Bitcoin is not yet accepted by many merchants and every person who owns bitcoin or any other digital asset might ask “Where can I spend Bitcoin?” But with the growing popularity since the bitcoin bubble burst in 2017, bitcoin has gained acceptance in a lot more sectors and online stores.
Below is a list of some of the top online websites and applications that accept Bitcoin as a payment method for their products in 2020. Hopefully, you can look through this list and find an online store that will help you. If you have any website you think should be on the list, comment it below.
12 websites and applications that accept Bitcoins (Pay with Bitcoin)
Binance
Well, what could be better than converting Bitcoin to cash and ultimately moving it to your bank account? There are several possible ways to sell your Bitcoin (or any other crypto coins, for that matter) and receive cash that you can transfer to your bank account. In our view, Binance is the best exchange out there that enables you to do it. Yes, its interface is complicated, and when you enter the exchange, you have no idea what to click on. But it has a huge selection of digital assets and a useful live chat, so eventually, you’ll get it right.
CheapAir.com
CheapAir.com is another way of using bitcoins. The company allows you to book flights, hotels, and cars with bitcoins and also accepts Bitcoin Cash, Ethereum, Litecoin, and Dash. If you get into trouble with how to complete the purchase, here’s a step-by-step guide on how to book a flight with Bitcoin with CheapAir.com.
More Stamps Global
MoreStampsGlobal is another platform to find flights, hotels, activities, transfers, airport lounges, and mobile recharge. However, the great thing about this platform is that it accepts more than 40 cryptocurrencies, including really exotic coins such as Binance Coin, NEO Quantum, and many more. More Stamp Global also states that they aim to accept over 300 cryptocurrencies, so if you hold any crypto coin, you should definitely use their website.
CryptoRocket
CryproRocket is a Bitcoin-based online trading broker that allows users to deposit and withdraw funds with Bitcoin. Furthermore, the broker has a Bitcoin cold storage feature to keep clients’ funds safe and an STP execution model that removes the conflict of interest between traders and the broker. The broker has a selection of cryptocurrencies, stocks, indices, and currency pairs to trade on. Long story short, if you are looking for a place to trade with bitcoins, CryptoRocket is a great choice.
XBox
Microsoft is the largest company in the world to accept Bitcoin as a payment method. Basically, users can transfer Bitcoin to their Microsoft account and then use it to buy games, movies, consoles, devices, etc, on Microsoft’s Xbox store. Here’s a guide on how to deposit bitcoins to your Microsoft account. Yet, take note that you cannot use bitcoins as a payment method for gift cards or refund the bitcoins you deposited.
BlockFi
Well, that’s another way to spend your crypto coins. Cryptocurrency-backed loans have risen in popularity in the past year, offering a unique way to get a collateralized loan. You can use your BTC, ETH, or LTC towards a collateralized loan with BlockFi – By using your crypto as collateral, you can unlock up to 50% of the value of your assets in USD, starting at a 4.5% interest rate and loan duration of 12 months. You can also use the BIA account, which lets you earn monthly interest on the crypto coin you have deposited. Currently, BlockFi is the most popular platform for crypto-backed loans.
Overstock
Overstock is an online retailer with a huge selection of items, particularly for home decor and home improvement. The US-based retailer operates in partnership with Coinbase, one of the largest cryptocurrency exchanges in the market, to enable Bitcoin as a form of payment. The company offers a pretty detailed guide on how to pay with Bitcoin. Furthermore, unlike other sites, Overstock enables users to get a refund in Bitcoin.
Etsy
Etsy is one of the largest online marketplaces in the world, where you can sell or buy homemade crafts and vintage items. It is also one of the largest sites in the world, and it unofficially allows sellers to add Bitcoin as a payment method. But in order to do that, you will most likely have to contact the customer directly. For another way how to pay with Bitcoin on Etsy, watch this video.
Newegg
Newegg is an online retailer of computer hardware and software that accepts Bitcoin as a payment method. Newegg has a wide selection of items, from computer systems to apparel and accessories. All you have to do is select Bitcoin as a payment method once you reach the checkout step.
Shopify
Shopify is a huge e-commerce platform that enables users to set up an online shop and sell their products. How huge? According to SimilarWeb, Shopify has 48.5M users per month. Shopify allows users to pay with more than 300 digital currencies as a payment method. Shop owners can accept cryptocurrencies as an alternative payment method. In conclusion, other great platforms to use are Bitcoin and other altcoins.
Purse.io
Amazon does not yet accept bitcoins or any other cryptocurrency as a form of payment method. You can purchase a gift card and then spend it on Amazon, but Purse.io is an even better solution. Simply put, Purse.io is a platform that allows you to make purchases on Amazon with cryptocurrencies. However, the platform has mixed reviews, so we suggest that you test it with a small amount before you make constant transactions. Overall, it seems like a pretty solid platform.
Bovada
Bovada is one of the most popular online betting sites in the world, and it has more than 8 million registered users on its platform. The online casino offers sports betting, poker, casino, horse racing, and many more. And… they accept Bitcoin and Bitcoin cash as a payment method. You can find more online casinos that accept Bitcoin here.
Where can you spend Bitcoin? Conclusion
The bottom line is that there are plenty of ways to spend Bitcoin and other crypto coins. It’s kind of annoying to get stuck with Bitcoin if you cannot really use it or convert it to cash, even if you are planning to HODL it for a few decades. However, the fact that there are so many applications out there that accept Bitcoin is perhaps the greatest indication that Bitcoin (and other major crypto coins) are here to stay.
