Cryptocurrencies are so often discussed in terms of their investment potential, it is easy to forget that you can actually buy things with them. However they are currencies and as such can be exchanged for goods and services! So the purpose of this article is to show you who and where accepts Ethereum for payments.
Ethereum is a relative newcomer, compared with the likes of Bitcoin. It was launched July 30th 2015, so is only three years old at this point. As such, you may expect that adoption of Ethereum to be much lower than that of Bitcoin. To some extent this is true, there are certainly fewer places that will accept Ethereum transactions than Bitcoin transactions. However, for such a young currency, Ethereum is very popular. At the time of writing, it is ranked third in terms of market capitalisation, with only XRP and Bitcoin above it.
Ethereum’s rapid rise to fame came because, for many, it represented the next step in the evolution of blockchain technology. It took the central idea of Bitcoin and ran with it. Bitcoin is limited – it can only really function as a digital currency. However, blockchain can do far more than just underpin a currency.
Without going too deep (see our complete guide to Ethereum for that), the technology underpinning Ethereum makes it more than a currency, something more akin to a globally dispersed and shared computer. This has fuelled both Ethereum’s popularity as a digital currency and a whole raft of products that utilise Ethereum’s underlying technology.
Furthermore, compared to Bitcoin, Ethereum payments can be processed very quickly, allowing for much faster merchant consumer interaction.
All this means that, in 2019, there are plenty of ways to spend your Ethereum.
Key Info – Looking To Spend Your Crypto Millions?
- Private Islands
Work Out What You Will Spend Your Ethereum On
For all your supercar, private island and yacht needs, look no further than Moonassets.io – a platform that only accepts cyptocurrencies. In many ways, moonassets is kind of like every cryptocurrency trader’s ultimate fantasy, allowing you to deck yourself out with super luxury items like the Wolf of Wall Street, all priced up in crypto.
Currently, Moonassets lists prices for all its supercars, yachts and private islands in either Bitcoin, Ethereum or US dollars. However, when it comes time to buy, they only accept Bitcoin or Ethereum. This makes Moonassets unique – the only luxury goods site that deals exclusively in cryptocurrencies. At the time of writing, you could pick up a Ferrari California for just under 1240 Ether.
Even if luxury items aren’t your thing, this site is well worth a look for its audacity. It’s certainly something and is the only place on the internet you can buy an island with Ether.
Key Info: Spend Your Ethereum On…
- Threads to ensure you look fly.
At the other end of the spectrum, we have overstock.com. Started in 1999, Overstock is no stranger to ecommerce. Selling homeware, furniture, clothes, jewelry and a host of electronic gear, you can pretty much buy everything you would ever need on their site. They are based in the US, but will do international shipping.
Central to Overstock’s persistent popularity with online shopper is the value the offer. There are a lot of great deals to be had here. Also, they have always been quick to adopt new internet trends and kept abreast of major shifts in ecommerce over the last two decades. This has lead them to accept cryptocurrencies as payment. In fact, they were the first major retailer to accept cryptos as payment, way back in 2014. Then, in 2017 they announced support for Ethereum, meaning that you can now pay on their site with Ether.
1000 Eco Farms
Key Info: Eat Your ETH
- Get all the nutrition you need thanks to Ethereum.
The one thing that has yet to feature on this list: groceries. However, if you head on over to 1000ecofarms.com, you can even buy fresh food with your cryptocurrencies! The site essentially pools together a host of ecologically friendly farms, allowing you to buy local organic food. Most of its user base are in the United States, although there are some participating farms in Europe, Asia and Africa. The system has payments going straight to farmers, and allows those payments to be in Ethereum, Bitcoin and other popular cryptocurrencies.
Also, in 2017 1000 Eco Farms launched a partnership with the Food Coin – a blockchain ecosystem that is tied to agriculture and food production.
- Get bulk discounts on useful items and pay in ETH.
- Request items and Peddler will pool orders together to get you the best price.
Peddler.com uses the idea of collective bargaining to get great deals on all kinds of products. You can either browse peddler for current deals that they have, or can request something that you can’t find on their site. These requests are pooled together, so that peddler can negotiate bulk deals, resulting in savings for the consumer.
Peddler currently allows payments in Bitcoin, Ethereum and Litecoin.
- Use your Ethereum to buy gold and silver.
- Get straight up bullion or numismatic coins.
Bitcoin is sometimes described as ‘digital gold’, due to its portability, divisibility and limited supply. However, if that’s not authentic enough for you, you can buy real gold with your cryptocurrencies from Bitgild.com.
Bitgold sell precious metals like gold and silver, rare coins and other collector’s pieces. They also accept a selection of cryptocurrencies: Bitcoin, Litecoin, Ethereum and Ripple. They aren’t new to the crypto game either, and have been accepting cryptocurrency payments since 2013.
As any economist will tell you, no currency is truly valuable until it can be exchanged for pizza. Luckily for those of us involved in the world of cryptocurrencies, Pizzaforcoins.com allows you to order pizza and pay in crypto. They have been accepting bitcoin since 2013, although following a partnership with the crypto exchange Shapeshift they now boast acceptance of fifty different cryptocurrencies. So of course, you can buy pizza with your Ethereum!
Finally, there’s Bigcoin.io. This is an online platform that allows you to pay with cryptocurrencies on a huge range of sites, including Amazon and Ebay. Bigcoin act as an intermediary between you and the site, allowing you to pay pretty much anywhere with cryptos.
The full list of cryptocurrencies they accept is: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, Monero, Binance Coin and Dai.
Bigcoin do charge a fee for this service though, meaning that in most cases it is probably cheaper for you to buy using regular currency.