How to Buy Electronics With Cryptocurrency?
There are several ways to purchase electronics with your crypto, including buying directly from cryptocurrency-accepting retailers, using crypto gift cards, and even using crypto debit cards.
In this article, we’ll discuss the advantages of using cryptocurrency to purchase electronics and the different options available to you.
Why should you buy electronics with cryptocurrency?
Buying electronics with cryptocurrency offers several benefits. It allows you to take advantage of the accessibility, privacy, security, and incredibly low fees that cryptocurrencies offer. With crypto payments, you can make transactions anytime, anywhere, without having to worry about sharing your personal details or paying exorbitant fees. This hassle-free method of purchasing electronics is becoming increasingly popular today.
You can access a wide range of different electronics worldwide with the click of a button without having to worry about international currency exchange rates.
Cryptocurrency payments are much faster than fiat payments, meaning that you can buy the electronics you need within minutes.
When you shop with cryptocurrency, you don’t have to input your name, address, credit card, or bank account information to make a purchase. Your transactions are encrypted and anonymous, so third parties won’t be able to view your purchase history or personal data.
Cryptocurrency transactions are verified and secured by a network of computers, making it difficult for hackers or other malicious actors to get access to your data.
On certain platforms, you can even use a ‘mixer’ to further obscure your purchase history – this is a service that will “mix” the cryptocurrencies of many users, so it will be even harder to track the origins of the funds or the owners.
Cryptocurrency transactions are highly secure since they use cryptography to secure and verify the transactions on the blockchain. When you use cryptocurrency to purchase electronics, you aren’t providing any personal data to the seller, thus protecting your identity and financial information.
The decentralized structure of the blockchain makes it very difficult for hackers to access and manipulate information. As a result, cryptocurrency transactions are much safer than traditional financial transactions.
Compared to traditional payment methods, cryptocurrency fees are much lower and can even be free. This makes it a great option for those looking to save money on their electronics purchases.
Additionally, since cryptocurrency transactions are processed directly between two users, there’s no middleman taking a cut of the transaction. This means that more of your money is going towards the purchase of the electronics, not just the fees associated with it.
Which electronics retailers accept crypto payments directly?
Electronics retailers that accept cryptocurrency payments include Newegg, Crypto Luxury Store, Crypto Emporium, Withbitz, and Spendabit.
Newegg is one of the few electronic retailers that accept cryptocurrency payments directly and has over 40 million registered users. With a wide selection of appliances, TVs, servers, smart home gadgets, and many more, there’s something for everyone. Plus, it’s convenient, as Newegg ships from the US to many areas worldwide.
And if you don’t have a credit card or PayPal account, you can use Bitcoin with ease. During checkout, just select your preferred cryptocurrency, and you’re good to go. The process is streamlined and secure, with the cryptocurrency converted into US dollars at the time of purchase. There are no extra fees, no waiting for a confirmation, and no worries about exchange rates.
Crypto Luxury Store
Another way to purchase electronics with cryptocurrency is through Crypto Luxury Store, an online boutique that accepts crypto payments directly. Customers can find a large selection of laptops, smartphones, monitors and more, and can choose from free shipping 7-10 days, standard shipping 3-6 days, or express shipping 1-2 days.
EU customers don’t have to worry about customs fees, but non-EU customers may have to pay extra. To complete the purchase, customers will be redirected to the payment window of their chosen payment processor, where they’ll see the total cost of their purchase in crypto based on the exchange rate set by the payment service.
You have 30 minutes to send the amount of crypto specified or else the invoice will expire and they’ll have to start the checkout process again.
With its founding in 2018, Crypto Emporium has become a go-to for those looking to purchase electronics with cryptocurrency. What makes Crypto Emporium different is that it is a peer-to-peer platform and acts as an intermediary between buyers and sellers.
It offers a wide selection of goods such as PCs, printers, TVs, and laptops, and all payments are made directly with crypto as it is the world’s first crypto-only marketplace.
Crypto Emporium provides a safe, secure platform for such purchases, ensuring that customers can feel confident in their purchases. The company also offers competitive prices, so customers can be sure they’re getting great value for their crypto while receiving a 2% cashback on purchases made on the platform.
Withbitz is an online store that specializes in electronics – computers, cameras, audio, game consoles, and more. It also allows you to pay with various cryptocurrencies, such as Bitcoin and different altcoins.
Shopping at Withbitz is easy and secure. All transactions are encrypted, and the site has a secure payment gateway. The selection of items is also quite extensive, and the prices are competitive.
Plus, there’s a helpful customer service team if you have any questions.
