What Can You Buy with Bitcoin?

After the initial bustle among traders in accepting bitcoins at their retail or online stores, most of the interest is reduced because of the increasing cost of bitcoin transactions and unstable price movements make it less attractive as a means of exchange

That does not mean that there is no outlet to spend your bitcoin, however, far from it. It's just that the volume of bitcoin in these outlets generally doesn't meet expectations, and when you read this, some people might have stopped that option.

But at the time of writing, you can still buy various goods and services with cryptocurrency. Among the advantages of doing so are the ease of cross-border transactions, and anonymity (unless you want physical shipping, of course). By accepting bitcoin, traders get access to a wider market, and don't have to worry too much about chargebacks (where buyers cancel payments after receiving the product).

If you want to use bitcoin to buy gifts, the most obvious solution is a gift card, via Gyft or eGifter. The recipient will then be able to spend the gift card at one of the various retailers.

You can pay for flights and hotels with Bitcoin, through Expedia, CheapAir, and Surf Air. If your ambitions are higher, you can pay for space travel with some of your big ownership, through Virgin Galactic.

Microsoft accepts bitcoin in its application store, where you can download film, games, and application-based services.

Some musicians (Bjork, Imogen Heep) will let you download their music in exchange for cryptocurrency.

Need to complete your home or buy a special gift for someone? Overstock was one of the first major retailers to start accepting bitcoin, in 2014, and its founder - Patrick Byrne - is still one of the most active technology advocates.

Want gold? Sharps Pixley, APMEX and JM Bullion will take bitcoin from your hand in exchange for bullion.

And if you are hungry and live in the US, PizzaforCoins will send pizza to your home (depending on where you live) in return for bitcoin.

If you know you are hungry, some private and public universities and some preschools in New York accept bitcoin.

Some law and accounting companies also accept payments for their services in cryptocurrency.

Of course, you can always buy yourself some happiness by donating to one of the charity recipients of bitcoin or crowdfunding sites, like BitHope, BitGive, or Fidelity Charitable.

For a list of offline stores near you that accept bitcoin, check aggregators like SpendBitcoins or CoinMap.

(Note: certain businesses mentioned here are not the only available options, and should not be considered as recommendations.)

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