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Futuristic Payment method: How To Pay With Bitcoins

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While the hype of crypto is still there, knowing how to pay with Bitcoins offers extra flexibility and freedom of choice.

Therefore, this comprehensive guide will walk you through the step-by-step process of paying with Bitcoins, ensuring newcomers and advanced users gain valuable insights and practical knowledge.

Whether you’re a curious beginner or a seasoned crypto enthusiast, this article aims to demystify the intricacies of utilising Bitcoin for payments.

Before making Bitcoin payments

No matter what are your needs or lifestyle, you can discover an ideal method for making crypto payments that suits your specific purposes.

However, before you start paying with Bitcoin, you should complete two essential tasks: get a crypto wallet and acquire Bitcoin. These initial steps lay the foundation for a seamless and personalised experience in the world of cryptocurrency transactions.

An Easier Way: swissmoney App
An Easier Way: swissmoney App
Fiat or crypto, Android or iOS we promise you the best Swiss quality experience.
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Get a Bitcoin wallet

The first thing you need is a Bitcoin wallet. It functions as a virtual bank account for storing, sending, and receiving digital funds.

Explore online options to identify a wallet that aligns with your requirements. Opt for a versatile solution.

For example, with swissmoney, you can manage your assets on your laptop and mobile wallet. Moreover, you can have several fiat and crypto wallets in one app.

swissmoney supports EUR, USD, GBP and CHF and these cryptocurrencies: BTC, ETH, USDC, USDT, and TRX.

The swissmoney app lets you pay with Bitcoin and other digital currencies:

  1. Open the wallet of the currency you want to pay in.
  2. Click the arrow, and either enter your Bitcoin wallet address or tap the icon on the right to scan the QR code.
  3. Click Send, and you’re done.

Buy Bitcoin

When you already have a Bitcoin wallet, all you need is Bitcoin. Purchase it online using your credit or debit card, or explore various methods such as trading.

To enhance flexibility, diversify your acquisition channels, as many individuals prefer having multiple monetary avenues for obtaining Bitcoin.

Paying with Bitcoin online

How to pay with crypto

Whether you want to explore the crypto world and experiment with innovative payment methods or are looking for the best way to spend Bitcoin, you can choose from several payment options.

Paying with Bitcoin online

It is not a widespread practice yet, but many businesses are already accepting Bitcoin payments.

  1. When checking out, pick a crypto payments processor as your payment method from the available options.
  2. Begin payment and choose the digital currency (Bitcoin or other) you want to pay in.
  3. Scan the QR code with your phone’s camera or copy the provided Bitcoin address to send funds from your personal wallet app. Validate the payment, and the invoice will instantly reflect the processed payment.

Remember to submit your Bitcoin payment within the 15-minute window. Otherwise, the merchant will need to generate and send a new QR code.

Paying with Bitcoin in physical stores

Using Bitcoin for in-store purchases may be a novel concept in certain regions. However, it is steadily gaining popularity. This method provides a distinctive experience and often facilitates faster transactions, especially in areas where cashless payments are widespread.

If you want to pay with Bitcoin at the store, find one that accepts cryptocurrencies. Look for signs or ask staff if they accept Bitcoin.

  1. At the checkout, tell the cashier that you’d like to pay with Bitcoin or choose the Bitcoin payment option at the self-checkout system.
  2. Read the QR code. The cashier or self-checkout system will provide a QR code for you to scan with your wallet app.
  3. Verify the amount and confirm the payment on your device.

Make a P2P crypto payment

Stay true to Bitcoin’s origins as a fast and secure method for users to send or receive value. Initiating peer-to-peer (P2P) payments is easy through any reliable wallet provider, allowing payments both online and in-person.

  1. Open your crypto wallet.
  2. Input a recipient’s Bitcoin address or scan a QR code if in person.
  3. Enter the amount of the transaction and the specific cryptocurrency being used.
  4. Confirm all transaction details.
  5. Verify that the transaction went through using your wallet or a block explorer.

Pay with a crypto debit card

Crypto debit cards are yet another option for Bitcoin transactions. It’s an easy and especially convenient way to spend crypto, whether you’re shopping online or in person.

All you have to do is load up your crypto debit card with the crypto of your choice, and you’re ready to use it as a regular debit card. Moreover, some crypto cards offer cashback rewards.

Not every financial service provider offers crypto cards. Therefore, check if the one you chose has it.

Before making any Bitcoin transaction with your new crypto card, you need to load it. You can do it by following these steps:

  1. Ensure you have an active wallet with a positive crypto balance.
  2. Get a crypto card.
  3. Tap the card icon on the app home screen.
  4. Load the card using your preferred cryptocurrency.
  5. Use the card as you would any other debit card – whether in-person, online, or at an ATM.

Note that the specific process may vary depending on the card provider.

An Easier Way: swissmoney App
An Easier Way: swissmoney App
Fiat or crypto, Android or iOS we promise you the best Swiss quality experience.
Get it now

Benefits of using crypto to make payments

Bitcoin transactions have many beneficial aspects, making them an appealing option for consumers and businesses. Here are the main advantages that any Bitcoin payment offers:

Cost-effective transactions

Cryptocurrency payments typically involve lower transaction fees compared to traditional banking methods. It is particularly advantageous for international dealings where conventional banking fees can be high.


Blockchain technology ensures the security of cryptocurrency transactions. The decentralised and transparent nature of the blockchain prevents tampering and unauthorised alterations to transaction records and reduces the risk of fraud.

This is especially beneficial when conducting transactions with unfamiliar parties.

Furthermore, any cryptocurrency transaction offers a level of privacy by linking the transaction to a crypto wallet address rather than personal information. This anonymity is appealing to those who prioritise the confidentiality of their financial dealings.

Efficiency and speed

Initiating crypto payments is a simple and accessible process. It eliminates the need for lengthy approvals or cumbersome paperwork.

Moreover, cryptocurrency transfers are often faster than traditional methods, with an average processing time of 15-45 minutes. This speed is especially beneficial for international fund transfers.

Universal acceptance

Bitcoin, as a decentralised currency, is universally accepted without the need for expensive cryptocurrency exchange fees. This makes it convenient for online transactions, as users can use their preferred currency without worrying about conversion costs.

Where can I pay with cryptocurrency?

More and more businesses worldwide have started to accept direct crypto payments. As a result, the payment landscape continually broadens, encompassing various sectors and services where Bitcoin is increasingly adopted:

  • Online retailers
  • Physical stores
  • Travel and accommodation
  • Restaurants and cafés
  • Subscription services
  • Charities

While the number of Bitcoin-friendly businesses increases exponentially, it is advisable to check whether the place or e-commerce accepts Bitcoin or Bitcoin cash.

What fees do I pay when I pay with Bitcoin?

When you send Bitcoin, the Bitcoin network will charge you a fee. Different wallets and networks may have varying fees, and your Bitcoin wallet app will automatically calculate this fee for you.

The best wallets empower you to customise the Bitcoin network fee by deciding how fast you want your transaction to be confirmed.

Živilė Šarkauskaitė

Živilė is a writer with a diverse background, having worked with tech start-ups and pioneering brands across various industries. Her profound interest in progress and innovation drives her to the field of Fintech, a realm that sparks her curiosity and inspires her to share insights with others.

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