Do you spend crypto? If yes, for what?

[Shasha80]

Our government legalize crypto only for trading purpose but still isn’t fully ready to spend. prohibited for legally use for payments but some store accept crypto which is very rare case.  So i usually don't spend crypto directly, just convert to fiat and withdraw bank account and then use legally. Although i did several online payment with crypto already.

Indeed, there are still many countries that prohibit using crypto for payments, so the best solution is indeed like you did by first converting
the crypto that we have into fiat, then after that spend it. After all, the process for converting crypto to fiat, and enter to our bank account
can be done on the same day. So I don't think it's a problem if we can't spend crypto directly. But I believe in the future all countries will legalize
crypto as a means of payment, for now we really have to be patient following the rules of the country where we live. So that we are not penalized
for violating state regulations.

[Pejoh Asu]

When I really need money or want to buy something and there is no money in the bank then I immediately sell crypto, and last February I bought a smartphone for $800 from BNB and ETH which I sold.

[BlackBaron]

We have transacted to buy goods in the form of NFT on Binance, several services such as VPNs and goods sold by the crypto community. I hope that in the future crypto will get support for exchanging goods and services around the world, transactions are better than fiat for transaction speed.

[Lantind]

When I really need money or want to buy something and there is no money in the bank then I immediately sell crypto, and last February I bought a smartphone for $800 from BNB and ETH which I sold.

It's all just about strategy in your life because everyone will definitely sell their assets when they really need money for their life and also for more important things in life where it can't be postponed.
So I guess things like that are always different for everyone and also not everyone wants to tell it to other people.

[TopT3ns]

When I really need money or want to buy something and there is no money in the bank then I immediately sell crypto, and last February I bought a smartphone for $800 from BNB and ETH which I sold.

It's all just about strategy in your life because everyone will definitely sell their assets when they really need money for their life and also for more important things in life where it can't be postponed.
So I guess things like that are always different for everyone and also not everyone wants to tell it to other people.

Actually with our needed in daily day is most important than how much assets of cryptocurrency saving on wallet, I think ever on the above position where prefer selling altcoin assets to buy some thing than keep hold it. I think have several people claimed as stupid decision when we try selling altcoin or bitcoin assets still on lower price, they don't know about what most important needed in our life and we have sell several altcoin assets to buy what we want. Keep applause with selling BNB and ETH assets to buy smartphone but looks most expensive I think because with purchase $400 have got good mobile phone.

[yazher]

I mostly spend my crypto balance for phone credit because it has freebies and some buy-back features when you use crypto to pay them. I also use to buy some expensive stuff using the convenient local exchange that we have in our country. There are lots of things you can buy now with crypto, especially the stores that are like eBay in our country, They accept crypto as payment because they already know that there are lots of locals using it right now than before. You don't need to worry about where to spend it nowadays, you just need to have them in your wallet and the choices are multiples to choose from.

[Coin BTC]

Our government legalize crypto only for trading purpose but still isn’t fully ready to spend. prohibited for legally use for payments but some store accept crypto which is very rare case.  So i usually don't spend crypto directly, just convert to fiat and withdraw bank account and then use legally. Although i did several online payment with crypto already.

yes of course so, because only most countries have fully legalized crypto and also many countries still prohibit cryptocurrency, and the only way and the best solution like you are doing is the best way and solution, by converting to FIAT first and enter the bank account. so in my opinion this is not a problem if crypto cannot be used directly, maybe in the future slowly maybe in the future we can use crypto as a means of payment.

and to be honest personally, I also did it by first converting it to a bank account, and once I made payments online using crypto.

[nimogsm]

The card is not available in my region yet, but it would be interesting to use it in the future.While it is necessary to change the crypt for ordinary money and then replenish your card.I paid with cryptocurrency several times in a cafe in a cafe a few years ago, there was no opportunity to pay in this way in ordinary life anymore.

[TheGreatPython]

When I really need money or want to buy something and there is no money in the bank then I immediately sell crypto, and last February I bought a smartphone for $800 from BNB and ETH which I sold.

It's all just about strategy in your life because everyone will definitely sell their assets when they really need money for their life and also for more important things in life where it can't be postponed.
So I guess things like that are always different for everyone and also not everyone wants to tell it to other people.

We all have our own goals on why we invest here in crypto. Some wants a to earn a profit so that they can buy the things that they want while some invest for long term to secure their future, etc. It's not right if you badly need it and you postpone it because your only hurting your self but once you insist to not spend, you just want to make sure that you will not sell at a loss because that is more unacceptable.

Delaying gratifications should mean that you have a better plan for your cryptos. Not all will showcase what they spend with their cryptos because they are humble but some are afraid and they think people will  judge them.

[Ronan0521]

I need to create a Web3 project, so I have to buy some ETH for transaction fee.

[marcous]

We have transacted to buy goods in the form of NFT on Binance, several services such as VPNs and goods sold by the crypto community. I hope that in the future crypto will get support for exchanging goods and services around the world, transactions are better than fiat for transaction speed.

If it can be strongly supported by all countries for the crypto space, then the users of the crypto space will be more and more widespread so that it will be famous by itself without having to be promoted gradually to everyone, because every use is always based on benefits and does not harm many people.

