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Author Topic: Are any mainline stores accepting BTC  (Read 119 times)
xcaret (OP)
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May 03, 2021, 09:23:58 PM
Merited by OmegaStarScream (2)
 #1

Once again, I'm wondering how to spend some bitcoin. I paid a fee to buy it, and to convert it back into cash is an even larger fee. I have yet to find a store accepting it.
I don't mind watching it go up in value, but times are tuff, and that's why I invested a little in BTC.
What is the end game when we sell??  Does the tax man take most of it ?
My 3 banks I deal with won't accept transfers from crypto exchanges . I don't want to convert it to cash if there are merchants accepting it .
How about Amazon??
Fatunad
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May 03, 2021, 09:34:35 PM
 #2

Once again, I'm wondering how to spend some bitcoin. I paid a fee to buy it, and to convert it back into cash is an even larger fee. I have yet to find a store accepting it.
I don't mind watching it go up in value, but times are tuff, and that's why I invested a little in BTC.
What is the end game when we sell??  Does the tax man take most of it ?
My 3 banks I deal with won't accept transfers from crypto exchanges . I don't want to convert it to cash if there are merchants accepting it .
How about Amazon??
When it comes to major retailers or companies accept bitcoin atm.

https://www.buybitcoinworldwide.com/who-accepts-bitcoin/

Just look into those but if you dont find one on what you do need or you do just basically prefer on buying near side your local then better to wait
if you cant find one because bitcoin isnt globally adopted yet so you can really expect that it isnt available in every corners of the world.
kram31
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May 04, 2021, 03:14:37 AM
 #3

Once again, I'm wondering how to spend some bitcoin. I paid a fee to buy it, and to convert it back into cash is an even larger fee. I have yet to find a store accepting it.
I don't mind watching it go up in value, but times are tuff, and that's why I invested a little in BTC.
What is the end game when we sell??  Does the tax man take most of it ?
My 3 banks I deal with won't accept transfers from crypto exchanges . I don't want to convert it to cash if there are merchants accepting it .
How about Amazon??

I think there are some merchants accepting bitcoin, but I never try Amazon yet, or you could use google to find out in which of the merchants
accepting Bitcoin as one of their electronic payment options. Or it depends in the country you belongs too. I am pretty sure that there is a close store in your local place that is accepting bitcoin anyway, just try to look around anyway.
NeuroticFish
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May 04, 2021, 08:21:29 AM
 #4

Once again, I'm wondering how to spend some bitcoin. I paid a fee to buy it, and to convert it back into cash is an even larger fee. I have yet to find a store accepting it.

You can easily search for stores around you with https://coinmap.org/view/#/map
Also Overstock or Newegg do accept it, for example.

Another possible option could be to buy a Visa/Mastercard card that you can top up with Bitcoin. Depending on your country, the availability is on the rise and their prices and fees started to drop. However, you'll need the evil KYC for that.

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SFR10
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May 04, 2021, 10:27:24 AM
Merited by OmegaStarScream (2)
 #5

How about Amazon??
Directly, "NO", but indirectly, you have the following options:


if there are merchants accepting it .
In addition to the above suggestions, the following links might come in handy as well:


Take note: Always DYOR prior to using any of the listed websites.

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Insanerman
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May 04, 2021, 08:38:20 PM
 #6

Once again, I'm wondering how to spend some bitcoin. I paid a fee to buy it, and to convert it back into cash is an even larger fee. I have yet to find a store accepting it.
I don't mind watching it go up in value, but times are tuff, and that's why I invested a little in BTC.
What is the end game when we sell??  Does the tax man take most of it ?
My 3 banks I deal with won't accept transfers from crypto exchanges . I don't want to convert it to cash if there are merchants accepting it .
How about Amazon??

Tons of good suggestions by other users... or you can just go out and ask the stores if they accept crypto. I mean it is just a simple action. AFAIK, Some Starbucks stores accepts crypto. Also, If you pertains to online merchants/stores if they accept crypto, it is common that they often don't, as it is way too risky not only on their end but also on your side. If it is in physical stores, I know that most stores once they accept crypto they always show posters or cards about it. No need to search for certain merchants.
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May 05, 2021, 10:39:24 AM
 #7

What is the end game when we sell??  Does the tax man take most of it ?
This depends on your country of residence. My income is highly taxed, HODLing is taxed annually, but capital gains are tax free.

How about Amazon??
Directly, "NO", but indirectly, you have the following options:

For more options, see [ List] Gift cards providers.
I've read that Amazon blocks accounts in some cases though, if you try to pay with a couping. Adding a creditcard first might improve your odds.

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dkbit98
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May 05, 2021, 10:57:56 AM
 #8

Once again, I'm wondering how to spend some bitcoin. I paid a fee to buy it, and to convert it back into cash is an even larger fee. I have yet to find a store accepting it.
I don't mind watching it go up in value, but times are tuff, and that's why I invested a little in BTC.
What is the end game when we sell??  Does the tax man take most of it ?
My 3 banks I deal with won't accept transfers from crypto exchanges . I don't want to convert it to cash if there are merchants accepting it .
How about Amazon??

There are many ways you can spend Bitcoin, one is directly in shops that accept Bitcoin but that depends on specific country and city you live.
In some countries of Europe like Slovenia you can buy everywhere you want with Bitcoin directly or using their Elly application and it is widely spread.

Second option would be using debit cards and services like Coinbase card, Binance card, Revolut, etc. that allow you to send Bitcoin to their app and spend fiat with your card in any shops and atm that accept Visa or MasterCard.
Problem with this is that you are not really owner of Bitcoin the moment you send it to centralized service, so I would suggest sending only smaller amount of coins when you need to buy something, and keep rest of the BTC in your open source wallet that controls private keys (Electrum, Wasabi, Blue Wallet...).

For purchasing something on Amazon you can use purse.io website, pay with Bitcoin then get 15% discount and you can also earn crypto buy using their service:
https://purse.io/

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