What Can You Buy With Bitcoin in 2024

When Bitcoin (BTC) emerged, its primary goal was to revolutionize financial transactions as a peer-to-peer (P2P) digital currency. Envisioned as an alternative to traditional money, Bitcoin promised a new era of financial autonomy and digital simplicity.

However, the journey of Bitcoin hasn’t followed a straightforward path. Its character has been shaped significantly by its volatility, leading many to view it as a digital equivalent of gold – a store of value rather than a means of daily transaction.

Despite this shift, Bitcoin maximalists remain committed to the original vision of Bitcoin as a functional digital currency. Their belief in Bitcoin’s potential to transform the way we buy and sell goods and services has not waned.

This article sheds light on how this cryptocurrency is used in the current marketplace and what can you buy with Bitcoin.

What Can You Buy with Bitcoin Online & Offline: Goods and Services

A study estimates that over 4% of the total 110,000 served merchants accept crypto payments. This percentage will likely spike over time as major financial institutions, brands, and users enter this domain.

However, there is still an ocean of possibilities for those looking to buy products and services and pay with Bitcoin.

Buy Food with BTC

You can order food at Uber Eats using a gift card option through Bitrefill. You can also get your sandwiches at Subway like Berlin, Moscow, Buenos Aires, Pennsylvania, etc. You can also get your groceries using Whole Foods Gift Card with Bitcoin.

Order Online and Pay in BTC

Understanding the changing market trends with additional user inclination towards spending in crypto, many platforms have started accepting crypto on their platforms. As a consequence, you can now buy your daily use goods, electronics, clothes, FMCG, etc using crypto. Numerous e-commerce platforms like Shopify have jumped on the crypto wagon and have launched additional discounts to promote crypto expenditure.

Shop Electronics & Games using BTC

Newegg offers its almost entire merchandise. You can also use your crypto at Shopify as their merchants have an option to accept crypto.

The gaming world is also crypto-friendly. Xbox allows gamers to buy Xbox Live Membership, games, and add-ons. Coinbase and Big Fish Games have also joined hands to facilitate the game and in-game virtual item purchases using Bitcoin.

Order Food Online and Pay with BTC

Are you feeling hungry and don’t have any cash on you? You can order your pizzas online by paying with crypto using services like Takeaway and PizzaforCoins. Many prominent food delivery apps are already in the process of adding crypto to their accepted payment modes. You can buy Zomato gift cards on platforms like Coinsbee using Bitcoin, and many other stablecoins and altcoins.

Buy Gift Cards through BTC

Although there are considerable restrictions on the purchases that you can make on the Internet. However, many popular gift card platforms including Gyft and eGifter allow you to buy gift cards for bands like Amazon, Home Depot, and Walmart where you can’t directly spend your crypto.

Pay for Utilities with BTC

You can make direct utility payments for your major expenses including internet, cable, mobile carriers, etc. Additionally, you can save gas fees and optimize your expenditure by availing of the benefits of the services including BitPay and Coinbase to spend your crypto for daily expenses.

Travel using BTC

Numerous major transportation providers are now accepting Bitcoin as a payment option. Several metro systems like MTA in New York globally accept Bitcoin. You can also book your hotels and flights using platforms like Expedia, Destinia, and CheapAir.

While AirBaltic offers several flights for crypto, the world’s first commercial spaceline Virgin Galactic accepts Bitcoin.

Pay for Education using BTC

A liberal arts institution based in New York City, and the European School of Management and Technology based in Berlin accept tuition payment through crypto. Several colleges have started offering Blockchain and Crypto-based courses with the Private Institution of Nicosia accredited to be the first institution to offer formal education in Blockchain and Digital Currency.

Get Luxury Products and Services with BTC

From luxury cars at BitCars and fashion at Ralph Lauren, you can indulge in the world of luxury using crypto. Gucci is another luxury brand that is crypto-friendly while Tag Heuer, Breitling, and Hublot are soon going to follow the lead.

