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But are there real-world applications forcryptocurrencybeyond trading it?
There are, and you could start with something as mundane as paying your bills.
Heres what youneed to know about how to pay your bills with cryptocurrency.
What Is Cryptocurrency?
There are several different cryptocurrencies.
Some of the most popular include bitcoin, dogecoin, litecoin, and ethereum.
you could buy or sell crypto using U.S. dollars or most other currencies.
The price of each cryptocurrency will fluctuate daily, and this volatility is one of the drawbacks of crypto.
double-check you understand the cost of the punch in of crypt youre buying.
Crypto Wallets
Youll need a wallet to hold your cryptocurrency.
There are hardware (cold) and software (hot) crypto wallets.
Hardware wallets are physical devices, similar to a USB drive or a hardware safe.
Trezor, Blockstream, and Ledger are companies that make hardware crypto wallets.
Software wallets are provided by crypto apps like Coinbase, Binance, and Trust Wallet.
Several crypto apps are specifically designed for paying bills.
BitPay and CoinGate are two examples.
Binance has BinancePay for bill payments.
Questions To Help You Out
Can I use crypto to pay my bills?
How do I convert my crypto to cash?
How do you use cryptocurrency for payments?
Do banks accept crypto as payment?
Most U.S. banks do not accept cryptocurrency as payment, but this is changing.
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