In this guide, we will show you exactly “How to buy food with cryptocurrency”. Despite this fact, few food chains accept cryptocurrency for your food.
Users can pay food bills with crypto by using a payment processor or their crypto wallet. Cryptocurrency is a decentralized digital currency that uses cryptography to make transactions.
Cryptography is a safe and secure communication where the sender and recipient are allowed to view its content. Moreover, cryptocurrency assets are stored in digital wallets for safety and to track cryptocurrency.
However, the first person who used Bitcoin for a business transaction was Laszlo Hanyecz. He spent 10,000 BTC on two pizzas. Thus, by the crypto community, this pizza is addressed as a Bitcoin pizza.
In the real world, this is not the real amount that BTC needs to buy food. This is because the customers realize that the amount they pay for the food is worth it. It’s not more or less.
Despite this, in the next section, you will get some possible ways that help you to buy food using Bitcoin. So, keep reading the post carefully.
Possible ways to buy food using cryptocurrency
Depending on the user’s needs, here are a few ways that help you to buy food using Bitcoin. Follow these one by one. There are three ways through which you can use cryptocurrency for daily expenses:
1. Crypto food delivery portals
In various regions, crypto food delivery sites are connected with many beverage outlets and food. Typically, it is like a website that helps you to order food from nearby restaurants. Instead of giving it to the food vendor, you can pay via crypto for the food.
2. Crypto Cards
Crypto cards are just like debit or credit cards. These cards allow customers to make payments by using their cryptocurrency. Thus, the amount is deducted from the user’s wallet and transferred to the merchant’s account.
Using this card, users can pay their routine bills without any difficulties. Additionally, many crypto card companies offer mobile apps through which users can spend their Bitcoin anywhere.
3. Crypto gift cards
Using cryptocurrencies, customers can purchase gift cards for various food and delivery services. They can redeem this card to pay in digital currencies for their meals. Besides, you can use this card to sell and purchase items. Nowadays, various companies are offering these gift cards so it makes an easy way to fulfil user needs.
Read Also:- How to make money with cryptocurrency
How to buy food using a crypto gift card?
Crypto gift cards are used at any restaurant or retail store. However, these cards are loaded with digital funds. This card can be used safely and straightforwardly.
Given below are steps that help you how to get started:
- First off, select a trustworthy platform and look for merchants that offer discounts
- Now, sign up to buy crypto gift cards from the selected service provider
- Once payment is made, customers will receive their crypto gift cards
- Lastly, the recipient can redeem the card to pay for goods and services
Note: You can do so by visiting the same website and entering the information mentioned on the card.
Bitcoin is not directly accepted by brands like Walmart and Amazon but they accept crypto gift cards. Furthermore, users can use Bit refill to pay for food in cryptocurrency using a crypto gift card.
Typically, Bit refill is a website that offers prepaid mobile refills, gift cards, and Bitcoin Lightning Network services. They offer their services in 170 countries for over 1600 products.
How to buy food using a crypto card?
In the real world, crypto cards are used for making Bitcoin transactions on various items. Thus, follow the given steps to spend BTC via a crypto card:
- Firstly, create a digital wallet together with a merchant account. Presently, there are various crypto cards available in the market. Thus, research the option and choose the one that best fits you according to your budget and needs.
- Next, download the app and sign up, and also complete the KYC process. Now, register for the card and create an account. Doing so allows customers to make purchases in-store or online.
- Lastly, users are asked to set a spending limit on their cards together with scheduling regular deposits in their accounts.
Moreover, all crypto cards allow the user to convert crypto to fiat instantly. Now, the question arises of how to select a crypto card that fulfils an individual’s needs. Every customer has their requirements. Some may choose cash-back rewards while others want to use yielding services.
Many cards are acceptable for regular shopping because they work as purchase reward cards. Using this card allows users to earn money back on all purchases. Besides, some cards let users earn interest on their crypto balance.
Also, the crypto card supports various cryptocurrencies such as ETH, BTC, LTC and many others. Despite this, various companies offer crypto credit cards to their clients including Gemini and BlockFi. Moreover, the companies that offer debit cards are BitPay, Coinbase, Crypto.com, BlockCard, etc.
Read Also:- What is Cryptocurrency
How to use crypto food delivery sites?
The crypto food delivery sites are not much different from using crypto gift cards. This is because both connect the user to merchants. Follow the steps to use crypto food delivery portals:
- Firstly, select a reliable platform
- Now, sign up
- And last, keep funds in your wallet
Besides, using the portal to buy food, customers have different options. Simply, they can buy food with cryptocurrency to purchase groceries on credit. After that, they can pay with cryptocurrency for all those purchases. Using this portal makes it easy for customers to make crypto payments.
Furthermore, the platform permits customers to order food from restaurants directly and pay for it using cryptocurrency. Not all, but in some countries, you can order food using cryptocurrencies. Names of some countries are Sprigz in the US, Hungry in the UK and BiteMyCoin in Australia.
Can you purchase food using crypto?
This question has no perfect answer because using crypto for food purchases has both advantages and disadvantages.
Advantages
Generally, cryptocurrency transactions are simple and easy. Because it is based on blockchain technology. It uses cryptography to perform transactions and makes the process easy for tracing the history of transactions.
Moreover, crypto payments are directly connected with the customer to the merchant. And also, remove the need for mediators such as banks.
Disadvantages
If you make a payment using crypto then it might result in a monetary loss. This usually happens through hacks. Besides, various difficulties arise if you are trying to make daily transactions digitally. So, before using cryptocurrency for daily expenses you must do deep research. And then use this medium of exchange for making transactions or buying food.
The Bottom Line
That’s all! By following the above instructions you will come to know “How to buy food with cryptocurrency”. Not all, but there are some countries available that accept Bitcoin for ordering food. You cannot use crypto directly to buy food.
To do so, the above are some ways and tricks. Lastly, have any issues related to any of the headings then contact our customer support. Our representative team is available 24*7 for assistance.