When you think of crypto, you most likely mainly regard it as an asset you can invest in. While that is indeed an option you can go for, there is so much more to crypto than just monitoring its prices, buying it when it’s low, and selling when it’s high. The practical applications of this digital currency are actually bountiful, so, make sure to keep reading to learn about some of our top ways to use crypto.
Crypto Casinos
One interesting option that not enough people consider is using crypto for entertainment purposes. Some may struggle with the thought of mixing business with pleasure, but we reckon this can get you to enjoy the best of both worlds. While there are multiple options you could go for in this case, one sector that springs to mind is none other than crypto casino games.
For those who haven’t heard of this gaming subsection, even for regular online casino players, we can’t blame anyone. It can be hard to keep up with every advancement implemented by this tech-forward industry. At this stage, this is one of the most recent industry innovations following a long line of additions such as mobile gaming and live dealer games.
Often known as a crypto casino, such platforms allow users to make their deposits using various cryptocurrencies, such as Bitcoin. Once a payment goes through, regardless of the chosen currency, the moment it hits the account, it will be automatically converted to the traditional currency used by the platform.
And using crypto as a payment method won’t limit players when it comes to gaming choices. From classic blackjack to pokies and slots with lots of themes and ideas, many modern games can be played on any compatible device.
Moreover, players should check any ongoing promotions on the platform, as they’ll sometimes get something extra for using crypto. All of this, and it’s a relatively faster and cheaper option than regular methods.
When it comes to how one can actually pay with crypto, the first thing they’ll need to do is ensure they have the right currency and amount in their hot wallet. Once that is sorted, players need to click the deposit option on the casino site and copy the address. The final step is to paste the address into the digital wallet and press send.
Potentially Trying to Earn Interest
Financial freedom is a wish many of us people have, especially on those days when work is stressing us out. There aren’t many things that sound better than making one’s money work for them, rather than the other way round. When it comes to crypto, this is where staking comes in to help reach this goal.
Staking basically allows users to try to earn rewards over time in the form of additional crypto, akin to earning interest on savings. The percentage of return depends on the currency chosen, and it can vary drastically. However, it’s important to note that this is only possible with currencies that operate on a Proof of Stake system.
This can be done on any platform that allows users to purchase, store, and stake crypto. The type of site can range from an exchange like Binance, a wallet such as Coinbase Wallet, to even a bank, for instance, Revolut. Once the currency is staked, there’s nothing else left to do on the user’s end apart from monitoring crypto holdings.
Ordering Food
This may be the most surprising way you can use crypto on this list as you might have expected us to mention how you can buy tech gadgets with crypto. However, that is something most would have found obvious as tech and crypto go hand-in-hand.
Ordering your favorite Domino’s pizza using Bitcoin, on the other hand, will most likely leave you more perplexed. Currently, there are multiple restaurant chains that readily accept crypto. This is either done by offering the payment option directly on their site or by doing so through a third-party provider like BitPay, where you can purchase a gift card for the site.
And what will shock you further, is the fact that you are able to do this not just online, but also in specific physical locations. One popular example is a branch of Burger King located in Paris, which has installed Instpower power bank rental machines to help clients pay with crypto. Of course, the places where this option is available are still quite limited, but we can expect this to change in time.
Conclusion
The world, even the digital one, is your oyster, so don’t let a lack of knowledge preclude you from using crypto to its fullest. From playing online casino games to getting a well-deserved foodie treat – there’s no shortage of practical crypto applications that go beyond simply investing.
