Crypto is best known as an investment tool. Users buy crypto and hold onto it for long periods waiting for its value to increase over time. But did you know there are also many ways to actually use and spend your crypto? This article will explore five interesting ways to use crypto online.
- Low-Cost Transfers
Transferring money online, especially internationally, usually incurs very high fees and wait times. Same-day transfers are sometimes possible, but fees for this service go up tremendously. Transfers with crypto, however, usually happen in seconds and fees are negligible. Another advantage to sending crypto as opposed to traditional currencies is not having to wait for banks or stores to open. Crypto transfers are done fully online, at any time, from anywhere.
Another benefit of sending and receiving money via cryptocurrency is high levels of privacy. With traditional money transfers the sender has to provide detailed personal information and often the receiver must do the same. Transfers with cryptocurrency, on the other hand, are very private, with no institution collecting personal information.
- Crypto Casinos
Crypto casinos offer a fun and exciting way of spending crypto online. Bitcoin casinos have become very popular around the world, and for good reason. Some of the advantages of gambling with crypto, as opposed to traditional currencies, are generous promotions, fast transactions, fairness, security, and privacy. As with most things crypto, the best bitcoin casinos allow the user a level of privacy that is unheard of when playing in traditional casinos. There is no need to link bank accounts, debit cards, or credit cards.
Crypto casinos generally offer much better welcome packages than traditional online casinos. Many will match initial deposits and possibly even the following few deposits, as well as give away hundreds of free spins on slot games. Fairness of crypto games are often verifiable, giving players a real chance at winning. Transactions using crypto happen quicker than those using traditional currency and blockchain security for crypto transactions is even higher than the security offered by other online casinos.
- Education
Did you know it’s possible to pay for tuition using crypto at some top universities around the world? Some schools only accept crypto payment for certain programs or courses so it is important to check colleges’ websites to see how you can spend your crypto with them. Some other colleges that don’t yet accept crypto for tuition allow students to pay for books and supplies using crypto in their school bookstores.
Bitcoin is the most commonly accepted type of crypto for educational purposes, although this varies by school and program. While crypto tuition payments are not yet mainstream, it is likely that more and more schools will embrace this form of payment in the future. If your school doesn’t yet accept crypto payments, it is worth reaching out to let them know there is interest, and encourage your classmates to do the same.
- Sports Purchases
Many team franchises across most major sporting leagues are now accepting crypto as payment. Teams that participate in crypto payments often allow fans to purchase tickets and other merchandise online. Some of the pioneering teams are the Dallas Mavericks, the Tennessee Titans, and the Sacramento Kings. Like most other sectors, crypto use is expanding in the sports world so be on the lookout for your favorite team to start accepting crypto payments in the near future.
- Investing in Startups
Ok, so this one goes back to idea of investing instead of spending crypto for goods and services, but it is worth mentioning as it is different from the traditional investment method of just waiting around for value to increase. Many startup companies are now accepting cryptocurrency as a method of gaining capital. Investing in up-and-coming companies that have solid business plans has always been a type of investment that can earn big returns. Now that many are accepting crypto, there are even more options.
Crypto investments are fast and easy. They can make it seamless to invest in startups around the globe. Not only do crypto investors have the potential to make significant earnings, but they also get to help the companies they believe in raise capital quickly. If you want to use crypto as an investment but are looking for different methods of doing so, investing in startup companies might be ideal for you.
Final Thoughts
Whether you want to use crypto for investment purposes or to pay for goods, services, and entertainment, there are many exciting and interesting ways to use crypto online. The days of holding onto crypto in digital wallets indefinitely are long gone. As more of the world embraces crypto, it is becoming easier to find new ways of using it. There are sure to be more interesting uses for crypto cropping up every day.
