works only for the country the giftcard is issued in and
others are specific for some web retailers only. Here you can pick
When ordering giftcard make sure it will work for a retailer you want to buy
from to avoid dissapoinment.
Escrow service is different story. It is there to act as a neutral third party that
provides an escrow service for online transactions, and does so allowing both
buyers and sellers to remain anonymous. They offer a service that allows safer
payment by securely holding a buyer's coins in escrow until the terms of the
sale are met and as a result the buyer releases payment to the seller. Basically
middle man. They obviously charge a fee. Although there are reliable escrow
services which have pretty long successful history on the internet, generally it
is a risk - you are giving your cash to someone for holding. But they are still
popular as they offer anonymity. We won't recommend any here as its too
risky. Up to you if you want to use them just search old good google.
MORE TO COME TOMORROW!!!