Spendabit is a search engine that makes it easy to find merchants that accept cryptocurrency as it aggregates products from hundreds of stores. Users can search for a specific product or by category.
With more than 5 million products available for you to browse through, there is quite a selection, and there is a high chance you will find what you are looking for. Also, it helps you to find and compare the best deals for your desired purchases.
Buy electronics with crypto gift cards
In case your favorite merchant doesn`t accept payments in BTC or altcoins directly, they probably accept gift cards, which can be purchased with cryptocurrency.
Crypto gift cards from Bitpay, Coingate, Bitrefill, and Cryptorefill let you make purchases from thousands of stores, including major electronics retailers. The other good thing is that with gift cards, you can also buy dozens of different things; for example, if you buy a gaming laptop with a gift card, you can also buy video games with crypto gift cards from the same provider.
With over 12,000 merchants accepting Bitpay’s services, you can find a wide variety of electronics from the comfort of your home. All you need to do is select the merchant you want to purchase from and add the crypto gift card to your cart. The card will be automatically converted into the merchant’s local currency for you to make the purchase.
Bitpay also offers debit cards that can be used with any merchant that accepts debit cards, allowing you to make purchases with your crypto funds.
All the most popular brands are available to you, like Best Buy, Microsoft, GameStop, and many more.
You can easily and securely buy electronics with crypto gift cards on Coingate. Popular merchants like Western Appliances, Alibaba, Lenovo, and Dell are all accepting crypto payments through Coingate.
The payment processor supports all major coins like Bitcoin, Ethereum, Dogecoin, and USDT, as well as many lesser-known altcoins. You can purchase tech items with the coins of your choice at competitive rates.
On top of that, Coingate provides a secure and reliable platform for making purchases. All transactions are encrypted and backed up on the blockchain, so your funds are safe.
Bitrefill is a great gift card provider that offers a wide selection of merchants that support cryptocurrency. You can get anything from Apple, Amazon, Target, and Garmin products, to name a few.
On Bitrefill, you don’t have to worry about exchanging your crypto for fiat to purchase items, as this platform allows you to pay directly with your crypto. Furthermore, you can save money by using their discounts and loyalty programs.
They also provide support for a variety of currencies and tokens, making it an ideal choice for anyone looking to buy electronics with crypto.
Cryptorefill is a global crypto gift card provider that offers gift cards for merchants in almost every country in the world. Their selection of merchants is quickly filtered based on your location, so you don’t have to waste time researching options that don’t ship or are not available in your country.
They also offer a wide variety of gift cards for electronics such as Amazon, Best Buy, Apple, and Microsoft. Cryptorefill makes it easy for anyone to buy electronics with cryptocurrency from anywhere in the world. All you need to do is select the retailer, choose the amount, and pay with your cryptocurrency.
Buy electronics with a crypto debit card
Crypto debit cards work like any other debit card while allowing you to directly spend your cryptocurrency without going through the hassle of fiat exchange.
To use one, you just have to link your wallet to your card so you can use it for payments and withdrawals. As it automatically converts the cryptocurrency to the fiat you like to use, it makes the experience straightforward and painless.
You just have to choose a payment platform, sign up for an account, and go through the required KYC rules to verify and fund your wallet. The most popular crypto debit card providers are Coinbase, Binance, and Crypto.com. While there are many who provide this service, we at Coinlabz recommend that you do your own research to see which platform meets your needs the best.
Frequently Asked Questions
What Types of Electronics Can I Buy With Cryptocurrency?
You can buy a variety of electronics with cryptocurrency, including computers, tablets, phones, smartwatches, and gaming consoles. There are also TVs, media players, and even wearables like fitness trackers.
Are There Any Fees Associated With Using Cryptocurrency to Buy Electronics?
Yes, there are fees associated with using cryptocurrency to buy electronics. Network fees are charged for processing transactions, and these vary depending on the cryptocurrency you use. You may also incur additional fees from the seller.
What Are the Security Risks Associated With Buying Electronics With Cryptocurrency?
Using cryptocurrency to buy electronics poses security risks, such as theft and hacks. Be sure to use a secure wallet and stay up-to-date on the latest security protocols.
Cryptocurrency is becoming an increasingly popular way to purchase electronics. It’s relatively straightforward to buy electronics with crypto, either directly from a retailer, with a crypto gift card or with a crypto debit card.
Whether you’re looking for the latest gadgets or just want to save money, buying electronics with cryptocurrency is a great way to do it.
Angel Marinov is the Managing Editor at Coinlabz. With extensive knowledge of crypto payments and blockchain use cases, Angel is a trusted source of accurate and timely information