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What Is Bitcoin And Where Can You Use It

Bitcoin is a digital currency that can be used to buy products or services over the internet. It can also be used to sell things online. However, it is possible to pay using Bitcoin only to the companies and people that accept bitcoin as a payment option. In fact, Bitcoin varies from conventional currencies in many ways. One of the significant differences is that Bitcoin is a non-physical currency and no real coins or notes exist. You can find it only online. Online sources like insidebitcoins.com are popular destinations for buying Bitcoin and other cryptocurrencies. It is an automated trading software designed to execute trades on user’s behalf. It can be purchased through trustworthy online exchanges and stockbrokers. In addition to that, you can buy it from other Bitcoin owners. Bitcoins are usually stored in digital wallets that can either be hardware-based crypto wallets or web-based hot wallets.

Now let’s check where you can use Bitcoin for making payments.

Online

  • Can Be Used For Giving A Tip And Charity– Bitcoin can be used for giving tips to authors for posting their articles and blog, which can be done by just click of a button. You can also make donations using Bitcoin in support of causes. It is also possible to purchase Reddit Gold using bitcoin and can be distributed.
  • Essential Household Items – You can buy almost all necessary household products using Bitcoins.
  • Buy Gift Cards – You can use Bitcoin for buying gift cardsfrom online platforms like eGifter, or Gyft. Once you purchase, you can redeem them at popular e-commerce websites like Amazon, BestBuy, and more.
  • Purchase Video Games– Companies like Microsoft have launched games and other applications for Bitcoin recently. In addition to that, servers like Minecraft servers are leveraging the network of Bitcoin to enhance their in-game currency!

Offline

  • Pay For Food Or Drinks– You can pay at restaurants, hotels, or coffee shops for the food, drinks, or services offered through the Bitcoin payment option.
  • Use It When Traveling– American online travel shopping company h Expedia and online travel agency CheapAir now accept making payment using Bitcoin. So, you can book rooms of hotels on Expedia and book air tickets on CheapAir with this digital currency. The good news is that some car dealers are now accepting Bitcoin as a payment method.

Other places where you can use Bitcoin for buying their products or services include

  • Microsoft Xbox– Using an Xbox gift card, it is possible to buy games, movies, music, apps, and much more with Bitcoin.
  • Namecheap– You can purchase domains, web hosting, SSL certificates, etc available on Namecheap using Bitcoin.
  • Newegg (NEGG)– Electronics, computers, game consoles, etc can be purchased using Bitcoin.
  • Shopify – You Can Make Bitcoin Payments On This E-Commerce Platform. Service providers like AT&T, ProtonMail, Wikipedia are now accepting Bitcoin payments, either directly or with the help of third-party providers. In addition to that many restaurant and retailing giants such as Baskin-Robbins, Crate & Barrel, Starbucks have started embracing Bitcoin as a payment method. Simultaneously, the growing trend of cryptopresales adds a dynamic layer to the evolving landscape of digital transactions.

Now, you can pay school fees using Bitcoin as many schools have started accepting Bitcoin as a payment option.