Did you know that more and more companies and businesses are accepting Bitcoin as payment?
One of them is Amazon.
Recently, it was reported that billions of people now shop at amazon with this digital currency.
Bitcoin proponents have proven that this is indeed a valuable investment to make.
But of course, you need to do an extensive research about it first before jumping right into it.
In this article, we will discuss the basics of Bitcoin as well as enumerate the products and services that you can buy with it.
What is Bitcoin?
Bitcoin refers to a type of digital currency exchanged during peer-to-peer transactions. It runs using a decentralized system, which means that it is not controlled by the government or any financial institution. It is actually the product of a complex mathematical algorithm that is more commonly known as “mining”. There is an estimated 21 million total number of Bitcoins but only 11 million is now in circulation.
Benefits of Using Bitcoins
Among the many benefits of using Bitcoin, the one that appeals to most people is the fact that it is partially anonymous. Parties who are involved in Bitcoin transactions can possibly remain anonymous. But only partially, as there is still the possibility of being traced since the information about the transaction is recorded in a public digital ledger. Tracing transactions, however, require expertise and a lot of work.
You can buy Bitcoins at Bitcoin exchanges such as Kraken, Bitstamp and Coinbase. You can also buy this from private sellers in your local area. But you need actual cash to purchase Bitcoins for the first time.
One of the best things about Bitcoin is that you’re not required to have advanced technical knowledge about how it works to get started using it. But there are a few things that you need to do before you can start making purchases or trading with this type of digital money.
First, you need to have a Bitcoin wallet in your computer or mobile device. This is where you will receive your Bitcoins and send Bitcoins from. Next, you need to take note of your Bitcoin address as this is what you need to make transactions using this digital currency.
Companies that Accept Bitcoin
As mentioned earlier, Amazon is one of the companies that now accept Bitcoin payments.
Aside from this, there are other companies that have jumped into the bandwagon as well. These include but are not limited to:
- Name Cheap
- Home Depot
Products You Can Buy with Bitcoin
Here’s a list of some of the products and services that you can now purchase using this digital currency:
# 1 – Lottery Tickets
If you’re fond of playing the lottery, you’ll be happy to know that you can now buy lottery tickets with your Bitcoin.
One of the ways to do this is through Jackpocket.
Jackpocket is a mobile app that you can download on your iOS or Android device so you can purchase lottery tickets for different state lotteries.
With this app, you can use your Bitcoin to buy the tickets and then use your winnings to buy more Bitcoin.
It’s also easy to use that even if you haven’t tried buying anything with Bitcoin yet, you won’t have a hard time figuring out how this app works.
# 2 – Gift Cards
A gift card, which is also sometimes referred to as gift certificate or gift voucher, is a prepaid money card issued by a retailer that allows a buyer to make purchases equivalent to the card’s cash value.
At eGifter, you can now purchase gift cards using Bitcoin. You can choose among the 250 gift cards available, which include but are not limited to the following:
- Bed, Bath and Beyond
- HBO Now
- Panera Eats
A gift card is a good alternative just in case your favorite store or restaurant does not yet accept Bitcoin payments.
# 3 – Computers
A few years ago, Dell started selling its computers to people with access to Bitcoin. But due to the low demand, it stopped its Bitcoin program recently.
The good news is, there are still online computer stores that have started to accept Bitcoin payments.
# 4 – Japanese Electronics
In Japan, more and more stores whether online or offline have started to accept Bitcoin payments.
In fact, almost every Japanese electronic device can now be purchased with this digital money.
One of the most popular electronics retailers is Bic Camera.
# 5 – Real Estate
This might surprise you but you can now actually buy real estate with Bitcoin.
Whether you’re planning to buy a lot, or a house and lot, it’s possible that your real estate broker now processes Bitcoin payments.
One of the places that make it easy to purchase properties with this digital currency is Bitcoin Real Estate.
If you’re wondering why some people would actually want to buy properties with Bitcoin instead of cash, here are its primary benefits:
- Quicker transactions – A real estate transaction that involves Bitcoin can be finished in a few minutes or a few hours. It’s a lot quicker than bank transfers.
- Faster growth – The value of the property you’ve purchased grows more quickly when it is valued in Bitcoin.
