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From Cryptocurrencies to Shopping: How to Use Bitcoin for Everyday Purchases - The World Financial Review

2024.12.12 21:08



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From Cryptocurrencies to Shopping: How to Use Bitcoin for Everyday Purchases

November 26, 2024 Share Facebook Twitter Pinterest Linkedin Email Print Photo by David McBee on Pexels

We’re well beyond the days when Bitcoin was whispered about on sketchy forums as “the money of the future.” Now, entire economies are (sort of) waking up to the possibilities of cryptocurrencies like Bitcoin, Ethereum, and friends. El Salvador even declared Bitcoin a legal tender.

So, when are you going to stroll into your local Walmart, give the cashier your wallet’s QR code, and grab that flat-screen TV you’ve been eyeing?

Not quite yet.

Banks and governments are catching up, tech-savvy stores are mulling it over, and we’re transitioning—the slow, painful transition phase.

But does that mean we’re stuck in the fiat limbo until that glorious day when Bitcoin is as common as Apple Pay?

Not at all.

Want to buy groceries with Bitcoin? Are you looking to do some tech shopping or get a Starbucks latte, all thanks to Ethereum? Keep reading because your crypto can be as good as cash when you know how to make it work.

How to Pay with Bitcoin in Online and Physical Stores

Even though most retailers don’t directly accept crypto at checkout, a simple yet clever solution works like magic: buying gift cards with Bitcoin . And no, we’re not talking about handing over Bitcoin in some arcane black market way; we’re talking about legit transactions.

Buy a Netflix subscription, get food delivered from DoorDash, or go on a retail therapy spree at Target—all without involving your bank or PayPal account and using your cryptocurrency instead. Best of all, the number of brands and stores you can shop at this way is almost endless.

Here’s how you can make it happen:

Step 1: Choose Your Gift Card Platform

First, find a trustworthy platform where you can buy gift cards with your cryptocurrency. The two popular go-to sites are Coinsbee.com and Bitrefill  Both are incredibly simple to use and offer a massive list of stores.

Step 2: Browse for the Right Store Gift Card

Once you’re on your preferred platform, the world is your oyster. Want to cover a whole week’s worth of groceries at Walmart? Want to fund your Uber rides with crypto? Browse through the huge catalo  of stores. Pick the card you want, choose a denomination that suits your shopping needs, and add it to your cart.

Step 3: Checkout With Crypto

. Head to checkout and select Bitcoin or whichever cryptocurrency you want to use. Platforms like CoinsBee accept a variety of cryptos, so you can part with Ethereum, Dogecoin, or Litecoin—take your pick.

You’ll get an address to which to send your crypto. Just transfer the correct amount, and the transaction will typically be processed within minutes.

Step 4: Receive the Gift Card and Go Shopping

Moments after you’ve completed your crypto transaction, you’ll receive your gift card code via email. Redeem it on the respective store’s website or app, like any standard payment method, and there you go.

You just spent Bitcoin indirectly, but let’s be honest, it wasn’t that difficult.

Top Benefits of Using Bitcoin for Everyday Shopping

If buying gift cards sounds a little too much like a weird scavenger hunt, you might ask yourself, “Is this really worth it?”

Absolutely, yes—because once you start unlocking the true value of your crypto in everyday shopping, you’ll wonder why you didn’t get on board earlier. The benefits are legit and, in many cases, even better than sticking with your trusty credit card.

1. Privacy No Banks Prying

Traditional banks love to peer into your wallet and sneak peek at every transaction you make. Maybe you’ve noticed those alerts for ‘suspicious’ activity? Yeah, no thanks. When you’re paying with crypto, you’re paying directly. Your shopping stays your business, not your bank’s.

2. Say Goodbye to Transaction Fees

Using Bitcoin (and its cousins) cuts out the middleman and keeps your money closer to its true value. In many cases, there’s no fee for buying the gift card itself, and because cryptocurrency transaction fees can be dirt cheap, you’re not stuck paying the extra cost.

3. Fast and Convenient Payments

Once you’ve set up your wallet and are familiar with crypto transactions, it’s blazingly fast—a few taps and your payment is on its way, ready to be used within minutes.

4. Potential Financial Gains

If you’ve held onto your crypto for some time, it’s likely gained value. Using your Bitcoin to buy products with gift cards might be particularly sweet when you’re paying with appreciated assets. Like winning twice, you’re using your gains to snag cool stuff in real time.

5. Global Currency for Global Shopping

If you’re an online shopping junkie and enjoy ordering goods from different countries, using crypto gives you a global edge. Forget ludicrous international currency exchange fees. Crypto knows no borders, so you can shop anywhere without losing part of your money to a conversion.

A Step Ahead…

Sure, the dream of walking into a store and paying for your everyday shopping in Bitcoin or Ethereum with zero extra steps is still a dream. But it’s closer than ever.

And until the rest of the world catches up and figures out the incredible potential of cryptocurrencies, you can still use your digital currencies and cash, thanks to the simple workaround of gift cards.

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