As we know, cryptocurrency is totally digital, but does it mean that you can’t use it for real-life demands? How many companies accept coins and tokens as valid payment methods? Crypto embraces more space day by day and replaces traditional fiat money step-by-step, so that would be pretty interesting and helpful to understand how far it has gone.
Who accepts crypto as a payment method?
Actually, there are many top companies where crypto is accepted — the range is quite impressive. It took just several years to get used to having and using cryptocurrency that proves the idea of decentralized economics is highly possible and that it’s an essential part of the Financial Services Industry’s future. Let’s have a quick look at all those companies which keep up with the times and modern trends. Of course, it should be mentioned that mostly only major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Dash (DASH), Litecoin (LTC), Binance coin (BNB), Tether (USDT), Binance USD (BUSD) are accepted, but it’s a question of time.
Food and Drinks
Okay, what if you’re hungry and thirsty, and want to buy some snacks with your crypto, is it somehow possible? The answer is “Yes!”. Once you’re in the USA, in Europe, or Asia, and you fancy having some pizza, burger, or a cup of coffee, you’ll surely find an option. For example, you can buy a gift card directly from the companies website or pay with Bitcoin in the chosen coffee shop. Starbucks, Subway, Domino’s, Pizza Hut or Papa John’s, etc., accept cryptos, so you will not starve.
Once you’re looking for places where you can buy some clothes, jewelry, and watches paying with crypto, you’ll definitely find various options for any taste. Lush, a company famous for its organic cosmetics. Even some luxurious brands such as Rolex, Patek Philippe, Franck Muller started accepting crypto.
Once you are ready to travel and have some crypto to spend, here’s Travala.com waiting for you to start your journey right away. Interestingly enough, the company has its native coin called AVA that grew in price recently.
You can also buy airline tickets via alternative airlines and pay for them with cryptocurrency such as Bitcoin (BTC), Dash, Litecoin (LTC), Ethereum (ETH), Tether.
So if you have traveling plans and doubt if it is possible to use your crypto, don’t hesitate and visit some popular companies that accept crypto as payment.
There is another great news — a new crypto-friendly platform has appeared, and it’s called Dtravel. The place claims itself as a decentralized platform driven by people who host and book accommodation accepting crypto instead of fiat money. The platform has its native coin TRVL you can vote, have access to the loyalty program, and earn rewards. It’s built on “smart contracts” between hosts and guests and should be a revolutionizing step into traveling with crypto in your wallet.
Here’s the list of companies where cryptocurrency is welcome:
- Virgin Galactic
If you’re into charity and wonder how to contribute using your crypto, here are some spots to look at. You can help children, make water cleaner, or those who have mental illnesses donate your crypto assets to charity organizations. The number of charity organizations that accept crypto donations and people who are willing to donate is growing continuously.
Best 3 ways to cash out crypto
Cashing out Through a Third-Party Exchange
Maybe that’s the most obvious way, but let’s have a closer look. You can easily convert your cryptocurrency using an exchange or a broker by depositing your funds into any exchange you like, such as Kraken and Coinbase, for instance. You just need to request a withdrawal in the currency you want to get.
Here’s another handy method of withdrawing your crypto, which is quite popular among those who are fans of anonymity and quicker transactions. Among the most popular platforms are:
That’s a highly famous platform where you can cash your crypto out up to $100,000 without any delay, it is a simple process, and you can even find YouTube videos on how to do that the quickest way. You can cash out in both ways — from the web page or a mobile app. The process is as easy as the ABC, you just click Cash Out tab, enter the amount of cash you need, and end the process up.
The largest P2P trading site allows sellers and buyers to interact directly, without intermediaries. The fees are low, and it’s free to set up an account, the operations are limited to Bitcoin trading only, that’s a big con for those who hold other cryptocurrencies. It’s easy to use, and it has access to a global network, it also supports various options for payment such as PayPal, MoneyGram, Neteller, WeChat, Payoneer, and it operates in many countries. The overall users’ experience is quite positive.
Another trusty and helpful exchange that offers peer-to-peer trading of Bitcoin (BTC).
It’s famous for its anonymity to its users because it doesn’t require any know-your-customer (KYC) or anti-money-laundering (AML) checks to begin trading. The payment methods are numerous — from a classical back transfer to Qiwi.
It’s one of the oldest exchanges in the market with a good reputation, high liquidity, different payment options. It works Local.Bitcoin.com in over 200+ countries, stands for security, and can be considered a genuinely global exchange. The network has its own built-in wallet, once you need one. Thanks to UI interface and quite a high speed of transacting your assets, it's one of the easiest ways to withdraw your crypto.
Here’s a decentralized exchange that is quite popular among users who are seeking an easy and efficient way of withdrawing their assets. You can download their platform from their website or Github to download and use it with Windows, Mac, or Linux. It supports different cryptos, including Bitcoin (BTC), Bitcoin Cash, Dash (DASH), Ethereum (ETH), Dogecoin (DOGE), etc. There are more than 15 payments options and a mobile app for iOS and Android, but transaction speed could be pretty slow.
Bitcoin Backed Loans
Here’s another way to cash out crypto — to take a loan. It’s the same thing you have in usual, real-world banks, but only in a crypto version. To lend some crypto, you need collateral, your digital assets. In real life, your collateral is a car or real estate. Such crypto lenders as Venus, Aave, Compound, BlockFi, Celsius, YouHodler, etc., allow you to get a cryptocurrency loan, and the process itself is simple. Everything you need is to sign-up on the platform and choose the amount you need. Then the platform calculates the amount of cryptocurrency as collateral and required for the loan. If the loan is approved, you get your money.
People with a bad credit history or those who don’t like a high rate of a traditional personal loan.
As the list of companies that accept crypto is growing, it’s always better to double-check by simply googling. What if your favorite coffee shop or restaurant, or clothes shop has already accepted crypto as a method of payment, and you still don’t know about that? Don’t forget that you have a significant impact on the process of accepting crypto in shops and other places, as well‚ the more you use your crypto for purchasing real-world items, the more companies welcome crypto as a method of payment because, as we know, supplying demands. You can make a difference in global cryptocurrency adoption, as well!