Although Bitcoin is not such a widely used payment method as credit cards or cash, Bitcoin adoption is growing. It is also possible to exchange earned Bitcoins for traditional currencies at any time through a reliable cryptocurrency exchange.
How can I use my earned bitcoins?
There are two main methods to use the earned bitcoins: exchange them for real money, goods or services or invest them into something, which might bring profit in future.
A range of e-commerce websites, like Dell and Overstock, have started to accept bitcoins for payment recently. Bitcoin gift cards have been created in case a person can only find the necessities among the particular retailers, since plenty of gift card businesses, such as Walmart, Amazon and Nike, have started to accept bitcoins as well.
Moreover, the sweets of life like travel tickets, hotel stays, restaurants dinners and bar shots can be paid by cryptocurrencies at some service providers of such a kind (Bitcoin.Travel, One Shot Hotels, etc.).
Bitcoin is kept a close eye on by payment service providers. The main achievement in this sphere is that PayPal launched partnership with three major bitcoin payment service providers in 2014 – BitPay, Coinbase and GoCoin – marking the integration of real money and bitcoins within the payment processing.
In terms of reinvestment, bitcoins suit online gambling perfect, providing delay-free bitcoins turnover and serving a stimulating factor for staying in the game, like it operates in Softswiss bitcoin online casino software.
Apart from this, bitcoin holders are more than welcome to reinvest the cryptocurrency further instead of exchanging it for goods and using for gaming. Online bitcoin marketplaces and auctions as well as online-gambling operators, dealing with bitcoin, are aimed at this.
Bitcoins even become charity-oriented, serving as a donation tool.
Therefore, bitcoins are usable, investable, transferrable and paying. Becoming a global payment method, bitcoins raise more and more interest among potential users. Its growing applicability is justified by decentralization, speed of use and enhanced security.