What Can You Buy with ETH?
Ethereum (ETH) is one of the most popular cryptocurrencies out there. As the Ethereum blockchain supports a wide range of applications, the opportunities for investors are enormous. But can you use your ETH to buy something in the real world?
Well, of course you can! In this blog, we will explore Ethereum’s applications. We will also take a look at some ETH-backed tokens. And finally, we will take a look at products or services that you can buy in the physical world with ETH.
So, without wasting much time, let’s dive in. But first, let’s get to some basics.
What is Ethereum?
Ethereum is the world’s second-largest blockchain. Its smart contract functionality makes it extremely popular and unique. Today, developers are using it to create a wide range of applications like decentralized finance (DeFi) and dApps. Recently, however, Ethereum(ETH) has become a mainstream payment option for people. So, what exactly are people buying with Ethereum in 2024? Let’s find out.
What you can buy with Ethereum?
1, Ethereum-based Tokens and Coins
This is one of the most popular ways to use your Ethereum. There are multiple ETH-backed tokens and coins out there. You can buy any of them using Ethereum. You can do so by swapping your Ethereum with other tokens on platforms.
Another option is to buy new cryptocurrencies in the presale stages. This way, you can utilize your Ethereum and might get a chance to invest in something that has immense growth potential!
Here are some popular cryptos that you can buy with Ethereum:
- Uniswap (UNI)
- PlayDoge (PLAY)
2, NFTs, and Digital Collectibles
Non-fungible tokens (NFTs) are a massive part of the Ethereum ecosystem. And then after a massive correction in 2023, NFT markets are on the rise again. So, if you love digital art, music, or virtual real estate, you can buy them with your ETH.
There are a lot of platforms like OpenSea and Rarible for buying NFTs. These are Ethereum-backed platforms and, hence, a lot more reliable. You, Ethereum, are the backbone of the NFT market, especially platforms like OpenSea and Rarible. All you have to do is connect your Ethereum wallet to this platform, and you are ready to roll. Ethereum is the most preferred payment option for a lot of NFTs. The reason is that its smart contract feature offers secure ownership transfers.
For instance, digital artist Beeple famously sold an NFT for over $69 million, a sale conducted via Ethereum. While such high prices are not very common, there are quite a lot of buying opportunities for all.
3, Digital Collectibles and In-Game Items
These are some of the most popular products bought via Ethereum! Gaming platforms are quickly adding Ethereum as a payment option for their in-game asset sales. Some games offer collectibles, too. For example, you can purchase a load of things like lands and avatars with your ETH. Now, if you are wondering why you should buy some random gaming add-on via Ethereum, you are missing the point! If the particular game gets popular, things like certain avatars and virtual lands in it grow in valuation. You can resell them and get good returns.
Enough with the virtual world. What about the real world? Can you buy anything with ETH in the real world? Well, the answer is YES! Let’s take a look.
4, Physical Goods
There are various types of physical goods you can buy with Ethereum in 2024. There are a lot of sellers out there who accept Ethereum payments. So here are some examples:
Electronics and Gadgets
A lot of big online retailers like Newegg accept Ethereum from their customers. You can buy a new smartphone, upgrade your laptop, buy a gaming console, or even laptop accessories via such platforms. As they accept Ethereum payments, the number of customers is going up every year. Then, there are other eCommerce platforms, such as Online Car Stereo. They accept Ethereum payments, too. You can buy steroid equipment, speakers, music systems, and other stuff via Ethereum.
Fashion and Apparel
Wouldn’t it be great if you could buy all the trendy apparel with your Ethereum? Well, there are a lot of luxury brands that actually accept Ethereum payments! For example, you can buy from Gucci and Pacsun, which accept Ethereum. Whether it’s high-end clothing or any other accessories like shoes, purses, or wallets, these platforms allow you to pay via Ethereum. So, these fashion brands are an excellent place to spend your Ethereum.
Home Goods and Furnishings
Want to add some home décor products? Well, you can use your Ethereum to buy top-end home décor, furniture, and more stuff on platforms like Overstock. These platforms sell everything from dinner sets to couches. The best part? They are more than happy to accept Ethereum payments.
5, Digital Goods and Services
Apart from physical goods, you can do a lot of digital stuff via Ethereum. For example:
E-books and Online Courses
A lot of edu-platforms like Coursera and Udemy have started accepting Ethereum payments. These guys know that the future is bright from cryptos like Ethereum. Moreover, they are quite safe against inflation. So they accept Ethereum payments if you buy stuff like e-books, audiobooks, or even courses.
