Back in 2010, when very few even heard of the term Bitcoin, one man wanted to demonstrate it's potential use for monetary transactions. So he ordered two pizzas and paid with 10,000 bitcoins. This simple action kick-started a whole new era of financial makeover, although it came at a slight cost.
The current value of 10,000 bitcoins is over $98 million!
Still, Bitcoin has come a long way since then; from it's days of being the de-facto currency of the dark web to being accepted by the biggest retailers. Indeed, while its detractors had vociferously maintained that its key features of anonymity, feeless, instantaneous and irreversible transaction would only appeal to cypherpunks and those involved in nefarious activities, Satoshi Nakamoto's brainchild has transcended the technological world into becoming a whole new asset class by itself.
Bitcoin in the Real World
Gone are the days when "Hodl" was your only alternative to cashing out your Bitcoin into the local currency in order to make a purchase. Bitcoin is now seen as a transactional monetary system by a variety of companies, established or otherwise.
This has led to a rise in acceptance of crypto payments, allowing one to buy anything from a pizza or a concert ticket to luxury watches and vintage cars using cryptocurrencies. Indeed, if you hold enough Bitcoins, you could buy yourself a mansion or even a private island.
And, with lighting protocol soon to be implemented, making a purchase using Bitcoin will be simpler than ever. Yet, avenues for those wishing to make luxury purchases using cryptocurrencies have long been limited.
Cryptocurrencies for the Luxury Market
While Crypto Emporium had long dominated the market due to its first mover's advantage, people have been complaining about it for a long time, criticizing everything from its poor customer service to a lack of diverse luxury offerings.
Thankfully, as the industry grows and adoption becomes widespread, newer entrants have taken over the market offering superior services to consumers.
So in this article, we will take a look at top alternatives to Crypto Emporium, for all your luxury crypto needs.
Top on our list is the hugely popular BitDials luxury boutique. A perennial favorite among the crypto community since it's inception in 2016, BitDials is the first Bitcoin-only boutique offering a range of luxury items such as watches, cars, jewelry, accessories and gold bullions/coins.
The user-friendly website and ease of payment using bitcoins has made the process of purchasing a luxury item simple and safe.
With near-perfect reviews among customers in Trustpilot and other ratings sites, BitDials has quickly gone on to take over a large chunk of the market. Their specialized offerings of top of line luxury watches including Rolex, Hublot, Piquet, and jewelry from Chopard, Cartier, Bvlgari among others is unparalleled in the industry.
Our favorites from Bitdials
De Louvois, unlike others in the list, is not a direct-to-consumer website. Rather it's an exclusive membership-only club that doubles up as a luxury marketplace offering unique and high-value offerings such as:
- Artworks and Paintings
- Antiques and Collectibles
- Watches and Jewellery
The company curates only the best luxury items in the marketplace and prides itself at being at the intersection of arts, luxury, and cryptocurrencies. From genuine Warhol paintings to Lamborghini Aventadors, to even a Malibu beach house, your dreams are brought to life in the “club for bitcoin wealthy”.
Our top picks from De Louvois
This is another popular website among watch enthusiasts, focusing on its sole offering of luxury watches. Their boutique holds a range of luxury brands including Rolex, Patek Philippe, Audemars Piguet, Cartier, & Hublot among others.
A good thing about Bit Watches is that they accept altcoins as well, in addition to bitcoins as payment options. And in case you can't find a specific luxury watch you were looking for, just drop them an email and their bespoke services team will scout the markets to deliver your dream watch.
Our top pick from Bitwatches
Back in 2012, when Bitcoin was trading below $50, very few would have thought you could one day buy yourself a supercar using this virtual currency. Yet here we are in 2020, and you have the ability to get your Lamborghini delivered to your doorstep in a couple of weeks by paying with your Bitcoin.
Bitcars is a unique and highly sophisticated company offering a range of premium supercars and old-timer classics to the crypto community. They are a bitcoin-only automobile boutique and have all the famous brands from Land Rovers and Lexus' to Aston Martins and Mazdas in their collection.
We highly recommend you to take a look at their website, for their collection is truly a marvel to behold.
Here are our two favorite picks from BitCars
One of the oldest companies in this list, PrestigeTime started way back in 1999, offering new and premium luxury watches at discounted prices. They were one of the first firms to see the potential of Bitcoin and adopt it as a payment option.
They also evolved into offering pre-owned and vintage watches for the connoisseurs among you. A highly trusted name in the industry, they have an unblemished record among consumers and accept bitcoin as well as altcoins like Ethereum, Ripple, and Litecoin.
Our top pick from Prestige Time
What was the most luxurious item you have purchased using bitcoin? Is there anything you dream of buying one day? We'd love to hear about it in the comments below.