In the last decade, Bitcoin has grown as an asset to be used for trading and has received upgrades to enhance the capabilities of its transaction processing. Many businesses are now accepting Bitcoin (BTC) in lieu of payment methods on the internet and in person.
In 2009. Bitcoin would be expected to be a platform for everyday transactions, which would allow you to purchase anything from coffee to a laptop computer as well as an apartment.
The current Bitcoin price is $19,930.10 USD, with a 24-hour transaction volume of $24,571.466,342 US dollars. Its course changed slightly after the launch. It became a preferred channel for various criminal acts.
But that’s not all Satoshi Nakamoto’s invention is utilized to serve. The number of products and services that you can purchase from bitcoin legally is greater than you believe and is growing every day.
How to buy Bitcoin (BTC)?
To purchase Bitcoin or any other cryptocurrency you’ll require a cryptocurrency exchange for cryptocurrency where buyers and sellers can meet to trade dollars for. There are numerous exchanges to choose from however, as a novice it is best to go for one that combines user-friendliness with low charges and high security.
You can choose the best exchange platform for Bitcoin exchange as per your demands. Every exchange platform has its own policies and terms that you need to meet in order to exchange bitcoin.
KuCoin is a large crypto exchange that lets you buy, sell and trade cryptocurrencies. Kucoin allows you to buy and sell currencies like Bitcoin (BTC) Ether (ETH), and Tether (USDT) as well as other similar tokens.
Things You Can Buy With Bitcoin
Although the number of establishments accepting bitcoin is increasing every day, major transactions using it are extremely rare. For instance, only a few transactions in real estate that involve bitcoin have been documented. However, it is possible to purchase a broad range of goods from e-commerce websites that accept bitcoin. Here are a few of the most popular categories.
While Tesla was the subject of headlines in the month of May 2021 when its CEO Elon Musk declared that the company will no longer accept bitcoin as a form of payment The used car market is still bitcoin-friendly and is for quite some time.
BitCars is an example of an online dealer that offers luxury cars that are of every kind including Teslas, and its inventory is priced in BTC. If you’re ever looking for acceleration, then you could buy a Lamborghini Huracan on BitCars on their website for 10 BTC.
2. Video Games
It was the case that in the past times, you needed to go to a physical shop to buy a game. Nowadays many gamers shop on the internet. Video games are now an electronic possession, just as digital currencies are. Therefore, it’s normal that more and increasing top gaming platforms are now accepting Bitcoin.
- Xbox — Use Bitcoin in order to buy games, extras, or Xbox Live services.
- Humble Bundle is an online store that gives some of its earnings to charitable causes.
- Big Fish Games — A casual gaming company with its headquarters in Seattle, Washington.
3. Real estate
The purchase of real estate using bitcoin or other cryptocurrencies has grown from an unusual practice since the first bitcoin property sale took place in the year 2017. In June the year of the penthouse, a Miami penthouse was purchased at $22.5 million in cryptocurrency the largest transaction ever made using cryptocurrency. Many real estate companies around the world currently offer listings in bitcoin too such as:
4. Watches and jewelry that are expensive
Many luxury product retailers and manufacturers have started taking bitcoin payments as a means of payment. BitDials, an online luxury retailer BitDials provides Rolex, Patek Philippe, and other top-quality watches for bitcoin or other cryptocurrencies.17 The luxury watchmaker Franck Muller also created watches encrusted with diamonds and gold with a QR code from the bitcoin origin block.18 A few other jewelry stores have joined with payment processors in order to facilitate transactions using cryptos through their stores.
5. Private jets
Travelers who are savvy to crypto and have bigger pockets are now able to fly privately thanks to firms such as BitLux and flyExclusive. Both recently began accepting bitcoin exchange as payment to purchase private jet charters.
If you’re thinking of buying your own plane for yourself using Bitcoin, AvaTrade allows you to do that and offers a wide selection of planes on the site that are worth thousands of dollars.
In the majority of cases, insurance companies have shifted with caution when it comes to the direction of embracing cryptocurrency. However, things are changing. Although life insurance is not available, some insurance companies are now accepting bitcoin payments for premiums for other products within their portfolios.