How to Spend Bitcoin in 2024?
If you are asking how do you spend bitcoins? The simple answer is you can use Bitcoin to buy almost anything. Your weekly groceries, the latest high street fashion, gift cards for Christmas, or just a cup of coffee.
Thanks to the growing acceptance of cryptocurrencies and Bitcoin payment solutions like Crypto Cards, you can spend bitcoins to buy anything you can think of
So in this article, we are going to walk you through how to spend Bitcoin, what can you buy with it and where can you spend Bitcoin.
Let’s get started!
Growing Popularity of Bitcoin Payments
Bitcoin and Bitcoin payments have grown a lot over the last few years.
Even though things slowed down for the crypto market in 2022, the crypto payment sector is growing, and according to Forbes, Bitcoin is by far the most commonly used crypto throughout the world.
In fact, Bitpay, a crypto payment processor, reported that monthly crypto transactions increased from around 58,000 in 2021 to about 67,000 in 2022.
Bitcoin is the most well-known and widely adopted cryptocurrency, with an estimated 106 million Bitcoin holders globally and around 22% of American adults owning BTC. So it shouldn’t come as a surprise to anyone that, with so many Bitcoin holders around the world, they’re going to want lots of different ways to spend it.
How Do You Spend Bitcoins?
So let’s get into it, how do you spend Bitcoins? Well, there are a few different ways that you can go about it, so let’s break them down into sections.
- Crypto Card: Spend Bitcoin directly from your BTC wallet
- Bitcoin ATMs: Cash out Bitcoins instantly
- BTC wallet: Spend directly at retailers that accept Bitcoin payments
- P2P Transfers: Bitcoins transaction between 2 individuals without any intermediary
Crypto Card
The Crypto Card is a revolutionary way for people to spend Bitcoin practically anywhere.
So how do you spend Bitcoins with a crypto card?
One of the best crypto cards (or bitcoin debit card) is our very own CryptoWallet.com Card. You can use the CW Card to spend bitcoins directly from your BTC wallet, along with hundreds of other cryptocurrencies.
But what if the store doesn’t accept crypto?
Not a problem because of the way the CW Card works anywhere where card payments are accepted, online or in person. When you use the CW Card at that point of purchase, your card instantly converts some of your stored Bitcoin into traditional fiat currency.
In this way, you’re spending your Bitcoin, but the retailer is accepting fiat. Learn more about the Crypto Card and join the whitelist to get one!
Bitcoin ATMs
A smart workaround for how to spend Bitcoins is to use Bitcoin ATMs. Bitcoin ATMs are a great way for people to buy or sell Bitcoin in person and can be found in roughly 39,000 locations around the world.
When you’re at the machine, select the “sell” option, and it will provide you with a QR code. This code is the address that you can send your Bitcoin to. Once sent, the machine will sell the BTC and pay out the cash value. The entire process, from start to finish, takes a few minutes.
Important to note, though, is that usage fees can vary from around 5% to 12%.
Spend Directly with Companies That Accept Bitcoins
If you’re wondering, “Where can I spend Bitcoin?” A good place to look out for is a company that accepts Bitcoin directly.
These days, the number of companies that accept Bitcoin as payment directly is on the rise, and we will be going through a number of them in more detail later on.
But for now, companies like Microsoft, Shopify, Twitch, PayPal, Overstock, and Crypto Emporium are all accepting BTC. So when you’re shopping, keep an eye out at the checkout, you might be surprised to find out you can pay with BTC.
Bitcoin is the most widely recognized and mass-adopted crypto in the world, and that means there are lots of merchants who will be delighted to accept some BTC.
Read more: Who Accepts Bitcoins as a Payment?
P2P Transfer From your BTC Wallet
A handy way to cash out your Bitcoin is to use P2P trading or transfers to move Bitcoin directly from your wallet.
P2P transfers, like what you can find on CashApp or BitPay, allow Bitcoin holders to send, receive, and request Bitcoin directly from one another with no middlemen and low fees.
P2P trading, on the other hand, is a similar concept, but instead of sending or requesting Bitcoin between two parties, you buy and sell between two parties.
This kind of trading has a lot of advantages, you can set the price, and because it’s peer-to-peer, there are no middlemen, which can reduce costs. You can find P2P Bitcoin trading on sites like Binance, Paxful, Houbi, and Bisq, just to name a few.
However, users should always take great care when using these methods, as they can be unregulated and more at risk of scams. So always DYOR.
So now that we’ve answered the question, “How do you spend Bitcoin?” Let’s get into some of the great places to spend it!
Where Can I Spend Bitcoins?
Companies that Accept Bitcoins
In-person Bitcoin payments are a lot more common than people might think.
Stores like Home Depot, Starbucks, and even Whole Foods will accept Bitcoin payments either directly or through their own dedicated third-party app.
But if your favourite store isn’t accepting Bitcoin directly, don’t worry there are lots of ways to work around the problem.
For Instance, services like BitPay are partnered with all kinds of reactions to facilitate direct Bitcoin payments
Or if you want to go for full convenience, you might want to look into our very own CW Card, because, with a CW Card, you can spend crypto virtually anywhere.
