Who Accepts Bitcoin or Other Crypto as Payment?

Bitcoin’s integration on a global financial level has reached new heights recently.

It’s one that many skeptics a few years back could have never imagined!

The value of BTC has shot up, hovering around the $100,000 mark, and has become more favorable in certain governments and financial institutions.

This begs the question: Who accepts Bitcoin as payment?

Institutional Adoption and Companies Accepting Bitcoin

The approval of U.S. exchange-traded funds (ETFs) tied to Bitcoin has boosted its acceptance in the mainstream.

In 2024, these ETFs accumulated over $36 billion in new investments! That is a collective holding of over a million Bitcoins.

Large mainstream management institutions like BlackRock and Fidelity have been driving these successful Bitcoin ETFs, which has helped other major corporations accept Bitcoin as a reliable payment method unlike ever before.

Developments in Regulations

The changes in political climates globally have also affected Bitcoin and how crypto is used.

Recently, President Donald Trump has taken a pro-Bitcoin stance and has even encouraged small businesses to use crypto. He has even insinuated that businesses allocate parts of their treasury to BTC, saying that it’s a hedge against inflation.

Bitcoin continues to grow and plays an important role on the international trade level.

Certain regions with unstable economies, like India, Indonesia, Vietnam, and Nigeria have adopted crypto, following El Salvador’s lead to hedge against the devaluation of their currency.

What Can You Buy with Bitcoin or Crypto?

Luckily, in the last year, the ability to purchase goods and services with Bitcoin (BTC) and other cryptocurrencies has grown significantly.

While universal adoption is still far away, there is a growing number of sectors and businesses that accept Bitcoin as payment.

Tech Gadgets and Electronics 🧑‍💻

First off, for all the tech lovers out there, you’re in luck. The tech and electronics industry is probably made up of the leading businesses that first accepted Bitcoin as payment, and rightfully so!

Websites like Newegg and Overstock are your go-to digital shopping platforms. If you are looking to buy the latest gaming console or want to upgrade your home office, these sites have got you covered and happily accept Bitcoin.

The process is similar to that of shopping online the traditional way, but instead of paying with your credit card, you’re using your crypto wallet. Although both are American companies, they have global affiliates and can ship to Europe and Asia. 

Traveling with Crypto ✈️

Your wanderlust can now be paid with digital currency. Platforms like CheapAir are revolutionizing the way we think about booking trips.

You can use BTC, ETH, Doge, and more for booking flights, hotels, and even car rentals. 

Other popular examples include Norwegian Air. This airline accepts Bitcoin for flight bookings, allowing travelers to use cryptocurrency for their journeys.

Travala is a travel agency that allows the use of Bitcoin and other crypto for booking hotels and flights.

Freelance and Contractors 🧑‍💼

Moving towards service-oriented purchases, cryptocurrencies are making big waves in the freelance and contractor world, especially in international markets.

Imagine being able to contract a professional from a specific part of the world for a localized service.

Talk about authenticity!

For example, platforms like Latium Freelancing (known as the Bitcoin freelance marketplace) connect freelancers with jobs that allow for payments to be made with various cryptocurrencies.

This is extremely useful for freelancers because it simplifies cross-border and country payments, making it easier and faster for them to get paid without the hassle of currency conversion or bank fees.

Entertainment & Gaming 🎮

Pubkey is a unique bar located in New York’s Greenwich Village. With some sort of involvement from President Trump, the bar has embraced Bitcoin as a payment method for purchasing drinks.

As a result, this has turned Pubkey into a hub for crypto lovers.

In addition to physical businesses that accept Bitcoin, many online casinos now accept crypto. This has been very appealing to players because it provides increased privacy, faster transactions, and lower fees compared to traditional banking options.

Retail & E-commerce 🛒

Microsoft accepts Bitcoin for digital content, while Shopify merchants can integrate crypto payment options in their shops.

Overstock is another e-commerce site that has been allowing customers to buy a variety of products using Bitcoin for years.

Food & Restaurants 🍔

Starbucks allows customers to reload cards with Bitcoin via digital wallets.

At certain Burger King locations, like in Paris, you can now pay directly with Bitcoin. While Subway has been accepting Bitcoin at some restaurants since 2013.

Luxury Goods & Items ⌚

Ferrari now accepts Bitcoin for vehicle purchases at its European dealerships, while some Rolex retailers offer Bitcoin payments.

How Do I Make a Purchase With Bitcoin?

Buying with Bitcoin isn’t difficult, but there are a few steps to follow.

