It's not just from home that you can pay in a digital cryptocurrency when shopping online. Even on vacation, you always have the practical e-wallet on your smartphone with you, so you can quickly check the current Bitcoin rate in real time at any time. Ethereum is also a widely used cryptocurrency, as you can see on coin-ratgeber.de can be read, which is being accepted by more and more providers on the Internet.
There is a large selection of different online games of chance that are legal in Germany, such as sports betting, table games like in the casino, lotteries, slots and many more. If you pay attention to crypto prices when paying out your winnings, you can easily make more out of your capital.
What you can expect:
Book your vacation online and pay in cryptocurrency
It doesn't take much to be able to pay for your next trip entirely in a digital currency. Using an e-wallet such as Paypal, you can easily select coins as a payment method, as well as credit card payments or collection via SEPA mandate.
The American financial service provider has not only expanded its offering to include some digital cryptocurrencies, but also offers flexible financing options. For example, when you book your flight, hotel and rental car, you can arrange up to 24 monthly installments to pay off your next holiday trip with Paypal.
Benefit from rising Bitcoin prices while on vacation
If you don't want the stress of having to constantly check daily stock prices while on vacation, you can simply hold Bitcoin & Co. using a leverage function. Such options are then sold automatically as soon as a certain value is reached. On the other hand, such leverage also works in trading.
If the Bitcoin price falls to a certain value, the holdings are automatically sold out of the portfolio. However, such trading tricks that ensure rest and relaxation on vacation are only suitable for experienced investors and carry the risk of financial losses.
With volatile cryptocurrencies, surprising price jumps can always occur during vacation, from which investors benefit if they can sell their tokens in a timely manner.
This means you can buy cryptocurrencies in a relaxed manner even on vacation
If you are traveling to a holiday destination with a time difference, you must adhere to the opening times of the various crypto exchanges when buying cryptocurrencies in order to be able to trade without additional costs. Here Xetra publishes the currently valid trading times for the digital trading venues and the regional trading floor in Frankfurt.
In principle, you can take part in auctions in the fully electronic trading system Xetra every day until 22 p.m., but the Frankfurt Stock Exchange's hours apply until 17:30 p.m. for bond trading.
If you don't want to miss out on cheap trading prices on a long-distance trip, you can simply set an alarm in your cell phone. Using a functional trading app from the online broker, you can also take a quick look at the current daily price figures while on vacation.
Pay contactless on vacation with a digital currency
Google Pay, which can be used on any smartphone regardless of manufacturer, offers a simple and contactless payment option for the supermarket checkout. Just like with a debit card, you can pay simply by placing your mobile phone near the sensors of the cash register system.
Google Pay then debits the respective amount in the desired currency, but fees may apply for switching to cryptocurrencies, just like paying with a credit card. Through the American software giant Google, it is also possible to buy Bitcoin and other cryptocurrencies while on vacation if you get too itchy due to constantly rising prices.
These are the most popular exchanges for Ethereum, Bitcoin & Co.
From this Infographic from Statista Binance, Huobi Global and Coinbase Pro were among the most used crypto exchanges in the comparison period. However, based on daily trading volume, Kraken, Bitfinex and Bithump are also popular with crypto holders. There are several other trading platforms that also support rare coins or trading with NFTs.
The amazing thing about crypto trading is that the digital Frankfurt Stock Exchange Xetra only has an extremely small market share of global crypto trading. If four billion dollars are traded here in coins and tokens, in comparison it is almost 28 billion dollars on the Finance crypto exchange.
This clearly shows that the market for cryptocurrencies takes place primarily abroad, making the trading hours in the respective countries interesting for investors on vacation. You already know this from trading crypto at home from your sofa, but the different time zones can cause a certain amount of confusion while on vacation.
Is investing in digital currencies still worth it in 2023?
Analysts not only deal with current market trends in order to be able to make targeted forecasts for certain stocks and funds. There are also regular price forecasts when it comes to trading Bitcoin and other popular cryptocurrencies.
In the summer, Bitcoin was worth $60.000, with prices in the second and third quarters of 2023 being in the $25.000 range. Crypto trading is likely to be exciting for the rest of the year.
If you don't want to rely solely on favorable times of day for buying and selling digital assets, you should also look in the international daily press for economic news that is useful for price developments. However, Bitcoin & Co. are considered to be extremely volatile, which is why it is not possible to predict accurate price developments in the short or medium term.
Creative tips from the editorial team for even more fun while traveling
Here in our posts below Life & Living you will find many exciting suggestions on how you can sweeten a rainy day on vacation. You don't just have to stay stupidly in the hotel room and stare at the current Bitcoin prices. Even with a small DIY gift, the time goes by much faster, and you can also make lots of great little things on the way there.
But be careful: In distant foreign countries, certain healing substances can be bought cheaply in a cryptocurrency that is not allowed to be imported into Germany. Even within the EU, where you can easily drive an electric car on the roads, the legal regulations are not uniformly regulated.
Anyone who goes on holiday domestically can pay contactless at more and more large folk festivals, although depending on the payment provider it is also possible to pay in a cryptocurrency.
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