Bitcoin’s volatility is said to be a nightmare for most merchants because the slightest rise or drop in price is critical.
While in the past, finding bitcoin-accepting merchants was similar to “looking for a pin in a haystack” there are now various options for people to choose from. Bitcoin payment processors like BitPay and Coinbase have assisted merchants by taking on the volatility risk in accepting bitcoins. Merchants can incorporate with a bitcoin payment processor and accept payments through these third-party services. The processor receives the bitcoins and sends the merchant their local currency at the end of the day or week. It is up to the merchants if they’d want a certain amount of they pay to be in bitcoins.
This post will show how and what you can buy using bitcoins, along with a list of stores that cover almost all categories and provide those goods and services.
Keep on reading to know what would be your next purchase!
Shopping with Bitcoin
Back in 2014, Overstock was the first billion-dollar company to accept Bitcoin. It’s got everything from furniture to clothing, jewelry, and electronics. Overstock can provide bitcoiners with almost all sorts of items.
Gyft is an electronic gift card retailer that started accepting bitcoins in 2013. Bitcoiners can buy gift cards for Amazon, Best Buy, Delta, Home Depot, Whole Foods, and Walmart. Also, Gyft returns 3% back on Bitcoin purchases, making it competitive with credit card reward programs.
This multibillion-dollar company based in Japan added Bitcoin as a payment method for its US costumers in May 2015. Basically, it’s similar to Overstock, providing almost all of the everyday products.
CheapAir is an online travel agency that helps find costumers reasonably priced flights and hotels. They began accepting bitcoins in November 2013 and by July 2014, had processed over $1.5 million worth of Bitcoin transactions.
Virgin Galactic is a space travel company that accepted its first bitcoin payment in 2013. Richard Benson, the company’s CEO, believes that Bitcoin exchange and space will go a long way in the future if they remain to work together.
Expedia is one of the world’s largest online travel companies which started accepting bitcoins for hotel bookings back in 2014.
Computers and Electronics:
NewEgg is one of the world’s most popular computer hardware and software store. It accepted its first Bitcoin payment in 2014 and has offered discounts to costumers paying with bitcoins.
TigerDirect became everyone’s destination to buy computer hardware, printers and TV sets, when it began accepting bitcoins as payment in July 2013.
Dell began accepting bitcoins, 2 years after the above-mentioned companies.
Decentralized Market Places:
Where to shop with Bitcoin?
OpenBazaar is an open source project to create a decentralized network for peer to peer commerce online—using Bitcoin—that has no fees and no restrictions. Instead of buyers and sellers going through a centralized service, OpenBazaar connects them directly. There is no one in the middle, you only reveal personal information that you choose.
Food & Groceries:
Fold, teaming up with its sister company Card for Coin, helps to pass on discounts from unused gift cards to bitcoin users, since many are willing to sell gift cards for cash. Card for Coin purchases gift cards at a discount and then spends them for users through Fold. Bitcoin is sent to the wallet address displayed in Fold and within seconds a scannable gift card is ready for use. Right now Fold offers a 20% discount at Starbucks and 3% discount at Target with its AirBitz integration.
Fiverr is an online marketplace that is used to buy and sell services. Freelancers offer jobs for as little as $5 and contractors are able to pay for services with bitcoins.
Yachts, mansions, premium domain names, sports cars, and antiques are just a few of the expensive items listed on this bitcoin marketplace.
With the increase of Bitcoin price, the hype makes more businesses view Bitcoin as legitimate and something that can help improve profits. More and more e-commerce sites are trying to become a part of the Bitcoin Community and it won’t be long when you’ll be able to purchase all your groceries and other items from any of these sites, without having to go outside.
Enjoy your shopping spree!