Bitcoin is a relatively new form of currency, which means that the ways in which it can be used in our daily lives may seem limited compared to regular fiat currencies. This article will highlight some techniques you can use to incorporate bitcoin into your daily routine, including methods to passively earn bitcoin, options for spending bitcoin, and a list of recommended topics and resources to continuously learn about bitcoin.
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Earn rewards
One of the easiest ways to incorporate bitcoin into your daily life involves registering for bitcoin rewards programs. These programs allow you to passively earn bitcoins while conducting regular daily purchases.
Lolli is an extension that can be added to a variety of Internet browsers. When you sign up for Lolli you will be provided with a Lolli wallet. As you shop online at one of their partner stores, your bitcoin rewards will be automatically added to your wallet. Lolli allows you to continue making your purchases in regular fiat currencies, while still receiving rewards in the form of bitcoin. If you do any amount of online shopping and are looking for ways to incorporate bitcoin into your daily life, browser extensions like Lolli are a great way to earn extra bitcoins without even having to think about it. Lolli is currently available to U.S. customers, but the company plans to expand internationally in the near future.
Fold is a mobile/web application that provides you with bitcoin cash-back when you make purchases with your debit or credit cards in one of their partner stores. If you want to spend bitcoins directly, Fold also allows you to transfer bitcoins from your wallet into a digital gift card, or you can pay via bitcoin Lightning Network to earn extra rewards. In addition to cash-back rewards in the form of bitcoin, the Fold app has daily games that you can play to win bitcoins.
Note: As of this writing, many of the browser extensions and web applications that allow you to passively earn bitcoins are focused on US markets and retailers.
Spend Bitcoin
If you’re looking to start spending bitcoin instead of regular fiat currencies, you have a few options. Many large companies are starting to accept bitcoin, but note that payments must be sent via payment processors. Payment processors charge a small fee, usually as a percentage of each transaction, to convert bitcoin into the retailer’s preferred currency. You can also use bitcoin to buy gift cards through platforms like Coincards, Bitrefill, and Fold (as mentioned above), which can be used for online or in-store purchases. Bitcoin is also sometimes a preferred method for charities to receive donations, so if you’re interested in using your bitcoin to donate money, consider looking into which charities accept bitcoin directly.
Read more
Whether you joined bitcoin because
you’re interested in the concepts involved or because you want to make money, you may be looking for ways to keep up to date with the latest bitcoin developments, market trends, and news. There are a few ways to do this, including subscribing to newsletters and listening to podcasts.
To get started, we recommend listening to the weekly Rabbit Hole Recap episode of the Tales from the Crypt podcast, which provides a summary of events in the bitcoin world each week. If you’re looking for more frequent updates, you can subscribe to Marty’s Bent’s daily newsletter, which provides authors with insights into current events in bitcoin and other related areas such as privacy, human rights, and the economy.
Conclusions
Although bitcoin is a relatively new form of currency, there has been a surge in the development of apps, extensions, and news sources that allow you to easily incorporate bitcoin into your daily life.
Depending on why you enter bitcoin, you can choose to use bitcoin for daily transactions, sign up for bitcoin rewards programs, or donate your bitcoin directly to charity. In addition, you can choose to continuously improve your understanding of bitcoin as a digital currency by keeping up to date with recent market trends and news.