Denison Yacht Sales is where you can use your crypto, The Traditional financial system has its challenges when it comes to spending fortunes.

The world of luxury cars has embraced crypto. You can get your pick from Bentley, Rolls-Royce, Bugatti, Ferrari, Mustang, Porsche, Mercedes-Benz and Volkswagen amongst others. Airbus and Agusta Bell Helicopters aren’t out of your reach as well.

Invest in Rare Earth & Precious Metals using BTC

Cryptocurrency has come as a blessing for Rare Earth & Precious Metal collectors. Huge names like APMEX, JM Bullion, & LibertyX now accept crypto payments for assets like platinum, silver, gold, and other metals.

Additionally, since you can pay in crypto, you don’t have to go through the tedious procedure of linking bank accounts and going through credit checks.

Buy Art Pieces and Collectibles with BTC

You can use your crypto to expand your art collection with big platforms like Gasosian and Lehmann Maupin. There are several auction houses and museums that have opened their doors to crypto. Also, as more payment gateways and platforms like MasterCard are seeking partnerships with major crypto exchanges, more possibilities will open up soon.

Invest in Real Estate using BTC

Dubai is the most popular name if you want to buy real estate using crypto. There are several other countries where regular crypto-real estate transactions are happening. You can also avail of the services of platforms like Propy and Harbor Financial to avail of crypto-backed loans to buy assets.

How to Spend Bitcoin for Goods and Services

Thinking of how to spend Bitcoin to buy everyday items? There are three common ways of doing so once you buy Bitcoin:

1. Through crypto-friendly merchants
2. Using a cryptocurrency debit card
3. P2P transactions

Get a detailed list of who takes Bitcoin here.

Through Crypto-Friendly Merchants

A growing number of online and physical stores directly accept Bitcoin payments. These businesses typically use a cryptocurrency payment processor like BitPay or Coinbase Commerce, which streamline the transaction process. You can often find these merchants listed on the processor’s website or app.

Several platforms allow you to purchase gift cards for various retailers using your Bitcoin. This offers an indirect way to use Bitcoin at stores that don’t directly accept it.

Using a Cryptocurrency Debit Card

Some major crypto exchanges and providers offer debit cards linked to your Bitcoin holdings. These cards function similarly to traditional debit cards, allowing you to make purchases at any terminal that accepts Visa or Mastercard. The Bitcoin is converted to fiat currency at the point of sale, so you don’t need to worry about BTC price fluctuations impacting your purchase.

Peer-to-Peer Transactions

For individuals or small businesses comfortable with the process, it’s possible to arrange peer-to-peer transactions directly with the seller. This typically involves sending the agreed-upon amount of Bitcoin to the seller’s wallet address in exchange for the goods or services.

What Can You Buy with Bitcoin in Canada

While Bitcoin is not yet widely accepted as a mainstream payment method in Canada, there are a growing number of merchants and vendors that accept it. Here are some examples of what you can buy with Bitcoin in Canada:

• Gift cards: Several platforms allow you to purchase gift cards for various retailers using your Bitcoin. This offers an indirect way to use Bitcoin at stores that don’t directly accept it, like:
  • Amazon
  • Microsoft
  • Starbucks
  • Lowe’s
  • Home Depot
• Travel: Some travel agencies and airlines accept Bitcoin for flight bookings and hotel reservations.
• Luxury goods: Some high-end retailers, like jewelers and watchmakers, are starting to accept Bitcoin payments.
• Computer hardware and software: Some electronics stores and online retailers accept Bitcoin for computer parts and software.
• VPN services: Some virtual private network (VPN) providers accept Bitcoin payments.

