The value of any money is determined not by the fact of their existence, but by the opportunities that they provide. This applies equally to fiat money and digital money. Bitcoin and some other cryptocurrencies are gradually becoming a full-fledged means of payment online and offline. That is, you can do the same with them as with any national currency.
Many cryptocurrencies can be mined or already mined in limited (albeit quite large) quantities. This gives reason to believe that the price of such assets will continue to grow and consider them as a tool for long-term investment.
There is another option for increasing capital – trading cryptocurrency on an exchange. This path is more risky, since choosing a crypto exchange with lowest fees is not a success, but only the first step towards it. Next, you will need time to study the market, patience and nerves of iron.
Pay for Purchases
Virtual currencies are more convenient than cash and credit cards. They are better protected from theft and cannot be counterfeited. It is not surprising that digital coins are accepted for payment for very real services and physical goods, and the list of what is available for Bitcoin is constantly replenished.
Mobile top-ups, utility bills, mortgage bills – this is already possible, but not in all countries of the world. If you are lucky and have such an opportunity, why not take advantage of it?
Support Charitable Projects
Cryptocurrency donations can be sent to various charities, including Greenpeace and the Red Cross. Moreover, some of them will help you to reduce the amount of the annual tax by the equivalent of the donated amount.
The most valuable property of cryptocurrencies in the context of charity is the ability to instantly transfer funds to those in need in a region in distress, without intermediary organizations, transaction costs and losses due to changes in the exchange rate.
If you are a fan of gambling, cryptocurrency is a great way to pay. They are completely anonymous unlike bank transfers or credit cards. For greater reliability, it is better not to rush to change ZEC to XRP, Zkash is one of the most confidential cryptocurrencies in existence.
Gambling in any given country may be legal or illegal, and before going to an online casino, check the laws of your country.
Invest in Precious Metals
Bitcoin has long been called digital gold, but investing everything in such a high-risk asset is not worth it. For more confidence in the future, it is better to diversify investments and buy good old gold.
It is not even necessary to purchase a physical bar, some trading platforms offer cryptocurrency trading against gold. However, before trusting any platform, study it yourself.
These are just some of the possibilities for using cryptocurrencies. Try to enter the phrase “pay with Bitcoins” in the search bar – you will be surprised at the variety of ways and places where you can spend cryptocurrency.