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Did somebody say shopping?

[Bit]coin flipping: Here’s where you can spend your digital coins

Gabriela Motroc

Are Bitcoins spendable or not? What can you buy with your digital coins and where to find shops that accept this kind of payment? Knowing whether Bitcoins are truly spendable will not only increase adoption, but also boost confidence and transparency. Let’s find out if this digital currency is indeed better than credit cards.

It has become common knowledge that people use Bitcoins to pay for illicit products or services. A 2014 study revealed that five percent of people who know about Bitcoin have used these digital coins to buy illegal drugs. Research also shows that people use Bitcoins to buy guns and other products that are either illegal or simply immoral.

Those days are gone, now people are trying to make an honest currency out of Bitcoin. OpenBazaar is one example —a decentralized marketplace which uses Bitcoin. Project leader Brian Hoffman announced in the official release that “starting today (April 4, 2016), anyone in the world with access to an internet connection can use Bitcoin and OpenBazaar to exchange goods and services freely.” Unlike eBay, Amazon, or Alibaba, OpenBazaar is a fully peer-to-peer marketplace where buyers and sellers engage in trade directly with each other. Although listings for drug-related products started to appear shortly after OpenBazaar went live, the team behind this project is constantly trying to tone down these challenges.

What can you buy with Bitcoins?

According to the latest listings, you can buy a TV that costs 1.25 BTC, a couple of glasses that cost 0.44 BTC, candy — 0.006 BTC, 10 Bitcoin stickers — 0.015 BTC, cars, online classes, honey, video games and more. Personal care products are in great demand on OpenBazaar, especially since most of the items are 100 percent natural and handcrafted. For example, lip balms cost 0.0116 BTC and come in three flavors. For those who want to buy clothing items, this website seems to be full of t-shirts, leather goods, vintage dresses etc.

If you think OpenBazaar is too complicated, there are plenty of other websites that accept your digital money, such as Overstock, Dell, Microsoft, Newegg, TigerDirect and CheapAir.com. You can also use Bitcoins to secure your spot at the upcoming International PHP Conference and webinale.

You can spend you Bitcoins on a personal aircraft if you have 1,430.804 BTC or you can buy a Porsche Cayenne for 55.035 BTC. All this and more can be found on BitPremier. If you still haven’t found what you were looking for, try Coingig, Nestorgames or Virgin Galactic —yes, you can buy a space ticket using Bitcoins. If you want to sell or buy your used car with Bitcoins, that’s also possible.

Author
Gabriela Motroc
Gabriela Motroc is an online editor for JAXenter.com. Before working at S&S Media she studied International Communication Management at The Hague University of Applied Sciences.

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