What to Buy with Bitcoins in 2020?

Bitcoin and cryptocurrencies are establishing a new decentralized and digital economy. Although many people perceive crypto assets as a form of investment, they can be used as fiat money in hundreds of retailers and services, both physical and online. So, what can you buy with bitcoins? In this guide, we give you a mouthful of how you can use your bitcoins in the real world.

Bitcoin Accepted Here Sign

How can you get funds in Bitcoin?

First thing’s first. If you are still not clear, we will give a brief review of how to buy Bitcoin. First of all, you should know that if you invest in bitcoin as a CFD, you will not actually own any BTC. Consequently, this guide only applies to those who have acquired bitcoins. In other words, users who bought bitcoins from an exchange or a broker that offers both options, such as eToro.

Once you choose the platform of your choice, you must follow a specific process to buy Bitcoin. The verification procedure, loading of funds and purchase varies a little on each platform. You can start on the following recommended platforms:

eToro
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Min Deposit
$50
United States
Start Trading View key features
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Payment Methods
Wire Transfer, Bank Transfer
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
United States
Start Trading View key features
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Coinbase
Key Features
Trusted provider
Online Wallet
Beginner friendly
Min Deposit
$1
United States
Start Trading View key features
Key Features
Trusted provider
Online Wallet
Beginner friendly
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

What can I Buy with Bitcoin? Our updated list

Computer services and digital content

This is probably the category where Bitcoin has had the most adoption, due to the ease of integrating it as an online payment method. Many providers have added the famous “Bitcoin accepted here” to the products and services of their website.

Digital content creators and managers who own bitcoins can easily use the digital currency on hundreds of websites. For example, WordPress, the extensive content management system, accepts BTC. It has been doing this for several years, trying to democratize the payment system and access to its services. On WordPress, you can use Bitcoin to buy packages, enabling you to create a website, plugins, templates and much more.

The technology giant Microsoft has not wanted to be left behind. The company already accepts Bitcoin payments to buy digital content in its Windows and Xbox stores.

There are other web hosting providers where you can purchase Cloud Computing services. Some smaller ones like BitDomain have joined the BTC team. Here is an updated list of digital service providers that allow you to buy products and services with BTC:

  • WordPress
  • Mega.nz
  • NameCheap
  • Microsoft (Windows and XBox stores)
  • Twitch
  • Shopify
  • Bloomberg (for annual subscriptions)
  • Reddit
  • ExpressVPN

Travel and hotel reservations

Travel with Bitcoin

Changing sector, we have Expedia. The travel agency accepts payments in Bitcoin through its agreement with Coinbase. Here, you can get airline tickets, hotel reservations, and car rentals. Please note that Expedia may change its terms and conditions repeatedly. You can check the updated information here.

But this is not the only site that offers travel. Destinia is another of the online travel agencies to sneak onto our list. Some airlines accept bitcoins as a means of payment, among these are CheapAir, Surf Air, Air Lituanica and Air Baltic. These companies have incorporated BTC as part of their payment methods to innovate and offer new options to their clients.

Retailers that accept BTC as a payment method

Another way to get a closer feel for the concept of the new economy is to start buying with bitcoins. We can purchase products or pay for services. Hundreds of online stores accept BTC as a method of payment. The number of companies that take Bitcoin is increasing, and today they cover almost all sectors of the economy. In Japan, there are already more than 260,000 physical stores that accept bitcoins. These companies have innovated and want to offer their users a more diverse range of payment methods.

One of the first was Overstock: The major online store started accepting BTC back in 2014. The company has been closely involved with the use of cryptocurrencies, selling shares on the blockchain, and even developing an exchange for tokens coming from ICOs. In this online store you will find everything from clothing and footwear to electronics and, yes, you can pay for everything with Bitcoin.

Other businesses, like Subway (the fast-food chain), have begun to accept Bitcoin, but on a smaller scale. Only some of its branches allow you to pay with the cryptocurrency. Newegg and Etsy are other examples of e-commerce stores where BTC is accepted as a means of payment.

Charitable foundations

Those who want to make donations with their funds in Bitcoin and other cryptocurrencies have a wide range of options. Big charities have joined the digital currency revolution, and big names are emerging. UNICEF has opened a fund to accept donations in bitcoin and Ethereum since December 2019. Other popular organizations on this list include Save the Children and The Water Project.

What can I buy with Bitcoin? Alternative cryptocurrencies

One of the utilities of Bitcoin is apparent: buying altcoins. Alternative cryptocurrencies are all those that aren’t the original and market-leading Bitcoin, and today there are more than 5,000. BTC is the base currency in hundreds of trading pairs. On many occasions, these pairs represent excellent opportunities to trade, both low and high, opening short and long positions.

Some exchange platforms allow you to buy other cryptocurrencies using Bitcoin and others, such as Binance or BitMEX accept BTC for the opening of futures contracts. The healthiest thing is to invest intelligently: set loss caps, do a thorough job of researching each project, carry out objective technical analysis, etc.

Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
United States
Start Trading View key features
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • BTC
  • BCH
  • XLM
  • DOGE
  • ADA
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Bitcoin prepaid card: Use your BTC as cash

Prepaid card Bitcoin

Finally, some platforms connect our bitcoins with all the payment platforms worldwide. So, we will be able to buy anything imaginable using Bitcoin. In this way, you can obtain prepaid cards that will handle your capital in cryptocurrency. You can use them directly, just like you use any credit or debit card. Some good examples in 2020 are Xapo, Coinbase and Revolut – for the latter, users do not get access to their digital wallets.

The money will be debited by making the change from Bitcoin to dollars (or other fiat currencies), and the platform will charge the corresponding commission.

Coinbase
Key Features
Trusted provider
Online Wallet
Beginner friendly
Min Deposit
$1
United States
Start Trading View key features
Key Features
Trusted provider
Online Wallet
Beginner friendly
Top Coins
  • BTC
  • LTC
  • XRP
  • ETH
  • BCH
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.
FOREX.com
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
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Forex trading involves significant risk of loss and is not suitable for all investors.
LonghornFX
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed.
Trade a Wide Variety of Assets with Leverage up to 1:500
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CEX.IO
Margin Trading
Legal compliance
Cryptocurrency staking
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