The holiday season is upon us and the hustle and bustle of holiday shopping have begun. Online shopping has made it easy to order gifts from the comfort of your home, but did you know you can now purchase many of these gifts with crypto?
During this exciting time, we encourage you to explore your love of cryptocurrency and shop using digital coins! As the journey to mass adoption of digital currency continues, more options are becoming available for making purchases using cryptocurrencies. The following article will highlight some of our favorite crypto-holiday shopping ideas.
Buy Your Gifts Directly With CryptoCurrencies
Major online retailers around the world have made efforts to accept purchases using cryptocurrency. One such retailer, Overstock, offers payment using more than 40 Altcoins, including Ethereum, Litecoin, Dash, Monero and Bitcoin Cash. Overstock is an online department store offering a wide range of options like home furniture, rugs, appliances, and even apparel. Luckily, they ship within Canada!
In case you’re looking to go somewhere warm for a holiday vacation, why not use crypto? Websites like aBitSky offer purchases of flights using Bitcoin (BTC). They also offer vacation packages! Even giants like Expedia have partnered with crypto exchanges to accept Bitcoin payments. These are just a few examples of the many travel companies that have jumped on the crypto train.
There has also been a rise in exciting projects like BitPay, an online tool that allows merchants to set up a Bitcoin payment option on their e-commerce stores. Software like this makes it easier not just for major retailers, but also smaller businesses to accept cryptocurrency as a valid payment option. For example, Microsoft, Shopify, and major electronics retailer NewEgg, all use Bitpay to set up Bitcoin payments on their online stores.
Whether it’s an expensive carpet or a ticket to Barcelona, cryptocurrency has become a valid option for making these gifts a reality. With the click of a button, you can make purchases and set up deliveries using your digital coins. Imagine being one of the first people to buy holiday gifts using Bitcoin!”
There are many interesting ways to cross off items on your holiday shopping list using digital currencies. One that is becoming more prominent is the exchange of crypto assets for gift cards from different retailers. Online gift card store Gyft has started accepting Bitcoin payments. Customers have the option to buy from hundreds of gift cards including major retailers like Best Buy, Home Depot, Starbucks, Amazon, and Whole Foods, using their Bitcoin. These are gift cards that can be accessed online or in person. Whether shopping for yourself or trying to find that perfect gift, you can’t go wrong with the flexibility of a gift card.
Another really exciting venture that has popped up recently is Amazon/BTC order books. Marketplaces like Purse.io fulfill open orders on selected items from Amazon in exchange for Bitcoin and Bitcoin Cash. They even offer a 15% discount on the original Amazon markup. From the wide range of items available on Amazon, your request will be submitted to an order book where someone will complete the order in exchange for a Bitcoin or Bitcoin Cash payment.
BLESS THEM WITH COINS
A great way to combine the magic of the holiday season with the power of blockchain technology is to teach your friends and family about cryptocurrency. A great holiday present to help them get started in crypto is to give them some cryptocurrency to use. You can even show them how easy it is to buy something off their holiday wish list with their very own coins!
We understand that sometimes giving something digital can have a very anticlimactic feel, so we recommend gifting a loved one some crypto on a hardware wallet. Not sure what a hardware wallet is? Check out our Guide to Wallets. The Ledger Nano S is a popular choice for a hardware wallet and provides a high degree of security to protect your crypto funds.
The holidays bring a lot of excitement and joy with them. It can be a great time to try something new! Instead of having the same type of shopping experience every year, try to spice it up with a little cryptocurrency. There are many ways of using crypto to complete transactions and buy the things you want to gift this season. Use this opportunity to explore the world of digital coins, and become a pioneer of this new technology!
Learn more about CoinSmart here at GetSmart Hub and happy holidays, everyone!
Disclaimer: CryptoCanucks.com is not intended to provide tax, legal or investment advice, and nothing on CryptoCanucks.com should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any asset by CryptoCanucks.com or any third party. You alone are solely responsible for determining whether any investment, asset or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should consult an attorney or tax professional regarding your specific legal or tax situation.