Despite being unregulated, cryptocurrencies slowly take the world financial market by storm. Like the common currencies, the largest two cryptocurrencies are used to pay various bills.
Investing in crypto tokens is highly risky, and you should be prepared to lose some of your earnings in case of a shake-up. However, you can also make handsome earnings if you slowly learn the trading ropes. These earnings can be used to pay bills directly or changed into dollars.
1. Revamp your Outdoor Living
While many physical traders are yet to accept crypto earnings as a mode of payment, online sellers are okay. From replacing your outdoor furniture to buying building materials online, crypto earnings can help you transform your boring outdoor living into a haven.
2. Give for Charity and Donations
Don’t hesitate to express a gesture through a donation to a charity home because you don’t have cash. Some charity homes accept cryptocurrencies as donations, which they later use to pay for bills and other online needs.
Before transferring the coins to their account, ensure you confirm if they accept digital currencies as donations.
3. Pay Bills
Yes! With crypto coins/tokens, your bills are sorted. You’ll only need to look for websites that exchange the coins into normal currency. Some bills like insurance premiums and electricity are easily sorted out online.
Other bills payable using bitcoin are internet-related services. The good thing with crypto payments is that you don’t need to expose your personal information on the internet. A simple transfer email with a password is enough.
4. Gift Cards
We all like gifts. When buying online, you can purchase from vendors who accept cryptocurrencies as a mode of payment. You’ll only need a few coins in exchange for a very expensive gift card.
5. Travel Ticket
When planning to travel, don’t worry if you have cryptocurrency. Certain travel sites will help you book a flight and a hotel using the coins. They will further allow you to pay for meals using the same.
6. Holiday
Are you thinking of enjoying a holiday, and you don’t have the common government-issued currency? Don’t worry! Google holiday homes and destinations that allow for payments using digital currency.
Most small traders in the industry are now appreciating the convenience of cryptocurrency. You can also load your ATM with the currency and use it anywhere where Visa is acceptable.
7. Selling to an Exchange
After accumulating your cryptocurrency, you can decide to sell it back to an exchange that offers good returns in exchange for cash. However, to avoid scamming, ensure you research on those that are secure have reasonable exchange fees.
Accumulating crypto coins is one thing while spending the earnings is another hassle. In the past, traders did not accept payments with these digital currencies. But the market is slowly changing and embracing the mode of payment.
While the transaction takes a short time, you also don’t expose your information to the world when making payments, especially for online services. A simple, secure message is all you need to complete the transaction.