Beyond constant trading to make a profit, one of the primary reasons cryptocurrencies were developed is to be used as anonymous payments. This reason isn’t talked about enough, especially as the media mostly focuses on the rise and fall in prices. Beyond a doubt, prices are important, but it is also important that you know how to make online payments with cryptocurrency as it gains more popularity and traction.
Cryptocurrency could be quite complex to understand, but using it as a means of payment is as easy as it gets. Want to shop online using crypto? We’ll walk you through how.
Shopping online using crypto
In the early days, sending a cryptocurrency involved writing command lines on your computer and possibly programming a transaction. However, that process is much simplified today as you can easily make use of apps like Bitmama to send and receive crypto. Generally, some platforms accept direct crypto payments (supported coins are usually stated), while others only accept stable coins like USDT, which is equivalent to the dollar at every point in time.
On one end, the platform states the supported coin and possibly automatically converts it to the actual cost of the product. On the other hand, they simply state the payment in dollars and indicate that they accept USDT as an alternative payment. For the former, you need to pay directly from your crypto wallet by transferring to that of the company while the other allows direct payments through virtual cards loaded with a stablecoin.
Where can you shop online using crypto?
Although still in its early adoption stages payment-wise, there are a couple of places you can shop online using crypto. These include:
- Paypal
- Microsoft
- AT&T
However, you can easily shop online using crypto on platforms that accept debit cards through virtual crypto cards. These cards are loaded with a stablecoin (e.g. USDT) and used as debit cards for payment. Popular platforms you can shop on or make payments using crypto include:
What are the pros of paying with cryptocurrency?
Some of the advantages of paying with cryptocurrency include:
- Anonymity
- Lower transaction charges
- Shop from anywhere in the world
- Global coverage and availability
Exciting Read – Buy XLM in Nigeria – The best place to buy Stellar is Bitmama
How to shop online using crypto
Follow the steps below to shop online using cryptocurrency:
Step 1: Create a Bitmama Account
Download, register and log into your account on the Bitmama app, click on ”Cards” and navigate to the Cards page, a pop-up box will display showing that you need to verify your account to level (3) three to create virtual cards.
Step 2: Complete your verification until level 3
Navigate to the verification page in your ”Account” section. Click on the verification button to submit the necessary documents for your verification up to level 3.
Step 3: Create a Bitmama virtual card
Return to the home page after completing level 3 verification. Click on “Create a New Card” to see available Bitmama crypto cards in different colours. Select your preferred card with its transaction limit per month. Then, navigate to the next step to make payment for the card issuance, choose your payment wallet and enter your 6-digit pin to complete your payment.
Step 4: Fund your Bitmama virtual card
Proceed to fund your virtual card through your Bitmama wallet. Note that Bitmama virtual card uses USDT stablecoin.
Step 5: Enjoy unlimited shopping
Visit the platform you wish to shop from and make payment using the card details provided on your virtual card.
With Bitmama virtual card, you can shop online with crypto on any platform of your choice. It allows you to make local and international payments from anywhere in the world with a single click. Get started by downloading the Bitmama app for Android or iOS today.
