Every day, more people travel with bitcoins. There are big advantages to including bitcoins in your travel plans. For example, it is safer to carry bitcoins than to carry cash, especially if you bring a large amount of money or if you’re travelling to a country with higher crime rates. Bitcoin is easy to exchange to major local currencies — perfect if you plan to travel to multiple countries and wish to avoid the hassle of exchanging money. The Bitcoin Traveler does just this. He details his around-the-world, 365-days travel in his blog.
Here is everything you need to know about travelling with bitcoins, from what you need to get started, to renting accommodations, to booking flights.
What You Need
A secure bitcoin wallet provider. Your bitcoin wallet provider needs to satisfy the following requirements: 2-factor authentication, multi-signature technology, use of PINs, email confirmations and 24/7 support. Using a provider that comes with a companion app that you can install on your smartphone is extremely handy as well.
A smartphone with internet connection. Install the wallet provider’s app and your bitcoins will be easily accessible to you at all times. You can also use it to search for local businesses that accept bitcoins in the country where you’re travelling.