Hello everyone, in this article we going to cover the topic. What can I buy with cryptocurrency in India 2023? So, over the past few years, Cryptocurrency has grown as a store of value and undergone upgrades to improve its transaction processing capabilities in India. Various businesses in India now accept Cryptocurrency as a payment method, both in-person and online.
One of the most famous stories of Laszlo Hanyecz a Florida programmer bought two Papa John’s pizzas and paid 10,000 Bitcoins. This was the first time when someone bought something with crypto. At that time, 10,000 Bitcoin were worth approximately $41, and since then, the cryptocurrency has surged by over by more than 5000%.
There are many things you would never have imagined you could purchase with cryptocurrency. It’s not just legal; it’s fun to purchase those items with cryptocurrency. Some of them are listed below.
- Cryptos are also used as a medium of exchange to buy some interesting items.
- It is not legal tender in most countries, but some luxury items like watches and cars can be purchased with cryptocurrencies.
- Cryptocurrencies have created a whole new market.
In our day-to-day lives, most of us use traditional currencies to pay for products and services, be it by card, cash, or even our phone. But now, you can pay for a wide variety of things using Bitcoin, the world’s first and most valuable cryptocurrency. So, what can I buy with cryptocurrency in India 2023?
Things You Can Buy Using Cryptocurrency in India
India is slowly building the idea of accepting it as a legitimate payment method. There are quite a few web hosting companies that accept Bitcoin payments in India. One such company is Namecheap, and others include HostWinds, and Hostinger among with many others, this was just an Example dive in and see what you can buy.
Books and Study Material from Sapna Online
It’s a books and study material store in Bengaluru that advertises itself as ‘India’s Largest Online Book Mall. It offers over 10 million Ttitlesacross various languages. The site also offers over 10,000 audiobooks alongside electronics, electronic accessories, toys, and healthcare products. And yes, you can buy everything on Sapna Online with Bitcoin.
Mobile Recharge Through Zebpay, Unocoin Wallets
It is one of the most popular things to do via mainstream mobile wallets like Paytm, and phone pays wallets. Zebpay and Unocoin offer mobile recharge through their wallet. They are two of the several India-based cryptocurrency wallets to offer mobile recharges for prepaid numbers and bill payments for postpaid ones.
Pizza, ice cream, beauty and health products, home appliances
Using these vouchers from Zebpay and Unocoin you can buy pizza from Domino, ice cream from Baskin and robin, beauty and health products from Himalaya, and even home appliances from prestige. This is the first time that a virtual currency is being used in India for paying for goods and services.
Anything on Amazon
It sounds good but in reality, you cannot buy anything directly from amazon with the help of cryptocurrencies. While Amazon doesn’t accept cryptocurrencies directly, you can use a service called Purse to convert your e-monies to Amazon gift cards that can then be used to buy products on the e-commerce platform. With this technique, you can shop from Amazon.
Conclusion
What can I buy with cryptocurrency in India 2023? There are many things you can buy with your cryptocurrency in India. The only thing is you have to find, which crypto exchange support this payment system in this above article we come to know that ZebPay and Unocoin are exchanged that support payment system. Also is very risky if you are new to it. Many other countries are accepting crypto payments for various things like cars, motorcycles, hosting, pizza, etc.
Frequently Asked Questions
How to buy Bitcoin in India?
First of all, you need to find a Crypto trading Platform that is easily available on the play store. You will then be required to fill in your bank account details and complete your KYC following which you can set up your account and add funds via UPI/NEFT/RTGS/IMPS. A pan card and a valid address proof are the primary requirements for KYC. once you are done with documentation, deposit the fund and add crypto in your crypto trading app.
Is crypto good for beginners?
Crypto is very risky for beginners because it is a highly speculative area of the market, and many retail traders invest their money in crypto just to get quick returns. The best advice for a beginner is to start small and only use the money which you can afford to lose.