- Private transactions – Since Bitcoin payments are not linked to names or addresses, it’s possible to keep the transaction partially anonymous. The transaction, however, will still be recorded in a digital public ledger.
- No fees – This is probably the best reason to buy properties with Bitcoin—there are no fees required.
# 6 – Pizza
Craving for pizza but don’t have cash?
Don’t worry. You can now satisfy your cravings with the help of Bitcoins.
At Pizza For Coins, you can now buy pizza with this digital currency.
This company started only in 2013 but now has more than a thousand users.
The site is simple to use. All you have to do is to enter your location and it will find the nearest pizza place in your area. You will then send the Bitcoin to their address and they will be the ones to order the pizza for you. You just have to sit back and wait until the pizza delivery guy arrives on your doorstep.
# 7 – Yachts
If you’re one of the few people who want to buy a yacht and can afford to do so, you can check out Denison Yachting.
This is one of the first luxury boat companies that have started to accept Bitcoin payments.
# 8 – Space flight
Buying a yacht is one thing.
Going on a space voyage is another.
But there are actually people who can now afford to do so.
In fact, space tourism is all the rage these days. It is now the top recreational activity of the rich and famous.
You’ll be amazed to know that some spaceflight companies actually let you go on a space voyage using your Bitcoin.
Virgin Galactic, for example, now allows customers to purchase and book galactic tickets using this cryptocurrency. Among the first ones to do so are the Winklevoss twins.
# 9 – College Education
Many people are not aware that Bitcoin is now being accepted in some major universities and colleges.
Yes, you heard it right.
It’s now possible to pay your (or your kid’s) college tuition with this digital currency.
Some of them are:
- Lucerne University of Applied Sciences and Arts (Switzerland)
- ESMT (Berlin, Germany)
- University of Nicosia (Cyprus)
- King’s College (United States)
Some of these colleges receive Bitcoin payments without imposing any transaction fees.
# 10 – Charitable Donations
If you’re feeling generous and want to give back to the community, you can also choose to donate your Bitcoins to charities.
Just a few of the many charitable institutions that now accept Bitcoin donations include:
- Red Cross
- Save the Children
- The Water Project
- Internet Archive
- Humanity Road
- Free Software Foundation
- Tor Project
- Tuna Panda
- Code to Inspire
- United Way
# 11 – Sandwiches
If you’re a fan of Subway sandwiches, you’ll be glad to know that some Subway branches are now accepting Bitcoin payments.
In the United States, the only Subway branch that lets you pay for sandwiches using this digital currency is the one in Allentown, Pennsylvania.
In Russia and Argentina, there are a few Subway branches that also accept this digital currency.
# 12 – Burgers
Aside from pizza and sandwiches, you can now also buy your burgers with Bitcoin.
You can do this at Burger King.
It has a program called the WhopperCoin in which you can buy tokens to purchase the burgers using Bitcoin.
You also have the option to purchase Burger King gift cards with this digital currency.
# 13 – Coffee
If you’re one of those people who can’t get the day started without a cup of Joe, then you’d appreciate the fact that many coffee shops around the world now lets you order your favorite coffee using Bitcoin.
In the United States, you’ll find that some Starbucks branch now accept Bitcoin payments.
In Prague, there is a coffee shop called Bitcoin Coffee, where you can pay for your coffee with this digital currency, hence the name.
# 14 – Food Buckets For the Apocalypse
Jim Bakker is a televangelist who sells preparation foods for the apocalypse.
This can also be purchased using Bitcoin.
This is something you might want to consider if you want to be prepared for any unexpected scenario in the future.
# 15 – Beer
Beer is another popular commodity that you can now purchase with Bitcoin.
Check out the following places all over the world where you can order a cold bottle of beer using cryptocurrency:
- EVR (Manhattan, New York)
- Sake Zone (San Francisco)
- The Haymakers Pub (Chesterton, Cambridge)
- The Pembury Tavern (Hackney, East London)
- October Bar (Tel Aviv, Israel)
- Carena Bar (Greece)
- Room 77 (Berlin, Germany)
- Best Vancouver (Vancouver, Canada)
There’s no need to pay for your beer with cash. Simply transfer your Bitcoins to the bartender’s digital wallet and you’re good to go.
