Where can I spend Bitcoins in 2019

Bitcoin adoption is on the rise — we can see this with the naked eye. But several recent studies have confirmed this statistically, too.

In 2018, the Russian cybersecurity giant Kaspersky and CoinMap independently conducted two studies that showed 700% increase in Bitcoin adoption since December 2013.

Bitcoin adoption is on the rise in the US according to a new research by Coinbase published in June. In the research, aptly titled “The United States of Crypto,” Coinbase used data from public sources, the exchange’s user activity, and a study of 2,000 US internet users conducted by YouGov.

As if this was not enough, Facebook launches Libra soon, and while analysts say it should not have much impact on the Bitcoin price, many believe it will validate the idea of digital currencies in people’s minds, thus pushing the adoption of Bitcoin.

So, a lot of people are spending their coins, but where do they spend them? If you’re looking for good, trusted places that accept Bitcoin in 2019, we have a few picks for you below.

Abelohost

Offshore hosting

If you truly care about privacy and are searching for a reliable hosting compny with a cryptocurrency payment option, an offshore hosting provider in a country with tough data privacy laws is what you need. We’ve found one – AbeloHost. This Dutch provider offers VPN, offshore HDD shared hosting, SSD shared hosting, KVM SSD VPS, offshore dedicated servers with full privacy, unbreakable security, and you can also buy offshore domains — all with Bitcoin. AbeloHost has become a reliable hosting option for those who feel tightened by the strict regulations in countries like the United States. They will let you keep the site online even after receiving a CDSA takedown notice. Read more.

1xBit.com

Online betting

If you are into online betting but is wary of the so-called bookies, unfair betting platforms, cryptocurrency may be a solution. Online betting is a risky business, as bookies are known to modify odds and stats, and use various shady tactics to deter users from winning.

Online betting platforms using the blockchain are a much more secure and transparent environment. 1xBit is one of such Bitcoin betting sites. On 1xBit.com anyone can try their luck to earn Bitcoins or more than 20 other coins, including Ethereum, Dash, and Zcash. The site has a casino, UFC, and betting on live events and virtual games. 1xBit accepts only cryptocurrencies, and all transactions and payments are stored on the ledger so that anyone can verify them but no one can tamper with the data. Read more.

VPN

People who buy VPN just have to do this with cryptocurrency like Bitcoin. Buying a VPN subscription in this way makes for a whole new level of privacy. IPvanish.com may be the best. Everything about this company just evokes trust. Read more on paying for IPvanish VPN with Bitcoin here.

crypto debit cards

Debit cards

And lastly here’s a convenient way to spend Bitcoin – a Bitcoin-enabled debit card that you can use like a regular bank card. You can get Bitcoin debit card from a variety of startups. Here are a few most trusted picks.

Bitpay processed over $1 billion in payments during a bearish 2018. Its prepaid Visa card is tied to a cryptocurrency wallet with instant conversion of BTC and BCH to US dollars and other fiat currencies. But Bitpay’s card is available to US residents only.

Wirex is the first choice for many Europeans. The UK-based startup offers a physical Visa debit card which comes with chip and PIN. The card is currently available to residents of the European Economic Area with Iban support. However, the company plans to launch its card in North America and Asia, too.

For those living in Russia, Cryptopay is a good choice. The startup offers cards in both virtual and physical form. The latter has a chip and costs $15.

And for those in Asia, Crypto.com, a company in Hong Kong, announced in October its MCO Visa cards for customers in Singapore. Crypto.com later revealed the cards would be issued in the US through a partnership between its Florida-based affiliate Foris Inc. and Metropolitan Commercial Bank, New York.

 

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According to a report released on Monday by the Department of Justice (DOJ), the dark web marketplace Silk Road was connected to more than $3.36 billion worth of Bitcoin. Following James Zhong’s Friday guilty plea to one count of wire fraud, who was in charge of receiving the 50,676 Bitcoin in September 2012, the US Attorney’s Office made the disclosure. One Bitcoin was valued at about $10 ten years ago.

The only larger Bitcoin seizure in DOJ history, which ranks second, was the recovery of 94,000 stolen coins during the 2016 Bitfinex attack. Those coins were valued at around $3.6 billion when they were recovered. The maximum sentence for Zhong’s alleged offense is 20 years in jail.

“For almost ten years, the whereabouts of this massive chunk of missing Bitcoin had ballooned into an over $3.3 billion mystery,” stated U.S. Attorney for the Southern District of New York Damian Williams. The lawyer said that law enforcement discovered the funds by employing “cryptocurrency tracing” and “good old-fashioned police work.”

Zhong is accused of using a trading strategy in September 2012 to steal Bitcoin from Silk Road without selling or purchasing any genuine goods from its marketplace. Before its inventor, Ross Ulbricht, was given a life sentence in jail in 2015. At that time, the black market was widely used for trading illegal narcotics and other products. The DOJ alleges that Zhong deceived Silk Road’s withdrawal processing system into releasing 50,000 bitcoin into his several accounts by swiftly initiating over 140 back-to-back transactions while remaining anonymous.

By hanging onto his previously stolen Bitcoin five years later, Zhong purportedly also acquired an equivalent sum of Bitcoin Cash (BCH), a hard-forked form of Bitcoin intended for increased scalability. According to the DOJ’s statement, he sold that BCH at a foreign cryptocurrency exchange for an additional 3,500 Bitcoin. Even though Bitcoin addresses are essentially anonymous, every transaction is tracked on its widely accessible blockchain. Intelligence services can thus use sophisticated methods to determine the origin of such coins.

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