How To Buy And Pay With Bitcoin
The easiest and most convenient way to make purchases using bitcoin or other cryptocurrencies is with a cryptocurrency debit card. These cards, which are available from major crypto exchanges and other providers, also allow the holder to withdraw cash from participating ATMs. Many participate in major networks, such as Mastercard and Visa."}},"@type": "Question","name": "How Does a Bitcoin Debit Card Work?","acceptedAnswer": "@type": "Answer","text": "Bitcoin debit cards work much like regular prepaid debit cards, except that instead of cash, they are preloaded with bitcoin or another cryptocurrency of your choice. When you use them at a store, the money is withdrawn from your card in cryptocurrency and paid to the merchant in fiat money, such as dollars. When your balance gets low, you can reload the card.","@type": "Question","name": "Can I Use Bitcoin to Make Purchases on Amazon?","acceptedAnswer": "@type": "Answer","text": "While Amazon and most other large online retailers do not accept bitcoin directly, buying an Amazon gift card (or gift cards from most other major online retailers) with bitcoin is fairly easy by navigating to various retail bitcoin-friendly retailers like Bitrefill.com and buying gift cards with bitcoin at today's exchange rate."]}]}] Investing Stocks Bonds Fixed Income Mutual Funds ETFs Options 401(k) Roth IRA Fundamental Analysis Technical Analysis Markets View All Simulator Login / Portfolio Trade Research My Games Leaderboard Economy Government Policy Monetary Policy Fiscal Policy View All Personal Finance Financial Literacy Retirement Budgeting Saving Taxes Home Ownership View All News Markets Companies Earnings Economy Crypto Personal Finance Government View All Reviews Best Online Brokers Best Life Insurance Companies Best CD Rates Best Savings Accounts Best Personal Loans Best Credit Repair Companies Best Mortgage Rates Best Auto Loan Rates Best Credit Cards View All Academy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All TradeSearchSearchPlease fill out this field.SearchSearchPlease fill out this field.InvestingInvesting Stocks Bonds Fixed Income Mutual Funds ETFs Options 401(k) Roth IRA Fundamental Analysis Technical Analysis Markets View All SimulatorSimulator Login / Portfolio Trade Research My Games Leaderboard EconomyEconomy Government Policy Monetary Policy Fiscal Policy View All Personal FinancePersonal Finance Financial Literacy Retirement Budgeting Saving Taxes Home Ownership View All NewsNews Markets Companies Earnings Economy Crypto Personal Finance Government View All ReviewsReviews Best Online Brokers Best Life Insurance Companies Best CD Rates Best Savings Accounts Best Personal Loans Best Credit Repair Companies Best Mortgage Rates Best Auto Loan Rates Best Credit Cards View All AcademyAcademy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All Financial Terms Newsletter About Us Follow Us Facebook Instagram LinkedIn TikTok Twitter YouTube Table of ContentsExpandTable of ContentsBitcoin Goes MainstreamHow to Buy With BitcoinWhat You Can Buy With BitcoinFAQsThe Bottom LinePersonal FinanceFinancial Literacy What Can You Buy With Bitcoin? Cryptocurrencies go mainstream, accepted by more vendors
how to buy and pay with bitcoin
The easiest and most convenient way to make purchases using bitcoin or other cryptocurrencies is with a cryptocurrency debit card. These cards, which are available from major crypto exchanges and other providers, also allow the holder to withdraw cash from participating ATMs. Many participate in major networks, such as Mastercard and Visa.
Bitcoin debit cards work much like regular prepaid debit cards, except that instead of cash, they are preloaded with bitcoin or another cryptocurrency of your choice. When you use them at a store, the money is withdrawn from your card in cryptocurrency and paid to the merchant in fiat money, such as dollars. When your balance gets low, you can reload the card.
While Amazon and most other large online retailers do not accept bitcoin directly, buying an Amazon gift card (or gift cards from most other major online retailers) with bitcoin is fairly easy by navigating to various retail bitcoin-friendly retailers like Bitrefill.com and buying gift cards with bitcoin at today's exchange rate.
