How do I buy crypto?

If you use a crypto exchange such as Coinbase or a financial tech firm such as PayPal, buying crypto can be straightforward: You can pay in U.S. dollars and receive the equivalent value in the digital currency you choose. Then, you can view your balance as you would a bank or investment account balance.

How many crypto users are there?

At last count, there were more than 20,000 cryptocurrency projects worldwide, and there are now around 295 million crypto users in total, according to Debthammer, with 20% of them located in the U.S. If you’re interested in buying cryptocurrency, you need to open an account with a crypto exchange.

What luxury retailers accept cryptocurrency as payment?

Some luxury retailers accept crypto as a form of payment. For example, online luxury retailer Bitdials offers Rolex, Patek Philippe, and other high-end watches in return for Bitcoin. Some car dealers – from mass-market brands to high-end luxury dealers – already accept cryptocurrency as payment.

Can you buy products from e-commerce websites using crypto?

Even so, it is possible to buy a wide variety of products from e-commerce websites using crypto. Here are some examples: Several companies that sell tech products accept crypto on their websites, such as newegg.com, AT&T, and Microsoft. Overstock, an e-commerce platform, was among the first sites to accept Bitcoin.