What Is Cryptocurrency Coin Burning?


In our day-to-day lives, most of us use traditional currencies to pay for products and services, be it by card, cash, or even our phone. But now, you can pay for a wide variety of things using Bitcoin, the world’s first and most valuable cryptocurrency. So, what exactly can you purchase with your Bitcoin funds?

1. A Car

Looking for a new ride? Well, you might be able to use your Bitcoin to buy the one you’ve got your eye on. While not every car manufacturer or dealer accepts cryptocurrency payments, many do, including AutoCoinCars, Post Oak Motor Cars, and BitCars.

One thing to note here is that Tesla does not accept Bitcoin. Many believe that you can use Bitcoin to buy a Tesla, as the company’s owner, Elon Musk, has gone back and forth on the decision to do so. However, at the moment, Dogecoin is the only cryptocurrency that Tesla accepts for payment.

2. Your Morning Coffee

That’s right; you can now even buy a simple cup of coffee using Bitcoin. In 2021, Starbucks, one of the world’s most popular and widespread coffee chains, partnered with the digital wallet Bakkt to allow for Bitcoin payments at checkout. Customers just need to add their Bakkt digital wallet to their Starbucks app, and they can quickly and conveniently pay using Bitcoin at any Starbucks location.

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3. Gift Cards

While you can’t buy anything you want directly with Bitcoin, you can get around this issue by buying gift cards using crypto, which you can then use to pay for any number of products or services traditionally.

A particularly popular site used to buy gift cards with crypto is known as Bitrefill. Bitrefill allows you to buy gift cards for thousands of brands using your Bitcoin, including Amazon, Xbox, Steam, Nike, and even Uber. But it doesn’t stop there. You can also buy gift cards on Bitrefill with Litecoin, Ethereum, and more.

You can also buy gift cards with your crypto on CoinGate, CryptoRefills, and eGifter.

4. Electronics

Need a new laptop? Looking for a new smartphone? If you’ve got some Bitcoin funds stored away, you can use them to buy tech products.

One of the biggest tech companies currently accepting Bitcoin payments is Newegg. Along with several other altcoins, Newegg allows Bitcoin payments via BitPay, a crypto payment processing app. But it’s important to note that Newegg does not offer refunds for any purchases made via BitPay.

Several other companies also accept Bitcoin payments to buy tech products, such as Crypto Emporium. You can even sell your tech for crypto on this site.

5. Groceries

Heading out for your weekly grocery haul? You may be able to use Bitcoin to pay for that. You can either purchase a gift card for your selected grocery store or via a payment processing app.

There are many different grocery store gift cards that you can buy with your Bitcoin, including those for Whole Foods, Walmart, and Kroger. Wholefoods used to accept crypto payments directly, but this is unfortunately no longer the case.

6. Games

If you’re into both gaming and crypto, you can now merge the two. There are many ways through which you can buy games using crypto. You can buy a gift card online for the vendor of your choice, such as Steam, PlayStation, or Xbox, or you can use a dedicated website that accepts game payments via crypto.

Joltfun is a prime example of a website that accepts Bitcoin for game purchases. Using this site, you can either buy keys for specific games or add funds to another game vendor wallet. You’ll then receive an email containing the key code when you buy a key. You can then use this to activate the game on a supported platform. Other sites, such as Keys4Coins, also offer the same service.

7. Subscriptions

You’re not only able to buy physical products with Bitcoin. You can buy subscriptions, too! Whether you want to sign up to a VPN provider, cloud storage, or even a streaming service, you can use your Bitcoin to do so.

While some subscription services accept Bitcoin payments directly, you’ll have to go through a gift card conduit for others. For example, you can pay for an ExpressVPN subscription on the company site using your Bitcoin, but you’ll have to buy a gift card to pay for a Netflix subscription with your crypto.

8. Flights

Who’d have thought the day would come when you could travel the world using your crypto? If you’re looking to hop on a plane without using traditional cash, that’s now very much a possibility.

There are some websites that you can use to pay for flights using your Bitcoin, including Travala, AlternativeAirlines, and AirBaltic. Additionally, you can buy gift cards for accommodation using the sites we mentioned in part three of this list.

9. Fast Food and Takeout

If you’re looking to grab a quick bite or book yourself a nice dinner, you may be able to use your Bitcoin funds to do so. Starbucks, Burger King, and select Subway locations all accept Bitcoin as payment, and you can also buy gift cards with your crypto to pay for takeout via Uber Eats, DoorDash, and Deliveroo.

10. Clothing

At the moment, there aren’t an awful lot of clothing companies that accept Bitcoin payments, but there are still a select few that do, including Norstrom Rack, Etsy (for selected sellers), and Pacsun.

Many clothing companies that accept Bitcoin use payment processors, like BitPay, to facilitate purchases, so you’ll need to check what you need to do before attempting to use Bitcoin to buy clothing from these vendors.

Looking to jazz up your home a little? You can now use Bitcoin to do so. One of the U.S’s biggest hardware stores, Home Depot, accepts payments in Bitcoin via the payment processor Flexa. With Flexa checkout machines now installed in their stores, Home Depot makes it easy for individuals to pay for their home improvement and hardware products using their Bitcoin.

12. Homeware

Given that Home Depot also has a homeware range, you can grab some great additions for your home from your local store. On top of this, you can also head to Overstock’s online store to buy homeware with Bitcoin, as it has a massive range of different products that you can use to spruce up your living space.

As Bitcoin becomes more widely accepted, more and more companies are beginning to adopt it as a payment method. One day, cryptocurrency payments might be commonplace, with all your favorite brands following suit. But, for now, you can still grab some great products and services using your decentralized cash.



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