Useful links

• What is a Spot Bitcoin ETF?
• Where is Bitcoin Illegal and Legal
• Why Bitcoin Taxes and Regulations Are A Good Thing
• How to Protect Yourself From Dollar Collapse

What Can You Buy with Bitcoin in USA

In the USA, the range of products and services you can purchase with Bitcoin is continually expanding. Here are some of the key categories and examples of what you can buy with Bitcoin in USA:

• Retail Goods: Various online retailers accept Bitcoin. This includes platforms like Overstock, which offers a wide range of products from furniture to jewelry.
• Technology and Electronics: Websites like Newegg accept Bitcoin for a range of electronics, computer hardware, and gadgets.
• Gift Cards: Services like eGifter and Gyft allow you to purchase gift cards for a variety of stores and services using Bitcoin. These gift cards can then be used at retailers that don’t directly accept Bitcoin.
• Travel and Accommodation: Some travel websites and services accept Bitcoin for booking flights, hotels, and car rentals. Examples include CheapAir and Travala.
• Food and Drink: Some restaurants and food delivery services accept Bitcoin. This is more common in larger cities.
• Entertainment and Media: You can use Bitcoin to buy games, movies, and apps on platforms like Microsoft’s Xbox store.
• Luxury Goods: Certain luxury good retailers accept Bitcoin, especially for high-end watches and jewelry.
• Cars: Some car dealerships, especially those dealing in luxury or exotic cars, may accept Bitcoin.

What Can You Buy with Bitcoin in Australia

In Australia, the options for spending Bitcoin have expanded significantly, allowing you to purchase a diverse range of products and services. Here’s a summary of what you can buy with Bitcoin in Australia:

• Travel and Accommodation: You can book flights and accommodations, with companies like CheapAir accepting Bitcoin.
• Luxury Goods: Luxury items like sports cars, fancy watches, and domain names are available on platforms like CryptoExchange.
• Health Services: Some clinics, including heart and dental clinics, accept Bitcoin for their medical services.
• Fashion and Entertainment: High-end entertainment, fitness facilities, and online fashion stores accept Bitcoin.
• Food and Beverages: In cities like Sydney, Brisbane, and Melbourne, several pubs, restaurants, and cafes accept Bitcoin.
• Charitable Donations: Some charities in Australia accept Bitcoin donations.
• Automobiles: Car dealers, like Scuderia Graziani, sell vehicles including luxury brands like Ferrari and Lamborghini for Bitcoin.
• Real Estate: You can purchase custom-built homes from companies like Broadwater Builds using Bitcoin, and other real estate companies are also accepting it.
• Internet Services: Internet providers like Launtel accept Bitcoin payments for their services.
• Green Energy: Queensland Solar and Lighting allows you to purchase solar systems with Bitcoin.

Conclusion

As time progresses, we are witnessing a growing adoption of cryptocurrencies for payments. This is a telltale sign of a flourishing industry.

Note that the list of products, vendors, and brands mentioned in this article is neither exhaustive nor definitive. Some companies may choose to stop supporting cryptocurrencies. Tesla’s withdrawal of accepting Bitcoin for buying their cars is a classic example.

Do your own research and be mindful of your local regulations before indulging in cryptocurrency.

For more useful articles like this one, visit the Paybis blog.

FAQ

How to double spend Bitcoin?

Double spending refers to the act of spending digital currency twice, and it’s considered a form of fraud. Bitcoin’s network is designed to prevent double spending through a consensus mechanism known as Proof of Work (PoW). This mechanism ensures that once a transaction is confirmed, it becomes nearly impossible to reverse or duplicate.

How to spend Bitcoin from paper wallet?

To spend Bitcoin from a paper wallet, you need to import or sweep its private key into a digital wallet. Importing adds the key without moving funds, while sweeping transfers the funds to a new address in your digital wallet. Use a reputable digital wallet app to complete the process. We recommend using the Paybis Wallet.

What can I buy with Bitcoin in 2024?

In 2024, you can buy a wider range of goods and services with Bitcoin, including:

• Gift cards for various retailers
• Travel bookings (flights, hotels)
• Luxury goods (jewelry, watches)
• Electronics (computers, software)
• And more emerging options like real estate, cars, and event tickets

Written by

Sankrit K

Sankrit K is a web3 content writer and an SEO expert specializing in long-form content. He strives to add value to readers while optimizing content for search engines.