How to Pay Your Bills with Bitcoin

Bitcoin News | Crypto News | Latest News | Reviews | Wallets

After spending years away from the limelight, cryptocurrency has made major strides in achieving mass adoption across the world. However, the life of any currency is only as good as its utility.

Blockchain technology, the engine behind what makes cryptocurrency operate, has now started to permeate every sector of today’s world. Whether it’s a blockchain based power grid or a decentralized marketplace to help you buy new digital assets. Bitcoin has officially breached the off-line world and is creating an influx of opportunity and real life application.

Some cryptocurrency enthusiasts may focus on investing in Bitcoin. They daydream living that “Lambo life”, however most are unaware of the various ways that they can spend their Bitcoin on day-to-day items. Even daily consumables can now be purchased using Bitcoin. Many new platforms are emerging every month in order to make it easier for people to utilize these digital coins for their daily spending habits.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

 

Granted, there are a few crypto millionaires out there that obtained wealth due to their HODLing. However, millions of people are now using their digital coins in a more practical manner in order to pay their utility bills, groceries, and even their daily cup of coffee. Activities like these are crucial to allowing the currency to become more acceptable in real life.

Other than using cryptocurrency as a means of investment, how exactly do you use these digital nuggets of gold in real life situations? How would you use them, for example, to pay your bills, gas, cellphone, or groceries?

I’ll be answering these questions with a few hand-selected services that I’ve used for these type of occasions. The more reputable service providers have been allowing individuals like yourself the freedom to use Bitcoin in the same way you use any standard credit or debit card.

Bitcoin Debit Cards

bitcoin-debit-card-credit-card

THE COMPLETE IDIOTS GUIDE TO MARGIN TRADING ON BITMEX - Beginner Strategies for Generating Consistent Profits with Margin Trading on Bitmex

TOP 3 BITCOIN CASINO & SPORTSBETTING SITES OF 2018 - Looking to Have a Little Fun with Your Crypto? Check Out the Latest & Most Innovative Crypto Gaming & Sportsbetting Sites on the Web

Bitcoin debit cards are the easiest way for you to use your digital coins in order to pay your bills or other daily expenditures. It bridges the technological gaps between decentralized currencies of the world and the conventional marketplace.

Most Bitcoin debit cards use a protocol that quickly converts your BTC into USD or EUR when using the card at a merchant’s location. Each transaction will have a small processing fee, however the fee will be a lot less than what you would pay to convert your crypto coins to fiat currency on a cryptocurrency exchange like Coinbase or Binance.

With these debit cards, the merchant always gets paid in their local currency. You can shop at any store just like you would with your standard bank issued debit card or credit card. It’s also possible to sign up for an auto-pay system just like you would with a typical credit or debit card.

Here some of the more popular Bitcoin debit cards that you can start using today: 

Shift

shift-debit-cardit-card-bitcoin-crypto-2Shift was the first bitcoin card to become available in America. Although Shift does not have its own wallet, it connects with your Coinbase wallet for transactions. It is available in 45 states within the US. The user is alerted to each transaction via smartphone notifications and does not charge any BTC to USD conversion fees.

If you don’t have a Coinbase account, sign up with this link in order to receive $10 worth of free Bitcoin. You lose nothing and gain $10 with no additional effort.

WageCan

wagecan-crypto-debit-card-creditWageCan is one of the most popular Bitcoin debit cards. You can use it outside Europe and the US. This card connects with over 30 million ATMs around the world and even allows local currency withdrawals. You have a choice between a plastic card and a digital one. The card supports multiple nationalities and doesn’t need a credit check in order to get started.

WageCan rewards initial deposits and also supports referral rewards to make it worth your time to recommend their service to friends and family.

Wagecan Overview:

  • Offers 30+ Million ATM Networks in over 210 countries
  • Local currency cashout (withdrawal of funds)
  • Point of Sale (purchase anything that accepts the Visa logo)
  • No credit checks
  • Mobile App
  • Founded in 2014

> Sign up here and receive a 20% discount coupon on your card

SpectroCoin

spectrocoin-debit-card-cryptocurrency-credit-card-2This provider is based out of London and not only supplies Bitcoin debit/prepaid cards but is an all-in-one solution for a wide range of services like mobile apps, merchant processing, blockchain wallets, and more.

 

Some of these include:

  • Blockchain Wallet – eliminates crypto volatility during the transaction as it exchanges the exact amount just before posting it to the blockchain.
  • Cryptocurrency exchange – supports 150+ countires with 30+ currencies.
  • Credit and prepaid cards – includes 20+ deposit/withdrawal methods available like bank transfers, cash withdrawal, money transfers, etc.
  • Payment processing – if you own an online or offline store, you can accept payment in Bitcoin, NEM, or Dash.
  • Can be used at 30+ million ATMs worldwide.
  • Established in 2013.

Any of the card providers mentioned above will allow you to easily store your Bitcoins as well as spend them in Euros or US dollars. The cards can be used to pay electricity bills, Netflix subscriptions, as well as any other bill you can think of. They are accepted at any venue that accepts credit cards.

Bitcoin Powered Bill Pay Services

bitcoin-powered-bill-pay-autopayAs an alternative method to using the credit card services mentioned above, there are bill pay companies that allow you to pay your bills on a predefined schedule. All services covered within this guide will allow you to set up auto pay payments from your online wallet. Just set it once and forget it. Below are a few services that can help you keep your Bitcoins anonymous while still making your payments on time. 

