What Can You Buy with Ethereum? 9 Best Things to Spend ETH on
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Ethereum is emerging as a popular payment method across online merchants. The question is: What can you buy with Ethereum?
In this guide, we discuss how to spend Ethereum and the top nine things to buy with this leading cryptocurrency.
Top 9 Things to Buy with Ethereum
Here are some of the best things to buy with Ethereum right now:
- Presale Cryptocurrencies
- Luxury Cars
- Luxury Watches
- Clothing and Accessories
- Property
- Gaming Consoles
- Electronic Gadgets
- Artwork
- Crypto Mining Equipment
How to Spend Ethereum – The Best Things to Buy With Cryptocurrency
The use cases for Ethereum are continually expanding. Crypto holders can trade their Ethereum tokens and buy products and services. In this section, we take a closer look at what you can buy with Ethereum in 2024.
1. Presale Cryptocurrencies
One of the most significant use cases of Ethereum is to buy other digital assets. However, this doesn’t mean ETH holders must engage in trading. Those who prefer a long-term investment strategy can consider crypto presales.
By investing in presales, investors get early access to new cryptocurrency projects before they are launched on public exchanges. This means investors can get new digital tokens at a lower price and potentially reap high returns.
Below, we’ll go over two presale projects with high potential. For more options, check out our guide on the best crypto presales to invest in right now.
Pepe Unchained (PEPU)
One of the ways to invest in presales with Ethereum right now is Pepe Unchained, a cutting-edge Layer-2 blockchain designed for meme coin enthusiasts. Offering speeds 100x faster than Ethereum and minimal transaction fees, Pepe Unchained provides a unique opportunity to earn double rewards by staking $PEPU tokens. Its standout features, such as instant bridging from ETH to Pepe Chain and a dedicated block explorer, significantly enhance the overall investment experience.
By participating in the presale, you gain early access to substantial rewards and the potential for impressive growth. With its innovative approach and robust features, Pepe Unchained is a compelling choice for those looking to diversify their crypto portfolio with Ethereum.
Crypto All-Stars (STARS)
Crypto All-Stars is a great option for investing in meme coins, offering an exciting opportunity to maximize potential returns through its presale. By participating in the $STARS presale, you can purchase this promising meme coin at a discounted price and earn substantial staking yields once the MemeVault feature launches. Holding $STARS will allow you to earn rewards on popular meme coins like DOGE, BONK, TURBO, and SHIB, making it an attractive option for diversifying your crypto portfolio.
During the presale, investors can stake their $STARS for a generous APY of 813%. This rate is dynamic and decreases as more tokens are staked, so acting early is crucial to securing higher returns. Taking advantage of this presale with Ethereum allows you to get in on the ground floor of a potentially high-growth investment.
2. Luxury Cars
The global luxury car market is projected to reach $1.03 trillion by 2031. This increasing demand for luxury collectible cars has encouraged many automobile dealers to accept Ethereum payments. Today, it’s possible to buy everything from budget cars to supercars with Ethereum.
Customers are not required to find a local dealer to buy cars with Bitcoin, Ethereum, and other digital assets, as online platforms make the process simple. Many eCommerce platforms lists cars from leading brands, covering a wide range of luxury and high-performance car brands, including Lamborghini, Tesla, Ferrari, Porsche, BMW, Citroen, Dacia, Toyota, and Ford — there’s something for all budgets and preferences.
For example, we found the highly sought-out supercar, Bugatti Centodieci, listed for $13 million. Cost-effective models, such as the Dacia Sandero and Ford Focus, are also available for less than $25,000. On top of new models, you can also find a great collection of classic vintage cars.
3. Luxury Watches
Many collectors consider investing in luxury watches with cryptocurrencies a smart financial move. This is because some timepieces can appreciate in value over time, making them a worthy addition to any investment portfolio. Brands such as Rolex, Audemars Piguet, Hublot, TAG Heuer, and Cartier are popular choices.
Customers can find rare, in-demand models like the Rolex Daytona Rainbow Pave Factory and the Richard Mille 11-03 Rose Titanium Chronograph. There is also a wide range of Patek Phillip models accessible to Ethereum holders. The price range varies depending on the brand.
For instance, we found a Citizen Eco-Drive Chandler available for just $240. On the other hand, the Richard Mille RM-011 FM ‘Felipe Massa’ Asia Exclusive 50 Limited is listed for $611,800.
4. Clothing and Accessories
The fashion industry is also embracing cryptocurrencies. Luxury brands such as Gucci and PacSun have started accepting Ethereum payments. You can find an impressive selection of clothing and accessories for men and women. This includes activewear, t-shirts, shorts, jackets, dresses, and more. We also found that there are both high-end brands and budget options.
