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Do you own some Bitcoin and would like to put your peer-to-peer digital cash to use? Or do you hate to see an altcoin sitting idly in your portfolio and want to get something nice? With this guide by the ChangeHero team, learn what to expect from purchases with BTC and other crypto assets and what you must know before getting to it.
Key Takeaways
- Before you make purchases with Bitcoin or other cryptocurrencies, you’ll need to set up an account with a payment provider or an exchange. For even better security, set up a self-custody wallet and acquire cryptocurrency to top it up.
- Making a direct cryptocurrency transfer is simple but requires the point of purchase to accept crypto payments. Alternatively, you can use a debit card or crypto app that will convert your holdings at the checkout to pay with cryptocurrencies anywhere.
- Users opt to make digital currency payments to protect their privacy or as an alternative payment method. On the flip side, the drawbacks include hurdles necessitated by compliance and price volatility.
Before You Start: Acquiring Crypto and Setting Up a Wallet

It takes no genius to know that before being able to make a Bitcoin payment, you would need to get your hands on BTC. You can do it on a cryptocurrency exchange, although this is not the only option.
Another thing to iron out before concerning yourself with crypto payments is a wallet. Depending on how you choose to top up your balance, it might be the first step even before you buy cryptocurrency. A crypto wallet is a prerequisite for alternatives to exchanges, such as peer-to-peer markets or fiat-to-crypto purchase points.
If you are choosing a cryptocurrency wallet app specifically to make purchases, a few features that can become handy are QR code scanning, replace-by-fee (RBF), and adjustment for transaction fees. Ideally, it should support most major blockchain networks and conversion between them.
If you need help setting up a crypto wallet app, check out our guide to crypto wallets! For a step-by-step guide on buying Bitcoin on ChangeHero, see the article about our fiat-to-crypto partner FinchPay. And while you’re at it, you can read up on how BTC transactions work because you might need this knowledge to understand Bitcoin payments.
How Do You Pay With Cryptocurrency?
There are two principal ways to use crypto as a payment method. A direct payment requires the recipient to set up a blockchain address or a crypto payment gateway. You can pay with Bitcoin anywhere with a crypto debit card but it comes with a set of its own perks and pitfalls.
Direct Payment

- First, make sure the merchant can accept crypto as a payment method. If you don’t have a specific store in mind, you can find one in online repositories such as Cryptwerk.
- At the checkout, when you choose to pay with Bitcoin or crypto, you will be provided with a recipient address as a string of characters or a QR code. Make sure this address is on the same network as the cryptocurrency you intend to use — otherwise, your transfer will be lost for good.
- Open your wallet app and proceed to send the necessary amount of digital currency. You will need an Internet connection to broadcast the transaction to the blockchain. Copy the recipient’s address from the checkout or scan the QR code with a smartphone.
- Most crypto wallets add the optimal transaction fees to the amount of transfer. If your app supports it, you can increase the fee so your transaction gets processed faster on the blockchain. It can be necessary if the merchant puts a timer on a transfer, to prevent price slippage.
- Some blockchain networks process transfers slower than others. Sending an ERC-20 token on the base layer can take a few minutes while Bitcoin transactions take up to an hour to be considered completed. L2s and alternative networks speed things up but not all of them are widely supported on the merchants’ side.
Alternatives: Crypto Debit Cards and Apps
- Some virtual asset service providers offer debit cards (usually Visa) and virtual accounts that can be topped up with cryptocurrencies. With such a card, you can pay with crypto anywhere your card or APM is accepted. However, regional restrictions may apply.
- By design, these methods are custodial, meaning you entrust your crypto balance to the operator. This presents a risk of losing access to all funds in that account.
- Crypto cards and payment apps convert your cryptocurrency at the current market rate to fiat money at the checkout for a fee. Therefore, in addition to slower processing time, paying with a crypto card incurs additional costs and volatility risks.
Delving Deeper into BTC Payment Methods

What is a BTC payment method? Simply put, it’s any system that allows you to use your Bitcoin to purchase goods or services. The most common BTC payment methods include direct wallet-to-wallet transfers, payment processors that implement cryptocurrency payment buttons, and crypto debit cards. Each Bitcoin payment method offers different benefits in terms of speed, privacy, and convenience. When considering what Bitcoin payment is, you need to understand that Bitcoin online payment systems work by validating transactions on the blockchain, creating a secure and transparent record of the exchange.
