ASK LEO: BESIDES TRADING, HOW CAN I USE MY BITCOIN?

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We sometimes assume we know everything, but the fact is that the world of cryptocurrencies is constantly evolving. Therefore, as the world evolves, so should we.

Bitcoin has evolved from a trading currency to a highly functioning currency. So, if you're still unsure about what bitcoin can achieve, this piece is most definitely for you.

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Trading

This is the number one Bitcoin application. I mean, the first thing that pops to mind when you hear BTC is trading. To me, trading is a two-edged sword. It can either be a very profitable venture or a quick way to lose money. After all, the business itself is a risk, which is why research is essential.

There are various platforms where you can buy Bitcoin by transferring fiat currency from your bank account into your account with the exchange (which will take up to 2 days). Cryptocurrency has become easier for consumers, but risks are still involved, so always be cautious about investing in it.
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Real Estate Investing

If you're interested in real estate and have some Bitcoin in your account, now could be a good moment to put it to use. The advantage of real estate is that you are not always required to make full payments upfront. So, if you'd rather invest your Bitcoin, this is an excellent option. Based on what I know about real estate, it's profitable.

You Can Even Purchase A Car

With the widespread adoption of cryptocurrency, there’s almost no restriction or hindrance to how well you may use your coins. All you have to do is inquire whether your local auto dealership accepts bitcoin payments. Who knows, you could even get it cheaper than if you paid cash.

In this case, the dealership prefers to accept payments in the form of Bitcoin and will, in turn, offer a discount to encourage it. Alternatively, you could get an invoice in cryptocurrency; a digital currency owner has many options for spending money.
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Online Shopping

I recently made a piece about a renowned physical supermarket ( Pick N Pay)in South Africa that now accepts cryptocurrency for payments. Asides from Pick N Pay, there are several other physical and online establishments that accept Bitcoin.

Because merchants usually have to pay a processing fee for credit card purchases, using bitcoin might even result in savings for them, too. In addition, some stores will offer discounts on Bitcoin purchases when running sales or promotions. There are many benefits of paying with Bitcoin instead of fiat currency, including anonymity.
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Finally, I hope that this post comes in handy when you need to make a decision.

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