Discover how to pay your bills with cryptos

Cryptocurrencies can be a great investment, but that’s not all. Payments are their first reason for existence (they’re money, after all), so, you can actually pay with them in a lot of places and for a lot of services. Shops, entertainment, health, food, transport, lodging, you pick. And, believe it or not, pay your monthly bills with cryptos is also possible.

Energy, gas, Internet, phone, insurances, rents, and even credit cards and taxes are included in the available list to spend your Bitcoin and cryptos. Of course, you can always exchange for your local money in your favorite service, but pay your bills directly with cryptos can be faster and easier. Let’s discover the ways to do it.

Bill payment services with cryptos

Homepage of Living Room of Satoshi, a bill payment service. Screenshot.

Behind the scenes, the company will exchange your cryptocurrency for local money and pay the biller in a maximum of 5 business days. Of course, informing you beforehand about their crypto exchange rates and fees. These usually vary from 2% to 7%, so, you should pick the service wisely. Bitcoin (BTC) is the most accepted cryptocurrency, but a lot of others are available. The list includes Ethereum (ETH), Litecoin (LTC), Tether (USDT), DAI, XRP, and even Dogecoin (DOGE).

Some known services of this type are Bitcoin Well (Canada), Bity (Switzerland), Living Room of Satoshi (Australia), Bill Pay for Coins (USA), and Alfatop (Worldwide, for mobile bills). But always research thoroughly a service before sending any money. They should have clear terms and conditions and show public fees and exchange rates.

Cryptocurrency cards

Homepage of Wirex, a crypto card service. Screenshot.

Additionally, if you’re going to travel, you can save money like this. What these companies do is exchange your cryptos into fiat money at the moment of every payment. So, you don’t need to worry about how to exchange for local money in every country. To order one of these cards, you’ll need to pick a company that suits your needs and it’s available in your country. They very popular in Europe and usually offers multiple cryptocurrencies.

The costs and fees vary from brand to brand. Some of them only ask for a one-time payment to issue and send the card, but others have monthly maintenance costs. The limits and exchange rates are different too, so, don’t forget to check that beforehand. Once in your hands, you can top up your card with cryptos through an app and that’s it. Popular brands are SpectroCoin (Europe), Wirex (EU, UK, and Singapore), Bitnovo (EU), and BitPay (USA).

Crypto-friendly companies/individuals

Enercity HQ. Source: Hannover DE

On the energy sector, we can count Enercity (Germany), Bas Nederland (Netherlands), Eva Energy (Romania), NextGen Energy (New Zealand), and Luzboa (Portugal). On Internet Service Providers (ISP), we have a long list, including WorldStream (Netherlands), Karma, Wisprenn (USA), Zare (UK), Isper (Slovakia), and Travelers Telecom (Worldwide).

Companies like Inguard (USA) and Axa (Switzerland) offer insurances paid with Bitcoin. Meanwhile, others like the real estate Caruso and Vacation Rentals Las Vegas (both in the USA) are renting properties for Bitcoin. In Croatia, around 46 gas stations of the company Tifon are already accepting cryptocurrency payments. In places like Zug (Switzerland) and Miami (USA), pay your taxes with cryptos is available.

Probably, this is just the beginning of paying your bills with cryptos. So, never forget to ask your favorite providers if they already started to accept cryptocurrencies! In the meantime, you can always exchange your cryptos for local money on Alfacash.

Wanna trade Bitcoin and other tokens? You can do it safely on Alfacash! And don’t forget we’re talking about this and a lot of other things on our social media.

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Originally published at https://blog.alfa.cash on April 24, 2021.

We are an eight-year-old and duly regulated cryptocurrency exchange. We offer crypto-fíat and non-custodial transactions, and valuable knowledge in our blog.

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