March 26, 2021

How Can You Use Bitcoin?

Bitcoin is the most talked-about subject in the global financial industry due to the fact that this cryptocurrency keeps breaking barriers with each passing day. Thanks to recent developments, bitcoin managed to break the 2017 record in value and breeze past it.

Even though many believed that Bitcoin will plunge soon after breaking the record and topping $20,000, that was not the case. It kept climbing and after Tesla made a shocking investment of $1.5 billion back in February, Bitcoin broke the $50,000 barrier and for the first time in history, became as valuable as gold.

With that being said, many people are looking to join the network and do everything they can to earn Bitcoins. With that being said, we wanted to take a look at 3 types of places where you can use Bitcoin. Let’s check them out.

Bitcoin ATMs

Bitcoin ATMs can be found in most countries around the world. All of them are connected to the Internet and they allow people to connect to a market with ease and start trading with this cryptocurrency. The good part about them is that they accept cash as a payment method for trading, but the bad thing is that they charge massive fees – up to 10% on transactions.

That is the reason why people are fonder of the second place where you can use Bitcoin – trading sites.

Trading Sites

Trading sites work on a similar principle to Bitcoin ATMs, but they are far superior when you compare their services and availability. These online platforms can be accessed from any place and at any time. All you have to do is register, which is free, deposit, and start trading.

One of the most reputable trading sites in the world these days is Not only will this trading site act as a marketplace, but it offers an additional service that helps traders maximize their profits.

This service is an advanced AI system that collects all the data about Bitcoin from the market. That data is analyzed and used to make accurate predictions on Bitcoin’s future fluctuations. The best part about it is that the predictions are extremely accurate which is why the daily profitability rate at this site is pretty high. This is a powerful tool and a massive advantage compared to Bitcoin ATMs and that is why trading sites are much more preferred than ATMs.

Bitcoin as a Payment Method

If you are not familiar with the process of trading with Bitcoin, then don’t worry. You can also use Bitcoin as a payment method. This cryptocurrency has tons of advantages over regular payment methods.

First of all, Bitcoin provides people with instant transactions. Other payment methods may take up to 5 business days to complete a transaction. That is not the case with this cryptocurrency. Additionally, due to the fact that Bitcoin is not controlled by banks, users are able to avoid all the unnecessary fees that they impose. In a way, using Bitcoin as a payment method will save you money.

Finally, Bitcoin provides its users with a certain level of anonymity, thus gives them greater online security. Being secure in a world where thousands of people fall victim to online scams is a massive advantage and that is exactly what this cryptocurrency can give you.

As for the places where you can use Bitcoin, there are plenty of them. Even global brands started accepting Bitcoin as a payment method. Some companies that deserve a mention are PayPal, Shopify, Overstock, Home Depot, Wikipedia, Microsoft, Whole Foods, Expedia, and Starbucks.

Expedia is one of the earliest supporters of Bitcoin and thanks to this online travel agency, you can book up to 700,000 hotels around the world with this cryptocurrency.

About the author 

Peter Hatch

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