As the years go on, cryptocurrency is becoming more and more popular. It’s a great way to trade money for different things, and this kind of currency can even increase in value as time goes on. You may have heard of some kinds of crypto already – Dogecoin and Bitcoin being just two of the key examples.
Before you dig into Turbo Wallet’s Guide about everything you possibly need to know about trading cryptocurrency, first you may want to know what exactly you can do with this form of currency. Here’s the lowdown on what you can do with cryptocurrency!
Spend Your Crypto With Big Companies
There are actually some companies out there that will accept things like Bitcoin and other crypto as a form of payment. For instance, if you stock up on Bitcoin, you can spend it on the Microsoft store – including the Xbox and Windows stores online. It’s not possible to use the currency on the Microsoft online store, but it’s ideal if you feel like investing in a new Xbox game! You could unleash your altruistic side and donate to a charity like Save the Children that accepts Bitpay. Other examples of companies that you can spend your crypto with includes Expedia and Wikimedia. It’s also worth noting that some processing systems like Shopify will allow businesses to accept Bitcoi payments if they so wish.
Transfer Money at Low Costs
Crypto is pretty useful in the sense that it allows you to transfer payments in a short period of time without spending very much money to do so. Sending large amounts of money online can be something that causes a lot of headaches – it has to go through processing and financial intermediaries, especially if you are sending money abroad. This is not the case with cryptocurrency, where you can send and receive money in no time at all with great results. In summary, they’re a fantastic choice if you need to transfer money around the world, especially in large amounts.
Investments
One of the things that cryptocurrency is currently well known for is for online investments. If you think a particular company is going to make it big in a few years, you can use your cryptocurrency to invest in the company. This will help the company to make huge strides in their industry, and in many cases you can also get some capital back later down the line. Make the right investment and it can be incredibly lucrative for you. You don’t need to be a huge bank mogul to invest either, any average Joe can enjoy the benefits of investing.
A Form of Payment
Are you an online content creator? Well, Bitcoin and other associated cryptocurrencies is just one way that you may get paid. Certain social media platforms may work primarily in crypto payments, such as Steemit. If you want to get paid to do what you love, then Bitcoin may be your best friend.
Yield Farming
Trading crypto successfully can be a challenge when you are first getting started, but with some practice and experience it can be a great way to earn money online. Crypto yield farming can help you to earn quite a bit of money, but it’s important to note that it does come with risks.
Buying a Pizza
Fancy a little bit of that melted cheese on a tomato base? Well, you can use your crypto to buy a tasty pizza and other goods! In fact, one of the first payments ever made with Bitcoin was someone that bought a pizza. We certainly think they have great taste! Crypto is a good way of spending and receiving money online, and it’s usually much more secure than using real cash. Ultimately, there are plenty of reasons to invest in cryptocurrency if it’s something that you’re interested in trying.
Conclusion
These are just a few of the different things that you can experience when you invest in cryptocurrency. Of course, this isn’t an extensive list – there are many different uses, and more of them emerge everyday. Who knows – maybe one day we will operate solely with cryptocurrency? One thing is for sure – if you want to get ahead of the curve, there’s no better time than right now to invest in cryptocurrency. Do your research today and learn everything that you need to know about cryptocurrency – we’re sure you won’t regret it. It may take a while to understand the ins and outs of it, but once you do it’ll be worthwhile.