While the average time to complete a block and confirm a transaction is roughly 10 minutes, the process does vary due to factors like the fees you pay and the number of Bitcoin miners participating in the network. If you don't pay any fees, for example, then you might be waiting days or weeks to complete a transaction. Many wallets help users set appropriate fees that will help the transaction complete smoothly."}},"@type": "Question","name": "How do you buy bitcoin with PayPal?","acceptedAnswer": "@type": "Answer","text": "You can buy, sell, and hold cryptocurrency like Bitcoin within your PayPal account. Simply log in and find the crypto tab at the top of the page. From there, you can use your existing PayPal funding methods to trade Bitcoin, Ether, Bitcoin Cash, and Litecoin. Venmo, which is owned by PayPal, has a similar process for trading crypto.","@type": "Question","name": "How much bitcoin should I buy?","acceptedAnswer": "@type": "Answer","text": "This is a highly personal question that is best discussed with your financial advisor. As a general rule of thumb, you might want to think of your Bitcoin allocation as one of your most volatile and risky pools of money. Putting something like 5% of your investment funds toward these types of risky assets gives you some exposure without endangering your entire portfolio. Others enjoy taking more risks in markets, so they buy more Bitcoin, while others may decide that such a risky asset isn't worth buying at all."]}]}] .cls-1fill:#999.cls-6fill:#6d6e71 Skip to contentThe BalanceSearchSearchPlease fill out this field.SearchSearchPlease fill out this field.BudgetingBudgeting Budgeting Calculator Financial Planning Managing Your Debt Best Budgeting Apps View All InvestingInvesting Find an Advisor Stocks Retirement Planning Cryptocurrency Best Online Stock Brokers Best Investment Apps View All MortgagesMortgages Homeowner Guide First-Time Homebuyers Home Financing Managing Your Loan Mortgage Refinancing Using Your Home Equity Today's Mortgage Rates View All EconomicsEconomics US Economy Economic Terms Unemployment Fiscal Policy Monetary Policy View All BankingBanking Banking Basics Compound Interest Calculator Best Savings Account Interest Rates Best CD Rates Best Banks for Checking Accounts Best Personal Loans Best Auto Loan Rates View All Small BusinessSmall Business Entrepreneurship Business Banking Business Financing Business Taxes Business Tools Becoming an Owner Operations & Success View All Career PlanningCareer Planning Finding a Job Getting a Raise Work Benefits Top Jobs Cover Letters Resumes View All MoreMore Credit Cards Insurance Taxes Credit Reports & Scores Loans Personal Stories About UsAbout Us The Balance Financial Review Board Diversity & Inclusion Pledge View All Follow Us
Budgeting Budgeting Calculator Financial Planning Managing Your Debt Best Budgeting Apps Investing Find an Advisor Stocks Retirement Planning Cryptocurrency Best Online Stock Brokers Best Investment Apps Mortgages Homeowner Guide First-Time Homebuyers Home Financing Managing Your Loan Mortgage Refinancing Using Your Home Equity Today's Mortgage Rates Economics US Economy Economic Terms Unemployment Fiscal Policy Monetary Policy Banking Banking Basics Compound Interest Calculator Best Savings Account Interest Rates Best CD Rates Best Banks for Checking Accounts Best Personal Loans Best Auto Loan Rates Small Business Entrepreneurship Business Banking Business Financing Business Taxes Business Tools Becoming an Owner Operations & Success Career Planning Finding a Job Getting a Raise Work Benefits Top Jobs Cover Letters Resumes More Credit Cards Insurance Taxes Credit Reports & Scores Loans Financial Terms Dictionary About Us The Balance Financial Review Board Diversity & Inclusion Pledge InvestingTradingCryptocurrency & BitcoinA Guide to Buying and Using Bitcoin for Online PurchasesByBrian EdmondsonUpdated on November 30, 2021Reviewed byKhadija Khartit Reviewed byKhadija Khartit Twitter Website Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities. She has been an investor, entrepreneur, and advisor for more than 25 years. She is a FINRA Series 7, 63, and 66 license holder.learn about our financial review boardIn This ArticleView AllIn This ArticleGet Bitcoin With a Digital WalletPurchase Bitcoin ElectronicallyBuy Bitcoin LocallyShop Online and Pay With BitcoinThe Bottom LineFrequently Asked Questions (FAQs) Photo: Oscar Wong/Getty Images 041b061a72