Launched in 2008 by the famous Satoshi Nakamoto, Bitcoin is a form of digital currency. It is the best known and most widely used form of cryptography today. Even though it is a digital currency, it allows you to carry out various transactions. Here are some ideas on how to use your Bitcoin portfolio safely.
Paying for various purchases of products and services daily
Contrary to popular belief, Bitcoin is not only usable online. You can pay physical merchants for your everyday purchases. Not all merchants accept it yet, but the number is growing every day. There are even bars, restaurants, and department stores that allow this alternative means of payment.
Nevertheless, Bitcoin will be more useful to you at the moment for paying for services on the Internet. Do you want to create your website? Optimize its referencing? Use a VPN? Buy digital products, such as software and video games? You can do it without any problem. More and more sites offer you the possibility to pay for your purchases in Bitcoins.
Entertain and have fun online
The gaming industry is one of the few sectors that never experience the crisis. With the advent of the digital age and the democratization of the Internet, you can play a large number of games online while staying at home. Online casinos can accept Bitcoin and other crypto money and are becoming more and more numerous. For a good reason, digital currencies are ideal for making dematerialized payments on the web.
Exchanging them in traditional currency
You have earned Bitcoins in your virtual wallet and would like to exchange them into fiat currencies? It is entirely possible. Some cryptocurrency platforms offer you this type of service. Some even offer you a prepaid debit card that allows you to convert your Bitcoins into dollars or euros automatically. If you want, you can also use your card directly to pay for your online purchases, for example, on Amazon.
Investing in real estate and building assets
A few years ago, Bitcoin was still a vague computer concept. Today, it is now accepted as a simple, fast, and secure means of payment. By fulfilling all the basic functions of conventional currency, this cryptocurrency can be used for investments. Do you intend to invest in real estate? You can finance your project with Bitcoins, whether it is a building construction to make it your residence or acquisition to be an owner-lessor. In the first case, you build up your real estate assets. In the second case, you enjoy the benefits of the rental income.