Cryptocurrencies are gaining popularity around the world. In reality, several establishments have begun to accept cryptocurrency payments. But, in India, can we use bitcoin or any other cryptocurrency? While bitcoin is not recognized as legal cash in the country, it can be used for certain transactions. In India, there are three ways to buy products with bitcoin and other cryptocurrencies.
For starters, major corporations such as Microsoft, Shopify, Wikipedia, and AT&T have begun to accept bitcoin as payment for specific services. There are also flight companies that accept bitcoin, such as Norwegian Air Shuttle and Virgin Galactic.
In fact, El Salvador, a Central American country, now recognizes bitcoin as legal cash. It’s even rewarding citizens who switch to the new currency.
Cryptocurrencies, on the other hand, are more of a speculative asset than money in India and many other countries of the world. The Reserve Bank of India has raised grave concerns about cryptocurrency’s impact on financial stability. In addition, a bill to govern cryptocurrencies and their market in India may be passed by the Union cabinet soon.
Thankfully, cryptocurrency is not prohibited in India. Anyone can buy, sell, and exchange cryptocurrencies as a result of this. You can use bitcoins to buy Amazon, Flipkart, and other e-commerce gift cards, pay bills, and more if you have some in your wallet. Continue reading.
1. Unocoin- Buy Gift Cards Using Crypto
Unocoin, one of India’s most prominent crypto exchanges, now allows customers to buy bitcoin vouchers from over 95 different businesses.
Unocoin users can use bitcoin to purchase certificates for travel, restaurants, leisure, apparel, hotels, utilities, and more, with prices ranging from Rs. 100 to Rs. 5,000. You must be a KYC-verified customer with bitcoin in your digital wallet to participate.
To use it, head to the Shop tab in Unocoin. Here you can choose the voucher you want and the amount it will cost. It will show you how many BTC you’ll need to receive that voucher. Then, to acquire the voucher code, click on pay.
2. Bitrefill- Buy Amazon, Flipkart, etc. Vouchers Using Crypto
Bitrefill is a full-fledged cryptocurrency spending platform. With cryptocurrencies such as Bitcoin (BTC), Bitcoin (sats), Litecoin, Ether, USDT, Dash, and even Dogecoin, you may purchase gift cards for a variety of markets.
Using Bitcoin or other cryptocurrencies, you can purchase e-vouchers in a variety of categories, including e-commerce, retail, health, beauty, food, grocery, travel, entertainment, presents, and so on. A few of them are listed below.
Imagine Apple Premium Reseller
DishTV DTH, and more.
You can also use cryptocurrencies to recharge your phone number. Airtel, Jio, Vi, BSNL, and MTNL are all supported.
To make a transaction, first, choose the gift card you’d want to purchase. Choose your desired cryptocurrency and denomination from the available options.
After that, you can acquire your gift card by paying with your wallet.
3. Purse.io- Purchase Amazon Products Using Bitcoin
You may use Purse to order things from Amazon.com and pay using cryptocurrencies. Earners (individuals) who wish to trade their Amazon gift cards for your cryptocurrencies fulfill the orders. In exchange, you will be able to cash out your cryptocurrency and receive a bonus.
How it works:
1 You go to Amazon and choose a product.
2 You add it to your Purse basket and set a discount—the lesser the discount, the better your chances of receiving fulfillment.
3 Add your address when you’ve finished.
4 Make a payment with Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Zcash, and other cryptocurrencies.
If an Earner hasn’t picked up your order, you can change your discount after you’ve placed it.
Purse’ Earner order books list your orders once you place them. Individuals can come here to pick up their orders and swap their Amazon gift cards for cryptocurrency. Purse sends them the cryptocurrency after they place your order and it is delivered.
The purse does not support Amazon.. However, if the seller ships to India, you can still get a thing delivered. However, this may result in an additional delivery fee as well as the expensive custom duty and other fees. Before making any purchase, please do your homework.
4. The Rug Republic- Buy Rugs, Carpets With Crypto
The Rug Republic is a decor firm established in Delhi that sells rugs, carpets, cushions, and benches, among other things. You can pay for your goods with Bitcoin and other popular cryptocurrencies in addition to the Indian rupee.
Crypto payments, on the other hand, have yet to be integrated into the platform. You must contact them via the mechanism provided on their website to make a cryptocurrency payment.
5. Crypto Debit Cards
Another option for spending cryptocurrency is to utilize cryptocurrency debit cards, which allow you to make transactions with both crypto and fiat currencies at the same time.
The Wirex Multicurrency Visa Debit Card, for example, allows you to spend in fiat currencies like EUR, GBP, CAD, CZK, HUF, PLN, RON, HRK, and USD, as well as for cryptocurrencies like BTC, LTC, XRP, ETH, WAVES, DAI, NANO, and XLM.
Bitplastic debit card, MCO Visa card, Binance card, Crypto.com cards, Crypterium Card, Coinbase Bitcoin debit card, Bitpay debit card, and others are among the other alternatives. To obtain yours, visit the relevant websites and verify your eligibility.
These were venues where you could buy Amazon, Flipkart gift cards, and other things with Bitcoin and other cryptocurrencies.