Five Things You Can Buy Using Bitcoin

TL;DR

Bitcoin is becoming a mainstream payment method. Here are five legal items you can buy using Bitcoin.

Key Takeaways

• Bitcoin can be used to purchase tech products from major retailers.
• Cars, including luxury models, can be bought with Bitcoin.
• Media outlets are accepting Bitcoin for subscriptions and purchases.
• Luxury watches are available for purchase using Bitcoin.
• Some insurance companies now accept Bitcoin for premium payments.

What Can You Buy with Bitcoin?

1. Ecommerce and Tech Products

You can buy various products from eCommerce websites that accept Bitcoin. Companies like Microsoft, AT&T, and Newegg allow Bitcoin as a payment method. Microsoft accepts Bitcoin only on its online store, while eCommerce platforms like Rakuten and Shopify also support it. Amazon is gradually moving towards accepting Bitcoin, and eBay has started to accept it as well.

2. Cars

You can purchase cars using Bitcoin, from luxury brands like Lamborghini to more utilitarian vehicles like Subarus. Tesla previously accepted Bitcoin but suspended this option in late 2021 due to environmental concerns.

3. New Media

Media outlets that promote cryptocurrency, such as the Chicago Sun-Times, accept Bitcoin for payments. Times Inc. has also collaborated with Crypto.com to facilitate Bitcoin transactions.

4. Luxury Watches

Luxury watches from brands like Patek Philippe and Rolex can be purchased with Bitcoin through platforms like BitDials. Some luxury watchmakers have even created watches featuring QR codes linked to Bitcoin.

5. Insurance

While the insurance industry has been cautious about adopting Bitcoin, some companies like AXA and Metromile are now accepting it for premium payments, excluding life insurance due to regulations.

Final Takeaway

Bitcoin is increasingly accepted as a payment method by various companies, fulfilling its original purpose. If you have Bitcoin earnings, consider purchasing items from the categories mentioned above.

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