How to Spend Bitcoin?

[bobitza]

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!

If you want to spend your bitcoins, you can sell them to those in need. You can post for sale on Bitcoin forums. However, with the ongoing epidemic, the price of bitcoins will not be high. Do you accept sell loss or not? I think you can keep hoarding to wait for the opportunity. Your quarantine at your apartment does not affect your bitcoin exchange much. Because you only need a computer or a smartphone that can handle everything.

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[AniviaBtc]

Spending bitcoin should be more complex and worth it. You should not waste every amount of your bitcoin in your wallet and as soon as possible study the market. You should always keep in mind that good decision making is essential in bitcoin transactions and also in every market situation.

Bank accounts are no longer necessary. No discrimination. 

No, even if you can legally spend bitcoin anywhere and anytime, you still need to have a bank account to refill balance your bitcoin balance in wallet. So far I have not found a way how someone can buy bitcoin on the exchange or a bitcoin atm without a bank account.

Banks are still a safe place for your fiat, although you have separate wallet from your bitcoin, you still need it. Bank accounts are still reliable for some other transactions where you need to refill your balance if you want to. It is better to have two wallets with a different type of currency so that you will not have a problem if you buy bitcoin on exchange.

[winterlemon912]

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!

Coinmarketcap and coingecko is the best site we can visit to know the ups and downs of the price of any crypto currency and we can know how to spend Bitcoin wisely on a right way and a right time because if we use Bitcoin and spend it while it is in the low value and the bullrun comes, we are not going to earn in holding it so it is better if we check the coingecko or coinmarketcap every time we want to spend Bitcoin. There are also different features in those sites that we can compute the price of any crypto currency.

[dersu1995]

There are some ways how to spend bitcoin, example is you can trade or mine for it.


For trading

When you trade cryptocurrencies with IG, you are speculating on whether your chosen market will rise or fall in value, without ever taking ownership of the digital asset. This is done by using derivative products suForch as CFDs.

For mining

In contrast to buying cryptocurrencies, mining Bitcoin involves smaller fees (if you decide to join a pool) and the transactions are usually faster. With Bitcoin mining, you can save from deposit and withdrawal fees, as well as from transfer and trading fees. You may either join a pool or try your luck. To increase your chances of earning Bitcoin, you may consider joining a pool. A single pool combines the hash power of all miners involved in order to increase the chances of solving a block. Once the reward has been sent, the amount will be split according to the hash rate that you have contributed to the pool.

[rodskee]

Don't spend your all bitcoins in a one time. You should hold few bitcoin for your future.

Most of the people who are involve here find bitcoin as assets for investment, people who
involve themselves around loves holding for future value.

You can spend bitcoin for anywhere  in online shop and other place. Still, I hold my few balance for future and spend my Bitcoin and Ethereum for my necessary. 

You can spend bitcoin online, there are many stores who already adopting the system and
start using bitcoin as payment process.

[CryptoEndorse]

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!

Hey BitcoinYu,

I know the feeling. You got some really nice suggestions there. Personally, the gaming factor is strong here, so I wouldn't mind using some for online games and casinos.

By the way, I have a nice suggestion for you from a colleague of mine. You can have a look here: https://cryptomaniaks.com/latest-cryptocurrency-news/where-can-i-spend-bitcoin

I would love to help you out with turning this post into the best one on the topic. 

Thanks

[LimLims]

Op in the Quarantine better to save some money for the future.
In the Quarantine time you should not spend lot of money just only to pass the time. You can play online games, watch movies if you feel like bored.
If you have more money to keep then it's better to donate some to the needy person right now who are jobless.
Yes you can spend the Bitcoins in various ways but please we should do that whenever it is necessary in this pandemic situation.

[maximumcoin]

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

I think that main mission of cryptocurrency later is a coin which get used to pay quickly and widely that don't have any national barriers with lowest fee, and Bitcoin is also among them. So we can use it to pay for anything that we want

[radjie]

Op in the Quarantine better to save some money for the future.
In the Quarantine time you should not spend lot of money just only to pass the time. You can play online games, watch movies if you feel like bored.
If you have more money to keep then it's better to donate some to the needy person right now who are jobless.
Yes you can spend the Bitcoins in various ways but please we should do that whenever it is necessary in this pandemic situation.

agree with you, if indeed Op feels bored with quarantine you have to fill other activities by playing online games or looking for entertainment to watch movies. and if Op feels that he has a lot of money saved in cryptocurrency (Bitcoin), it's better to use it to do social activities by giving donations to people who really need it during this pandemic

[minersday]

I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

Its quiet sad you see Bitcoin as investment rather than a digital currency for transaction of goods and services. Bitcoin was never meant to be an investment coin, but rather a digital currency like fiat currencies. But its quiet unfortunate that Bitcoin is seen as an investment entity rather than a digital currency.