Software and Digital Subscriptions
Do you trade and invest a lot in Crypto? Well, you’ll need crypto tax software to calculate your taxes. And you can buy them with your Ethereum! There are certain companies that offer crypto tax software and accept Ethereum. Moreover, you can buy subscriptions to certain platforms like Twitch and NordVPN via Ethereum. To be honest, the utility of Ethereum as a payment mode is extensive in the digital domain.
Streaming Services and Digital Content
There are numerous streaming services that are more than eager to accept Ethereum payments. For example, you can subscribe to Twitch with your Ethereum. There are tons of other platforms where you can view digital content and pay with Ethereum. The best part? The number of such platforms is rising continuously as more and more people are now using Ethereum for payments.
6, Gift Cards and Vouchers
Retail Gift Cards
Looking for some retail gift cards for Amazon and Walmart? Well, you can buy them on Bitrefill as it accepts Ethereum payments. This is a major development. As you can use your gift cards (purchased via Ethereum) to buy any product available in these stores, it bridges the massive gap between Ethereum holders and traditional commerce. In short, these platforms make it easy to convert ETH into daily-use products. This is a major victory for cryptocurrencies as they are practically replacing fiat currency for daily transactions.
Restaurant and Food Delivery Vouchers
You can also buy food delivery vouchers for platforms like Menufy and Takeaway.com as they accept Ethereum. Imagine, paying for your lunch and dinner via a cryptocurrency! The future is already here.
7, Travel and Accommodation
This is something that might revolutionize the use of cryptos like Ethereum. Millions of people travel across the globe every year. Now, what if they would not have to carry and convert fiat currencies? Well, websites like CheapAir and Travala are making it possible. They are allowing users to book flights, hotels, and even vacation rentals with their Ethereum!
Flights and Hotels
Travala and CheapAir accept Ethereum to book flights and hotels worldwide. You can plan your entire vacation without ever needing to convert your ETH to fiat.
Car Rentals and Transportation
Platforms like Crypto Car Rental and certain ride-sharing services accept Ethereum for car rentals and even ride payments, making it easier to travel crypto-first.
8, Real Estate
Ethereum’s use in real estate is growing. Some real estate agencies and platforms allow you to purchase property using ETH, streamlining the process for buyers and sellers.
Platforms like Propy enable users to buy homes and commercial real estate using Ethereum, making large-scale purchases much more accessible.
9, Online Marketplaces
Crypto-Specific Marketplaces
Some marketplaces like Crypto Emporium and BitDials accept solely cryptos like Ethereum for payments. You can buy a wide range of products from here. For example, they sell luxury watches, electronics, and more and accept Ethereum payments.
Mainstream E-commerce Platforms
Some mainstream eCommerce platforms like Overstock have started accepting Ethereum payments. This is a win-win situation for both. The platform gets more customers, and customers can use their accumulated Ethereum. Such transactions are making Ethereum a primary mode of payment at a certain level.
10, Charitable Donations
Many charitable organizations now accept Ethereum for donations. This allows you to support causes worldwide in a transparent and efficient way.
Some platforms even provide tax benefits for donations made with Ethereum, offering crypto holders a seamless way to contribute to meaningful causes.
Where to Buy Ethereum?
Now, this is a big question! There are tons of places where you can use Ethereum. But there are certain things that you have to keep in mind. You should buy Ethereum from a reliable, safe, and trustworthy platform. There have been instances where the big exchanges have failed to safeguard their customers’ crypto assets. In some cases, Ethereum buyers pay a lot more price than the actual price of Ethereum while buying.
To avoid such issues, we strongly recommend that you should go for boutique crypto exchanges. These exchanges offer top-quality customer services, accurate pricing and military-grade security to for the users. So make sure you utilize their boutique services and get the most out of your investments.
Wrapping Up
Ethereum usage as a payment method is growing constantly. Result? A lot of people are participating in Ethereum buying. And this is an excellent news for the Ethereum itself. Why? Well, the more people join the blockchain, the stronger it becomes!
We hope this guide has offered you quite a lot of information on what you can buy with Ethereum. So don’t wait; grab your Ethereum and go on a shopping spree! For more information, feel free to visit our website.
