Tips on How to Use Bitcoin Must Know before Buying
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Illustration Bitcoin |
More and more Indonesians are investing in cryptocurrencies such as Bitcoin. This is governed by several factors, one of which is the huge profit power of investing in this most popular crypto.
However, it seems that Bitcoin can not only be obtained and put for investment. As its meaning, namely digital currency, apparently Bitcoin can also be used for a business like the money we use every day. However, business transactions using Bitcoin are limited in some ways.
Besides being able to be used as a business transaction tool, here are other benefits of Bitcoin that must be understood, especially for those of us who are beginners so that we can wisely use our Bitcoins.
1. Bitcoin buying and selling business transactions
The first step to using Bitcoin is to do business transactions buying and selling Bitcoin. However, to do this, we must first register with an exchange or cryptocurrency exchange.
To be able to make a profit when doing business transactions buying and selling Bitcoin, it is necessary to be observant and careful to pay attention to the price of Bitcoin which fluctuates the most. The good thing is to buy Bitcoin when its value is down and sell it when the price is going up and high.
2. Long-term investment
Bitcoin can also be for long-term investments. Lately, there have been many investors who have turned their funds into Bitcoin because of the very high-profit power that can be obtained from owning Bitcoin. On the other hand, the Bitcoin price movement business transaction process is generally open.
During the COVID-19 outbreak in 2020, the registered Bitcoin price continued to grow, and it continues to this day. Therefore, Bitcoin is really perspective as a long-term investment.
3. Use it for charity
Apart from being an investment, Bitcoin can be used for charity. Currently, some organizations accept Bitcoin for humanitarian actions, for example, Save the Children, The Water Project, Red Cross, Unicef, and there are many other humanitarian organizations.
With more and more humanitarian organizations accepting Bitcoin for charities, this is attracting more and more people's interest to play with Bitcoin.
4. Buy items online
The next step to using Bitcoin is that it can be used to buy goods online. Although in Indonesia the use of Bitcoin to buy goods is still illegal, many things can be obtained online using Bitcoin. That includes games, movies, and programs. In addition, Bitcoin can also be used for shopping in international marketplaces such as Amazon.
5. Subscription payment
Subscription or subscription is an online payment step that is used for various services, such as movies, music, and other broadcasts. Currently, it is possible to pay for multiple subscriptions with Bitcoin. Online services such as VPN networks, domain name registers, and internet service providers are ready to accept payments using Bitcoin. This further expands the benefits of Bitcoin.
6. Buy a gift card
For a long time, the custom of giving gift cards or gift cards has been carried out by Indonesian citizens. Now we can buy gift cards and give them to family or work using Bitcoin. Several websites are ready to accept Bitcoin as a means of payment, such as Egifter and Gyft.
7. Buy retail products
If the ways to use Bitcoin above are very foreign and not so close to daily needs, then using this one Bitcoin will make us more confident to play Bitcoin. Bitcoin can already be used to buy some retail products. Bitcoin can be used to buy retail products at online shops such as Amazon, Starbucks, and Target for daily needs and purposes.