[hisuka]

I think that main mission of cryptocurrency later is a coin which get used to pay quickly and widely that don't have any national barriers with lowest fee, and Bitcoin is also among them. So we can use it to pay for anything that we want

This is the purpose of crypto that we can use or spend it online. Not just a store of money in our wallet we have also choose to spend it. Well it depends on us on how we manage our asset in crypto. Op have the choice and for sure he has some for hold and long term investment.

[erikoy]

I think that main mission of cryptocurrency later is a coin which get used to pay quickly and widely that don't have any national barriers with lowest fee, and Bitcoin is also among them. So we can use it to pay for anything that we want

This is the purpose of crypto that we can use or spend it online. Not just a store of money in our wallet we have also choose to spend it. Well it depends on us on how we manage our asset in crypto. Op have the choice and for sure he has some for hold and long term investment.

In my case I see crypto as an investment because one can earn on it by buying and selling crypto. It just need a good habit when to buy and when to sell crypto. Mostly buying crypto when market is crashing would be the best thing to do. And if you are in a hurry then it might be good also to invest now and earn small amount whenever there will be an increase for bitcoin. Then never going to buy again when market is high already because this the reason why many losses in their investment with cryptocurrency.

[asus09]

I think that main mission of cryptocurrency later is a coin which get used to pay quickly and widely that don't have any national barriers with lowest fee, and Bitcoin is also among them. So we can use it to pay for anything that we want

This is the purpose of crypto that we can use or spend it online. Not just a store of money in our wallet we have also choose to spend it. Well it depends on us on how we manage our asset in crypto. Op have the choice and for sure he has some for hold and long term investment.

In my case I see crypto as an investment because one can earn on it by buying and selling crypto. It just need a good habit when to buy and when to sell crypto. Mostly buying crypto when market is crashing would be the best thing to do. And if you are in a hurry then it might be good also to invest now and earn small amount whenever there will be an increase for bitcoin. Then never going to buy again when market is high already because this the reason why many losses in their investment with cryptocurrency.

I see cryptocurrency is an investment and trading way how I can increase my earning every day although risk always on our faced, but we have looking for which one effective way to stop risk and get much profit with bitcoin and altcoin investing, we can track background of project coin first before going trough for investing or trading.

[svaboda54]

I wouldn't spend bitcoin. This is a great investment that requires waiting. You can spend other currencies.

[Innerpumper]

We can't really spend bitcoin here in our country that easy since there are a lot of people that still don't know what it is. If we really wanted to use it though, we can buy some shoppee or lazada points out of a local exchange using that bitcoin. It might not be the same as you people using bitcoin directly but, well, I am also using it.

Maybe making a giveaway is the best solution, by sharing Bitcoins (like airdrop) with the lay community, they will know its usability and they will try to apply it in daily life.

[peterpanda]

There are a lot of way to spend bitcoin if you have. You can purchase from online store, buy ticket from travel agency, gift card and you can exchange bitcoin into your local currency.

[sunshinelegit]

Spend it to make more money! With structured deposit, for example. Or make cryptocard, bound to the stablecoin, it will help to exchange bitcoin easily and spend this money

[lienfaye]

I spend some of my bitcoin recently to shop online and I used to pay my monthly bills through it because of the convenience and the fact that I dont need to fall in line when I go out.

I wouldn't spend bitcoin. This is a great investment that requires waiting. You can spend other currencies.

Well its a currency and was made as an alternative to fiat. It should be use as currency for spending but most of us prefer to hold instead because of the price fluctuation that can give us an opportunity to make profit by taking advantage the price movement.

[ufaiz50]

In my opinion, it is not a very important topic, interesting because it is packaged in easy to understand words. I'm sure many of us already understand how to spend our bitcoins and what they are spent on, everyone here has their own plan to spend bitcoins. Maybe it would be better to add transaction security tips and maybe tips for a cheaper transaction fee than usual. Apart from that I really appreciate the "how to spend bitcoin" in points 1 and 2.

[Fredomago]

I spend some of my bitcoin recently to shop online and I used to pay my monthly bills through it because of the convenience and the fact that I don't need to fall in line when I go out.

One of my favorite usages of this alternative currency, I can pay my bills online using my online wallet as they are catering this feature.

I wouldn't spend bitcoin. This is a great investment that requires waiting. You can spend other currencies.

Well its a currency and was made as an alternative to fiat. It should be use as currency for spending but most of us prefer to hold instead because of the price fluctuation that can give us an opportunity to make profit by taking advantage the price movement.

One of the reason why people are here because of this opportunities, as value keep changing from time to time.
If you manage to buy from the dip then expect increase when the value start rising high, you can buy and hold
the choice always depends from how you understand the system.