There is an assumption that because you can’t physically touch bitcoins, they are worthless, and no one actually buys anything with them. Although when bitcoin was first available, many retailers jumped on the bandwagon of acceptance, since then there has been a decline. But that doesn’t mean that you can’t spend your currency elsewhere.
If you are only just considering buying bitcoin, then The Spanish Blog Guia Bitcoin is a great place to start.
Photo by Dmitry Demidko on Unsplash
Travel
There are still many places that will accept bitcoin as payment for booking hotels, flights, and more. You can check out BTCTrip for somewhere that is exclusively designed to take payments in bitcoin. If you are looking for a few others, you may be sad to learn that although Expedia has Bitcoin terms and conditions on the site, it stopped accepting payments in June of 2018. Here are some alternatives:
- Travel For Coins
- Future.Travel
- Cheapair
- Virgin Galactic – if you want to go into space that is
- ABITSKY
Gold and Silver
If you want to turn your bitcoins into real money and invest it well, then you can purchase gold and silver. There are many companies that will accept bitcoin as a payment option. It is worth noting that some of the companies also offer their own native coins too. APMEX is one of the companies that will trade gold for bitcoins or bitcoin cash. Of course, your bitcoin wallet will need to be compatible with their payment systems, and in most cases sent within 15 minutes or less. This is due to the fluctuation of the bitcoin price. There may be a price limit on what you can spend. Bitcoin is no longer accepted as a payment amount once you hit a specific dollar amount threshold – which is somewhere in the $25+ thousand.
GramGold has a particular process in which you can purchase 1 gram of investment-grade gold, and receive a smart contract as proof of asset. An interesting way of acquiring crypto gold.
JM Bullion is another place that you can purchase gold, silver, platinum, and palladium with bitcoin – a nice 4% discount is available when you pay with bitcoin too.
Real Estate
As you may notice, there is a trend here for luxury goods, but also turning bitcoins into long term investments. The standard housing market isn’t really where you’d be looking to spend your bitcoins, you’ll be looking into luxury real estate. In fact, Bitcoin Real Estate allows you to buy and sell the property directly in bitcoins. It also lists a range of worldwide features that can be purchased, so you don’t need to be looking local only.
Bitcoin is becoming more popular once again, and people are digging out those old wallets and finding more places to spend their currency. If you are interested in learning more about bitcoin, then you should research how bitcoin is mined and how the system works as a whole. This will give you a more in-depth insight into how the decentralized currency is volatile, exciting, and finite.