Many online merchants now integrate a crypto payment button on their checkout pages to cater to clients willing to pay in cryptocurrencies. These buttons streamline the payment process, automatically generating the necessary wallet addresses and payment amounts and presenting them to the user. Thanks to more crypto payment button options than ever, making payment in cryptocurrency nearly as seamless as traditional payment methods. Pay via crypto options these days are increasingly available, as more businesses set up crypto merchant accounts to include digital currency payments.
Risks and Benefits of Paying with Bitcoin
Pros of Crypto Purchases
Even these days, paying with digital currencies is more often a choice than a necessity. So why do people go out of their way to make purchases with cryptocurrency over more traditional payment methods?
One considerable argument in favor of it is privacy. It is far from being as anonymous as cold hard cash but leaves less of a digital footprint than bank account records. And before you even think it means crypto enables financing crime, the transparent nature of most blockchains makes it even less fitting for criminals than the same cash.
Sometimes users choose to send cryptocurrency because other payment methods are not available to them. APMs can seem ubiquitous until you know that most of them operate in just a few countries.
And speaking of international shopping or cross-border transfers, digital currency often has fewer fees and hurdles. Crypto transactions require a minimal amount of information and are jurisdiction-agnostic. A service provider can ask for additional identifying information for compliance purposes. Still, it won’t give them as extensive a profile as the information attached to your card and bank account.
Last but not least, it can simply be a conscious choice based on one’s view of crypto and blockchain. If we want more points of purchase to accept crypto, why not be the change we want to see in the world?
Cons of Bitcoin Transactions
The reasons that accepting Bitcoin is not universal yet are still plenty. Ironically, most of them are the other side of the coin that makes users go on a crypto journey.
Because the transaction details are pseudonymous, unless advanced blockchain analysis is used, it is hard to tell if the funds have previously been involved in illegal activity or come from a sanctioned entity. For merchants, this presents a risk of becoming complicit in crime, so they have to filter the transfers and identify clients.
Sometimes, sending crypto directly is more economical than using other payment methods but not always. If you compare it to a remittance, sure, it’s quicker and more economical to just send Bitcoin.
But in an imaginary situation when you try to use it in brick-and-mortar stores, if a quicker payment option is available, waiting for ten minutes just to see the payment confirmation is not the most convenient method. There are quicker and cheaper networks but they are even less widespread and more prone to price volatility (unless you use stablecoins).
And speaking of volatility, cryptocurrency prices and rates can change dramatically: both the short and long-term change is a problem. Due to short-term volatility, merchants and gateways often need to impose a time limit, and it is not always enough to send payment.
As for the change in the long term, a lot of crypto assets strive to have low inflation, which discourages spending. Seeing the dollar amount on the purchases made months ago can be eye-watering if the asset’s price has risen since then. So why transfer Bitcoin if you can just hold it and see the value grow?
How to Pay Someone in Bitcoin?
It’s OK to wonder how to pay someone in Bitcoin if you have never done it before. Practice would be your best teacher but if you want to know how the process to pay someone with crypto goes, it is quite straightforward. You’ll need their Bitcoin address, which is a string of alphanumeric characters or a QR code.
How do you pay with Bitcoin, step-by-step:
- Open your Bitcoin wallet application
- Select the “Send” or “Pay” option
- Enter the recipient’s Bitcoin address or scan their QR code
- Enter the amount of BTC to send
- Review the transaction details, including fees
- Confirm and send the payment
The transaction will then be broadcasted to the Bitcoin network for confirmation. This part is usually quick but the real wait starts when you will be waiting for it to be approved by miners. Depending on network congestion and the fee you’ve set, this could take from a few minutes to an hour.
If you want to know how to pay for something with Bitcoin, the process follows the same basic steps whether you’re paying an individual or a merchant in bitcoins. The key difference is that with merchants, you’ll often find more streamlined options, but it never hurts to know how to pay with Bitcoin online regardless.
How to Pay with Bitcoin Without a Wallet

Can you pay using Bitcoin without jumping through the wallet-related hoops? Technically, you don’t need a self-custody wallet of your own if you know you can’t be trusted with keeping private keys securely stored. However, the Bitcoin network is peer-to-peer, so you can only pay with BTC without a wallet of your own from someone else’s wallet. Hopefully, these examples will clear it up:
- Use a custodial exchange account that offers payment services
- Utilize payment platforms that hold your crypto for you
- Use Bitcoin ATMs for certain transactions
These methods often come with additional fees and potentially less security, but they provide options for how to pay using Bitcoin when you don’t have or prefer not to use a traditional wallet.
