Cryptocurrency marketplaces to buy and trade goods and services with bitcoin are on the rise. With more platforms gaining popularity in 2021, you might be wondering which platforms you should be using. A shortlist of the most highly recommended platforms has been included below.
Cryptoexchange.com is a marketplace, escrow service, and cryptocurrency exchange. The multi-uses of this platform make it great for beginners who want to make large cross-border payments but don’t yet have any cryptocurrency. The platform allows users to purchase bitcoin, Ethereum, XRP, and Litecoin. Users can deposit funds into their digital wallets and use them later on the marketplace to purchase real estate, watches, domains, and exotic cars. Buyers can use the built-in escrow service when transacting with users they don’t know, whether these users are currently listing products on Cryptoexchange.com or not. Escrow services ensure the safety of both parties involved in the transaction.
Olodolo is a platform that allows users to shop from AliExpress with their cryptocurrencies. AliExpress is known by many as the cheaper Amazon with longer wait times. However, users can get a variety of household items that make the platform broad in utility. On the Olodolo platform, users can paste a link from AliExpress or include the product ID. Users complete the payment through the aggregator, Coinpayments.net, to provide their delivery information.
The platform has many benefits, including live support and shipments that extend just about anywhere you can think of. However, a major limitation is that prices, availability, and exchange rates may change significantly in the time it takes for the Buyer to complete the transaction. If the price change is drastic, the platform may not complete the transaction. In this case, users will receive their funds back in their wallets, although they will leave empty-handed.
3. Rayder’s Goods
Rayder’s Goods is an online marketplace launched at the end of December 2020. The store is based in Sydney, Australia, and accepts payment for coins in bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash and promises to accept currencies like Dogecoin, Tether, and Stellar in the future. Users can browse through various offerings, including technology, watches, eyewear, gift cards, and other digital downloads.
Shipping costs and discounts will depend on the product. Rayder’s Goods will automatically apply these fees at the time of checkout. The platform is brand new and currently has few reviews. Before use, consumers are encouraged to do some additional research to guarantee the trustworthiness of the platform.
PayWuzz is an online marketplace selling Internet Packages, PLN tokens, and online game vouchers. The platform was established in 2018 as a start-up focused on Distributor, Server, and Agent Credit Services. PayWuzz focuses on providing the best service experience and building an efficient automation system that makes cryptocurrency purchases easy for customers. Users can pay with bitcoin, Litecoin, Ethereum, Dash, Monero, Zcash, Dogecoin, and Ripple.
Shopify is known as one of the largest eCommerce platforms for users to start small businesses. Although the marketplace itself isn’t new, its ability to facilitate merchant payments in bitcoin, Litecoin, Ethereum, and nearly 300 other cryptocurrencies is a little more recent. Unfortunately, a specified list of Shopify stores that will accept bitcoin is not available. Therefore, users will need to browse the Shopify marketplace to determine just what they can spend their bitcoin on.
6. Crypto Emporium
Crypto Emporium is a cryptocurrency exchange with an extensive electronics collection and other miscellaneous items, including robot vacuum cleaners, custom stamps, and neck massagers. The platform is said to leverage industry contacts and trade agreements to source the products available on their website. Users can purchase from this platform with bitcoin, Litecoin, Ethereum, Verge, and Dash. Prices are calculated based on the currency of the Buyer’s choice. At the time of checkout, users will also see a shipping estimate.
Reviewing your options
The list provided is far from comprehensive but can provide a good basis for marketplaces and products available for purchase with popular cryptocurrencies. Before making any purchases, users need to do additional research on safety protocols and third-party review sites to guarantee their funds are in safe hands.