The growth of e-commerce has made your travel-friendly life way easier. And with it, this trend has opened up a new opportunity that works to your advantage — more online merchants are now accepting cryptos.
And it’s not surprising that both online retailers and shoppers embrace making transactions in Bitcoin and digital assets — they offer increased security and lower fees. So for a digital nomad like you, the good news is that you can pay with cryptos at your favorite stores and services online no matter where you are in the world.
Not only do big companies like Rakuten, ExpressVPN, and Expedia allow you to start shopping online with cryptos, but more and more small businesses follow the trend, as well. It’s exciting to see that you can pay with cryptos for online courses, web hosting, plane tickets, and fast food these days!
Even Paypal has added a ‘checkout with crypto’ feature, allowing customers in the US to pay with digital assets for products from millions of online merchants. So, let’s see how to start shopping online with crypto!
Although there is much debate on whether cryptos make for a better investment than they do as a payment method, there is no doubt that paying with Bitcoin and other digital assets is getting more popular. In fact, a recent survey by PYMNTS revealed that 51% of crypto owners are more likely to buy from merchants that accept cryptocurrency.
Despite the volatility of cryptocurrencies — meaning that the price you pay for a product today may not be the same tomorrow, more and more people go for this option. If you’re wondering why, here are a few reasons behind this:
However, keep in mind that when shopping online with crypto, requesting change-backs is not possible. Once the payments are recorded on the blockchain, they can’t be changed.
If you already have cryptocurrency stored in your wallet, you can easily use it to pay for online shopping. So, if the merchant you want to buy from gives you the option to pay with Bitcoin and other cryptos, all you have to do is to:
As I said before, there are plenty of options for you to spend crypto online. While online merchants are opening up to accepting more coins, you can safely use Bitcoin to pay for various products and services. Here are a few online stores accepting cryptos that may come in handy:
There are plenty of choices when it comes to the products and services that you can buy with cryptocurrencies. If you want to find out if you can pay with crypto for your desired items or to spot online stores accepting cryptos, here are a few websites that can help you with that:
Luckily, living on cryptocurrency as a digital nomad is getting easier since you have more and more options to pay with crypto. However, to truly make the most of your money, it’s worth staying up to date with various services that can help you with this. One website worth checking out is Bitrefill.
This platform allows you to purchase a wide range of products and services through gift cards. Besides the variety of gift cards offered, their services include phone refills and lightning network access. As soon as you land on their website, you’ll notice that they correlate your location with gift cards that could be relevant to you. The interface makes the purchasing process simple and intuitive. One thing worth noting, though, is that you should expect a service fee of 2% to 3%.
To pay with crypto for your choice of gift cards or any of their other services, you don’t even need to sign up for an account. Just complete these steps:
As of June this year, they have announced a partnership with Wyre allowing payments from major debit cards, credit cards, and Apple Pay. If you're at a time when you want to hold your crypto, you can still continue to use their service by paying in fiat currency instead of crypto.
Having all these opportunities for shopping online with crypto makes your globe-trotting life more enjoyable. From well-known retailers to small businesses to online platforms that make it easier for you to pay with crypto, there is no denying that the world is growing more crypto-friendly.
If you want to get more out of trading crypto and be a part of a community of people who have a similar growth mindset to yours, join our Simple Wealth Elite program and take your crypto journey up a notch.