[bounceback]

I have never made payments using my crypto directly as a payment method when buying physical goods such as buying Hanphoen or other goods, because so far in the area where I live there are no shops that accept crypto as a means of payment even though the government in my country does not prohibit crypto in use it as a payment method, but the shop owner in my place is afraid to accept crypto as a payment method because crypto price movements are very volatile.

[strunberg]

When I really need money or want to buy something and there is no money in the bank then I immediately sell crypto, and last February I bought a smartphone for $800 from BNB and ETH which I sold.

that's good earning from crypto and it really help us to fill our needs. maybe there is no one suppose this market could give us alot money. beside as spending payment , we could our crypto as staking which is its return maybe bigger than deposit at common bank.

I have never made payments using my crypto directly as a payment method when buying physical goods such as buying Hanphoen or other goods, because so far in the area where I live there are no shops that accept crypto as a means of payment even though the government in my country does not prohibit crypto in use it as a payment method, but the shop owner in my place is afraid to accept crypto as a payment method because crypto price movements are very volatile.

at  some countries adoption not happen yet, but we still use our crytocurrency as investment assets for long term . someday while massive adoption coming to our countries , everything will be simple paying with crypto.

[MinMan]

I have been buying some electronic cigarette stuff recently, I do not want to link them here and look like I am just doing marketing, that would drop the credibility of the post and will look like I am shilling some company. However that is a very good idea, and I really like it. Some nations still ban selling e-cigs and that means from the nations that allow it, to nations that do not allow it, you could sell it. Why and how?

Well, when you are in UK for example, you are allowed to buy and sell, and if let's say someone from X nation wants to buy but it is illegal to sell there, you can sell from UK and you will be fine, since you are not bothered by that nations laws, who cares if it is illegal there, you are in UK and they can't touch you . So, crypto is a way that those nations citizens can buy it without getting tracked and they will be safe as well.

[federalmoney_official]

Cryptocurrency can be used for different perposes such as charity. Cryptocurrency and NFT can help many people in the world and attract attention to many problems. It can be used for different reasons and to help people like this https://twitter.com/impactwomen_nft/status/1507444356386545669

Cryptocurrency becomes more regulated, that is why more and more shops accept cryptocurrency.
But to increase the adoption of cryptocurrency it is necessary that cryptocurrency become more stable.

Cryptocurrency offers a lot of opportunities and more and more people want to use such opportunities.
That is why more shops accept cryptocurrency and adoption of digital assets grows.

[ije07]

If it can be strongly supported by all countries for the crypto space, then the users of the crypto space will be more and more widespread so that it will be famous by itself without having to be promoted gradually to everyone, because every use is always based on benefits and does not harm many people.

Crypto is now increasingly famous for its price increase which at that time was so fantastic that it became a high trend on social media at that time and invited many new investors to enter crypto, even though Crypto could not be used as a means of payment in some countries due to regulations.

Maybe a good alternative for Crypto users is to shop online so that we can choose to pay via Crypto.

[TopT3ns]

We have transacted to buy goods in the form of NFT on Binance, several services such as VPNs and goods sold by the crypto community. I hope that in the future crypto will get support for exchanging goods and services around the world, transactions are better than fiat for transaction speed.

If it can be strongly supported by all countries for the crypto space, then the users of the crypto space will be more and more widespread so that it will be famous by itself without having to be promoted gradually to everyone, because every use is always based on benefits and does not harm many people.

Will be bitcoin strongly when getting supported by all countries around the world, but United State dominance and their decision with another country business not agree when getting some countries have legal bitcoin as currency transaction payment. United State most impact with their USDT value drop and not worth again when bitcoin as currency payment. We can see when Russia announce with gas payment with Rubel and now USDT less function as currency payment on the world, I think still possibility with bitcoin as legal currency payment at the future if keep stable on higher price.

[fauzan Ichsan]

Here's a question to the audience. Do you actually buy stuff with crypto, like services or goods? If yes, what kind?

I've recently got a Binance card to play around with and use it to pay for everyday expenses. Works pretty well.

I personally have not been able to use it directly as a means of payment, given the prohibition in my country that limits the use of crypto as a means of payment. on the other hand I can only use it when it is converted to fiat currency. even from crypto earnings, I've spent it on buying a house. how nice it would be for a country that has ratified it, of course it can be felt free from inflation

[uelque]

Here's a question to the audience. Do you actually buy stuff with crypto, like services or goods? If yes, what kind?

I've recently got a Binance card to play around with and use it to pay for everyday expenses. Works pretty well.

I personally have not been able to use it directly as a means of payment, given the prohibition in my country that limits the use of crypto as a means of payment. on the other hand I can only use it when it is converted to fiat currency. even from crypto earnings, I've spent it on buying a house. how nice it would be for a country that has ratified it, of course it can be felt free from inflation

I guess most of us have not been able to use crypto directly as a payment for something due to each of our countries policy. I think in my country, we still don't have a platform that allows crypto as a payment system. But if given a chance to use crypto as a payment for something, I would still prefer real fiat or digital money rather than crypto because of crypto's volatility. Who knows what might be the value of the crypto I have spent few years from the day I have spent it. I would rather see crypto as a form of investment for now.

[CaptainCrapper]

Here's a question to the audience. Do you actually buy stuff with crypto, like services or goods? If yes, what kind?

I've recently got a Binance card to play around with and use it to pay for everyday expenses. Works pretty well.

I use crypto for investment personally I compare with the share market and if I give time here I can get very good feedback from hare so I am investing and getting very good feedback.