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Every cryptocurrency or token on the market has a function, a planned use case that makes it beneficial in the hands of its holder.
For instance, the monarch of all virtual assets is Bitcoin is currently appreciating as a hedge against fiat currency inflation and as a store of value alternative to gold. Ether, the second most valuable cryptocurrency by market capitalisation, is used to power smart contracts and decentralised applications (dapps) on the Ethereum network.
The usefulness of bitcoin appears to decide how valuable and demanding it can or should be. However, for most ordinary people, the value stems from the capacity to spend money on daily requirements.
At the moment, over 8,800 cryptocurrencies have been produced and are being utilised for a variety of purposes. The majority of them, in fact, cannot be spent on anything other than other cryptocurrencies on an exchange.
The good news is that by 2021, those currencies at the top of the crypto market food chain will no longer be relevant.
If you know how (which is almost simple), you can buy anything with crypto, quickly and easily, whether you want to spend Bitcoin, Litecoin, Ether, Nano, TRON, or a few other popular currencies.
And by saying anything, it may imply anything.
So, how can I use Bitcoin or other crypto assets to make purchases?
Depending on what you want to buy, there are a few different methods to spend Bitcoin and other currencies.
The first option is to rely on online shops that have a crypto payment option set up.
Currently, hundreds of shops throughout the world accept various crypto assets as payment. Furthermore, they make themselves easily found by offering their services on websites dedicated just to listing and displaying crypto-friendly shops.
Paying with cryptocurrency at such businesses is essentially the same as spending Euros or Dollars with your credit card online: you choose items, proceed to checkout, make a payment, and that’s it.
However, the majority of businesses who accept cryptocurrency payments are in specialised areas such as Adult, VPN, or hosting services, and there’s a strong possibility that you’d prefer to buy something more desired or necessary.
Items like smartphones, computers, video games and everyday consumer goods naturally come to mind first.
However, despite the fact that Bitcoin is already 12 years old, it is still difficult to locate reputable first-hand vendors that would provide such an inventory for it. And attempting to purchase something with any other cryptocurrency or token is nearly impossible.
Surely, there must be something we can do about it before 2021?
And you are correct in asking that question. As previously said, there is another option to spend bitcoin and other virtual assets for items that are not typically offered for them without leaving your comfort zone.
Gift cards may be used to spend Bitcoin on anything and anything.
While you cannot directly spend Bitcoin or other crypto assets on marketplaces such as Amazon or eBay, you may buy Amazon or other gift cards with crypto instead.
And these are just two instances; currently, the selection of gift cards available for cryptocurrencies is very extensive, with options available in most parts of the world, including Europe, the United States, Canada, and others.
As of now, the site provides 600+ gift cards and vouchers from companies like as Amazon, eBay, Google Play, and Sony Playstation, thereby giving your cryptocurrency the same purchasing power as cash.
Obtaining gift cards for cryptocurrencies is becoming increasingly popular among crypto users, not simply as a means of purchasing items for oneself.
It is also handy when you need a quick present for any occasion, or when you want to send something valuable to your relatives in another country rather than utilising expensive money transfer services.
The stats don’t lie, and they’re in agreement. Since CoinGate launched its gift card retail business in July 2020, the number of voucher sales has increased by at least 30% per month.
However, sales actually soared at the start of the year 2021 — compared to December, CoinGate sold 50% more gift cards in January, achieving a monthly average in just 15 days.
It just demonstrates how high the need for such a service is and how beneficial people find it in their everyday lives, which is one of the reasons why the firm is currently expanding its service to India’s enormous user base.
Is the service, however, as simple to use as it appears?
Buying a gift card with Bitcoin (email delivery)
Short answer: yes.
First off, select any gift card that you want from CoinGate gift cards store. There is a search option to hunt for a certain card, or you may arrange the inventory by the popularity of the voucher, the date it was introduced, and the accessible nations. Otherwise, look through the store’s categories to discover what it has to offer.
When you find something that you like, simply select the gift card, enter the amount and add it to the cart.
Once on the checkout page, enter your email address. The gift card will be delivered there.
If you like, you can also send a gift card to someone else’s email address as a present.
After entering your email address, you will be presented with a number of payment methods from which to pick. The service accepts Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), XRP, Nano, Dai, Travala.com Token (AVA), Bitcoin Cash (BCH), TRON, or BitTorrent Token as payment for coupons (BTT).
The business now accepts Lightning Network payments for Bitcoin and Litecoin, allowing you to save money on network costs.
All that remains once you click the “Pay with crypto” option is to make a payment. Scanning the QR code with your mobile wallet is one option, but you may also copy the address and send the correct amount of bitcoin to it that way.
The best part is that gift cards are emailed to you immediately after payment.
That’s it! It is that simple to obtain the desired gift card, and the entire process takes no more than 10 minutes. Just remember to always choose the proper location before completing a purchase.
If you’re unsure how to redeem gift cards for the service, don’t worry; instructions may be found on the description page of your gift card.
Hopefully, you’ll put this information to good use and treat yourself or someone dear to you to something wonderful while you’re at it.
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