Do you want to buy gifts with crypto this Christmas? Learn about places that accept cryptocurrency for purchasing a variety of gifts, from electronics to cars.
As we gear up for the holiday season, it’s hard not to notice a new shopping trend gaining momentum.
The use of cryptocurrency in retail is no longer just a niche for tech enthusiasts; it’s becoming a mainstream phenomenon. This comes at a time when more and more stores that accept cryptocurrency as payment are popping up.
From your favorite gadget to a luxurious car to just picking up Christmas gifts for your friends and family, these places are making these big acts of purchase feel like a leap into the future.
So, let’s dive into how crypto is changing not just the way we invest, but also the way we shop.
The first brand in our list of marketplaces where cryptocurrency is accepted is Newegg.com.
Newegg is a popular online store specializing in electronics and computer parts. It’s known for its appeal to tech enthusiasts and has become increasingly crypto-friendly.
Through its website, Newegg supports crypto payments for all its products, accepting a range of tokens including Bitcoin (BTC) and Ethereum (ETH).
This makes it a notable choice for those looking to shop with crypto in the tech and electronics domain.
Another noteworthy example in the realm of marketplaces where cryptocurrency is accepted is Overstock.com; an online retail giant that offers a wide range of products, including ideal potential Christmas gifts such as furniture, home decor, bedding, clothing, and jewelry.
In 2017, Overstock set itself apart among other stores that take crypto payments when it made headlines by accepting a variety of cryptocurrencies instead of just limiting itself to Bitcoin.
Since its launch in 2018, Crypto Emporium has spread its wings across 125+ countries and has distinguished its wide variety of products.
Beyond just buying a gadget or two, at Crypto Emporium buyers could choose their next Lamborghini or Rolex, all with their crypto holdings.
The company also has a cashback system that turns purchases into points, which can later be redeemed for more crypto. They also have an affiliate program so users can share their finds with friends.
AMC Theaters, known for bringing the magic of movies to the big screen, has also expanded its payment options to include crypto payment options.
As the largest movie theater chain in the U.S., AMC’s move to accept digital currencies like BTC, ETH, and others for online payments marks a shift in the entertainment industry.
This cryptocurrency integration into AMC’s payment system allows movie enthusiasts to shop with crypto for their online ticket and concession purchases.
While customers can use crypto to buy tickets, they can’t use crypto for in-person purchases at the cinemas yet.
However, the inclusion of crypto alongside traditional payment options like Apple Pay, Google Pay, and PayPal can help customers go cashless.
Shopify, a leading name in the e-commerce space, has made significant strides in embracing crypto and, therefore, embracing the global trend of marketplaces where cryptocurrency is accepted.
Shopify’s integration with cryptocurrency aims to be user-friendly, with a range of third-party payment gateways like Crypto.com and others that support a diverse array of cryptos. This inclusion allows merchants on Shopify to tap into a global customer base.
With the recent partnership between Shopify and DePay, Shopify merchants can receive a wide range of crypto tokens, broadening the scope of online stores that accept Bitcoin and other crypto coins.
The Pavilions Hotels & Resorts
International boutique hotel group the Pavilions Hotels & Resorts has taken a significant step in the hospitality industry by accepting cryptocurrencies for hotel bookings.
Guests staying at any of The Pavilions’ hotels and resorts now have the option to pay for their bookings using BTC, ETH, and over 40 other altcoins.
The Pavilions Residences, which are sold at the group’s Phuket and Niseko resorts, also accept cryptocurrencies for property sales.
Dos And Don’ts Of Shopping With Bitcoin
When dealing with marketplaces where cryptocurrency is accepted, you should remain vigilant. Here are some dos and don’ts to consider.
Research: Before using crypto for purchases at online stores that accept Bitcoin or other cryptocurrencies. Research the retailer’s credibility and the stability of the cryptocurrency being used.
Understand volatility: Be aware of the volatile nature of cryptocurrencies. Prices can fluctuate rapidly, affecting the value of your purchase.
Secure wallets: Ensure your digital wallet is secure. Opt for wallets with strong security features to shop with crypto safely.
Check transaction fees: Be mindful of transaction fees. Some retailers that accept Bitcoin may charge additional fees for crypto transactions.
Record keeping: Keep track of your transactions. Maintaining records is crucial for understanding your spending and for tax purposes.
Impulse buy: Avoid impulse buying with crypto. The excitement of using digital currency for shopping should not override prudent spending decisions.
Ignore tax implications: Don’t overlook the tax implications. In many jurisdictions, buying with crypto can trigger tax events.
Neglect security: Don’t compromise on security. Using unsecured networks while transacting can lead to theft of your digital assets.
Overlook refund policies: Don’t ignore the retailer’s refund policy. Some places might have different refund policies for crypto purchases compared to traditional purchases.
Forget wallet details: Never forget your wallet credentials. Losing access to your digital wallet means losing your funds.
Remember, while the allure of using cryptocurrencies to buy gifts and presents can be strong, always prioritize security and due diligence.