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What can you buy with Ethereum in 2024
Ethereum is the second largest cryptocurrency behind Bitcoin and spending ETH has never been easier. This guide explains what you can buy with Ethereum and looks at the best places you can purchase products and services using crypto.
How to buy with EthereumCopy link to section
There are three main ways you can spend Ethereum online and in-store. The easiest way to buy with Ethereum is to use a crypto debit card. You can also buy gift cards with your ETH, or spend directly from your Ethereum wallet. Here’s a closer look at each method.
Ethereum debit cardCopy link to section
As mentioned, the easiest way to buy using Ethereum is to use a dedicated crypto debit card. An Ethereum debit card links a crypto wallet to a physical or virtual card. You can then use your debit card to make purchases online or in-store. Ethereum debit cards operate the same way as traditional debit cards; most are either Visa or Mastercard.
Ethereum gift cardCopy link to section
Another option is to buy a gift card with Ethereum. There are lots of websites that sell crypto gift cards for many of the world’s largest brands and businesses. For instance, you can use Ethereum to buy an Amazon gift card, a Domino’s gift card, a Playstation gift card, and more. You can then use these cards to purchase goods at the relevant store.
Ethereum walletCopy link to section
The most direct way to buy with Ethereum is to use your wallet. You’ll first need to find a merchant that accepts crypto payments. Some companies only accept Bitcoin, but many also let you pay using ETH. Once you’ve found a merchant you can transfer ETH from your wallet to theirs.
What can you buy with Ethereum? 7 ways to spend Ethereum in 2024Copy link to section
You can buy almost anything with Ethereum thanks to crypto debit cards. Real estate, cars, jewellery, groceries, and more are all available to buy using your ETH. Below we’ve taken a closer look at some of the best things you can buy with Ethereum in 2024.
CryptoCopy link to section
Ethereum is the native currency of the Ethereum blockchain which hosts thousands of decentralised applications and crypto projects. You can use Ether to buy other cryptocurrencies, presales, and stablecoins. You can do this on the best Ethereum exchanges.
NFTsCopy link to section
The Ethereum blockchain is home to many popular NFT projects and marketplaces. If you’re looking to diversify your portfolio, spending ETH on NFTs could be a good option. You can buy NFTs like Bored Ape Yacht Club, CryptoPunks, NBA Top Moments, and many more using ETH on the best NFT marketplaces.
DeFi appsCopy link to section
Decentralised finance (DeFi) runs on the Ethereum blockchain, where Ether serves as the native currency. You can use Ethereum to access and purchase financial services from the best DeFi platforms. For example, you can earn interest by lending your ETH on apps like Aave or Compound Finance.
Real estateCopy link to section
Many companies now let you buy property using crypto, specifically Bitcoin and Ethereum. Websites like Cryptorealestate list thousands of homes located around the world which can be bought using Ethereum. Cryptoemporium is another marketplace where you can buy luxury real estate using crypto.
CarsCopy link to section
One of the most popular real-world purchases using crypto is automobiles. High-end cars like Lamborghinis and Ferraris can be bought using Ethereum. Several leading auto dealerships now accept crypto as a form of payment. You can even bid on rare vehicles using crypto at auction houses like Southbys.
TravelCopy link to section
Cryptocurrency-friendly travel agency Travala accepts Ethereum as payment for booking flights, hotels, vacation rentals, activities, and more. You can pay for travel to over 230 countries with Ether and other leading cryptocurrencies like Bitcoin. Over 3 million travel products are available through Ethereum payments on Travala.
Gift cardsCopy link to section
Exchanging your Ethereum for gift cards is one of the easiest ways to spend your ETH in stores and online. Ethereum gift cards can then be used to buy many different products and services. You can buy a crypto gift card to spend at stores Amazon, Uber, Sony, Playstation, Hotels.com and more.
Where can you spend Ethereum?Copy link to section
The number of companies that accept Ethereum as a form of payment has been increasing in recent years which means you can spend ETH almost anywhere. Below is a selection of some of the most popular places where you can spend Ethereum.
|Hotels and flights
|Ethereum gift cards
|Clothes (Miami only)
|Fast Private Jet
|Private jet hire
How to spend Ethereum. A step-by-step guideCopy link to section
Before you spend Ethereum you’ll need to buy some. We recommend eToro as the best broker to buy Ethereum. Once you’ve bought your ETH, use the guide below to learn how to spend Ethereum.
Step 1. Get an Ethereum walletCopy link to section
You’ll need to get an Ethereum wallet which will allow you to buy, receive, and send ETH. There are many different types of Ethereum wallets available and you can use our guide on the best crypto wallets in 2024 to find the most suitable option for you.
Step 2. Buy EthereumCopy link to section
If you don’t already own any Ether, you’ll need to buy some to spend it. You can use a crypto exchange or crypto broker to make your purchase. If you’re a beginner, our guide explains exactly how to buy Ethereum. Alternatively, use any of the buttons to buy Ethereum from the best crypto platforms.
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Step 3. Spend Ethereum with a participating merchantCopy link to section
Now that you’ve bought some Ethereum and have a dedicated wallet, you’re ready to start spending. There are three main ways to spend Ethereum and our short guides below explain each one.
- Shop with retailers who accept Ethereum. Lots of well-known retailers including Starbucks and AMC Theaters now accept Ethereum through partnerships with crypto payment processors. Simply select the Ethereum payment option at checkout or scan the QR code to pay from your Ethereum wallet app.
- Spend on an Ethereum debit card. You can spend directly from your Ethereum debit card which is linked to your Ethereum wallet. These cards work in the same way as a traditional debit card which means you can usually spend anywhere where Visa or Mastercard is accepted.
- Buy a gift card with Ethereum. Some crypto exchanges let you swap Ethereum for gift cards which can then be used with leading brands. Gift cards work just like regular gift cards and can be used with big-name companies like Uber and Amazon.
Why should I buy products and services with Ethereum?Copy link to section
There are many reasons you may want to buy with Ethereum. Not only are transactions processed faster than traditional methods, but fees are usually lower too, especially for larger transactions. Here are some reasons why you may want to consider spending ETH.
- Security. Transactions processed using Ethereum occur on the blockchain, which is decentralised and immutable. This prevents double spending, or transactions from being reversed.
- Speed. Ethereum allows for near real-time payments and settlements. Often transactions are settled in as fast as 15 seconds, but usually under 2 minutes. This is substantially faster than using traditional banking methods like wire transfers.
- Low fees. When spending money with traditional banking methods, transaction fees can be hefty, especially if sending money internationally. The standard ETH transaction fee is very low, usually under $1.
- Privacy. Ethereum is a transparent blockchain, however you can use privacy solutions to help provide anonymity for your payments. Wallets like Metamask offer a privacy setting to help keep your holdings and transactions private.
Is spending with Ethereum legal?Copy link to section
Yes, in most countries, spending with Ethereum is entirely legal and is treated in the same way as traditional payments. Spending or accepting properly reported Ethereum for goods and services is now recognised under the legal framework for cryptocurrencies in leading economies like the USA, Canada, the UK, EU, Australia, Japan, and many other countries.
Bottom lineCopy link to section
Over the past few years, the adoption of cryptocurrency around the world has made it easy to spend digital currencies like ETH. Some of the world’s largest companies Like Microsoft now accept Ethereum as a form of payment.
As the popularity of crypto grows, and more people become aware of the industry, the number of merchants accepting payments in digital currencies will likely increase.
Before you start spending your ETH, you should remember that many experts expect its value to increase substantially in the coming years, so spending now, may result in missed profits down the line.
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