Acceptance has and always is a concern with Bitcoin. While the idea behind the coin is noble, we’re still seeing resistance to mass adoption. We can point at some of Bitcoin’s fundamental flaws. It still remains the top coin in terms of brand recognition and market cap, however, and does have some real-life applications. Let’s take a look at some of the ways that you can use Bitcoin in real life.
Trading
The first way that you can use Bitcoin in real life is through trading. Using the right exchange will allow you to quickly exchange your fiat money for Bitcoin and use it to trade it against other cryptocurrencies or for money. It’s also important that you check the exchange before you join, as many only allow exchanges between cryptocurrencies. You also have to make sure that you have a solid wallet that will keep your coins safe and helps facilitate transactions.
However, some people might be reluctant to trade directly in Bitcoin because of the risk involved. Know that you can still trade on the movement of Bitcoin by trading Bitcoin via contracts for difference instead. With CFDs, you can bet for or against Bitcoin and make money no matter which direction it goes in. You can also use margin to leverage your starting position.
Pay for Hotels or Flights
Yes, it’s possible now to pay for flights and hotels using Bitcoin. Sites like CheapAir, Expedia, and SurfAir all allow you to book flights or accommodation using Bitcoin and other cryptocurrencies. If you’re feeling adventurous, Virgin Galactic also announced that they were accepting Bitcoin. This might be a bit much for a holiday with the family, but great if you were planning a trip to the stratosphere anytime soon.
Buy Games, Apps, Music
The music industry has been at the forefront when it comes to accepting cryptocurrency. Rapper 50 Cent just recently discovered that he was a Bitcoin millionaire after accepting the cryptocurrency as an alternative payment for his 2014 album, Animal Ambition. Other artists like Imogen Heap and Bjork also pushed in favor of accepting the coin.
Big players are following suit also and Microsoft now accepts BTC as a form of payment in their app stores. This means that you can use the coin to pay for in-app purchases and app-based services.
Pay for Services
BTC is also very popular with service providers. No matter what kind of service you need, you’re likely to find someone who will accept Bitcoin for it. Whether it’s website design, content creation, or programming work, there are many businesses willing to accept new models of payment, which makes cryptocurrency payments a perfect fit. You can buy all kinds of things, even a college education.
These are just some of the ways that you can use Bitcoin in real life. These are only set to grow, so this is great news for those who actually want to use their assets instead of simply holding them.