Stuff you can buy with bitcoins for dummies

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Technology and e-commerce products Several companies that primarily sell tech products accept bitcoin on their websites. Microsoft currently accepts bitcoin only at its online store, not on its Xbox gaming platform. Overstock, an e-commerce platform selling a wide array of merchandise, was among the first sites to accept bitcoin, starting in ; its founder, Patrick Byrne, was an early proponent.

Many other sites, big and small, also allow you to purchase products with bitcoin. Two examples are Shopify and the Japanese e-commerce giant Rakuten. As far back as , Amazon said it had no plans to engage with bitcoin. That reluctance is puzzling since platforms owned by the company, like Twitch, allow and even encourage the use of bitcoin.

EBay mulled allowing cryptocurrency use on its platform after the run-up in bitcoin prices in It has even bought large banner advertisements at cryptocurrency conferences. But in , the San Jose, Calif. However, by , the company commented to Reuters and said it was looking into the future of all forms of payment, including cryptocurrency, and was interested in the NFT market. Meanwhile, PayPal, which was once an eBay subsidiary, now allows customers to buy, sell, and hold cryptocurrency in their accounts.

Jewelry and expensive watches A number of luxury goods makers and retailers have begun accepting bitcoin as a form of payment. The online luxury retailer BitDials offers Rolex, Patek Philippe, and other high-end watches in return for bitcoin and other cryptocurrencies. Luxury watchmaker Franck Muller even produced a watch encrusted with gold and diamonds and containing a QR code from the bitcoin genesis block.

Some other jewelry stores have partnered with payment processors to facilitate crypto-based purchases from their stores. News media Cryptocurrency media outlets generally accept bitcoin for subscriptions or other services. Among mainstream outlets, the Chicago Sun-Times became the first major publication to accept bitcoin on its platform in That same year, magazine publisher Time Inc.

In , the magazine publisher formed a new cryptocurrency partnership with Crypto. Insurance For the most part, the insurance industry has moved cautiously in embracing cryptocurrency. But things are beginning to change. While life insurance is still off-limits, insurance providers have begun accepting premium payments using bitcoin for other products in their portfolios. In April , for example, Swiss insurer AXA announced that it had begun accepting bitcoin as a mode of payment for all of its lines of insurance except for life insurance due to regulatory issues.

Metromile, an agency that sells "pay-per-mile" auto insurance policies, also accepts bitcoin for premium payments. The easiest and most convenient way to make purchases using bitcoin or other cryptocurrencies is with a cryptocurrency debit card. These cards, which are available from major crypto exchanges and other providers, also allow the holder to withdraw cash from participating ATMs.

Many participate in major networks, such as Mastercard and Visa. Bitcoin debit cards work much like regular prepaid debit cards, except that instead of cash, they are preloaded with bitcoin or another cryptocurrency of your choice. When you use them at a store, the money is withdrawn from your card in cryptocurrency and paid to the merchant in fiat money, such as dollars.

When your balance gets low, you can reload the card. Bottom Line The list of goods and services you can buy with bitcoin and other cryptocurrencies grows daily as people and vendors get more comfortable with virtual money. Insurance, consumer staples, luxury watches, and event tickets are among the items that cryptos will buy.

Linzhi phoenix Apple Products You may leverage your Bitcoin and or cryptocurrencies to keep ahead of the game by saving money on a brand new iPhone. Gold and Silver You can also buy gold, sliver, palladium and other rare metals with bitcoin at Bitcrypto Market , look at it another way, you can buy currency with currency. Luxury watches It was just a matter of time before Bitcoin found its way into the world of luxury goods. Bitcrypto Makret , the leading crypto commerce websites, recently added the most high-end luxury watches to its marketplace.

There are plenty of ways to spend your coins and tokens, whether you buy locally or online.