Bitcoin Gift Cards Bitcoin gift card is sort of a blanket term. It covers exchanging your gift cards for Bitcoins, and vice versa as well. In this article, we will focus only on the former that is, exchanging gift cards for Bitcoins. Anyiwest Exchange is a Bitcoin and Gift Card trading firm based in Nigerian with our services cut across Africa, with over 72, completed transactions since commencment of operation. We are no doubt the fastest growing peer to peer exchange firm in sub-saharan Africa. cryptoncoins.de is a property of Patricia Technologies Limited, a company duly registered with CAC with RC Number: Account numbers and Verve Cards are provided by Rubies Microfinance Bank, a company duly registered under the Laws of the Federal Republic of Nigeria; and duly licensed by the Central Bank of Nigeria, and pursuant to the rules of Verve International Limited.
Trade bitcoins for gift cardsWays to Buy Bitcoin with Gift Card Instantly ()
Did you know that you can use your Bitcoin, as well as other cryptocurrency, to purchase gift cards? Although you cannot shop on Amazon directly with your digital assets, there is a longer yet accessible way to do so.
Launched in , Redeeem quickly became a trusted peer-to-peer exchange that allows you to buy and sell gift cards with crypto. The idea behind Redeeem was simple yet top-of-the-agenda — contribute to the Bitcoin adoption process. Security is achieved thanks to unique fraud prevention tools and an intricate disputes process.
We are empowering a trusted community of gift card traders globally who are unexpectedly at the helm of the blockchain movement. When making a purchase on Redeem, you can rest assured that you are making a reliable deal and their support team is ready to assist you daily.
Coinbase is famous for their creativity regarding cryptocurrency adoption. To provide its customers with a brand-new way of exchanging their crypto, the exchange has partnered with WeGift , a company that is dedicated to bringing gift card distribution to the next level. Bitrefill offers an easy way to trade your Bitcoin, Litecoin, Ethereum, Dash, or Dogecoin for a gift card from more than businesses in more than countries.
Apple, Amazon, Wallmat, even Airbnb — everyone will be able to find something for themselves. The constant influx of regulations by the United States government, coupled with the lack of feasible and convenient international buying options have only worsened the situation. But with the gift card method, you simply bypass all these restrictions and get direct access to your coins. And all you have to lose is a few of your gift cards. You can, for example, buy Bitcoin with Walmart gift card.
The great part is that gift cards from almost all retailers work for the exchange. In fact, even Master Card or Visa gift cards will work just as well and allow you to easily buy Bitcoins. If you are going to buy Bitcoin using Visa gift card , or any other gift card you desire, the first step, pretty obviously, is to first obtain these gift cards. You can buy them any of the many retailers that sell them. To initiate a transaction, in most cases, the first thing a seller asks for is an image of the back of the card which clearly lists the actual gift card code.
They will also be requiring the receipt of the gift card which you must have received at the time of the purchase. Interestingly, some sellers may even accept e-codes or simply voucher codes that you get online, so you can possibly use them too. Now we will talk about the exchange services or platforms which will actually allow you to make such a transaction.
For your convenience, we went ahead and scanned the internet for cryptocurrency platforms and exchange services, and started focusing on those which allowed for gift card exchange for Bitcoins. There were LocalBitcoins and Paxful. So the next step in this procedure is to obviously create an account on either of these websites.
Be sure to read up a little on both of these, so you may choose for yourself the one that suits you best. Now the registration process in itself on both of these websites is pretty simple and takes up very little of your time. Now for you to start the trade, you need to conduct a search on the website you have chosen for sellers that actually accept gift cards.
Once you do that, you will be shown a list of sellers, and you have to choose one from among them. Be sure to read up on their trade offered, and the price they are willing to take so that you may make an informed decision on the best seller for your needs.
Once you have found your perfect seller, you need to click to start a trade. That way, you will know that it is safe to give your gift card information to the seller. Similarly, in case you have in possession an e-code for a gift card, all you have to do is look for a seller who accepts such an e-code, and then follow all the above instructions to make your payment.
Now what is left is for you to conduct the transaction. As soon as the seller receives the gift card information and checks for its validity, they will immediately release the coins from the escrow.
