For most of its existence, the Bitcoin community (BTC) believed that cryptocurrency would be a viable alternative to the many centralized payment systems on the market. However, BTC is currently primarily used as a long-term investment – an asset like gold or stocks.
But still, gradually large companies begin to master the adoption of Bitcoin as a legal way to pay for goods and services around the world.
Today in the article we will talk about the most famous sites where payment by Bitcoins is possible, their features and capabilities for customers, as well as the benefits that Bitcoin payment brings.
Sites supporting Bitcoin payment
Acceptance of Bitcoin as a payment method depends on the decision of a particular company. Therefore, there are no specific markets where BTC is generally accepted. Instead, there are various companies in various service sectors that seek to expand their customer base by introducing digital currencies as a new payment option.
So, today, you can buy furniture using Bitcoin and thanks to its current capabilities it is quite simple. At the moment, there are several online stores selling furniture that already accept Bitcoins, and many more plan to start accepting digital currency during 2019.
The first on our list is Overstock.com. They currently accept Bitcoins as a payment method. They have a huge selection of furniture online (as well as many other products).
Also quite a well-known Fancy online store, which has an excellent function, in which there are other "mini-shops." For example, if you enter “furniture” in the search bar, stores such as Baxton Studio, Circu Magical Furniture and Zeitgeist Furniture will appear, all of which sell furniture online. This is a convenient way to search and buy if you like a particular manufacturer or supplier.
Newegg.com is an online store that also accepts payments in Bitcoins. It has various categories such as Bedroom, Home Entertainment, Home Office, Kitchen and Dining Room, Living Room and Family Room, and many others.
Several leading global retailers plan to start accepting BTC payments starting in 2019. With their help, the following retailers sell furniture online:
Advantages of paying for orders with cryptocurrency
Of course, you can also shop in the traditional way, but the digital board has a number of advantages:
- User anonymity
If a user does not voluntarily publish his transactions in Bitcoins, his purchases will never be published and cannot be traced as purchases made only for cash.
- No third-party interrupts
One of the advantages of Bitcoin is that governments, banks and other financial intermediaries do not have the ability to interrupt user transactions or freeze accounts. The system is peer-to-peer, users get a greater degree of freedom than with national currencies.
- Purchases are not taxed
Since third parties cannot identify, track, or intercept Bitcoin transactions, one of the main advantages is that sales taxes are not added to any purchases.
- Very low transaction fees
Standard bank transfers and foreign purchases usually include commissions and exchange charges. Since transactions with cryptocurrencies do not have intermediary institutions or government involvement, transaction costs remain very low.
This can be a major advantage for travelers. In addition, any transfer in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and waiting periods.
- Mobile payments
As with many online payment systems, Bitcoin users can pay for their coins anywhere they have Internet access. This means that buyers should never go to a bank or store to buy a product.
Editor: Yuliya Soroka