How to Spend Bitcoin?

[gamer4156]

We can spend bitcoin in many ways. Bitcoin can be used for gambling, trading and various online payments. We can buy various necessities online at home during quarantine. And there are many easy ways to spend money, but it is difficult to make money. You should spend it in a place where you know it will work.

[noormcs5]

We can spend bitcoin in many ways. Bitcoin can be used for gambling, trading and various online payments. We can buy various necessities online at home during quarantine. And there are many easy ways to spend money, but it is difficult to make money. You should spend it in a place where you know it will work.

The only limitation in spending bitcoin is that it is not accepted everywhere and you can only use in online shops who accept bitcoins. In my country many online shops of grocery does not accept bitcoins and hence i am unable shop from them using bitcoin during the lockdown and quarantine.

[CarnagexD]

There are so many ways of spending BTC so many that if you yet don't know how after being in the cryptocurrency space for a while then that's not a good sign. BTC nowadays can be spent in stores in some place though most of the transaction happen in online stores. For instance you could convert BTC into different types of gift cards and that's a good way to spend it, ot by paying for services straight up. 

Wise spending of your bitcoin will really make you more effective in manipulating it in the market. If you know when to spend your bitcoins, then you also have a good timing in making transactions with that. BTC nowadays are really essential because the use of fiat currency or physical money is not the best option as a payment. Some people are using bitcoin in many transactions, because it is much safer, we all know that.

The point is that BTC is spendable.

This is true, but you should consider a lot of things before spending it. Bitcoin is not that easy to save and grow so you should spend it into more valuable things that you will really need and benefit as you have it.

[BITCOIN4X]

The only limitation in spending bitcoin is that it is not accepted everywhere and you can only use in online shops who accept bitcoins.

Exactly, there are restrictions on the function of bitcoin as a currency in a country that still prohibits its use as a legal payment tool.

In my country many online shops of grocery does not accept bitcoins and hence i am unable shop from them using bitcoin during the lockdown and quarantine.

For that reason I dont think that there is a physical store that can accept it as a means of payment because it is strictly prohibited. So far only in online stores. But you will also get the bitcoin function if you exchange fiat first before shopping at a physical store.

[Naida_BR]

There are so many ways of spending BTC so many that if you yet don't know how after being in the cryptocurrency space for a while then that's not a good sign. BTC nowadays can be spent in stores in some place though most of the transaction happen in online stores. For instance you could convert BTC into different types of gift cards and that's a good way to spend it, ot by paying for services straight up. 

Wise spending of your bitcoin will really make you more effective in manipulating it in the market. If you know when to spend your bitcoins, then you also have a good timing in making transactions with that. BTC nowadays are really essential because the use of fiat currency or physical money is not the best option as a payment. Some people are using bitcoin in many transactions, because it is much safer, we all know that.

The point is that BTC is spendable.

This is true, but you should consider a lot of things before spending it. Bitcoin is not that easy to save and grow so you should spend it into more valuable things that you will really need and benefit as you have it.

Not easy to grow?
What do you mean exactly? There are so many ways and incentives that push you to hodl your Bitcoins. They exponentially grow in value and in volume with so many activities such as hodling, trading, investing in projects etc. There is not mandatory to spend them immediately.

[LogitechMouse]

We can spend bitcoin in many ways. Bitcoin can be used for gambling, trading and various online payments. We can buy various necessities online at home during quarantine. And there are many easy ways to spend money, but it is difficult to make money. You should spend it in a place where you know it will work.

The only limitation in spending bitcoin is that it is not accepted everywhere and you can only use in online shops who accept bitcoins. In my country many online shops of grocery does not accept bitcoins and hence i am unable shop from them using bitcoin during the lockdown and quarantine.

I feel you. Also in my country, many merchants doesn't accept Bitcoin as a mode of payment.

What I'm doing when I need to pay some bills or buy some things using my Bitcoin is that I will convert my Bitcoin into our own currency and that is what I'm using to buy things online. BTC to Fiat conversion is what I'm doing. Now Binance has added a crypto to fiat transaction and it also has 0 fees so for me, it would be more convenient to transact and convert my Bitcoin there because in the App that I'm using for conversion the fee is high unlike in Binance which has 0 fee.

[azmirihaque]

Spending bitcoin is just a personal matter. It depends upon needs. You have spent as per your needs. I may not have necessary to spend for the same reason. Besides, many people hold bitcoin for making investment and trading. They don't want to spend for purchasing. So, this matter varies from person to person.

[christhemaner]

I still don't see the point of spending Bitcoins. For me this is just a good investment.

[babykika2027]

Im not sure that right now is a good time to spend btc unless you full in. Im just hodling everything in my ownr wallet (safer than exchanges) and just waiting for new ATHs. You shouldnt spend your btc for ordinary purchases

[OlaniyiBabs]

having bitcoin in your wallet is like a life investment, shopping with bitcoin is one of the core reasons bitcoin was created, so now depends on your choice of using it, unlike mine intentions of dealing with bitcoin is to trade, hold and investing with it, just that i havent seen any reliable platform to invest my bitcoin, and i will be very glad to know where i can 

[Dsdaq]

There is new use case for #Bitcoin. You can make use of Bitcoin, Ethereum and other stable cryptocurrencies as collateral to invest in regular financial assets like Oil, Gold, Tesla and Google stocks.

