Estimated reading: 2 mins

 

So you’ve bought some Bitcoin (BTC)… now, what can you do with it? Well, there have been some very impressive purchases made using bitcoin, but here are some more every-day purchases:

 

Online Shopping

Major retailer Overstock accepts Bitcoin as a form of payment. They offer a massive range of products from furniture, apparel, jewellery, electronics and much more. Best of all, they now ship their products to New Zealand!
In addition to this, since the eCommerce platform, Shopify has integrated BTC payments for vendors. You can browse some of their stores by checking out this list here. 
With over 100,000 merchants accepting BTC as a form of payment your options are endless! On sites like Gyft and EGifter, you can buy gift cards with Bitcoin and can buy whatever you like online!

Or if you want your items direct head to:

  •  Xbox
  • PlayStation
  • Steam
  • Reddit
  • Wordpress
  • Culture Kings
  • Microsoft
  • Etsy
  • Pizzaforcoins

There are rumours that Amazon and eBay are next on the list to accept BTC as a method of payment.
Bitcoin could even help you find true love as it can be used as a form of payment on OkCupid, an online dating website matching singles.
Another thing you can do is donate the cryptocurrency to one of the BTC-accepting charities or crowdfunding sites, such as BitHopeBitGive or Fidelity Charitable.

 

Book Your Travel with Bitcoin

Several of the primary travel providers including Cheapair, Webjet Exclusives, and Virgin Galactic are now allowing customers to book their flights with BTC.
Expedia also accepts BTC so you can book your hotels when travelling. They do not allow Bitcoin payments for their flights. However, they have expressed that if all goes well, they are looking to expand their service to accept Bitcoin for flights. You can view the terms and conditions here.

 

Music

Bitcoin and the music industry have joined together, creating Bittunes were you can listen and share music through blockchain technology.
There are even some musicians such as Bjork and Imogen Heep who will let you download their music in exchange for cryptocurrency.
Rapper 50 Cent, let fans buy his album 'Animal Ambition' with BTC in 2014 and received 700 of them, this is now worth around $8 million!

 

Invest

One of the more popular uses of BTC (and other cryptocurrencies) is a form of investment. Bitcoin has seen a spectacular increase over the past year to date (approximately 1,100 percent), but this hasn’t been without its ups and downs.
Bitcoin has built-in scarcity due to its cap fixed at 21 million and a system that makes it harder to mine over time. This was intentionally designed to combat inflation (unlike the fiat currency system). Prices continue to increase as cryptocurrencies become more mainstream and their popularity continues to grow partially due to widespread media coverage.
As of this date, Bitcoin is trading at approximately $24,823.59 at the time of writing this (4/01/2018). On the 30th of December 2016 the price of BTC was USD $960, and since then the price had risen 1,941%.

 

Unsure which wallet to use for Bitcoin?

Read our Top 10 Bitcoin Wallets 2018 guide for advice!

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