First, you’ll need a crypto wallet, which acts as your “digital purse” for storing your crypto.

Popular options include Coinbase, Binance Wallet, Exodus, Material Bitcoin, and Ledger.

Choose one based on privacy, security, and ease of use, then set it up to hold your funds.

Once your wallet is ready, purchasing with Bitcoin is simple.

If a website accepts Bitcoin, you’ll typically see a QR code or a wallet address at checkout.

You can either scan the QR code with your smartphone or manually enter the recipient’s wallet address.

Once the Bitcoin is sent, the purchase is complete.

For websites that don’t directly accept Bitcoin, payment gateways like BitPay, PayPal, Shopify, WooCommerce, or Coinbase Commerce act as intermediaries.

They allow you to pay with Bitcoin while converting it into fiat currency for the seller, ensuring a smooth transaction.

Using Prepaid Cards and Payment Gateways

For those who prefer to buy prepaid cards or use payment gateways (like mentioned above), there are many easy ways of going about it all with your crypto. 

Prepaid Crypto Cards💳

Just like you would tap your card at your local coffee shop to pay with Bitcoin or Ethereum, it’s exactly what prepaid crypto cards offer but also for online purchases.

Companies like Cryptowallet.com and BitPay have introduced cards that convert your cryptocurrency into local currency in real-time, allowing you to shop anywhere that accepts Visa or Mastercard.

It’s like having your crypto wallet in your pocket, ready to be used for everyday purchases, travel expenses, or online shopping sprees.

The best part?

You get to enjoy perks like cashback in crypto and zero foreign transaction fees.

But, be aware of security as they rely on third-party organizations to finalize purchases. 

Payment Gateways for Online Purchases💻

For buyers and sellers, accepting crypto payments has been revolutionary for business.

Not only does it give people from all around the world the ability to buy global products without needing to consider foreign currencies, but it also allows for privacy and anonymity.

These platforms integrate into a merchant’s e-commerce site, allowing them to accept payments in various cryptocurrencies, but again, be careful with KYC regulations for big purchases.

Using Bitrefill for Crypto Payments

Bitrefill has changed the way that consumers and major companies look at Bitcoin and crypto.

To give you a better understanding of what exactly Biterfill is, it’s a platform where you can use Bitcoin and other popular cryptocurrencies to buy gift cards for hundreds of retailers.

You can use your Bitcoin to buy an Amazon gift card, pay for your next Netflix binge, or even buy groceries.

This really has revolutionized the acceptance of crypto, since some of these retailers do not accept digital currency themselves.

But a gift card purchased with crypto opens the door for using cryptocurrencies pretty much anywhere!

Here’s how it works: on the Bitrefill site, you browse through their available gift cards ranging from Vodafone, El Corte Inglés, Carrefour, Uber, Decathlon, H&M, ZARA, Spotify, and XBOX (just to name a few), and select what you want.

Pay with your Bitcoin or other cryptocurrencies directly, and you get a digital gift card code ready to be used either online or in-store. 

What makes Bitrefill so cool is that it expands the usability of cryptocurrencies, making it a real-world currency just as useful as fiat money.

Safely Storing Your Crypto for Purchases

Using crypto for everyday purchases is the future.

This is why securely storing your digital assets is just as crucial as your fiat money and credit cards.

We at Material Bitcoin are here to offer our easy-to-use cold wallets as the perfect cold storage solution.

They are designed with security in mind to keep your Bitcoin safe while making it easy for you to access, manage, and use your crypto whenever and wherever you want.

FAQs

How Do I Convert Bitcoin to Cash?

• Converting Bitcoin to cash is easier than you might think. You can use a cryptocurrency exchange like Coinbase or Binance. Just sell your Bitcoin on the platform, and then withdraw the cash to your bank account. You can also check out a Bitcoin ATM (you can find many of them globally through the link) if you prefer a physical transaction or use a peer-to-peer (P2P) service like LocalBitcoins to sell directly to someone and get cash in hand or a bank transfer.

Does Walmart Accept Bitcoin?

• As of now, Walmart doesn’t directly accept Bitcoin at their stores. However, there’s a workaround: you can buy Walmart gift cards using Bitcoin from services like Bitrefill or Gyft. 

Does Amazon Take Bitcoin?

• Directly, no, Amazon hasn’t jumped on the Bitcoin bandwagon just yet. But similar to Walmart, you can use your Bitcoin to snag Amazon gift cards through platforms like Bitrefill.