You can put 1 Bitcoin can exchange $7000 to invest in Tesla! if You put leverage, you can use 10X leverage on Tesla

 

[mikeauerbach]

The most urgent issue for me is how to earn Bitcoin now. I can't understand people who are spending Bitcoins right now. Do you really need all this silly stuff? I don't think so, it's better to have some extra money amid the pandemic.

[de_ingenious]

Honestly, I wouldn't spend any Bitcoin rn. Even though I know that this can slow down the adoption (for example, the less you ask merchants if they accept Bitcoin, the less they have a need to establishing BTC payments in the first place), I think of Bitcoin as an asset of future. For now I only hodl

[bitbunnny]

Im not sure that right now is a good time to spend btc unless you full in. Im just hodling everything in my ownr wallet (safer than exchanges) and just waiting for new ATHs. You shouldnt spend your btc for ordinary purchases

It's always good time to spend Bitcoin, why not. People have different reasons and different motives and not all are just Bitcoin holders. Also, some people have constant source of Bitcoin profit or earnings so they like to spend it.
I beleive that Bitcoin was created for some practical use and purpose, like spending is, not only as an investment or to be kept in some wallet indefinetely. So, from my perspective spending Bitcoin is good and that shows its use in real world.

[panganib999]

Hi Y’all,

I don't know how about you guys but I'm really bored being quarantined in my flat. So I did the “Best” thing possible. I started to shop online. I had some bitcoins left so I decided to spend them as well.

And it turned out that was an adventure in itself. 

So I compiled my favorite options of spending bitcoins in an article, which I managed to publish on Paybis.

In case you are interested, you can check it out here: https://paybis.com/blog/how-to-spend-bitcoin/

I’d like to turn this post the best one on the topic, so I’d appreciate some
recommendations as to what other spending methods I should add.

Thanks and see you around after this quarantine ends!

You do have clearly elaborated on how Bitcoin can be spent in many ways which are not already new since I think everyone already knows those common ways but it was really a big help specially for those who are new into having Bitcoin and wanted to use it for quite sometime at this stage of pandemic.

Your blog just shows on how Bitcoin can really work to be spent on many ways possible and that was really good. But still always remember that having Bitcoin is really like a privilege since it is already hard to obtain or earn by just doing campaign unless you are knowledgeable on trading or have money to buy or invest to have Bitcoin by that way. The point is that do not just focus on how you can spend your Bitcoin, still do also think about how you can obtain more because it is valuable and you can use it on a more important matter. Learn to balance the spending and at the same time earning so you can stabilize having Bitcoin specially now that it is hard to be acquired.

[Shasha80]

To be honest, I prefer to save the bitcoin that I have rather than spend it. Because bitcoin is for me the best investment to be able
to make a profit. If indeed I have to spend bitcoin, I prefer the traditional way to spend it. By converting the bitcoin that we have
into fiat, after that I just bought some of my needs.

[rodskee]

We can spend bitcoin in many ways. Bitcoin can be used for gambling, trading and various online payments.

The beauty of this system, adoptions from several businesses are already existing. You can choose from all the available
channels or industries that you like to spend your btc.

We can buy various necessities online at home during quarantine. And there are many easy ways to spend money, but it is difficult to make money.

Indeed, you can pick from online services who accepts bitcoin as payment process, no need to transact using physical fiats.

You should spend it in a place where you know it will work.

This is very important, you should use your bitcoin to something that you are fully aware to avoid getting scammed.

[Chikito]

I still don't see the point of spending Bitcoins. For me this is just a good investment.

If you don't have cash, only have Bitcoin on the pocket, pretty sure you will buy some food with It.

just that i havent seen any reliable platform to invest my bitcoin, and i will be very glad to know where i can 

Be careful do not to invest in the wrong place, you can see here a lot of Ponzi scheme investment. In your first sentence, having bitcoin on your wallet with your own private key is a good investment.

The most urgent issue for me is how to earn Bitcoin now.

Buy it on an exchange or earning faucet.

[Yatsan]

To be honest, I prefer to save the bitcoin that I have rather than spend it. Because bitcoin is for me the best investment to be able
to make a profit. If indeed I have to spend bitcoin, I prefer the traditional way to spend it. By converting the bitcoin that we have
into fiat, after that I just bought some of my needs.

Yeah investing money into bitcoin is one of the best you can ever make (If you have a good entry point), cause it's always just going upward and even though it's losing sometimes the chart have proven that no matter what, it will still pump!

And also, spending bitcoin literally is not a good move cause, it is going to eat more fees for the transaction! So the best way to spend it, is to convert it into fiat and spend your fiat! Easy as that and you will avoid all the fees when you are going to buy something using bitcoin. 

[Heart18]

Hello!We must admit that the world now is being high technology driven, and virtual transactions are now made anywhere...and its the best thing to do, esp.this time to stay safe from covid19. And in connection with that, we can use Bitcoin to purchase  different products online, in some selected stores like Amazon and Best Buy that accepts Bitcoin directly, we can also use it to purchase gift cards, and some people use it in mobile games and other apps, while the other use Bitcoin to donate in some charities without any hassle. So you see, Bitcoin is the most easiest way to manage purchases and other transactions online, but it can also be a great investment for us...we just need to learn more about it so life will be more easier for us now and in the future.