Online Stores that Accept Bitcoin
There are so many online sites that accept Bitcoin that it would be impossible to name them all.
But for a brief look, let’s go through a short list.
Microsoft – Microsoft as a company probably needs no introduction, but did you know that they’ve been accepting Bitcoin as payment as far back as 2014? That means you can get stuff for Windows Phone or Xbox with Bitcoin.
CheapAir – Looking for cheap flights? Well, with CheapAir, not only can you get a good deal, but you can pay for it with Bitcoin and various other cryptos.
NewEgg – NewEgg specializes in electronic hardware. So if you want to upgrade your gaming computer or buy a top-of-the-line TV, well, at NewEgg, you can get all of this through BTC.
PayPal – Paypal started accepting Bitcoin in 2020. Being one of the world’s premier payment processors is extremely handy for all kinds of online stores and services.
Reeds Jewelers, – A major jewellery chain in the US, that now accepts Bitcoin directly in all of its stores.
Crypto Emporium – Crypto Emporium is one of the best online stores that accept Bitcoin. With everything you need from watches, fashion, electronics, real estate, and vehicles. All are available for Bitcoin and a range of other cryptos.
Humble Bundle – Looking to get a great deal on a bunch of games all at once? Humble Bundle is one of the most fun and cost-effective ways to get yourself a great deal on a collection of video games in a monthly package that you can now pay for in BTC.
Overstock – Overstock is a great way to get yourself some nice clothes, with an affordable price tag, and now that they accept Bitcoin, it’s become even more handy!
Buy Gift Cards with Bitcoin
Gift cards can be a real lifesaver, especially around birthdays and Christmas time, but did you know that you can buy all kinds of gift cards with Bitcoin?
Bitrefill – Available in 170 different countries, Bitrefill is one of the most popular stores where you can use Bitcoin and a variety of other cryptos to purchase gift cards.
eGifter – eGifter is a great place that allows you to buy gift cards, in bulk with Bitcoin. With delivery options including hand delivery, text or email.
Coingate – Coingate is a great third-party Bitcoin payment processor that includes the option to purchase big-brand gift cards.
BitPay – BitPay is another great third-party crypto payment processor that lets you buy gift cards with Bitcoin.
Conisbee – With over 5000 different gift cards available, Coinsbee is a great place for you to get some shopping done via Bitcoin.
It would be impossible to name all of the types of gift cards that are available from all of these providers. But you can rest assured that you can get gift cards for Amazon, Netflix, Domino’s Pizza, Crunchyroll, Nike, or Adidas, just to name a few!
Other Things You Can Buy With Bitcoins
The sky’s the limit when it comes to buying things with Bitcoin. If you can think of it, there is a good chance you can buy it with Bitcoin.
Looking to buy yourself a new car, motorcycle, or even a yacht? Then check out BitCars, or Carriage Auto Group, for everything from supercars to something a little more affordable.
Want to buy yourself a new home or penthouse apartment? Then Crypto Real Estate, or Crypto Emporium, has you covered.
But what about day-to-day stuff, like food, toiletries, or clothing? Well, through BitPay or with a gift card, you can shop at Uber Eats, Deliveroo, DoorDash, Lowes, or Walmart.
Crypto Card: How to Spend Bitcoins Directly From Your Wallet
For many, the Crypto Card is the most convenient way to spend Bitcoin.
The CryptoWallet.com Card allows customers to spend Bitcoin directly with no conversion required on the user end – simply tap the card and spend Bitcoin and over 800 other cryptos, just as you would regular cash!
You don’t need to top up the crypto card, simply buy or transfer crypto to your account, and start spending directly from your BTC wallet.
The Crypto Card is launching with the most amount of supported cryptos and the lowest crypto card fees in the world.
On top of all that, with the CW Card, you can earn referral bonuses for signing up friends, and even earn some SPEND tokens as you go, which allow you to vote on upcoming token hostings.
So if you’re looking for the best way to manage your crypto, check out our whitelist for more information.
How to Spend Bitcoin via P2P Transfers
P2P transfers between two individuals are a fast-growing method of Bitcoin payment. This method is used when two individuals use a third-party app that facilitates the direct trade of Bitcoin between two parties.
Bitpay, Paypal, or CashApp will provide these services.
How to Send Bitcoin (BTC) to Someone – Step-by-Step
But let’s get into how these types of trades work, step by step.
- Firstly, go into your P2P trading app.
- Change over from the standard currency to BTC.
- Enter the amount you wish to transfer.
- Enter the receiver’s details, and send
Bottom Line: Spending Bitcoin As Money
If you’ve made it this far, you have probably realized by now how to spend Bitcoin in 2023. From direct P2P trading apps to handy crypto cards or just straight up using a vendor who’s delighted to accept Bitcoin.
Bitcoin and crypto more broadly have come a long way from where they started.
Bitcoin, which was often considered to be a bit inconvenient, is now, thanks to neo-banks like CryptoWallet.com, as simple as any traditional bank, plus a ton of perks.
With CryptoWallet.com, you have access to your IBAN-enabled crypto account, which allows you to send fiat currency via SEPA bank transfer and spend hundreds of different cryptos, all at rock-bottom prices.
Sign up for the crypto card with the lowest fees on the market here!