How to Use Crypto to Buy Things
For example, how do you buy stuff with Bitcoin? Roughly, the steps of how to buy something with Bitcoin are:
- Find retailers that accept cryptocurrency payments
- At checkout, select Bitcoin or cryptocurrency as your payment method
- The merchant will provide a wallet address or QR code
- Send the exact amount required from your wallet
- Wait for transaction confirmation
Many online retailers now make it easy to buy stuff with Bitcoin through integrated payment systems.
How do you pay with other crypto? Generally, the process is exactly the same, just make sure the point of purchase gives you the option. Some digital currencies may ask you to provide extra details such as a memo to help them not lose your payment.
These instructions should have shown you the general idea of how to buy stuff with Bitcoin. Let’s briefly discuss how to pay in cryptocurrency other than BTC.
Alternative Cryptocurrency Payment Options
ETH Payment Method
What is ETH as a payment method? Similarly to Bitcoin, Ethereum (ETH) can be used for transactions wherever merchants accept it. The steps to how to pay with Ethereum are nearly identical to Bitcoin payments discussed above, though transaction times may differ due to network differences.
Ethereum has an edge over Bitcoin thanks to its wide variety of Layer-2 (L2) networks that make sending ETH cheaper and quicker. Bitcoin also has Lightning Network and other L2s but their adoption is more limited.
For merchants looking into how to accept Ethereum payments, integrating a cryptocurrency payment gateway is often the simplest option. The user will get the option to use more coins in payments from a single cryptocurrency payment button that will guide them through a process.
How to Pay with Litecoin, USDT and Even More Cryptocurrencies
For those interested in how to pay with Litecoin or how to pay with USDT (Tether), probably unsurprisingly by now, the process follows similar steps as Bitcoin payments. Litecoin offers faster transaction times than BTC, while USDT is basically the US dollar in a crypto token wrapping.
To pay with these alternatives:
- Ensure the merchant accepts the specific cryptocurrency
- Follow the same process of sending to their wallet address
- Be aware of the specific blockchain network requirements
How to Spend Bitcoin and Other Cryptocurrencies
Can you spend cryptocurrency if you no longer feel like holding it instead of selling? How to spend Ethereum on things other than gas? If you know your basics about payments but would like to learn more about these answers, this guide is for you.
How do you spend Bitcoin or other crypto effectively is a whole other question:
- Research merchants that accept your preferred cryptocurrency
- Consider using crypto debit cards for broader acceptance
- Look into specialized platforms for specific purchases
- Explore options to pay bills with crypto
How to find where you can spend cryptocurrency? Where can I pay with Bitcoin? Services like Cryptwerk maintain directories of merchants accepting various cryptocurrencies.
Get Paid in Crypto
Instead of spending, looking into options how to get paid in cryptocurrency yourself? As digital assets become more mainstream, options for receiving crypto payouts are expanding. To get paid in Bitcoin or a crypto of your choice:
- Set up a secure wallet to receive crypto payments
- Provide your wallet address to payers
- Consider using invoicing services that support cryptocurrency
- Be aware of tax implications in your jurisdiction
If you’re exploring how to get paid in crypto, learning the basics probably wouldn’t cut it, especially for a business. Luckily, many providers offer gateway options that convert clients’ payments or let you keep crypto on your balances or even in your wallets.
Pay Bills with Crypto

Can you pay bills with Bitcoin? There aren’t plenty of options but you definitely can. Several services now allow you to pay bills with crypto, from utilities to credit cards.
- Find a service that facilitates bill payments using cryptocurrency
- Connect your accounts or provide bill details
- Select which cryptocurrency to use for payment
- The service converts your crypto and pays the bill on your behalf
This option provides flexibility for those who prefer to hold crypto assets but need to meet regular financial obligations.
Receive Crypto Payments for Businesses
For merchants looking to expand payment options, learning how to receive crypto payments can open new customer segments. Implementing payment buttons for cryptocurrencies on your website with setting up a crypto merchant account allows businesses to tap into the growing digital currency market.
Benefits for businesses accepting cryptocurrencies payments include:
- Lower transaction fees compared to traditional payment processors
- No chargebacks
- Access to a global customer base
- Brand differentiation
Cryptocurrency payment methods can be implemented through specialized payment processors that handle the technical aspects and often provide options for automatic conversion to fiat currencies.
Conclusion
At the end of the day, having the option to pay with BTC is nice! After all, it is the intended purpose of most cryptocurrencies, and although priorities shifted as crypto assets found a new niche, remembering where the “-currency” part comes from is not a bad thing.
If you’re looking to explore how to pay in Bitcoin or other crypto, the options continue to expand. As cryptocurrency payment methods mature, paying with crypto will likely become as seamless as traditional payment methods, while retaining the unique benefits of blockchain technology.
