How to pay with bitcoin: some methods

How to pay with Bitcoin? Today, there are several ways to spend your crypto, i.e. accepting peer-to-peer payments.

Among many others it is Bitcoin ATMs, Crypto Credit Cards, Gift Cardsor websites or physical locations which directly accepts crypto payments. Here is a brief description.

How to pay with bitcoin: Withdrawals from crypto ATMs

For those who prefer to exchange Bitcoins for cash, it is famous Bitcoin ATMs or crypto ATMs is available in almost every corner of the world.

You simply access your wallet from the ATM, exchange your BTC (or other cryptos accepted by the ATM) for fiat currency, and then withdraw cash.

Bitcoin ATMs have been around since 2014, or at least CoinATMradar provides all the necessary information since then.

And indeed, in nine years, there are now no less than 33,829 Bitcoin ATMs scattered around the world, with the United States holding the record with 28,625 installations. This is followed by Canada with 2669 crypto ATMs and Australia with 395 crypto ATMs. The European continent is in fourth place with 275 installations in Spain.

In this 2023, the first months have been crucial for the expansion of this crypto payment method. Actually the first four months saw a decline in net installation growth, with March looking a record number of Bitcoin ATM “disappearances”..

However, this month the trend appears to have reversedwith 515 new Bitcoin ATMs already installed.

In any case, Bitcoin ATMs are one of the ways to use the crypto queen in a physical, safe and immediate way. They are particularly suitable for areas of the world where the majority of the population is unbanked.

Cryptocard: another way to pay with bitcoin

Continuing with the list of ways to pay in bitcoin, one cannot miss crypto cardan increasingly trendy tool.

In practice, for BTC and crypto consumers who are always on the go, crypto credit or debit cards are ideal for using their assets, whether for online or physical purchases.

In this regard, both Visa and Mastercardthe world’s most recognized payment circuits, has partnered with several financial apps to provide them with crypto card services.

In addition, to encourage the use of these crypto cards, some providers have has added services such as cryptocurrency cashback or bonuses and other crypto rewards.

Among the various providers of these cards are Visa Bitcoinblack, launched in Dubai and the UAE, Binance’s Visa for some countries, and Binance’s Crypto Mastercard, just launched in Brazil. There is also Wirex’s Visa crypto card for Australians and the brand new Visa crypto card from crypto exchange Gate.io.

Usually these cards can be monitored through their app. Not only that, but if bitcoins and cryptocurrencies are sent to another wallet, then the peer-to-peer transaction takes place; Otherwise, if the expense is in fiat currency, automatic conversion happens first and then sent to the recipient’s account.

Gift cards: another way to spend your BTCs

Christmas, Valentine’s Day, sales…anytime is a good time to give gifts. And then, for years, crypto startups have ingeniously created gift cards (or coupons) which can be used at any store that accepts them.

Gift cards are also a new way to enter the industry, perhaps for beginners who lack technical knowledge.

Among the most important and “historical” crypto gift card providers, we cannot avoid mentioning Bit refillwhich, thanks to its many partnerships, gives the opportunity to use bitcoin and crypto in online stores and physical stores such as e.g. Zalando, Amazon, Ikea, MediaWorld, Decathlon, but also in supermarkets such as Esselunga, Conad, Carrefour.

Recently, the Beaugrenelle shopping center in Paris also registered to accept crypto gift cards, in this case thanks to a partnership with the Lyzi app.

How to pay with Bitcoin? Directly at sites that accept peer-to-peer

If, unlike the Bitcoin payment methods mentioned above, consumers want to keep up with peer-to-peer to the crypto queenthen they should use it where it is accepted.

And in fact, Bitcoin ATMs, crypto cards and gift cards work through partnerships between intermediaries, albeit non-banks. They only serve to expand the mass adoption of BTC, but do not use bitcoins directly.

In practice, since Bitcoin was born as a peer-to-peer payment method, it is possible to search for those sites that allow direct transaction of BTC between issuer (consumer) and receiver (seller) on Bitcoin’s blockchain.

In this regard, start-ups that offer this method of payment without intermediaries also continue to grow.

For example, it is Travala, the popular platform for tourism that allows payment in BTC and other cryptos. Also the e-commerce dedicated to the sale of sports and healthy lifestyle products, Prozis.