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We can play bitcoin immediately after successful registration. However, how do we spend the bitcoins we already have? Don’t worry, Bitcoin can now be used for many other things.
It started with trading and progressed to charity and so on.
Here’s how to use bitcoins that you should know, especially if you’re a beginner and want to get the most out of your bitcoins.
Transactions involving Bitcoin
Transacting the purchase and sale of bitcoin is the first way to take advantage of bitcoin. To do so, we must first register with an exchange or cryptocurrency exchange house. Fortunately, there are several bitcoin exchanges in Indonesia.
In order to benefit from buying and selling bitcoin, we need to pay attention to the price of bitcoin, which is quite volatile. Usually we can buy bitcoins when they are low and sell them when they are high.
Invest for the long term
Bitcoin can also be used for long-term investments. Many investors started converting their funds into bitcoin products as the price of bitcoin continued to rise. This is clearly seen because the great income offer, as well as the transaction procedures and price fluctuations, are open to the public.
The bitcoin price was seen to rise during the Covid-19 outbreak in 2020, and this trend continues to this day. As a result, bitcoin can be considered a long-term investment.
donate to charity
We can also show you how to take advantage of bitcoin, which is used for investments and charities. Several organizations currently accept bitcoins for humanitarian purposes. As if it were an act of humanity
With the increasing availability of humanitarian groups taking bitcoins for charities, more and more people are becoming interested in playing bitcoin. Of course it will be of great benefit to humanity in this world.
Bitcoins can be used to make purchases online. Although it is still illegal to buy products using bitcoin in Indonesia. However, some items, such as games, movies, and apps, can be purchased online with bitcoins. You can also shop on Amazon’s global marketplace.
Subscriptions are an online payment option for a variety of services, including movies, music, and other TV shows. We have figured out how to use bitcoin for subscription payments so far. Bitcoin payments are accepted by online businesses such as VPN networks, domain name registries, and Internet service providers. This further expands the capabilities of bitcoin.
Buy gift card
Indonesians have long practiced the tradition of giving gift cards. Now we can use bitcoins to buy gift cards and send them to family or co-workers. The next step in learning how to spend bitcoins correctly is to purchase gift cards. Many websites, such as Egifter and Gyft, now accept bitcoin as a form of payment.
Purchase of retail items
If one of the above ways of using bitcoin seems remote and unrelated to our daily needs, using bitcoin will increase our confidence in playing bitcoin.
Because Bitcoin can now be used to purchase some retail items. For our daily needs and demands, we can buy retail items from Internet companies like Amazon, Starbucks, and Target.
This is an overview of information on how to use Bitcoin, hopefully this information can be useful to all of you.