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Frequently Asked Questions
What is the best crypto payment method?
The best crypto payment method obviously depends on your needs. Direct wallet transfers offer more control and potentially lower fees, while crypto debit cards provide wider acceptance. For privacy, direct crypto payments are preferable, while for convenience, payment processors or debit cards may be better.
How can I pay for something with crypto?
To pay for something with cryptocurrency, you can use a digital wallet to send the required amount to the recipient’s wallet address. Input the recipient’s wallet address, specify the amount to send, and complete the transaction. Ensure that you have sufficient funds in your wallet and double-check the recipient’s address before confirming the payment.
How do you use cryptocurrency to pay?
To use cryptocurrency for purchases, find a merchant or platform that accepts crypto payments, select the items you want to buy, and choose the option to pay with cryptocurrency at checkout. You will receive a wallet address or QR code to send the payment from your crypto wallet. Once the transaction is confirmed on the blockchain, your purchase will be complete.
What is crypto payment?
Crypto payment refers to the use of digital currencies like Bitcoin, Ethereum, or stablecoins to purchase goods or services. These payments utilize blockchain technology to transfer value directly between parties without intermediaries like banks. Crypto payments can be processed through various methods including direct wallet transfers, payment processors, or crypto debit cards.
Can you pay with crypto on PayPal?
When using PayPal at the checkout, if you have a sufficient balance in Bitcoin, Ethereum, Bitcoin Cash, or Litecoin, you will get prompted to Checkout with Crypto (available in the US). Choose one of the currencies to cover the eligible purchase and confirm. There is no explicit conversion fee for Checkout with Crypto but the conversion spread is covered in the exchange rate in the app.
Can I pay my credit card with cryptocurrency?
Yes, some platforms like BitPay allow you to pay bills with crypto including your credit card bill. These platforms act as intermediaries, converting your cryptocurrency into fiat currency to settle your credit card debt. It’s important to research and choose a reputable platform for this service.
How do you use crypto to pay for things?
To use crypto to buy things, find a merchant or platform that accepts the cryptocurrency you have. Initiate the payment using your crypto wallet by sending the required amount to the merchant’s wallet address.
How do I pay with crypto anywhere?
To pay with cryptocurrency anywhere, use a cryptocurrency debit card that converts your crypto into fiat at the point of sale. Alternatively, some merchants directly accept cryptocurrency payments through digital wallets or payment processors that support various cryptocurrencies.
What app can I use to pay with crypto?
You can use apps like BitPay, Coinbase Card, or Crypto.com to pay with cryptocurrency at merchants that accept digital payments. These apps allow you to convert your crypto into fiat for transactions.
How can I get paid through Bitcoin?
To get paid through Bitcoin, you can provide your Bitcoin wallet address to the person or company that wants to send you payment. They can then send the desired amount of Bitcoin to your wallet address. Make sure to use a secure and reputable wallet to receive payments.
How do I pay with Bitcoin without a wallet?
To pay with Bitcoin without a wallet, you typically need a payment processor or service that allows you to make Bitcoin payments directly from your account on their platform. Some platforms or services may also offer the option to pay with Bitcoin using a credit or debit card. However, it’s generally recommended to have a Bitcoin wallet for better security and control over your funds.
How do you convert crypto to cash?
You can sell your Bitcoin or other cryptocurrency on a crypto exchange that supports fiat currency withdrawals and then withdraw the cash to your bank account. Alternatively, use a Bitcoin ATM to sell your Bitcoin for cash by sending your Bitcoin to the ATM’s specified address and collecting the cash dispensed by the machine.
Can I use Bitcoin to send money?
Yes, you can use Bitcoin to send money to anyone with a Bitcoin wallet. Transactions are typically faster and cheaper compared to cross-border remittances or traditional banking methods.
How to pay someone in crypto?
Choose a digital wallet that supports the specific cryptocurrency you want to use. Acquire the cryptocurrency you want to use, then find a party that accepts cryptocurrency and send the payment using their unique address.
Can you be paid in cryptocurrency?
Yes, it is possible to be paid in cryptocurrency. Cryptocurrency payments provide a digital and decentralized method for receiving funds. Many individuals and notable businesses now accept cryptocurrency as payment.
Who accepts cryptocurrency as payment?
Many online retailers, such as Overstock and Shopify, accept cryptocurrency as payment. Some major companies, like Microsoft and Expedia, also allow customers to pay with cryptocurrency. Additionally, certain restaurants, bars, and even some universities now accept cryptocurrency for payments.