Following numerous stages of development, an increasing number of individuals and online retailers are now accepting Bitcoin as a means of payment.
Some offline establishments are now taking cryptocurrencies as a form of payment, indicating that use is growing.
The top e-commerce companies, such as AliExpress (owned by Alibaba), EBay, and Amazon, have yet to accept Bitcoin as a payment mechanism.
Amazon, on the other hand, now has a subsidiary called Amazon Pulse, which only accepts cryptocurrencies as a form of online payment.
Because AliExpress is the largest e-commerce platform, manufacturers and buyers frequently use it. Despite its popularity, it only accepts payment in fiat currencies.
They have yet to accept Bitcoin and Altcoin (alternative cryptocurrencies) as payment methods.
This is possible because certain merchants will accept BTC in exchange for virtual debit cards or gift cards, which can then be used to purchase things on AliExpress.
How to Use Bitcoin Payment on AliExpress
In this post, I’ll go through some of the options you have when utilizing Bitcoin to make purchases on the e-commerce platform.
Let’s get started…
So, how about it?
1. Gift cards for shopping.
This is yet another way to indirectly purchase products with Bitcoin. BTC can be exchanged for gift cards, which are accepted by some AliExpress merchants.
Gift cards have been available for a long time and can be exchanged for cash. As a result, retailers accept it as a secure payment option.
If you want to convert your gift cards to Bitcoin, check out my tips on how to instantly sell iTunes or Amazon gift cards using Bitcoin.
2. Services provided by third parties.
There are third-party services available on the internet that act as mediators between you and these top shopping sites, allowing you to pay for products using your bitcoin investment.
Shopping.io, which launched in December 2020, is an example of this type of service.
It was developed by dropshipping veterans with the goal of allowing crypto purchases. This platform allows you to use crypto-coins to purchase products from your favorite merchants online.
3. Debit cards for bitcoin
You can fund your debit cards with Bitcoin, and when you make a purchase, the supplier automatically converts the BTC to fiat currency.
These debit cards allow you to use Bitcoin to shop on AliExpress.
Real or virtual debit cards are available. There are a variety of Bitcoin debit cards available that convert cryptocurrency to fiat currency at the point of sale.
You may be perplexed by this topic, but here are my responses to some of the most often asked issues regarding using BTC to pay on AliExpress.
What is AliExpress, and how does it work?
bitcoin payment on aliexpress
The Alibaba Group owns AliExpress, an online retail website that was started in 2010.
Small enterprises in China and other countries, such as Singapore, participate in the platform, which sells products to international internet buyers.
In general, AliExpress is a popular online store for purchasing things at significantly lower costs than Amazon and other similar businesses.
Why are AliExpress products so cheap?
Unlike Amazon, the bulk of AliExpress merchants are headquartered in China and source their products directly from Chinese producers.
This keeps expenses down, allowing them to offer free or low-cost shipping.
Is AliExpress a direct Bitcoin acceptor?
Overall, the Alibaba Group does not accept Bitcoin or any other cryptocurrency as a form of payment on AliExpress, however the methods listed above can be used.
Is AliExpress a safe place to shop?
Buying from AliExpress is extremely safe, contrary to popular opinion. In fact, due of eBay’s buyer protection, it’s probably safer than shopping there.
If your purchase does not arrive on time or as described in the ad, AliExpress offers a full refund.
Is it possible to be conned on AliExpress?
Although AliExpress has some fantastic prices, not all of the items are genuine. From electronics to clothing, you can find a variety of counterfeit things.
Some sellers have been accused of defrauding buyers by fooling them into paying for an item before receiving it and then disappearing with the money.
Finally, some thoughts
Bitcoin is progressively gaining traction in the e-commerce market, but it has yet to establish traction with major firms such as AliExpress and Amazon.
People can still pay for things on AliExpress with BTC through Bitcoin debit cards, gift cards, or middleman services, despite the fact that it is still not available.
At the point of checkout, the cryptocurrency is converted to fiat currency, making it convenient for all parties involved.
Do not store your cryptocurrencies in an exchange wallet, as these are the most common targets for hackers who use malware to steal people’s money.
Get yourself a hardware wallet (such as the Ledger Nano X/S), but if you don’t want to spend that much on security, a mobile hot wallet would suffice.
Because purchasing online is a public activity, it’s also a good idea to use a secure VPN to mask your transaction fingerprints.
If you’re not sure which VPN to use for all of your crypto transactions, check out my guide on the best VPNs for crypto.