What can you do with the purchased crypto?

Nowadays, it is not possible to pay directly with cryptocurrencies in a regular grocery store, cafe, or restaurant. However, owners of any cryptocurrency can use it in the following ways:

Exchange for real money with a profit: This is the exact reason why most people invest in crypto. Suppose you have a lot of knowledge and experience in this sphere. In that case, you can recognize periods when a certain digital coin will increase in value, purchase some amount of this currency, make a profit, and then convert the crypto back into any fiat currency to spend it as you like.

Shop online: Nowadays, more and more companies accept crypto payments to maximize their profits. You can already pay with Bitcoin or Ethereum for services and goods from such companies as Shopify, Microsoft, Starbucks, CheapAir, Twitch, and so on.

Make private transactions: Suppose a person who you are making a large deal with also trades and owns cryptocurrency. In that case, you can possibly agree on a digital payment in order to get rid of any questions from your bank about the purpose of the transit and claims for the possible non-payment of taxes.

Tip to your favorite artist, author, or streamer: Many young celebrities are enthusiastic about the technology and virtual currencies field, so some of them accept crypto donations.

Invest in start-ups: There are a lot of crowdfunding platforms that accept cryptocurrency payments. If you choose a really prospective project and help the founders financially, not only will you fulfill their dream, but you will also make a great profit if the product is successful. 

Buy real estate, a luxury car, or a piece of art: There are already crypto platforms for buying exclusive luxury items, including sports cars of different manufacturers, luxury real estate in different countries, paintings, and other works of art.

Deposit to Crypto Savings Accounts / Staking for passive income: Today, leading cryptocurrency exchanges and platforms offer various products for earning interest on digital assets. Services such as Staking, Crypto Saving Accounts, Crypto Interest Accounts are considered risk-free products that guarantee you regular passive income from cryptocurrencies and stablecoins.

For example, with CoinDepo, you can securely store your digital assets in Compound Interest Accounts and are guaranteed to earn from 12% to 24% per annum without the risk of volatility, depending on the type of crypto asset and interest account you choose. Today it is without exaggeration the best offer on the market.

Conclusion

As you can see, cryptocurrency is not as useless in the real world as it may seem. It can be utilized in many ways by investors of various classes, regardless of their monthly income or total worth.