Here are the main categories of businesses where you can pay with ETH: 1 eCommerce: you can buy all sorts of items with Ethereum from electronics to pet food, and even cannabis seeds. Book a hotel, flight, or car rental — or even charter a private jet. Gift cards are a clever way to use ETH for payments on websites that don't accept it directly, such as Amazon.
To find out who accepts Ethereum, you can browse various merchant directories like Cryptwerk but keep in mind that they aren't always up-to-date. Shopping for fashion, homeware, and lifestyle items with Ethereum. Furniture, rugs, bedding, mattresses, plus some jewelry and other items — all with free delivery in the US. T-shirts, hoodies, backpacks, mugs, water bottles, mousepads and more — all with crypto designs.
Our favorite is this face mask with an Ethereum logo:. The unique chemistry and science-themed t-shirts by the Swiss designer Simon Lang, who is also a chemical scientist. How about a beach towel with a periodic table of elements or a beautiful DNA ring? Pay with ether for your holidays. Note that most travel platforms that accept crypto work with large regular aggregators, using their database and booking infrastructure.
They are essentially resellers, so their prices include a commission, plus a fee charged by the cryptocurrency processing provider. With around 20 coins accepted, it's one of the most crypto-friendly travel sites out there. Rent cars from Avis, Hertz, Sixt, Budget, etc. Online travel agency with a focus on Asia. Many IT companies accept ETH because their target audience tends to be tech-savvy and familiar with crypto.
It also offers domain names, a site builder, VPS hosting, and more. Protect your data when using public WiFi, access blocked sites, and stay private online. Get domain names like. Buy electronics, gadgets, and hardware. Ergonomic desks, chairs, and accessories that help you work more efficiently from home. Premium-quality headphones and amplifiers. Buy a gift card with Ethereum to shop on Amazon. Amazon doesn't accept ETH payments but there is an easy workaround.
Of course, you can give a card to another person as a real gift. Gaming sites that support ether. Hundreds of online casinos and betting sites accept Ethereum. Hardware crypto wallets are essentially a USB drive device.
They are small, waterproof, virus-proof, and regarded by many in the industry as the best place to ensure that private keys—the critical data used to authorize transactions on the blockchain network—are safe and secure. These wallets are offline, making them harder to hack than a computer or smartphone, and can be bought fairly easily, with various prices depending on the features that they offer.
These coins are quite impressive to look at and can be used to store digital currency. Each one contains a unique address and a redeemable private key, which is located underneath the tamper-proof hologram. Aside from functioning as a useful storage device, these coins have also become collectibles, meaning that there is a chance that they will appreciate in value. Giving cryptocurrency to loved ones is usually not a taxable event.
Unless the transfer exceeds the gift tax allowance, the Internal Revenue Service IRS only needs to be alerted when the asset is eventually sold by the recipient and a capital gain or capital loss is realized. If the recipient sells the gift within one year at a profit, they will have made a short-term capital gain , which is taxed as ordinary income. Beyond that date, it becomes a long-term gain, which is taxed at lower capital gains rates. The size of the gain is determined by how much was paid by you, the donor.
Make sure that you record how much you paid for the gift, as well as how much it was worth when you transferred it. A capital loss is only registered if the asset is sold for less than both what it was initially bought for and its fair market value when it was gifted. Thankfully, QR codes can remove the stress of inputting these characters—which, if typed wrong, could effectively mean sending money to the wrong person. Generally, it can take anything from seconds to a few minutes for the transfer to go through.
One of the best options is to buy a hardware wallet. These readily available USB drive devices are small, waterproof, virus-proof, and widely regarded as the safest way to store cryptocurrencies. Internal Revenue Service. Will I recognize a gain or loss when I sell my virtual currency for real currency? How do I determine if my gain or loss is a short-term or long-term capital gain or loss?
How do I calculate my gain or loss when I sell virtual currency for real currency? How do I determine my basis in virtual currency that I received as a bona fide gift? Your Money. Personal Finance. Your Practice. Popular Courses. Investing Cryptocurrency. Part of. Digital Holiday Gift Guide. Part Of. Key Takeaways Cryptocurrency gifts can function as a speculative investment or simply as an equivalent to cash to buy things online. These digital assets are now fairly easy to buy and gift.
Options include purchasing a gift card or using a cryptocurrency exchange. Until the recipient decides to sell, cryptocurrency gifts are not taxable events as long as they are less than the annual gift tax exclusion amount. Can I gift cryptocurrency?
How do you send cryptocurrency to someone? How do I gift a crypto wallet? Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
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eGifter sells eGift Cards from over nationally known brands. Almost all of our eGift Cards can be purchased with ethereum. You can purchase gift cards from. The service helps users trade Amazon, Ebay, Steam, Google Play, and Apple gift cards for either Nigerian naira or BTC and ETH. Gift Off: the quick and easy way to buy + digital gift cards with Ethereum. Earn 2% of selected purchases back in loyalty points.