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Author Topic: Buying Stuff with Cryptocurrencies  (Read 2709 times)

Offline fallenangel1789

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Re: Buying Stuff with Cryptocurrencies
« Reply #15 on: January 19, 2021, 05:04:41 PM »
... If you are afraid of fraud, you can use an escrow service.

I am not afraid of fraud of course. Just using fiat money is easier and I think the worth of my portfolio will increase in the near future so I do not want to spend my cryptocurrencies now. 

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Re: Buying Stuff with Cryptocurrencies
« Reply #15 on: January 19, 2021, 05:04:41 PM »

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Re: Buying Stuff with Cryptocurrencies
« Reply #16 on: January 19, 2021, 06:12:56 PM »
Because there are many different regulations in each country, I prefer to hold coins for investment and can't make payment transactions using crypto, financial services and online shopping sites in some countries may accept Bitcoin and altcoin payments, but I can't because the laws of my country do not allow this system.
I wish I could use crypto for payments because it is easy and has lower fees than banking systems.
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Re: Buying Stuff with Cryptocurrencies
« Reply #17 on: January 19, 2021, 08:09:55 PM »
Similar to some of your friends' comments above, because in our country we haven't legalized the use of Cryptocurrency for buying and selling or as a means of payment, so I only use Cryptocurrency as a tool to get a lot of FIAT money. I use Cryptocurrency for investing and trading, and I exchange it for FIAT if I want to shop.
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Offline bigcash2011

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Re: Buying Stuff with Cryptocurrencies
« Reply #18 on: January 19, 2021, 08:33:10 PM »
To be honest crypto is now accepted at a lot of places one prime example is that even Lamborghini accepts bitcoin for payment but personally i take crypto as longterm investment so im against spending it till atleast we get some life changing profits.

Offline Quart

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Re: Buying Stuff with Cryptocurrencies
« Reply #19 on: January 19, 2021, 11:21:52 PM »
I still didn't buy anything with a cryptocurrency. I use crypto for digital investments, I buy crypto coins to hold and to sell at certain prices. I still have no idea to buy stuff with cryptocurrency. I think cryptocurrencies like Bitcoin or Ethereum better to hold and sell when the prices are rising up.

Offline gotbounty

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Re: Buying Stuff with Cryptocurrencies
« Reply #20 on: January 19, 2021, 11:31:46 PM »
Actually, I never bought anything using cryptocurrency. This is not legal here as a payment method. ANd so far,  do not need to use it by crypto because I never spend our funds to buy something from other outsides. So, what is the thing that we is doing next?
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Offline Max Way

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Re: Buying Stuff with Cryptocurrencies
« Reply #21 on: January 20, 2021, 03:02:51 PM »
I am not afraid of fraud of course. Just using fiat money is easier and I think the worth of my portfolio will increase in the near future so I do not want to spend my cryptocurrencies now.
That's right, it all depends on your decision. I only share my experience in purchasing using crypto. Indeed, if you look at the current state of the market, it would be nice to focus more on trading between crypto coins.

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Re: Buying Stuff with Cryptocurrencies
« Reply #21 on: January 20, 2021, 03:02:51 PM »


Offline LaZim

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Re: Buying Stuff with Cryptocurrencies
« Reply #22 on: January 20, 2021, 06:54:02 PM »
Because there are many different regulations in each country, I prefer to hold coins for investment and can't make payment transactions using crypto, financial services and online shopping sites in some countries may accept Bitcoin and altcoin payments, but I can't because the laws of my country do not allow this system.
I wish I could use crypto for payments because it is easy and has lower fees than banking systems.
I think there is no country in the world that openly allows accepting payments in bitcoin. After all, this is primarily a tax evasion, since it is not clear how the profit of the business would be estimated.

Offline damsix

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Re: Buying Stuff with Cryptocurrencies
« Reply #23 on: January 21, 2021, 07:01:23 AM »
In the country I live in, Bitcoin cannot be traded because Bitcoin does not get a license to trade for real goods.
But if Bitcoin trading is only circulated in the cryptocurrency market and when Bitcoin is going to be debited to real things, it has to go through the exchange first and change to Fiat.
This is the policy of the government in my country and living and all of its people must submit to the government because our country is a Republic.
retire and rest in peace

Offline Andruha1993

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Re: Buying Stuff with Cryptocurrencies
« Reply #24 on: January 21, 2021, 10:03:14 AM »
Actually, I never bought anything using cryptocurrency. This is not legal here as a payment method. ANd so far,  do not need to use it by crypto because I never spend our funds to buy something from other outsides. So, what is the thing that we is doing next?
It seems to me that soon many countries will begin to accept and accept cryptocurrency, and then it will already be possible to use Bitcoin as payment for goods.
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Re: Buying Stuff with Cryptocurrencies
« Reply #25 on: January 21, 2021, 12:46:05 PM »
Bitcoin’s volatile value has soared since Autumn last year as investors opted for inflation-proofing assets, more established investment houses took a Bitcoin holding and a growing number of sites moved to accept Bitcoin as a form of payment.

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Re: Buying Stuff with Cryptocurrencies
« Reply #26 on: January 21, 2021, 01:11:07 PM »
If I use it directly for payment, I don't think I have done it. I only use Bitcoin and crypto as an investment tool. I sell and then use the investment proceeds to buy something.
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Offline Fenix

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Re: Buying Stuff with Cryptocurrencies
« Reply #27 on: March 24, 2021, 06:01:43 AM »
I read all the comments left on this thread and only one @Max Way wrote that he made one of his first purchases, paying with ethereum. All others have written bluntly that they have never bought goods with cryptocurrency or have avoided a direct answer. I have, of course, also never bought another product for cryptocurrency. I don't see much sense, and there are not many outlets where you can buy something for cryptocurrency. Therefore, we can say that cryptocurrency is now more used as a store of value, as a speculative asset than a means of payment. I don't even know if the situation will change in this regard over time.

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GAMEFI  ◼  NFT  ◼  DEFI  ◼  CURRENCY TRADING
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.FOREX..TRADING FROM $1.
 
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Offline yurez

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Re: Buying Stuff with Cryptocurrencies
« Reply #28 on: March 24, 2021, 09:06:23 AM »
In my country, there is a ban on paying with cryptocurrency, so in any case, you will have to exchange cryptocurrency for dollars. Perhaps in the next few years I will not be able to buy anything with cryptocurrency in my country due to stupid laws.

Offline pacar_tiri

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Re: Buying Stuff with Cryptocurrencies
« Reply #29 on: March 24, 2021, 09:12:52 AM »
So far, I really prefer to use Bitcoin and other cryptocurrencies for investment or trading, not as a payment method. because we know that crypto is still not legal for transactions. I am only worried about the punishment if using crypto for transaction

Yes, thats true . Crypto currency just for my investment not for payment method. Bitcoin and altcoins are still not legal in my country. Maybe at the coming future when crypto currency is legal, we could use for payment method.

 

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