What are the different ways to spend your crypto?

[GoldenLady]

I do know that cryptocurrency is used by a lot of sites and merchants as a means of payment, but I've never used it.

The volatile nature makes me uncomfortable sometimes to use it. Even if I do, I will prefer coins less volatile than bitcoin.

 

[Kelly5]

There are so many ways to go about spending your cryptocurrencies you know. For starters, you can use your cryptocurrencies to make donations for and towards a good course you believe in.

 

[BrolySSJ]

The most common ways we spend Cryptocurrency here in my region, or let me say my country is through trading. There are few or no stores that accept Cryptocurrency as fiat here but it is still given much value and attention due to its high value in terms of dollars. So here we only buy and sell Crypto.

If there are no stores or very few stores that are accepting to cryptocurrency, then what can be done with your winnings that you get through your trading of cryptocurrency, if I may ask? In my country the number of stores is limited, however there are some companies that offer gift cards in exchange for cryptocurrency. Are any such services available to you as well?

 

[Akinwale701]

If there are no stores or very few stores that are accepting to cryptocurrency, then what can be done with your winnings that you get through your trading of cryptocurrency, if I may ask? In my country the number of stores is limited, however there are some companies that offer gift cards in exchange for cryptocurrency. Are any such services available to you as well?

Not really here. Cryptocurrency and Cryptocurrency trading are two things that are totally foreign and esoteric to us in my countries here. It is noteworthy that this same Cryptocurrency trading was issued a warning against by the government of my country some days ago, warning us of the dangers attached to trading it.

 

[kayode10]

There are some stores that accept Bitcoin as a means of payment. that is you can buy or sell on the website using bitcoin. A2b dot com is one of the websites that use bitcoin as I mean mode of payment for transactions. On this website you can buy or sell different gift cards I receive your payment with bitcoin. You can convert your bitcoin to cash by selling it to their fellow merchant who will give you the cash equivalent for the amount you sell.

 

[Taimoor Jutt]

In some countries it is legal currency so you can exchange it with goods also like in USA or Nigeria.
Plus you can also do purchase crypto by your friends by that you can invest it into some investment.
It is used to investment also so these are some uses of crypto currency.

 

[Greatguy1]

At this point in time there are many people that I invested in cryptocurrency and many merchants that are also accepting it as a form of payment. What are the different stores or merchants that you use in order to utilise your cryptocurrency for payments?

Based on my experience whilst there are a lot of stores online to accept it is very limited within my region. Therefore in order to make use of it I typically find myself purchasing gift cards using my cryptocurrency and then after that being able to purchase on a site. There are many sites that sell gift cards in exchange for cryptocurrency. Also there are some third-party applications that will act as an intermediary in order for you to purchase from a site with cryptocurrency. Basically you paid them and then they pay the actual site for the product that you want.

How is it within your region? Is cryptocurrency widely accepted or do you also have to go through a similar process?

cryptocurrency it's widely received in my region as a form of exchange but the government has just issued a ban on all cryptocurrency transactions and exchanges. The fear has always been that scammers and money launderers use it to wash their dirty money.

 

[singlej007]

I use my cryto in different ways, once I have make my profit from my longtime trading or short time, I like spending my profit on paxful.com I use my crypto to exchange for gift card there, I also use my crypto to exchange with USDT which I use to save in binance and gain profit.

 

[Hasan Raza]

There are destinations that exchanges digital money and acknowledge it as a methods for installment, I can sell my crypto coins there or trade them as gift vouchers for online buy, locally I can offer it for fiat cash to buy things from retails stores who doesn't acknowledge crypto.

 

[Dowenship]

At this point in time there are many people that I invested in cryptocurrency and many merchants that are also accepting it as a form of payment. What are the different stores or merchants that you use in order to utilise your cryptocurrency for payments?

Based on my experience whilst there are a lot of stores online to accept it is very limited within my region. Therefore in order to make use of it I typically find myself purchasing gift cards using my cryptocurrency and then after that being able to purchase on a site. There are many sites that sell gift cards in exchange for cryptocurrency. Also there are some third-party applications that will act as an intermediary in order for you to purchase from a site with cryptocurrency. Basically you paid them and then they pay the actual site for the product that you want.

How is it within your region? Is cryptocurrency widely accepted or do you also have to go through a similar process?

In my region after the recent regulation law that was announced some months ago to stop all banks from transacting altcoins... The p2p is what people are doing now. Which is quite OK because no transaction fee is required.

 

[tyrim88]

Though i have not tried to do purchase with my cryptocurency online,this is due to the region i reside in,as a lot of online business outfit that does not accept crypto.I do use other means through a third party to do exchange and get a currency i want to trade with before doing shopping online.

 

[Richard92]

Though i have not tried to do purchase with my cryptocurency online,this is due to the region i reside in,as a lot of online business outfit that does not accept crypto.I do use other means through a third party to do exchange and get a currency i want to trade with before doing shopping online.

There are so many different ways that you can spend your crypto you can be able to exchange your crypto currency to a normal conventional currency and use that as a legal tender to get commodities from the market you can also buy and sell cryptocurrency and make earnings.

 

[IamDozzy]

Of recent, El Salvador adopted Bitcoin as its legal tender which means crypto currency is gaining some ground in the world despite how unstable the market is. This goes to show that cryptocurrencies such as Bitcoin would soon become the legal tender of some nations as it's worth increases.

 

[Justin]

Hello guys, I think you should stop spending your cryptos and start using it like asset. You will profit more from crypto when you use as an investment.

 

[eLdavis]

There are some forex brokers that accept Crypto currency as a means of payment, while there some online store accept crypto as payment ss well

 

[Kunkun]

How to spend ones crypto coins would be largely dependent on the investing individual but it could be through additional investment or to purchase products online or travel among other benefits

 

[Setfragil]

There are many ways that you can spend tour cryptocurrency. There are no online stores in my country that accepts cryptocurrency has their means of payments. I made sure to exchange it to fiat currency before I could spend it on anything that I want.

 

[tyrim88]

Basically , I don't use my cryptocurrency for anything else apart from investing them ,and waiting to sell them to fiat currency when the price rises . This has been very profitable for me especially now that Cryptocurrency has shown great potential as a good source of investment.

The importance of fluctuation of the cryptocurency market which makes one to maximise on the market rise i value has made it possible for me to save my cryptocurency as well to cash in on the price increase when it goes up.i hold mine.

 

[Blessedsam60]

There are so many ways to spend your crytocurrency like buying things online and paying with your crytocurrency, exchange for other value service and so on

 

[Justin]

What should you spend your crypto, why not save for a long term or trade when the market becomes bull. I think people should not spend their cryptos, instead they should use it like investment