Cryptocurrencies first came to light in 2009. Bitcoin was the first by Satoshi Nakamoto and has since exploded to be worth more than USD 1 trillion. One of the things that has contributed to the volatility of cryptocurrencies is the lack of oversight and convenience for most people. However, most people still do not know what they can use cryptocurrencies for in the modern world. Here are a few things you can do with your cryptocurrencies today.
Trade Forex
Forex trading is a budding career for most people. This can be attributed to its accessibility, as traders can start with small amounts and work their way into the bigger markets. Research shows that Forex is the most liquid market across the globe, with a very large number of buyers and sellers.
Thanks to cryptocurrencies, forex traders can maximise their profits. Cryptocurrency forex trading is the use of cryptocurrency to trade currency pairs. You simply select your desired pairs, purchase the cryptocurrencies you want to use in USD (or preferred fiat currency) and then exchange the crypto when the prices are favourable. Like traditional forex trading, ensure you start with a small deposit and leverage only what you can manage.
Buy Items Online and Offline
History points back to the first purchase of cryptocurrencies in 2010. This was when a programmer named Laszlo Hanyecz bought 2 Papa John’s pizzas with 10,000 Bitcoins. At this time, Bitcoin had just been introduced, and the deal now seems a little unfair. The value of Bitcoin (BTC) has since risen. If you were to purchase pizzas, you would need a fraction of one BTC.
Today, most e-commerce stores accept cryptocurrencies as a payment method. You can shop using your Mountain Wolf crypto web 3 card on platforms such as Etsy, Ebay or in any internet store accepting normal credit cards. The seamless process of the prepaid card topped up with crypto allows you to make the digital payment within seconds without a series of confirmations from the store. Besides the online shops, you can purchase items like cars from showrooms accepting cryptocurrencies.
Book Your Next Travel or Space Expedition
During our research, we noticed that Expedia, one of the biggest travel and booking agencies, now accepts cryptocurrencies as a payment method for hotel and accommodation bookings. This company collaborates with cryptocurrency wallets to ensure a seamless experience for its crypto users.
Additionally, cryptocurrency enthusiasts can also purchase space travel tickets through the Virgin Galactic platform. Currently, they accept Bitcoin as a payment option. Whether you are working with stablecoins or highly volatile coins, you can use them to pay for expeditions in space and to your desired destinations.
As you can see, there is so much that you can do with cryptocurrencies in your wallet. You can use the digital funds to trade forex, shop online and offline, and pay for your insurance at different firms. Another popular way to spend your cryptocurrencies is by booking unique expeditions such as space, gaming, and entertainment. You only have to find what you love and spend your money on cryptocurrency without fear.