For instance, shoppers can choose between a Burberry Leather Trimmed Hooded Coat at $7,864, or a simple pair of black leggings available for just $20. Customers will also find many choices in the accessories department and a dedicated section for women’s jewelry.
5. Property
Those wondering what can you buy with Ethereum can now invest in the global real estate market. Whether buyers are searching for houses, apartments, or commercial spaces, a growing number of real estate agencies are accepting payments in ETH.
When buying property with crypto, ensure the platform has a dedicated international team to arrange all the legal support required to handle the paperwork. This makes it easier for buyers to navigate different countries’ property and tax laws, all from the comforts of home.
6. Gaming Consoles
When exploring what can you buy with Ethereum, we also came across platforms that sell gaming consoles. Gaming consoles such as PlayStation, Xbox, and Nintendo Switch are in high demand with crypto holders. Customers can also buy gaming laptops, accessories, and individual games.
7. Electronic Gadgets
Those wondering what you can buy with Ethereum will be pleased to find electronic gadgets on this list. You can find multiple categories of gadgets, such as laptops, smartphones, speakers, monitors, drones, printers, and more. Customers can also browse accessories such as USB cables, cases, chargers, and more.
8. Artwork
The global artwork market continues to boom, generating nearly $68 billion in 2022. In fact, many art connoisseurs use their cryptocurrency holdings to invest in new collections. Many art platforms feature pieces from contemporary artists. This includes paintings, photographs, drawings, sculptures, and prints. You’re sure to find something to suit any budget.
Additionally, Ethereum is widely used to purchase digital artwork in the form of Non-Fungible Tokens (NFTs). NFTs represent unique digital assets, often associated with digital art, music, and collectibles. Platforms like OpenSea and Rarible allow users to buy, sell, and trade NFTs using Ethereum.
For example, digital artist Beeple sold an NFT for $69 million at Christie’s, showcasing the high value and growing popularity of NFT art. Unlike traditional art, NFTs provide proof of ownership and authenticity through blockchain technology, making them a popular choice among tech-savvy investors.
9. Crypto Mining Equipment
Wondering how to spend Ethereum to mine cryptocurrencies? If so, it might be time to consider investing in crypto mining equipment, such as ASIC miners developed by Innosilicon and Goldshell.
For example, miners can purchase a Goldshell KD5 Kadena Miner With Power Supply for $20,000 or 15.46 ETH. This is one of the most advanced ASIC miners available today. GPU mining tools are also available, such as GeForce RTX 3080 Graphics Card and the MSI GeForce GTX.
Advantages of Buying Things With Ethereum
Ethereum remains one of the best cryptos to buy; its growing adoption has also encouraged many merchants to accept ETH as payment. There are many benefits to spending Ethereum online, which we discuss below.
1. Global Currency
Ethereum is a cryptocurrency, which means that it can be used to make purchases from anywhere in the world. This is particularly useful for shopping, allowing people to buy products from other countries. In fact, financial experts speculate that the popularity of blockchain payments could threaten SWIFT.
After all, blockchain networks don’t rely on third parties to process transactions. This means cryptocurrencies like Ethereum promote an efficient and decentralized borderless payment system.
2. Speedy Transactions
Using Ethereum also has a significant advantage over fiat money — transactions can be processed within minutes. In fact, ‘the Merge’ has brought down the transaction time of Ethereum to just seconds.
This is much faster than the hours or even days fiat transactions can take to settle. Moreover, the timescales for fiat payments can be even slower when it comes to international transactions, making ETH a much more efficient alternative.
3. High Security
Compared to other payment methods, cryptocurrencies like Ethereum also offer greater security. Fiat payments require personal information, such as credit card details, which can put buyers at risk.
From retailers’ perspective, issues like chargebacks can occur, allowing payments to be revoked after products have been delivered.
In contrast, cryptocurrencies eliminate these concerns by making payments irreversible and not requiring personal identification for transactions.
Is It Safe to Buy Things With Ethereum?
Making payments with Ethereum is highly secure. Ethereum uses blockchain technology, which ensures transparency and security. Each transaction is recorded on a public ledger, making it nearly impossible to alter or forge transactions. Ethereum’s cryptographic security also means that personal information is not shared with the seller, reducing the risk of fraud.
That being said, when considering how to spend Ethereum safely, crypto investors should do their due diligence since not all platforms that accept Ethereum are reputable. Always verify the credibility of the platform. For example, look for well-known platforms like OpenSea for NFTs or reputable online stores that have positive reviews and security measures in place.
FAQs
What can I use my ETH for?
Ethereum can be used to buy thousands of items including other digital assets, watches, smartphones, TVs, and cars.
What can I buy with Ethereum?
You can buy electronics, designer clothing, luxury watches, cars, and more.
Can I use Ethereum to buy things?
Yes, Ethereum can be used to buy products from retailers who accept this asset, including artwork, smartphones, cameras, watches, designer bags, and more.
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