Coinsfer 

Coinsfer is an older and more established service that can help you pay your bills using Bitcoin. They primarily operate in the US. You’ll have the choice of setting up a recurring payment or one time payments like any other bill pay service.

NOTE: there is a 7% tip for each bill paid (min $20) if you choose to utilize the one-time payment feature. Choosing the subscription plan (auto pay) will bring it down up to 5%.

Bill Pay for Coins

bill-pay-for-coinsBill Pay for Coins is a more reasonably priced bill pay service provider with a fee of only 1.99%. Simply have your Bitcoin wallet address handy, choose from a list of companies that you want to pay your bills with, and submit the payment. It’s a very simple process that you’ll only need to set up one time.

Be aware that it could take up to 5 days to complete, however it rarely takes that long to process. Apart from utilities, you can also pay credit cards, home or auto loans, federal and state taxes, and pretty much anything else that involves a monthly invoice.

Direct Bitcoin Payments

bitcoin-direct-depositMany utility companies have started to accept Bitcoin as a form of payment and the list is growing every day. Make sure to ask your service provider if they accept Bitcoin payments; however this is typically something that they would advertise on their website, so check there first.

The benefit of paying directly is so you can eliminate paying a service or conversion fee. Paying the company directly would also be a lot faster than going through a bill pay service.

Arizona has already passed a bill to accept cryptocurrency as a valid form of payment for state and local taxes. Other states in the US, like Illinois and Georgia, are considering state tax payments in the form of Bitcoin. As cryptocurrency becomes more mainstream, more and more services and utility companies will start to allow these forms of payment directly.

Are We Close to a Bitcoin Economy, Yet?

Yes! It’s already here. Bitcoin payments (as well as other cryptocurrencies ) are steadily becoming more and more integrated with various merchants every single year. The service providers mentioned above will allow you to purchase almost anything with Bitcoin.

Many blockchain startup companies are improving their platform in order to make it easier to convert cryptocurrency to your local fiat. As their efforts continue, it will become much easier to use Bitcoin for everyday use. Fortunately, there are many ways to pay for your daily life’s necessities and utilities with this incredible innovation today.

Start with a few of the providers mentioned above and utilize the currency for what it was intended for. Also realize that your daily Bitcoin spending habits is helping with the overall integration of the currency within our society. That’s something you can feel good about!

Leave a Comment

Latest Crypto News

Coinbase CTO: Crypto is Entering the Tech Mainstream

Balaji Srinivasan, a prominent venture capital investor and the chief technical officer at Coinbase, said that crypto is entering the tech mainstream. “Sundar Pichai & Sergey Brin’s sons are both mining crypto; Facebook is doing blockchain; Square

Using Crypto to Take out a Real Mortgage on Virtual Land

Using Crypto to Take out a Real Mortgage on Virtual Land

It’s not Thursday, but this story sure feels like a throwback to headlines from last year’s cryptocurrency mania: crypto enthusiasts have begun using their tokens to take out real mortgages on virtual land. Decentraland &

Bitcoin Futures Volatility Hit Record Low in October

Bitcoin has been unusually stable in recent weeks, and the decrease in volatility has now reached historic levels in the futures markets. Bitcoin Volatility Hits Record Level in Futures Markets That’s according to Kevin Davitt,

IBM Files Patent for Blockchain-Based AR Helper System

IBM has filed a patent for a blockchain-based system which will prevent players of augmented reality games entering physical spaces that are undesirable. They cite as examples “high-risk locations, culturally sensitive locations, locations marked by property owners.”

bat-token-coinbase

Breaking: Coinbase Pro Lists Ethereum Token BAT

Coinbase has just announced that trading of the Basic Attention Token is soon to be enabled on the Coinbase Pro platform, and deposits of the token are now being accepted.  Trading in the token — which runs on Ethereum

morgan-stanley-bitcoin-futures

Morgan Stanley: Bitcoin is a New Institutional Investment Class

There is a rapidly growing interest in bitcoin and other cryptocurrencies among institutional investors while there seems to be lethargy in the number of retail buyers operating within the space. As such, bitcoin and altcoins now constitute a new

Ron Paul Says Crypto Could Prevent Recession

Ron Paul Says Crypto Could Prevent Recession

Retired US Congressman Ron Paul, a one-time bitcoin skeptic, called for a tax exemption on all cryptocurrencies, saying the move could prevent an economic recession. Ron Paul, the father of current United States Senator Rand Paul,

Tether Found a New Bank, and it Might be in the Bahamas

Tether Opens $1.8 Billion Bank Account in the Bahamas

Tether Limited, the issuer of controversial USD-pegged cryptocurrency stablecoin tether (USDT), has confirmed that it has established a banking relationship with a small financial institution based out of the Bahamas. The cryptocurrency firm, notorious for its opaque operations,

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$4,463.62
-16.21%
3
Ethereum
Ethereum
$133.24
-15.51%
2
XRP
XRP
$0.4521
-6.71%
5
Bitcoin Cash
Bitcoin Cash
$217.14
-39.83%
7
Litecoin
Litecoin
$32.916
-14.29%
9
Cardano
Cardano
$0.046059
-15.94%
4
Stellar
Stellar
$0.1996
-13.89%
17
NEO
NEO
$8.916
-17.73%
6
EOS
EOS
$3.670
-11.74%
13
IOTA
IOTA
$0.3018
-18.44%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World


Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK