• Smart Cash
  • Log in
  • Get Started

Table of Contents

The rise of crypto payments 

5 things you can buy with Bitcoin and other cryptocurrencies

How to buy almost anything with crypto 

How do returns work if you pay with crypto?

The bottom line

LearnBitcoinPaying With Cryptocurrencies: 5 Things You Can Buy Using Bitcoin and Other Coins

Paying With Cryptocurrencies: 5 Things You Can Buy Using Bitcoin and Other Coins

Jun 21, 2022


5 min read

Cryptocurrencies may have originated as an alternative form of payment, due to volatile prices, spending can be risky but that doesn’t mean you should hold them forever.

Laszlo Hanyecz became internet famous for making the first official transaction with Bitcoin when he posted on a forum that he’d give someone 10,000 Bitcoin (worth about $40 at the time) for two large pizzas. A forum user accepted, ordered him pizza from Papa John’s, and May 22, 2010, is now known as Bitcoin pizza day. 

At the time, spending Bitcoin on a real-world purchase seemed like a win-win. After all, there wasn’t much use for the strange and new internet money. But crypto investors may be shaking their heads—almost 12 years later in March 2022, the Bitcoin used to buy that pizza were worth over $470 million.

Today, people may hesitate to spend Bitcoin because they worry about its value increasing. However, the increased popularity and general acceptance of Bitcoin has made it easier than ever to use Bitcoin. Even if merchants don’t accept Bitcoin directly, holders may be able to use a debit card that’s tied to their Bitcoin holdings. And for investors who bought Bitcoin while its price was low or believe it will drop again in the future, spending it could be appealing.

The rise of crypto payments 

While many Bitcoin investors are “HODLing” (shorthand for buying and holding an investment), some people are ready to spend their Bitcoin. And there’s an ever-growing list of companies that are accepting cryptocurrencies, including Bitcoin. 

In part, this is because of the rise in third-party crypto payment services that let companies accept crypto without having to build or manage the behind-the-scenes technology. For example, the crypto exchange Coinbase has a Coinbase Commerce product that can even work with small online retailers that have a Shopify or WooCommerce site. Once integrated, the website can accept Bitcoin, Ethereum, and several other coins as payment. BitPay is another option that works with several well-known brands.  

Both buyers and sellers are taking a risk when spending or accepting Bitcoin because the currency’s price can quickly change and by a lot. But as crypto becomes more mainstream, this is a risk more people are willing to take. Some services also let business owners choose whether they want the payments to remain crypto or be automatically converted into dollars. 

5 things you can buy with Bitcoin and other cryptocurrencies

Crypto payment services are enabling an ever-growing list of places where you can spend your Bitcoin and other types of crypto for goods and services. Here are five things you can buy with Bitcoin—some of which may be surprising. 

  1. Coffee

It’s not just hipster cafes that are accepting cryptocurrency. Starbucks now lets people use Bitcoin by going into the Starbucks app, adding Bakkt as a payment option, and using Bakkt to reload a Starbucks card. In turn, Bakkt lets users pay with cryptocurrencies, gaming assets, gift cards, and loyalty or rewards points. 

  1. Diamonds, precious metals, and jewelry 

An investor who has “diamond hands” is someone who holds onto their investment while its price swings. Their nerves are as strong as diamonds, and their investments will hopefully turn into a diamond under the pressure. But for investors who are ready to turn their Bitcoin into literal diamonds, there are several diamond, precious metal, and jewelry stores, including Reeds Jewelers and Birks, that accept Bitcoin as payment. 

  1. Anything on Overstock.com

Overstock.com is an online retailer that sells a variety of products, including home decor, furniture, jewelry, and pet supplies. In 2014, it became one of the first major retailers to start accepting Bitcoin. However, customers paying with Bitcoin must check out on a desktop computer—they can’t use the mobile website. They also can’t combine Bitcoin with other payment options, except for Overstock.com gift cards, in-store credit, or Club O rewards.

  1. Travel

Expedia, one of the largest online travel agencies, accepted Bitcoin for several years. While it hasn’t been a payment method on Expedia since 2018, jet setters can use Travala.com to book travel with Bitcoin and dozens of other cryptos. Travala has a partnership with Expedia, which means users can still get access to exclusive deals and travel packages. 

  1. Electronics and entertainment 

Online electronics and software retailer Newegg also accepts Bitcoin, as do AMC theaters, Dish Network, and Twitch. There are even several major sports teams, such as the Dallas Mavericks and Sacramento Kings, that let fans buy tickets with Bitcoin. Electric carmaker Tesla, run by crypto fan Elon Musk, accepts payment in the cryptocurrency Dogecoin for certain merchandise.

How to buy almost anything with crypto 

Rather than relying on a company to set up and offer a crypto as a payment method, Bitcoin holders can take matters into their own hands. 

For example, BitPay has a reloadable prepaid Mastercard debit card that can be loaded with Bitcoin and used at merchants that accept Mastercard. However, the Bitcoin is exchanged into dollars when it's loaded onto the card, not when the card is used. 

Alternatively, Wirex has a prepaid Visa debit card that converts crypto to dollars when making a purchase or withdrawing cash from an ATM. Coinbase is also planning to launch a Visa debit card.

Electronic payments service PayPal is another option for users who hold cryptos in their PayPal account. They can then use the crypto while checking out with PayPal, but only if they have enough funds in a single crypto to cover the entire transaction. 

How do returns work if you pay with crypto?

Cryptocurrency transactions can’t be reversed—that’s one of the features of the blockchain technology that underpins the systems. With this in mind, Bitcoin spenders should check a merchant’s return policy before paying with crypto.

Some merchants may allow returns and send back dollars or Bitcoin. However, the amount may be determined by the conversion rate when the purchase was first made rather than the current price. Other merchants may only offer gift cards for returns to customers who paid with crypto. 

The bottom line

While cryptocurrencies may have originated as an alternative form of payment, crypto investors quickly found that they might be best viewed as a long-term investment or as a speculative digital asset. Cryptos’ volatile prices also means spending cryptos can be risky.

But that doesn’t necessarily mean buying and holding them forever. For any investor who wants to spend some of their crypto, there are now a variety of companies and services that make that possible.

At Titan, we are value investors: we aim to manage our portfolios with a steady focus on fundamentals and an eye on massive long-term growth potential. Investing with Titan is easy, transparent, and effective.

Get started today.


Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Titan has not independently verified such information and makes no representations about the accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; Titan has not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any strategy managed by Titan. Any investments referred to, or described are not representative of all investments in strategies managed by Titan, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see Titan’s Legal Page for additional important information.

You might also like

Who Is Satoshi Nakamoto? Exploring the Mystery Behind the Bitcoin’s Founder

Given the mystery around Nakamoto’s identity, people have speculated about who is behind the name. Some claims are more outlandish, while others are based on research.

Read More

How to Earn Bitcoin

While investors can buy Bitcoin or swap other cryptos into Bitcoin, there are also ways to earn a lot of Bitcoin, but they tend to require a larger up-front investment.

Read More

How to Store Bitcoin Safely

When someone buys Bitcoin, they’re linking the funds to a crypto wallet. Keeping the wallet secure is vital to storing Bitcoin safely and protecting the investment.

Read More

What Is Bitcoin Mining and How Does It Work?

Bitcoin mining is the process of using computer power to mint unique digital tokens that can be transmitted across the internet and used as currency to buy goods.

Read More

Cash Management

Smart Cash

Smart Cash FAQs

Cash Options

Get Smart Cash


© Copyright 2023 Titan Global Capital Management USA LLC. All Rights Reserved.

Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.

Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.

Cryptocurrency advisory services are provided by Titan. Cryptocurrency trading is provided by Bakkt Crypto Solutions LLC ("Bakkt Crypto"). Bakkt Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Bakkt Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency execution services are provided by Bakkt Crypto (NMLS ID 1828849) through a software licensing agreement between Bakkt Crypto and Titan. Please ensure that you fully understand the risks involved before trading: bakkt.com/disclosures.

Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.