What can I buy with Bitcoin?
A site helping people to pay for pizza delivery was an early indicator of how Bitcoin can be used, and in recent times, sites offering gift cards have been a big game changer for many Bitcoin users.
This is down to the fact that these sites sell gift cards for stores like Amazon, Dunkin Donuts and major US stores like Home Depot or Target. While some people will not be happy with the additional step of having to buy gift cards as opposed to buying directly from these stores, anyone who has Bitcoin and who wishes to spend it in these stores has a simple workaround.
However, you should find that Bitcoin is becoming accepted in more places every week. Online sites have a range of options that allow consumers to pay with Bitcoin, including accessing a cryptocurrency wallet or using a QR code to facilitate the payment. Expedia, Newegg, Microsoft and DISH are all examples of well-known firms who offer Bitcoin payment options.
There is also an increase in the number of physical stores who accept Bitcoin payments. There is a need for a digital wallet or some form of digital payment transfer, but the technology is fast and simple, so there isn’t any reason why you can’t buy most products with Bitcoin.
Where can I buy Bitcoin?
When it comes to buying Bitcoin in the UK, there are several registered exchanges, like CEX, CoinCorner or Coinfloor. You will need identification to facilitate the purchase and you’ll find that there is more of a focus on businesses and serious investors as opposed to the casual person looking to hold some of the currency.
There are also exchanges from outside of the United Kingdom who are willing to change British pounds for Bitcoin.
For convenience, you will find that using a Bitcoin ATM is likely to be your smartest option. There is a growing number of ATMs to choose from around the country, and this allows you to obtain Bitcoins in a quick and easy manner.
How can I buy Bitcoin?
The first part of the process is to buy a Bitcoin wallet. Once you have this, you can use your debit or credit card to make a transaction, buying a sum of Bitcoin and then having this transferred into your account. This is a highly effective process, which is like exchanging sterling for foreign currency.
While many people are cautious about engaging with Bitcoin, it is easy to buy currency and you’ll find that there is a growing number of products that can be bought with the cryptocurrency.
Date Published: Wednesday November 7, 2018
Call us old fashioned but we don’t think it’s right to bother you with popups and paywalls. Help us spread the word about our blog and what we’re doing at SatoshiSolutions by subscribing and sharing below.