What Can You Buy With Cryptocurrency in 2023?
Cryptocurrencies are funds existing in a digital space. They are decentralized and independent finances that have many benefits. For example, using crypto, you can make instant money transfers around the world in a matter of minutes and at low fees. Crypto has no middlemen, no bureaucracy, and no regulators. However, lack of control attracts those who want to hide their financial schemes and do illegal transfers. So you must be careful and pick only reliable and safe crypto platforms when buying digital coins to make sure your funds are protected and secure.
In this article, we will talk about what you can buy with crypto. Buying items and services with digital assets is not widely adopted yet, but some companies allow to apply crypto as means of payment. The main application for digital assets is still trading. That means buying and selling coins on a cryptocurrency exchange to earn on asset price changes.
What to Buy With Cryptocurrency?
Here are the cases of payments with digital coins:
- Tickets to airplanes. Such applications as Cryptoturismo and Airbaltic allow buying tickets via crypto.
- Things on Amazon.
- Boats, yachts, watches, and other luxury items.
- Domain names and web programs.
- Pay in restaurants and cafes that added the crypto settlement option.
Can You Buy a House With Cryptocurrency?
Yes, you can. There are many rich people in the crypto industry, so they simply find it easier to send crypto transfer instead of cashing out and working with banks. Especially when it comes to large sums. So advanced real estate companies strive to add crypto as a payment option, making it much easier for people to buy houses and apartments abroad and within the country.
How Easy is it to Buy Things with Crypto?
Here are some steps:
- First, you need to purchase digital assets. Use a centralized cryptocurrency exchange to deposit fiat money and buy digital assets.
- Create a crypto wallet. It is where you will store your crypt money. They can be of two types – cold and hot. A cold one is an offline storage; a hot one is an online one. It may be installed on your PC and mobile phone. Use hot storage to send payments to other wallets instantly.
- Learn to make transfers. For that purpose, you should open your account, select “send payment”, then pick the sum you want to send and enter the address where your payment will be delivered.
To learn more about how to use crypto, welcome to the WhiteBIT blog.