Cryptocurrencies are often marketed as investment opportunities following the rise in value of the original crypto, Bitcoin. Its first transaction saw 5,050 Bitcoin sold for approximately $5.02, the value for this today would exceed $300 million.
Of course, hindsight is a great thing and nobody can predict how a cryptocurrency may perform in the future. Because of this, many crypto investors are now looking at ways to get the most out of their digital assets.
More brands and businesses are open to accepting cryptocurrencies as a form of payment, and we have looked for some of the most underrated ways that consumers can use their crypto rather than letting it sit in their digital wallets doing nothing.
1. Gambling
Online gambling is a fun and exciting option for consumers who love traditional casino games, sports betting, and other markets.
Crypto gambling sites provide users with a quick and easy way to create accounts without divulging sensitive information like bank details. Instant withdrawal and deposit features, extensive collections of games and betting markets, and great rewards and offers are also possible for new and existing customers. (Source: https://www.megadice.com/en)
This is also an excellent option for international consumers who are tired of the confusion and expense that surrounds exchange rates, with decentralized cryptocurrencies holding the same value around the world.
Bettors in prohibitive jurisdictions will also be able to access offshore crypto gambling sites without breaking local regulations.
2. Travel
It is said that travel broadens the mind, but not everyone can afford to jet around the world seeing incredible sights, experiencing wonderful traditions, and sampling local cuisines. However, cryptocurrencies could open a few doors with lots of travel agencies now accepting crypto.
As well as being able to book holidays and trips via travel agencies, savvy shoppers can also book hotels and flights directly with crypto. Dedicated exchanges and services have been set up to facilitate crypto booking as well, making it easier than ever before for people to see the world.
3. Charity
Benevolent crypto owners can also donate to a variety of charities that accept cryptocurrencies. Charities including the United Way and Red Cross accept crypto donations, and it can be a great way to offset capital gains tax if cryptocurrencies appreciate in value.
Crypto donations to non-profits can help to diversify their revenue streams, and international charity organizations will not have to transfer funds to the local currency.
4. Pay Bills
Cryptocurrency appreciation can be an excellent way to offset rising living costs and there are some excellent services available for people that want to start paying essential bills this way.
Rising energy costs are something that has affected a lot of people, and specialist platforms that allow consumers to pay real-world expenses with their digital assets are becoming more widespread.
While it is not the most fun way to use your cryptocurrency, it is a responsible one and can help consumers stay solvent in increasingly challenging times.
