Bitcoin is a new form of currency that has become more popular. It is not controlled by any government or bank but relies on complex mathematical algorithms for security. This means no banks, credit card companies, or other intermediaries can charge you fees every time you make a transaction. Bitcoin transactions are fast and easy to do – they can be sent anywhere in the world without incurring high exchange rates like with some traditional currencies.
This piece will discuss how Bitcoin can become an everyday asset in life.
1. Shopping Online
One of the easiest ways to use bitcoin in everyday life is to shop online. Using a merchant that accepts bitcoins can save you from paying high transaction fees for shopping on sites like Overstock and Newegg. In addition, buying with your coins can help you stay away from data mining websites that track your every move across the web.
2. Buy a Coffee or a Meal at a Restaurant
Another fantastic reason for having a bitcoin wallet is they make great gifts. Instead of going out and buying something tangible – why not give someone an experience? A meal at a restaurant, show tickets, or even just using it as an excuse for some time together makes up such a better gift than a shirt or an electronic device.
3. Buy a Plane Ticket
Bitcoin has been expanding its reach to pay for everyday items and is now being used to purchase flights. Various travel companies have started accepting the virtual currency. This gives travelers more options when searching for cheaper fares – they can choose to pay in Bitcoin if they want.
4. Give Your Kids Pocket Money
One of those wallet apps you should download is called KidsVidya Wallet. Go ahead and put some coins in there so that when your children are out spending with their friends, they can learn about buying bitcoins and how it works with their mobile phones since most of them nowadays come with built-in QR code readers.
5. Pay Your Rent
Paying rent in bitcoins is becoming more common – and for a good reason. Landlords and tenants can avoid extra fees associated with traditional payment methods like checks or money orders. Bitcoin payments are also processed quickly. As a result, there’s no waiting around for the mail to arrive or clear the payment.
6. Invest in a New Company
Bitcoin investors now have a new way to support startups through Initial Coin Offerings (ICOs). These are digital tokens that represent shares in a company, and they can be purchased with Bitcoin. Startups who hold an ICO hope to raise money by selling these tokens, then power the company’s product or service.
7. Get a Car
Yes, you can buy a car with Bitcoin. There are now dealerships worldwide that accept virtual currency as payment for vehicles. Some of these dealers even have dedicated websites that allow you to browse and select the car you want and then pay for it in bitcoins.
8. Pay Your Mortgage
Similar to rent, many people are now using Bitcoin to pay their mortgages each month. This is helpful because it allows for quick and easy transactions without going through a third party like a bank. In addition, it can help reduce fees associated with traditional mortgage payments.
9. Don’t Carry Cash Anymore
One of the great things about Bitcoin is that you don’t have to carry any physical money around with you. All you need is your digital wallet and a secure internet connection. When you’re out and about, this can come in handy, and you don’t want to worry about losing your cash or getting it stolen.
10. Get a Job
Believe it or not, there are now jobs that will pay you in bitcoins. If you’re looking for a way to make some extra money, then this could be a great option for you. Some websites list all of the currently available jobs, so take a look and see if anything catches your eye.
11. Don’t Carry Change in Your Pocket
Another advantage to Bitcoins is that you can use them without loose change when buying things. It’s a good idea to have a wallet with you so that if you need some change for the bus or something, then it’s there ready and waiting for you. There are even ATMs now that allow people to withdraw bitcoins and cash.
12. Get a Discount on a New Phone
If you’re looking for a newer model iPhone or an Android, you can purchase one from select retailers using Bitcoin. Companies like Microsoft, Dish Network, and Expedia accept virtual currency for mobile phones. In addition, various exchanges worldwide offer discounted prices when you buy using Bitcoin.
As you can see, there are many different ways that Bitcoin can be used. Whether you’re looking to purchase a plane ticket, invest in a new company, or pay your rent each month, Bitcoin has you covered. So what are you waiting for? Go ahead and download a wallet app today and start using bitcoins for all your transactions.