Crypto currency

Where Can You Use Bitcoin As A Payment Method?

When we say Bitcoin, the first thing that comes to mind of many people is making a profit. After all, the number one reason why millions of people from all around the world use Bitcoin is because this cryptocurrency is extremely valuable and has the potential to turn everyone into a millionaire.

While we are going to share a word or two about making a profit with Bitcoin, we wanted to focus on something else and that is using Bitcoin as a payment method. Bitcoin has quite a few advantages as a payment method, including instant transactions, greater security, and no fees.

That is why many companies around the world accept it as a payment method and we are going to name one or two. Let’s dive into the details.

Making A Profit With Bitcoin

At the heart of making a profit with Bitcoin lie trading sites. They are the marketplaces where you can sell your Bitcoins and make a profit. Up until recently, the only available option was Bitcoin ATMs, but thanks to the fact that trading sites are far superior, most Bitcoin traders use them.

Trading sites are extremely easy to access as they operate online. Not only that, but their fees are extremely low. Compared to trading sites, Bitcoin ATMs usually impose fees that are around 10-25%, which is extremely huge.

And if that is not enough, trading sites use AI systems that analyze the market and use the data to predict Bitcoin’s future fluctuation with great precision. One of the trading sites that utilize this system is Crypto Engine. To gain access to their services, users just need to register. The process is extremely simple and lasts just a minute.

Now, let’s take a look at some of the brands that accept payments with Bitcoin.

Online Casinos

The first entry comes from the online entertainment sector. In the past couple of years, online casinos have become extremely popular as they have tons of advantages over land-based casinos. It wasn’t long before they realized how suitable Bitcoin is as a payment method which is why they featured it.

Not only will players be able to withdraw their funds instantly with this cryptocurrency, which is not the case with most of the other methods, but they also gain access to special Bitcoin games and void all types of fees. For comparison, e-wallets are the only other payment methods that have instant withdrawals at these sites, but they often come with fees. Not only that, but online casinos do not consider them eligible for their bonuses. That is not the case with Bitcoin.

Expedia

If you are planning to take a break from everything and use some of your free time to visit the world’s best tourist destinations, then you can rest assured knowing that you can use Bitcoin to book your arrangements. Expedia is the world’s biggest online travel agency and at this company, you can use Bitcoin to book over 700,000 hotels globally.

Microsoft

Next up, we have one of the biggest tech conglomerates in the world. Bill Gates, the owner of Microsoft, has been supportive of Bitcoin which is why Microsoft was among the first global brands that started accepting Bitcoin payments. By using this cryptocurrency, you will be able to purchase various products and services from this company.

Shopify

Finally, we have one of the world’s biggest e-commerce sites. Shopify is a Canadian-based site in which you can find pretty much every type of product. Bitcoin is featured as a payment method, among several others, and users can enjoy its safety and security while browsing for things to buy.

Honourable Mentions

Other brands that accept Bitcoin are Overstock, Whole Foods, AT&T, Wikipedia, etc.

Back to top button