As soon as the holiday season comes around, we all feel the pressure of buying gifts.
This can be stressful, especially if you head out to stores to brave the crowds.
But if you have your own crypto, can that be used for gift buying?
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Can you buy your loved ones the things they love using crypto?
Where Can You Spend Your Crypto?
Ten years ago, the idea ofpaying for products in cryptowas essentially unheard of.
Image Credit: CryptoWallet.com Images/Flickr
But as the cryptocurrency industry has developed, so has the worldwide adoption of crypto-based payments.
Cryptocurrency is far from being as widely accepted as fiat money.
There are currently over 15,000 global retailers that allow BTC payments.
Image Credit: CryptoWallet.com Images/Flickr
You’ll often need to use a payment processing app like Flexa to pay using cryptocurrency.
The vendors listed above are all legitimate, so you don’t need to worry about them.
But if you’re planning on trying a smaller platform, be sure to look out for red flags.
This includes spelling errors, suspiciously cheap products, and unusual URLs.
This should always be kept private.
If a crypto site asks for your private key, it’s likely a scam.
Your seed phrase should also never be requested nor provided.
However, if you want to extend your reach, you may want to check out gift card sites.
If it’s games you’re looking for, various sites allow you tobuy game keys using cryptocurrency.
These services will email you your game key after purchase, which you’re able to use immediately.
Take Joltfun, for example.
Variousgift card sites accept crypto paymentsin exchange for gift cards.
A particularly popular crypto gift card site is Bitrefill.
Bitrefill allows you to buy hundreds of different gift cards from a range of industries.
So, which cryptos can be used on Bitrefill?
So, Bitrefill gives you a lot of choices when it comes to how you pay.
These sites work similarly to Bitrefill, sending you virtual gift cards in exchange for crypto.
Of course, you’re able to simply send crypto to the recipient’s wallet address.
Take Coinbase, for example.
Many of the assets that Coinbase lists for trading can be sent as a gift cards.
So, if this interests you, check out some of the retailers discussed above.
