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Cryptocurrencies like Bitcoin have been around for quite a while now, but it was really in 2017 when it got the attention of many. It was in this year when the value of Bitcoin reached over 20,000 US dollars, and this is why many people and businesses started to use it.
Apart from Bitcoin, many cryptocurrencies soon became popular. Some of the popular cryptocurrencies other than Bitcoin are Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). However, it is Bitcoin (BTC) that is the most popular. It is even considered as the father of all cryptocurrencies.
Cryptocurrencies are digital funds that can be used for exchange or online trading. It is also used by many startups to get investors who could fund their businesses. Cryptos like BTC have great potential and people find them really convenient for use. Its owners or users can remain anonymous. No personal information is required to be shared to initiate payments using cryptocurrencies and this lessens the chances of fraudulent activities.
The transactions are also real-time. You no longer have to wait for your transactions to be processed by any third-party. You’ll just need the wallet address of the person you intend to transfer BTC to.
It’s also even easy to convert your money or cash into any of the cryptos, but you’ll most likely start with BTC. There are many online platforms which can assist you in getting BTCs.
BTC is not just used for trading; Bitcoin can also be used in many fun ways. Here are some interesting things you can do with your Bitcoin nowadays.
Buy Jewelry:
Buying jewelry is actually an interesting way for you to invest your money. This is something that a lot of people do as the value of jewelry can become quite expensive in the future. However, many people now see cryptocurrencies as something which is better than gold.
There’s truth in that because it’s more secure to own Bitcoins rather than pieces of jewelry that can be stolen. However, if you still want some pieces stashed somewhere, you can now purchase gold or jewelry with your Bitcoin.
You can get luxurious watches, rings, necklaces, and many more with crypto as many jewelry shops online now accept Bitcoin as a mode of payment. All you really have to do is add the pieces you want to your cart and check out with BTC. What an easy and interesting way to shop for jewelry!
Play online casino games:
Nowadays, Bitcoin gambling is also becoming popular. A lot of gamblers prefer using Bitcoin because of its convenience. They could also remain anonymous as they gamble and that’s something that a lot of them prefer.
What’s also good is that transactions made with online casinos worldwide are now made easier through the use of Bitcoin or other cryptos. Banks are usually strict when it comes to transactions that involve gambling, and so you no longer have to deal with that. Many online casinos now accept Bitcoin for you to make a deposit.
Just make sure that you still read guides for US Bitcoin gamblers or other guides that you can find regarding Bitcoin transactions in online casinos to keep yourself away from any impending problems.
Travel:
If you’ve always been dreaming of touring places all over the world, well you might as well do this with your Bitcoin. There are now travel agencies online that accept bookings and reservations paid through cryptos or Bitcoin.
You can also look for hotels or inns that accept Bitcoin too. It’s actually a good way for you to avoid lessening the value of what you have because of the exchange rates that fluctuate daily.
If you’re visiting a country or a place, you should also check out places that accept Bitcoin too like pubs or restaurants. Spending your Bitcoin for food and drinks is definitely something that you should try out.
These are just a few fun and interesting things that you can do with your Bitcoin. You can still expect that more and more companies and businesses will accept cryptos in the near future. Analysts still see that cryptos will be valued more than it already has, and so continue to be on the lookout.
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