Easy Ways to Use Bitcoin

Easy Ways to Use Bitcoin

Easy Ways to Use Bitcoin – Nowadays more and more people are spending their time to be able to invest and even take advantage of all the existing capital and make it a great opportunity. More and more Indonesians are investing in cryptocurrencies like Bitcoin. This is influenced by a number of factors, one of which is the potential for huge profits from investing in this popular crypto.

However, it turns out that Bitcoin can not only be bought and stored for investment. As it means, namely digital currency, it turns out that Bitcoin can also be used to transact like the money we use everyday. Even so, transactions using Bitcoin are still limited in a number of ways.

1. Bitcoin trading transactions

The first way to use Bitcoin is to make buying and selling Bitcoin transactions. However, to be able to do this, we must first register with an exchange or cryptocurrency exchange.

To be able to benefit from buying and selling Bitcoin transactions, it is necessary to carefully and carefully pay attention to the highly volatile Bitcoin price. It’s best to buy Bitcoin when its value is falling and sell it when the price is rising and high.

2. Long term investment

Bitcoin can also be for long-term investments. Recently, many investors have shifted their funds to Bitcoin because of the very high profit potential that can be obtained from Bitcoin ownership. On the other hand, the transaction process as well as Bitcoin price movements are usually transparent.

During the COVID-19 pandemic in 2020, it was noted that the price of Bitcoin was increasing, and this continues to this day. Therefore, Bitcoin has the potential to be used as a long-term investment.

Also Read : Advantages of Using Trading Robots

3. Use it for charity

Apart from being an investment, Bitcoin can also be used for charity. Currently, there are several organizations that accept Bitcoin for humanitarian action, such as Save the Children, The Water Project, Red Cross, Unicef ​​and many other humanitarian organizations.

With more and more humanitarian organizations accepting Bitcoin for charities, this is attracting more and more people to play Bitcoin itself.

4. Buying things online

The next way to use Bitcoin is that it can be used to buy goods online.

Although in Indonesia the use of Bitcoin to buy goods is still illegal, there are some things that can be purchased online using Bitcoin. That includes games, movies and apps. In addition, Bitcoin can also be used to shop at international marketplaces such as Amazon.

5. Subscription payment

Subscriptions are an online payment method used for various services, such as movies, music and other shows. Currently, it is possible to pay for multiple subscriptions with Bitcoin.

Online services such as VPN networks, domain name registrations and internet service providers have also accepted Bitcoin payments. This further expands the usefulness of Bitcoin itself.