Once they do, the coins will be credited to your personal account. They will available either in your wallet if you chose to link one, or whatever website you had chosen to carry out the transaction on.
And that is it, you are all done and you now have access to your own Bitcoins, all in exchange for a gift card. The one thing you should ideally do before you exit is to leave some kind of feedback on the seller on the website so that future buyers may benefit from your experience, irrespective of whether it has been a positive or a negative one.
You can then finally visit your wallet in order to check your new balance of Bitcoins which will certainly be updated after your latest transaction. And even better is the fact that the complete transaction was completed in less than a day and did not take up a couple days or so as is usually the case with some credit card transactions.
There are some decisions that the buyers need to take for themselves as it is practically not possible for the website to carry out background checks on each and every seller that registers on their platform. Not every seller may be equally respectable or worthy to place your trust on, and this distinction must be made by the buyer himself. In order to keep yourself safe and potentially free from all kinds of fraud, here are a few tidbits you may follow, which could, in the long run, prove to be pretty handy in case someone tries to cheat you.
Make sure to take screenshots of your transaction and purchase process at various steps so that you have a saved record of how and when the transaction was taking place.
Every detail that you submit to the website could prove to be critical and important. To keep yourself safe, keep a good record of whatever information you have submitted to the website, and make sure to protect your personal details as much as you can. Until it is absolutely necessary, do not give away your information. There are now more things you can buy with bitcoin, and there are so many more ways to buy bitcoins.
One of the more popular payment methods that have sprung up throughout the years is gift cards. Nowadays, you can buy any gift card at your local store and trade it in for bitcoins at your favorite exchange. These gift cards include popular ones such as Amazon gift cards and iTunes gift cards to the lesser known ones like Subway gift cards.
On platforms like Paxful and Localbitcoins , you can find almost ANY gift card to trade bitcoins for. Peer-to-peer platforms such as Paxful and Localbitcoins are ideal for gift card trading as platforms like these can connect you with people that will give you great deals.
These exchanges offer anonymous ways to buy and sell bitcoin with numerous deposit methods. We firmly believe that peer-to-peer platforms are the way of the future as they take away the government aspect of it, allowing bitcoin to be used for its original purpose: to enable peer-to-peer transactions.
The great news is that most major retailers carry branded gift cards which make them excellent gifts for children, adults, teachers and everyone in between. A gift card is a great gift because not only is it personalized, but also it gives people the option of spending money the way they want to. For those individuals with a plethora of new or unused gift cards lying around here are some of the more popular brands which one can exchange for new Bitcoin:.
Among the rest, iTunes gift cards, Amazon gift cards, Google Play gift cards, eBay gift cards, Walmart gift cards, Target gift cards, Starbucks gift cards, and VISA gift cards are the most popular gift cards used for buying bitcoin. On Paxful , you have a near limitless selection of gift cards you can buy or sell for bitcoin.
With LocalBitcoins, your gift card options are more limited. CardCash carries gift cards for more than retailers. On eGifter , you can purchase over different gift cards using a plethora of payment methods including bitcoin. There are two types of exchanges: the peer-to-peer and normal. On normal exchanges, you use an order book to match buy and sell orders between people. Normal exchanges are the most commonly used method of exchanging your local currency into bitcoin usually with a bank account or debit card.
An example of a normal exchange is Coinbase probably the biggest and arguably most well-known exchange in the world.
Compared to the privacy and anonymity that normal exchanges may have, peer-to-peer exchanges require a bit more interaction between buyers and sellers.
The information that you might have to exchange can be a bitcoin wallet address, forum usernames, location, IP addresses, and can even involve a face-to-face meeting. Peer-to-peer exchanges are kind of like your local marketplace. It would be very troublesome for you to hope to randomly stumble across that person on a normal exchange because the chances of that happening are meager. Instead of that method, you can initiate a peer-to-peer transaction with that person, and it should make your purchase A LOT easier.
While Coinbase may be one of the biggest normal exchanges in the world, its counterparts, Paxful and LocalBitcoins , are the biggest peer-to-peer platforms in the world. No type of exchange is better than the other, but the preference of the user is what matters the most when it comes to choosing the type of exchange.