Best Buy is a well-known and popular retailer that offers a wide range of products, from electronics to appliances. But did you know that you can also buy items in Best Buy using Bitcoin? It’s true – you can use Bitcoin to purchase anything that the store has to offer, from your new PC to a home theater. So if you’re looking to explore new options for purchasing goods, or just want to use a different form of currency, Best Buy is the place to go. Well-known tech appliance retailer Best Buy does accept Bitcoin and other cryptocurrencies like Ethereum, and Litecoin as additional forms of payment in its in-store and online purchases, orders, and shipping orders. Let’s know Does Best Buy Accept Bitcoin?
Best Buy – The Audio Specialty Store Turned Electronics Retailer
Best Buy is an American Electronics retail chain that operates as a multichannel retailer of electronics and home appliances. It was started as a specialty audio store in 1962 and has since expanded its product line to include LCD TVs, 3D TV sets and video game systems, home appliances, cell phones, and a wide variety of audio equipment including headphones, and Bluetooth speakers, sound bars, and more. It also sells refurbished and pre-owned items.
In addition to retail stores, Best Buy operates online channels in the United States and Canada. It is the largest electronics retail chain in the United States. The company offers customers cash back, rewards programs, and exclusive deals on products.
The chain operates over 1200 stores in 46 states across America. In addition to traditional brick-and-mortar stores, Best Buy operates online channels in the United States and Canada under the brand names BestBuy.com and EBESTbuy.ca.
Bitcoin – Best Buy Accepting It Or Not?
The big electronic device retailer Best Buy accepts various payment methods for its customers’ advantage.
This includes My Best Buy Credit Card, reward certificates and Visa Card, Best Buy Gift Cards, Visa, MasterCard, American Express, Discover, PayPal, Apple Pay, Progressive Leasing, Best Buy Business Advantage card, Pay With Points, Diners Club, JCB, Best Buy Pay, Vendor coupons, Personal checks, business check or cashier’s checks and Cash.
Best Buy also accepts Bitcoin, but not directly. You can’t make a direct purchase with any cryptocurrency. But what you can do is buy Best Buy gift cards with Bitcoin and other cryptocurrencies which in turn can be used at in-store and shipping order purchases at all Best Buy stores.
How To Use Bitcoin On Best Buy Purchases
Best Buy accepts Bitcoin as an indirect form of payment. You can buy Best Buy gift cards with Bitcoins. The process involves
- Head to a Best Buy-supported e-gift card site that lets you buy gift cards using cryptocurrencies like Bitcoin, Litecoin, Ethereum, Dash, etc. Bitrefill is one such website.
- But a Bitrefill Best Buy gift card using your cryptocurrency.
- When shopping at Best Buy, head to its official website while online-purchase, and select the product.
- During checkout, select the gift card as payment.
- Input the 16-digit gift card pin and redeem the card.
- When purchasing in a physical store, show the printout of the gift card or from your phone to the cashier.
- He will scan the barcode, and enter the pin to redeem the gift card.
This process should make your purchase hassle-free.
Advantage Of Using Bitcoin At Best Buy
There are many advantages to using Bitcoin when shopping at Best Buy.
- For one, you can use it to pay for items in-store without having to carry any currency or credit card.
- It allows you to save on your purchases as gift cards are available most of the time at discounted prices.
- Bitcoin is not affected by inflation and devaluation which often affect traditional currencies. This makes it a sensible choice for people who want to protect their purchasing power.
- The cryptocurrency is not subject to government intervention, merchants can charge whatever they want for products and services. This gives customers the advantage of being able to buy items at lower prices than what would be available if they were paying in regular currency.
- Bitcoin is decentralized, there’s no need to worry about cybercrime or data theft.
- And since Bitcoin transactions are quick and easy, you won’t have long wait times when making your purchases.
Conclusion
Although Best Buy has started accepting Bitcoin in some of its services, it still seems a long way before they fully accept it like any other traditional payment method. The main reason for deciding against accepting Bitcoin is due to both its volatility and riskiness. However, despite these shortcomings when compared with traditional forms of payment, their growing popularity may mean better for consumers in the long run.
FAQs
- What other places besides Best Buy accept Bitcoin as a payment method?
Other companies that accept Bitcoin payments are Newegg, Microsoft, AT&T, Overstock, Microsoft, Etsy, etc.
- Are there any fees associated with using Bitcoin to buy things from Best Buy?
To buy the e-gift cards of Best Buy with Bitcoin, you don’t have to pay any extra fee.
- How much would it cost to buy one bitcoin today with a credit card?
To buy one Bitcoin using a credit card you have to pay $29,500.47 right now with an additional 2% fee.
- What kind of products are offered at Best Buy that can be purchased with Bitcoin today?
You can buy anything available at the Best Buy with the Best Buy gift card that can be purchased using Bitcoin.
