Brands & Shopping, Gift Cards
How To Spend Bitcoin & Cryptocurrencies For Anything
Last updated: March 12, 2021 5 min read
Every cryptocurrency or token out there has an intended purpose, a use case that makes it worth having in your portfolio.
For example, the king of all, Bitcoin is now getting appreciation as a hedge against fiat currency inflation, acts as an alternative store of value. Ether, the second most successful crypto by market cap, is used to fuel smart contracts and dapps on the Ethereum network.
Usefulness is what seems to determine how valuable and in demand a particular cryptocurrency can or should be. But for large number of people, the asset’s value derives from the ability to spend it on everyday necessities.
At this moment, there exists more than 22,000 cryptocurrencies used for various purposes. Most of them indeed cannot be spent on anything but can be traded on exchanges.
Good news is, in 2023 it no longer applies to coins, especially those sitting at the top of the crypto market food chain.
If you know how, you can actually buy anything using crypto, do it fast and without much of a hassle, whether you want to spend Bitcoin, Litecoin, Ethereum, Nano, TRON or any other popular cryptocurrencies.
And by saying anything, it means anything at all.
How can I buy things with Bitcoin or other crypto assets?
There are a few ways to go about spending cryptocurrencies, depending on a thing (or things) that you wish to buy.
The first option is to find online shops that have offer crypto payment options to their customers.
As of now, there are thousands of merchants around the world that take various crypto assets for payments. They often make themselves easy to find by listing their services on websites dedicated to a single purpose of listing and showcasing crypto-friendly merchants.
The process of paying with crypto at such stores is ultimately the same as you would spend Euros or Dollars with your credit card online: you select merchandise, go to checkout, make a payment and there’s that.
Items like smartphones, computers, video games and everyday consumer goods naturally come to mind first.
But, even though Bitcoin is already 14 years old, it’s still not that easy to find reliable first-hand sellers that would offer that. And, if you attempt to buy something with rarer cryptocurrency or token, the task becomes borderline impossible.
Surely, there has to be something that we can do about that in 2023?
And you would be right to ask that question. As mentioned before, there is another way to spend bitcoin and a bunch of other coins for things that are not commonly sold for them, and do so without leaving your comfort zone.
Use gift cards to spend Bitcoin on anything & everything
While you cannot spend Bitcoin or other crypto assets directly on marketplaces like Amazon or eBay, it is possible to buy Amazon card or many other gift cards with crypto instead.
And these are just few examples – today, the range of various gift cards sold for cryptocurrencies are quite vast and available in most regions of the world, including Europe, the USA, Canada and several others.
This option is made possible by e-gift card sellers such as CoinGate.
As of now, the service offers 3,000+ gift cards and vouchers from giants like Amazon, eBay, Google Play and Sony Playstation, essentially giving your cryptocurrencies that same purchasing power that your regular money in the pocket has.
Getting gift cards for cryptocurrencies is getting increasingly popular amongst crypto holders as a way to buy things for yourself.
It is also proved useful when you need a quick gift for any occasion, or transfer something of value abroad to your family instead of using costly money transfer services.
The numbers do not lie,. Since CoinGate opened its gift card retail service in July of 2020, the number of voucher sales have been increasing steadily.
It just shows how great the demand is for such a service and how useful people find it in their daily lives, which is one of the reasons why the company is expanding its service to more countries.
Buying a gift card with Bitcoin (email delivery)
But is buying gift cards with crypto as easy to use as it sounds? The short answer is yes.
First off, select any gift card that you want from CoinGate gift cards store.
Feel free to use the search option, sort by categories, popularity, date added, and viable countries to find a card you want.
Also, take a peek at ‘Special Deals’ to discover discounted cards available that day.
All gift cards can be paid for with Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), TRON (TRX), XRP, Dogecoin (DOGE), Shiba Inu (SHIB), Tether (USDT), Dai (DAI), Travala.com Token (AVA), Bitcoin Cash (BCH) and Bitcoin Vault (BTCV).
The service also supports Bitcoin Lightning Network payments.
For detailed instructions on how to buy gift cards on CoinGate and additional information, read a step-by-step guide.
And if you are short on cryptocurrencies, try out CoinGate trading options.
Hopefully, you will use this knowledge to your advantage and treat yourself or someone close to you with something special while you’re at it.