If you have Bitcoins lying around in your wallet, you are one lucky individual. Ever since its inception 13 years ago, Bitcoin has been making massive headlines and turning investors richer by the day. Still, even though many know that Bitcoin is a digital coin, few are aware of what exactly Bitcoin can be used for.
Besides being perfect for your “in-the-pipeline investment plans”, Bitcoin has a lot of other applications. Bitcoin donations are becoming extremely popular as the geographical boundaries are completely sidelined by Bitcoin’s way of operation.
In addition to that, the way people make purchases has drastically changed over the years, especially after the pandemic. Nowadays, people crave convenience, and eCommerce platforms are offering just that, resulting in unprecedented and rapid growth.
But before we share how you can use Bitcoin for benevolent and/or profit purposes, let’s talk about where you can buy it and how to store it.
Buying And Storing Bitcoin
Bitcoin (BTC) is one of the most popular, if not the most popular digital coin out there. It has been around for more than 10 years, and it has the leading role in myriad rags-to-riches stories from around the world.
To get your hand on Bitcoin, all you have to do is search online for the most reputable crypto exchanges. After you buy BTC, you will need a wallet to store your coins safely. The most popular wallets are hardware wallets. BTC users can safely use this type of wallet to store their coins offline but the only downside is that if your passkey is gone, you can forget about your BTC.
The current BTC price is around $19,506, but you can be sure that the price can and will fluctuate with time.
Since a lot of online shops realized that customers will take their business elsewhere if they don’t accept crypto as a payment option, many businesses were quick to adapt.
With that in mind, you can use your Bitcoin to buy anything you desire and have it delivered to your home hassle-free. In addition to that, Bitcoin eCommerce purchases might be cheaper at times in comparison to regular brick-and-mortar stores.
Try to compare the prices and always be careful about making payments with Bitcoin because even though it is convenient, you never know when the next bull run will happen and you might miss out on a substantial profit.
But, besides eCommerce platforms, some brick-and-mortar stores might accept Bitcoin and if they do, they will usually have a sign on their storefront reading “Bitcoin accepted here”.
Contribute to the world
Trying to make the world a better place is never easy, but it’s very doable if you have it in your heart. Making donations via Bitcoin is probably much easier than with fiat money. Regardless of your geographical location, you can use your digital coins to make a positive change in the world.
Expanding on this topic, transactions via Bitcoin are much safer and the risk of fraud is more or less completely eliminated. You can opt to donate directly, or you can donate to NGOs that you trust and share their vision.
Make money with Bitcoin
Bitcoin price changes with each passing second. There will only be 21 million BTC in circulation and it’s expected that after the threshold is hit, its price will skyrocket. That being said, investing now, while you still can is probably a good idea.
However, investing in Bitcoin is not risk-free. To ensure that your investments never fail, consider reading everything crypto and Bitcoin-related and try to look for patterns that might indicate a rise in price.
Bitcoin is the most popular digital coin and its rapid growth lures in more investors each day. While other coins are only created for entertainment purposes, Bitcoin has the capacity to allow you to make purchases online and even make you rich.
Besides the lucrative profit potential, Bitcoin can be used to make the world a better and safer place. You can easily donate to any destination in the world and help the ones that need it the most. However, don’t forget to store your Bitcoins safely and use only the most reputable crypto exchanges to buy and trade BTC coins.