Write an article based on this "Trade your Bitcoin for other cryptocurrencies. Make online purchases using Bitcoin. Convert your Bitcoin into gift cards. Pay for services or subscriptions with Bitcoin. Hold your Bitcoin and wait for its value to increase. Make charitable donations in Bitcoin. Find local merchants who accept Bitcoin."
Some of the newer cryptocurrencies, such as Ardor, can only be bought with another cryptocurrency. Trading your Bitcoin enables you to diversify your cryptocurrency holdings. If you want to trade cryptocurrencies, consider an exchange such as Abra, which allows you to have multiple wallets on the same account. That way, you can more easily manage multiple types of cryptocurrency, as well as fiat currency, without having to transfer between multiple exchanges. Many online retailers and service providers, including Overstock, Microsoft, and Newegg, accept Bitcoin as payment. When you're browsing an online shopping site, look for the Bitcoin logo. Many vendors on Etsy and Shopify also accept Bitcoin payments. The number of retailers and service providers that accept Bitcoin is growing every day, so if one of your favorite sites doesn't accept Bitcoin now, that might change. You may also want to send a suggestion to their customer service center requesting that they accept Bitcoin. Led by the website Gyft, there are many gift card websites that accept Bitcoin as payment for gift cards to major online and brick-and-mortar retailers, including giants such as Amazon, Starbucks, and Target. Some websites, such as Gyft, offer discounts and rewards to customers who purchase gift cards using Bitcoin. Online services such as VPN networks, domain name registers, and internet service providers often take Bitcoin payments. Many websites also allow you to use Bitcoin to buy subscriptions or premium services. The online dating site OkCupid accepts Bitcoin payment. You can also subscribe to Bloomberg, the Chicago Sun-Times, and other online newspapers. If you have a blog on WordPress, you can use Bitcoin to pay for additional services and blog options. Because cryptocurrencies are volatile, holding Bitcoin as an investment can be fairly risky. However, if you're willing to watch the market carefully, you may be able to make a profit. Be wary of companies or websites that claim they will double your Bitcoin, offer you a high interest rate, or help you invest your Bitcoin to great profit. Most of these sites and companies are scams or pyramid schemes. You may see a good rate of return for a few months, but then it will drop to nothing. You can day trade with Bitcoin just as you would day trade with stocks or other commodities. However, this is a method that requires knowledge and practice to be successful. There are numerous charities and nonprofit organizations that accept donations in various cryptocurrencies, including Bitcoin. Many of these organizations, such as the Electronic Frontier Foundation (EFF) and The Internet Archive, are dedicated to freedom on the internet. Before the 2017 holiday season, Bitcoin published a list of 15 nonprofit organizations that accept Bitcoin donations on its news site at https://news.bitcoin.com/fifteen-ways-to-donate-bitcoin-to-charity-this-season/. While the transaction costs and slow confirmation times make Bitcoin an inconvenient payment method for brick-and-mortar merchants, there are still some who accept it. However, there are still major retailers who accept Bitcoin payments. For a mappable list of retailers who accept Bitcoin payments, visit https://coinmap.org/welcome/ or https://bitcoin.travel/. As with online retailers, look for the Bitcoin logo alongside the logos of major credit cards on the door of the shop or by the register.