Cryptocurrency Help Logo

Cryptocurrency help is reader-supported. When you buy through links on our site, we may earn an affiliate commision.

Use Crypto

Whether you've now got some cryptocurrency profits or are simply looking for a way to get the most out of your digital assets, you're likely wondering how to spend cryptocurrency. There are a variety of ways for you to spend your cryptocurrency, with more options coming as crypto enters the mainstream. More and more retailers are starting to consider, if not already accepting, things like Bitcoin payments. It's simply the smart play for retailers, as the more options a customer has to pay, the more likely the retailer can convert a sale. On this page you'll find the ways you can spend crypto, retailers who accept crypto, and more.

More posts

Looking for Cheaper BTC Transactions? Layer-2s Might Be the Solution image
Looking for Cheaper BTC Transactions? Layer-2s Might Be the Solution05/09/2024
How Do I Withdraw Bitcoin from Robinhood to a Personal Wallet? image
How Do I Withdraw Bitcoin from Robinhood to a Personal Wallet?05/08/2024
Is Crypto Gaming for Real This Cycle? What Are the Most Exciting Projects? image
Is Crypto Gaming for Real This Cycle? What Are the Most Exciting Projects?04/24/2024
Koinly.io Crypto Tax Software Review image
Koinly.io Crypto Tax Software Review04/12/2024
CoinLedger Crypto Portfolio Tracker Review image
CoinLedger Crypto Portfolio Tracker Review03/29/2024
What to Do if You Suddenly Acquire a Significant Amount of Bitcoin image
What to Do if You Suddenly Acquire a Significant Amount of Bitcoin03/08/2024
CoinStats: The Best Crypto Portfolio App? image
CoinStats: The Best Crypto Portfolio App?03/01/2024
How Can I Use Stablecoins to Save on Crypto Fees? image
How Can I Use Stablecoins to Save on Crypto Fees?02/28/2024
What Are the Best Ways to Get Involved with Crypto? image
What Are the Best Ways to Get Involved with Crypto?01/26/2024
How to Send, Receive Crypto Abroad and Get Cash image
How to Send, Receive Crypto Abroad and Get Cash01/24/2024
Could Kin’s Micropayments Revolutionize Crypto? image
Could Kin’s Micropayments Revolutionize Crypto?01/03/2024
What is Helium? Could it Provide Internet to Everyone? image
What is Helium? Could it Provide Internet to Everyone?12/22/2023

At cryptocurrencyhelp
we're raising the bar

At CryptoCurrencyHelp, we pride ourselves on the quality, research and transparency we put into every article.

  • All articles are heavily researched. We mean 100% all of them. We reference high quality studies and information to support each and every of our recommendation.
  • Over 1,000 articles have been reviewed by crypto digital advocates, innovators, funds and subject matter specialists.
  • Our in-house experts continually monitor the innovation and progression in cryptocurrency space. As standards change or we get new reader feedback we update our recommendations accordingly.

Ways To Spend Crypto

There are quite a few ways in which you can spend your cryptocurrency, each with its own benefits and drawbacks. Though not a category mentioned here, peer to peer (P2P) crypto transactions are becoming more common (sending someone crypto for goods), while sites that allow you to sell your crypto directly to another person (P2P Exchanges) are also quite popular.

Crypto Debit/Credit Cards

One of the most popular answers to the question of “how do you spend cryptocurrency?” is a crypto debit/credit card. These are essentially prepaid Visa or Mastercard debit cards issued by cryptocurrency exchanges such as Crypto.com and Coinbase. Depending on the platform you either convert crypto to load onto the card to spend or get real-time conversion of assets on the card. These are not to be confused with something like the Shakepay card which is a Visa credit card that gives you cashback in Bitcoin. Crypto debit cards can only be used with funds you already have, like a traditional debit card. Crypto debit card issuers try to incentivize you to use the card by offering things such as rebates on your monthly Spotify payments, cash back on debit spending, and more.

Crypto Payments

Crypto payments are simply a payment gateway service that allows retailers to accept cryptocurrencies for their goods or services and receive fiat in exchange. While larger retailers tend to stay away from crypto payment options, for now at least, it is a great idea for medium to small businesses to set up a crypto payment option for their customers as it gives them an extra avenue to create a sale. BitPay is one of the most well-known processors, but it's certainly not the only one.

Retailers Who Accept Crypto

There are many retailers already accepting crypto payments for their goods and services, with some very large names such as Microsoft and AT&T accepting Bitcoin payments. Some retailers only accept crypto at their locations in certain countries. For example, Pizza Hut allows you to pay in Bitcoin at their Venezuelan locations, while Burger King in Germany does as well. The caveat with many of these retailers is that they aren't yet using the Lightning Network to process Bitcoin payments, making the transaction fees somewhat unreasonable.

Buy Gift Cards With Crypto

Perhaps the most common way people spend their cryptocurrency holdings is by exchanging them for gift cards. Sites like BitRefill allow you to buy gift cards for almost any online merchant you can think of and you can get them without even signing up for the site and providing any personal information. This allows users to stay more anonymous with their cryptocurrency transactions, while also giving them an avenue to spend it without having to pay much if anything in comparison to withdrawal and/or conversion fees if trying to convert crypto to fiat then withdraw to a personal account.