- Crypto exchanges
One of the most popular ways of using cryptocurrency is to exchange one type of cryptocurrency for another. You can do this by opening a crypto-to-crypto wallet and then transferring the cryptocurrency from your bank account to your crypto-to-crypto wallet. Once the cryptocurrency has reached your wallet, you can start trading cryptocurrency. Another way of using cryptocurrency is to exchange it for fiat currency that can actually be used as legal tender, such as AU$. This is also known as crypto-to-fiat exchange. Popular Crypto exchanges include Coinbase and Binance.
- Online stores
There are a growing number of online stores that accept payment in cryptocurrency, these include:
Overstock – an eCommerce store specialising in clearance and end of line items.
Microsoft – Bitcoin can be used to pay for online services, including Xbox Live.
Lush – Handmade cosmetics firm Lush started taking Bitcoin way back in 2017.
- Travel
Several tour operators and airlines have embraced crypto as a form of payment, these include:
Expedia – In partnership with crypto platform Travala, users can book hotel rooms using over 30 different cryptocurrencies.
Pavilion Hotels & Resorts – The Hong-Kong based hotel chain allows guests to pay for stays in crypto.
airBaltic & LOT Polish airlines – Both of these Eastern European airlines take cryptocurrency to pay for flights.
- Online gambling
Cryptocurrency has been popular in the gambling industry for many years and there are lots of online casinos and bookmakers that accept crypto payment. Some of the most popular online casinos for sports betting are Betonline.ag and Sportsbet.io.
- Crypto ATMs
Crypto ATMs are springing up around the world and allow you to purchase Bitcoin and other cryptocurrencies using your credit card. There are currently over 30 ATMs located across Australia and you can locate your nearest one on the following website: https://coinatmradar.com/country/13/bitcoin-atm-australia/
As crypto grows in popularity, the number of places it can be used will inevitably grow.