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10 Ways to Enjoy Your Bitcoin in 2021By Shane Addinall Apr 14, 2021Bitcoin is more than an investment asset; it also has usable value in real life. Join us as we consider some of the viable ways you can spend and enjoy your Bitcoin holdings on goods and services around the world.
Bitcoin is a hot commodity in the digital world at the moment. The virtual currency is worth over $60,000 per coin right now and is attracting high-risk investors from all across the globe. Due to its growth over the course of 2020 and 2021, many of its buyers treat it as an investment option by’ hodling’ it.
Did you know? The word ‘’Hodling’’ is a slang term for the act of holding your cryptocurrency for investment purposes. This word derives from a mistake made in a forum post in 2013 when the writer of the post meant to write that he intended to hold onto his cryptocurrency. Instead of writing, ‘’I am holding’’, he wrote “I am hodling’’. The term is still popular today.
Many forget that Bitcoin is really a currency. You can actually buy real goods and services with the funds. In this article, we will explore ten great ways that you can spend your BTC in the world today. While some countries and regions may support cryptocurrencies more than others do, you should be able to spend your Bitcoin no matter where you are in the world.
1. Invest in Alt Coins
Once you have joined the world of cryptocurrency, you open yourself up to a whole new digital environment. You can even use your Bitcoin to buy other alternative cryptocurrencies, known as ‘altcoins’.
Quick fact: If you sign up and register a crypto wallet at most regulated exchanges, you can manage all your crypto-to-crypto trades yourself from your mobile phone or desktop device.
For instance, XRP is outperforming Bitcoin at the moment. To hitch a ride on that currency’s current climb, you can simply opt to trade some of your Bitcoin holdings for the equivalent value of Ripple on your favourite crypto exchange platform. The process is both fast and simple.
2. Visit Bitcoin Restaurants and Fast Foods
More and more retail vendors are looking to the blockchain to expand their markets in a time where crypto technology is flying high. This trend is quite evident in the United States and certain European countries.
Currently, BTC hodlers can purchase coffee from Starbucks with Bitcoin by using the Bakkt or SPEDN apps on their mobile devices. But don’t stop there, use SPEDN to shop at coffee shops such as Caribou Coffee, Jamba Juice, and Baskin Robbins.
Did you know? On May 22nd 2010, a man by the name of Laslo Hanyecz agreed to purchase two pizzas for 10,000 Bitcoins. While that didn’t equate to much money back then (about $41), the same purchase today would be worth over $600 million. The day goes down in the annuls of history as Bitcoin Pizza Day.
When it comes to fast food, selected Subway outlets will accept your BTC currency. In the Netherlands and Germany, you’ll even be able to purchase food from Burger King with your Bitcoin holdings.
3. See the World
When travelling the world, why not use a borderless currency to make your travels more convenient. This way, there’s no need to pay foreign exchange costs and other associated fees on travel fares and the like. You can now use Bitcoin to pay for your hotel accommodation and your air tickets.
Cheapair.com was the first-ever travel agency to accept BTC for air tickets in November 2013 – talk about a company with a vision for the future!
Expedia.com, a world-renowned trip advisor and travel agency, also now accepts Bitcoin payments. It doesn’t stop there though. There are many other travel brokers of this sort that will help you circle the globe with your crypto investment.
4. Play Video Games
Riding a rallying bull trend in Bitcoin is an exciting prospect for adults, but perhaps what the currency can buy for you is a more rewarding prospect for our kids. Microsoft has been accepting BTC for its online Xbox store for seven years now.
Quick fact: Multi-billionaire director of Microsoft, Bill Gates, does not own any Bitcoin of his own and has taken a neutral stance on the currency. While that is a fact, he and his company have surely seen the potential it can bring to the retail end of the business.
After a short pause in accepting BTC when it became extremely volatile after 2017, you can use it to purchase Xbox credits again. This way you can get your hands on all your and your kids’ favourite video games with the profits you made in the digital asset’s latest rally.
5. Buy Your Web Domain
Intending to open a new business thanks to the money you’ve made on Bitcoin? Well, use the currency to buy your website domain and hosting and get cracking right away.
Did you know? Crypto-related web domains often carry great value. Many of these virtual currency domains have become prime real estate and sell for up to seven figures.
NameCheap is a large progressive online company that deals in the brokerage of internet domains and offers web hosting and internet security certificates to an international customer base. The company’s willingness to accept Bitcoin as a form of payment for their services truly shows that they have a grasp of the future.
6. Purchase NBA Game Tickets
The National Basketball League is one of the most progressive sporting leagues in the United States. The league has a long history of being the first to embrace innovations in technology. As such, it was also one of the first to move forward with cryptocurrency.
Various teams, like the Sacramento Kings and Dallas Mavericks, have already accepted ticket sales to their games since 2014 and 2019, respectively. Nowadays, some of the teams have even broadened their views on crypto and accept various other altcoins, too.
7. Buy NFTs - Including Art and Other Collectables
The non-fungible token (NFT) market is booming right now. Digital artwork, sporting memorabilia, and other virtual trinkets from famous stars are fetching good money on various blockchains (often associated with Ethereum).
Did you know? Beeple’s digital art piece known as "Everydays: The First 5000 Days," sold at a Christie’s auction in March 2021 for a whopping $69 million. It currently holds the world record for the most expensive piece of digital artwork ever sold.
Artwork and collectables from famous entities and stars are usually auctioned off to the highest bidder, while sports cards and other memorabilia are sold through retail vendors online. The NBA partnered together with Top Shots to sell unique digital mementoes from the league. The initiative became a multi-million-dollar success within a few months.
There is no better way to purchase these new digital assets than with digital currency. Use your Bitcoin to fund your purchases today.
8. Transfer Funds to Your Family & Friends
The days of sending wire transfers to friends and family on the other side of the globe are over, thanks to the wonders of Bitcoin and blockchain technology. Now you can fund another bitcoin wallet within minutes without paying any additional foreign exchange costs. All you need is the recipient’s Bitcoin address to complete the task.
Your friend or family member can then either use the BTC to buy what they needed at a supporting vendor or exchange the crypto for the native currency where they stay.
Even with conversions to fiat currency, the funds will be available in less time than it would take for an EFT or wire transfer to clear.
9. Support Charities
There is an old adage that says: ‘’It is better to give than to receive.’’ If you are of the same opinion and are someone who enjoys giving to charities and welfares, then you are in luck. Some of the top charities and NGO organisations, like Green Peace and the Red Cross, accept offerings in Bitcoin.
By sending them virtual funds, it cuts out excessive withdrawal fees on the charity’s side too, making sure that they get all the funds you intended for them without losing any fees to trusted third-party brokers like banks.
10. Explore Online Gambling
This next Bitcoin spending option falls right within our expertise at GamblersPick. There are a tremendous number of online crypto casinos available for those who would like to use their Bitcoin to play their favourite online casino games, like slots, roulette, blackjack, poker, and more. You can even bet on your favourite sports nowadays.
Did you know? There are numerous bitcoin casinos that offer games made with Provably Fair technology. This software allows players to see the coded algorithms for each game round, making it possible for the casino to prove that each hand or spin is random and fair.
For a list of the most trusted cryptocurrency casinos which hold our community’s stamp of approval, be sure to use one of our top-rated Bitcoin casinos.
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