spend bitcoin online

8 Ways to Spend Bitcoin Online

While people still feel that the blockchain industry is still far from actualizing its dream, a handful of online platforms and business are already trading on it. This action has given bitcoin, the most famous of all cryptocurrencies, a high recognition across the globe. Its acceptance has now spread like a wildfire with no end in sight.
Companies across a range of niches are integrating a payment gateway for bitcoin holders as a way of fully embracing digital currency payments. This means that spending your bitcoin should not be a difficult task to handle as online shoppers now have many options when it comes to making payments. Here are eight different ways to spend your bitcoin online.

1. Purchase online goods

Since e-commerce emerged, online shopping has been made accessible for many from the comfort of their homes. Different payment gateways like Verve, Visa, MasterCard, and Bitcoin has made the shopping experience a lot easier. Bitcoin retail merchants are constantly growing every day. Some big time industries are now accepting bitcoin as an exchange for their products. Some examples of such shopping platforms that you can spend your bitcoins are;

  • Overstock.ca; This online store currently accepts bitcoin as a means of payment. The overstock shopping site has an extensive list of products ranging from outdoor, rugs, décor, home improvements and kitchen wares.
  • Spendabit; Spendabit provides a list of merchants that sell online through their platform. Most of these online merchants accept bitcoin as a means of exchange for their products. Spendabit has all classes of merchants and vendors from all over the world. They are currently one of the fastest online selling platforms for different merchants. As indicated by Spendabit, there is an increase in their customer base as a result of the acceptability of the bitcoin payment system for goods.

Other shops where bitcoin can be used include; Fiverr, treehouse, tigerdirect, and renthop;

2. Book online travel

Nowadays hundreds of websites offer flight bookings for tourists, business travellers, students and more. As the tourism and travelling niche begins to expand day-in-day-out, bitcoin saw the potential of including their payment gateway as a means to cater for the millions of bitcoins holders in its platform. Some travel agency sites that support bitcoin include;

  • CheapAir; CheapAir is the first online travel agencies to accept bitcoin as a payment method. This largely was a result of a request from their customers.
  • Destinia; The Destinia payment gateway has helped millions of tourists travelling around the world make easy hotel reservations. They are also one of the first to start accepting bitcoin as a mode of payment.
  • Bitcoin Travel; Bitcoin Travel offers more services than just booking flights. With bitcoin. Travel, you can actually incorporate it as a travellers guide to help provide you with the different merchants accepting bitcoin payment.

3. Trade with other coin or fiat currencies

The global market has been made flexible trading with bitcoin since it came into existence. Because bitcoin remains the founding father of all cryptocurrencies, it is highly recognised as a trading coin. But today the trading of bitcoin is made possible through different methods that include forex trading. However, bear mind that the complexity of trading with bitcoin is a little bit higher.

Also, the use of Binary trading option is another way of using your bitcoin. With bitcoin, you can also use binary trading. This online trading platform allows you to guess the trend of the curve; whether it will rise or fall.

4. Share with friends and family

Sending bitcoin to friends and families is a great way to get them using the coin; especially for those who lack knowledge about bitcoin. It is one way of preaching the gospel of bitcoin to them. You can send them a cryptocurrency wallet loaded with bitcoin and leave them to redeem it. Some of the exchange platforms that will help them to convert their bitcoin into fiat currencies are; Coinbase, BitMex, Kraken, Bitflyer, and Bitstamp.

5. Online gambling

Spending your bitcoin is an all-day process. For casino lovers that possess bitcoin, gambling has been made possible. Every day, new online gambling platforms are being built to give access to individuals that already have bitcoin. Some of the Bitcoin casinos include sites like Cryptowild which offers bonuses of up to 200% + 75 Free Spins. Also, 1xBit.com offers bonuses up to 1BTC. Others include BetChain, 7Bit, mBit, and Fortune jack.

6. Buy hardware, software and upgrades

The use of bitcoin has gone viral. Thousands of business online are constantly seizing this opportunity by including bitcoin payment gateway. And this revolution can also be noticed in the tech world; especially those that sell and upgrade software. Examples of such companies include Microsoft, which allows you to buy content like office365 with your bitcoin. Also the Newegg platform allows you to buy hardware and software with your bitcoin. They extensively cover areas like electronics, networking systems, and software.

7. Buy gift cards

Many people now value gift cards especially when they are sent from a very special someone. Gifts can be used as a way of saying ‘thank you’ to your friends and families, or as a birthday or wedding. Even companies have incorporated it as a way of encouraging customers to spend more or appraising an employee for a job well done. So if are you looking for how to spend your piled up bitcoin, consider purchasing a gift. The Gyft platform provides you with easy access to some of the best online gift cards.

8. Online security

Apart from the above-mentioned shopping methods, you can also use your bitcoin for and the myriad ways listed above, you can also pay for some online security with your bitcoin. You can add another level of security for your website as a way of reducing cyber-attacks. PureVPN and ExpressVPN are great examples of such sites.