At its peak, Bitcoin has since surpassed a total market capitalization of over $1 trillion.
If you’re amongst those who have decided to buy Bitcoin, you might be wondering how you can put your digital asset to use.
This online platform allows you to deposit your BTC tokens into a crypto savings account and in doing so – you will earn an attractive rate of interest.
This means that instead of spending Bitcoin on things you don’t need – you can continue to grow your allocation of tokens over time.
And, if you’re really looking to maximize your potential gains, Aqru even allows you to swap Bitcoin for a stablecoin like Tether or USD Coin – which will amplify your APY to 12%.
Not only does this mean that you can deposit USD, EUR, or GBP into a savings account – but you can also withdraw fiat back to your bank account.
For those unaware, crypto staking involves locking your tokens away for a certain period of time, and in return – you will be paid a rate of interest.
Once again, this will enable you to grow your crypto holdings much faster – as you will continue to grow the number of tokens that you own.
Another thing to note about eToro is that it also offers copy trading services – should you wish to invest your Bitcoin profits into other financial products.
The amount of interest that you can earn on Bitcoin will depend on several factors – such as how long you decide to lock the tokens away for and whether or not you own CRO – which is native to Crypto.com.
If you want more control over your Bitcoin tokens, a flexible account with no CRO staking yields 0.5%.
There are thousands of popular NFT series to choose from – some of which are backed by Aston Martin F1, Ugonzo Art, Snoop Dogg, and BossLogic.
Another option that is worth considering when assessing how to spend Bitcoin is to apply for the BlockFi debit card.
Microsoft was one of the first major companies to embrace Bitcoin, with the tech firm accepting BTC payments way back in 2014 when the digital currency was still largely unknown.
In addition to buying desktop computers and laptops via the Microsoft website, you can also top up your Xbox Live account to purchase games and other add-ons.
Now, we should note that the world’s largest coffee chain – which now stands at nearly 35,000 stores globally, does not directly accept Bitcoin at its cash registers.
For those unaware, Bakkt is a leading rewards program in the US that allows users to earn points and subsequently spend them across a range of domestic stores – including Starbucks.
AT&T is the largest telecommunications company in the US – with the firm dominating the landline, cell phone, and broadband markets.
And as such, when it comes to paying your monthly bill, all you need to do is select BitPay at the checkout and proceed to settle up with Bitcoin.
Did you know that you can buy Bitcoin with PayPal? Another company that is looking to take the crypto industry to new heights is PayPal.
Then, when you get to the respective website and select PayPal as your chosen payment method – you will be given the option to settle up with crypto.
It was only a matter of time before Bitcoin would be accepted as a payment method to buy real estate.
And, should you wish to buy real estate with Bitcoin – the seller doesn’t even need to accept crypto assets to settle the transaction.
Overstock is one of the largest online retailers in the US – with the platform home to thousands of products.
Then, through its partnership with leading exchange Coinbase – the Bitcoin will be debited from your wallet to pay for the transaction.
After all, Bitcoin is an emerging technology and payments network that has grown in value by a considerable amount since it was launched in 2009.
For example, let’s suppose that you have $2,000 worth of Bitcoin at your disposal.
This means that over the course of the year, you would earn $140 worth of Bitcoin.
If you are looking at how to spend Bitcoin because you do not readily have access to funds – there is another option that you might consider – a crypto loan.
This means that if you have $2,000 worth of Bitcoin and you deposit the tokens into Crypto.com – you can receive up to $1,000.
It remains to be seen whether more companies will start accepting Bitcoin.
If you want to spend Bitcoin from your earned interest, you can elect to make a deposit.
This guide has discussed the best ways to spend Bitcoin – both online and in-store.
However, we found that the overall best place to spend Bitcoin is at Aqru.
You might also consider applying for a BlockFi debit card, which will allow you to spend Bitcoin anywhere that Visa is accepted.
For example, if you are spending Bitcoin in-store, then the merchant will likely scan your crypto wallet QR code.
Although it was previously announced that Tesla now accepts Bitcoin, this has been temporarily halted by the electric car maker.
Kane Pepi is an experienced financial and cryptocurrency writer with over 2,000+ published articles, guides, and market insights in the public domain.