# 16 – Overstock Items
Overstock.com is a popular online shop in the United States with headquarters in Midvale, Utah. It was launched in 1997 but was later on sold to Patrick M. Byrne.
It is one of the biggest internet retailers with a huge inventory of pretty much everything that you need—houseware, furniture, accessories, electronic, garden equipment, clothing and many more.
Recently, it has started to accept Bitcoin payments.
# 17 – Comic Books
If you’re a comic book lover, you’d be happy to hear this news: many comic book shops now welcome Bitcoin payments.
Your top options include:
- Chicken Wings Comics
- Qual Albatroz
- Meltdown Comics
- Bazinga Comics
- Actively Disengaged
- Death Ray Comics
- Eye Bleed Ink
- Tximino Art
- Pulp and Bone
# 18 – Travel
Travelers nowadays enjoy the perk of convenient bookings of air travel and hotel accommodations.
In the past, you’ll have to physically visit an airline office or a travel agency to book your travel needs.
Nowadays, you can do this at the comfort of your own home using the internet.
What makes this process even a lot more convenient is the use of cryptocurrency like Bitcoin.
Many travel websites now offer the option of paying with Bitcoin.
Some of them include:
- AirBaltic – A Latvian airline that have started accepting Bitcoin since 2015. It makes use of the Bitpay payment processor.
- BTCtrip – This is an online travel agency where you can book your flights not only with Bitcoin but also with other cryptocurrencies such as Litecoin.
- Cheap Air – Cheap Air is one of the first websites in the United States to accept Bitcoin payments for air travel, hotel booking and car rentals. It uses Coinbase to process crypto payments.
- Destinia – Destinia is a top online travel agency in Spain in which you can book your flight, hotel accommodation and car rental using Bitcoin.
- Expedia – This is one of the world’s most popular travel agencies. But take note that it only accepts Bitcoin for hotel bookings and not for flight purchases.
# 19 – Domain Names
If you’re thinking of building a website, one of the first things that you need to do is purchase a domain.
A domain is the URL of your website, the one that will direct your users to your site.
There are now many places online that offer domain names and accept Bitcoin payments.
One of the most widely used is Domains4Bitcoins.
The site is very simple to use.
Simply enter the domain name that you’re thinking of buying and click “search”. This way, you’ll find out if it’s still available.
If it is, just follow the next instructions to purchase the domain using your Bitcoin.
# 20 – Watches
Luxury watches can now be purchased with Bitcoin.
If you’re interested in this, head over to Bit Dials.
It is the first luxury boutique in the world that only accepts cryptocurrency payments.
It sells not only premium watches but also designer jewelry and other accessories such as belts and bags.
It has been around since 2016.
# 21 – Cars
If you can buy a house and lot with Bitcoin, then you can probably buy a car too.
Both luxurious cars and affordable cars can now be purchased with this cryptocurrency.
Here are two online car dealerships that you’d want to explore:
# 22 – Mattresses
Is your bed giving you a hard time to get a good night’s sleep?
It might be time for a change.
If you’re short in cash, don’t worry. You can now buy a brand new mattress using Bitcoin through Ghost Bed.
Mattresses from this online shop are known for their superior quality and durability. Many say that these beds are a good investment to make. After all, everyone needs a peaceful slumber to recharge and recuperate for the next day.
# 23 – Taxi Rides
This is not yet available in the United States, but in some countries such as Hungary and Argentina, you can now ride a taxi and pay for your fare using Bitcoin.
# 24 – Gold
Buying gold is a popular investment method that many people have tried and found success in.
If you’re thinking of buying gold with your Bitcoin, this is possible through these online places:
# 25 – Pet Supplies
If you have a pet and you’re in need of some supplies, you can use your Bitcoin to shop for these online.
CryptoPet is one of the online pet supplies stores that accept Bitcoin as well as other forms of cryptocurrencies.
Here, you can buy all sorts of pet supplies such as pet food, clothing, gear, accessories, housing and so on.
If someone tells you that your Bitcoin is useless, show this person this list so he/she can see that there are now countless things that you can purchase using this cryptocurrency.