7 Top Places to Buy Bitcoin With Gift Card You'll Kick Yourself for Not Knowing
If you want to buy bitcoin with a gift card, the best place to do so is GiftoCash.
It is simple and hassle-free, and it is compatible with the vast majority of the popular gift cards available today, such as Amazon Gift Cards, iTunes Gift Cards, Google Play Gift Cards, and many more.
Invest your unwanted gift cards in bitcoin right now.
You are able to view all of the legitimate offers on GiftoCash where you can sell your gift cards in exchange for bitcoin.
You can trade any gift card for bitcoin if you sign up for an account today.
The website of GiftoCash was developed with care to provide users with the smoothest and least complicated experience possible when trading gift cards and to ensure that users will never find the site difficult to navigate.
Simply enter the information that is on your gift card, and then wait to be presented with an offer.
GiftoCash ensures the greatest possible return on investment for your gift card holdings.
Our conviction that everyone ought to have the chance to make money is what drives us to lend a hand to others who feel the same way about the world.
On GiftoCash, you are able to sell gift cards online in the United States of America, Canada, the United Kingdom, Australia, and Nigeria for cash or cryptocurrency, for bitcoins, or for USDT, at any time and from any location. This includes, but is not limited to, gift cards for Google Play, Steam Wallet, Target, Apple, Itunes, Apple, AMEX, Vanilla, Best Buy, Footlocker, Uber Eats, Uber, Gamestop, Netflix, Macy's, Nike
The digital currency Bitcoin, as well as cryptocurrencies in general, have been steadily gaining a reputation for being at the vanguard of the upcoming fourth industrial revolution.
It is incredible that the maximum number of Bitcoins (BTC) that can ever exist at one time is 21 million, and it is anticipated that the final Bitcoin will be mined in the year 2140.
This may explain why everyone seems to be interested in making investments in some; there may not be a better time than the present to do so.
Even though almost everyone wants to get their hands on some Bitcoin, it can be very challenging to do so, particularly for people under the age of 18 and those hailing from certain countries or regions.
Even though there are many different paths that one can take to accomplish this goal, the method is still inaccessible to a number of different individuals.
The typical investor searches for a platform that is not only simple and practical, but also, and this is essential, economical, which can be an extremely challenging quality to locate.
In this piece, we take a look at the gift card market as a potential avenue for purchasing bitcoins because it is a novel and convenient option.
Not only will we explain why this method is so beneficial, but we will also provide a list of popular platforms that can be used to convert gift cards to bitcoin, along with a discussion of the benefits and drawbacks of each option.
What are the steps involved in converting a gift card to bitcoin?
Let's take a speedy look at the top three places where you can exchange gift cards for Bitcoin.
After that, we will proceed to discuss each of them in greater detail before introducing some of the companies that are considered to be their primary competitors.
Where can gift cards be used to make purchases of bitcoins?
The quickest and easiest way to purchase cryptocurrency with a gift card is through Kucoin P2P.
KuCoin P2P
In the context of peer-to-peer trading, Fiat Trade offers a fiat-to-crypto conversion service. This service is characterized by the absence of transaction fees, rapid settlement, secure transactions, professional and dependable merchants, and a variety of payment methods that are available on a global and regional scale.
Kucoin allows users to buy cryptocurrency with over $50 worth of fiat currency via P2P, credit cards, and other methods.
The P2P marketplace that KuCoin offers enables users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more.
KuCoin P2P is similar to other peer-to-peer (P2P) exchanges in that it accepts a wide variety of payment methods.
Customers can purchase cryptocurrency from other users on the platform using fiat currencies such as United States Dollars, Euros, British Pounds, Canadian Dollars, Indonesian Rupiahs, Australian Dollars, and so on.
There is a wide variety of options available to choose from when it comes to making a payment, such as gift cards, PayPal, and Payoneer, in addition to bank transfers and other possibilities.
You are required to bind a phone number and go through a Know Your Customer process before you can use the Kucoin P2P marketplace.
Pros ✅Cons ❌
LocalBitcoin
LocalBitcoins, which is also a peer-to-peer platform (we recently did a comprehensive guide on the best alternatives to LocalBitcoins), is often referred to as the Craigslist of buying and selling Bitcoin. We recently did a guide on the best alternatives to LocalBitcoins. LocalBitcoins.
This is as a result of its capability of enabling direct interaction between purchasers and vendors.
Each seller on the platform has a reputation rating, as well as historical records that indicate the activities they have carried out in the past, to assist buyers in avoiding being taken advantage of by con artists.
In addition to this, the platform provides an escrow service that will hold any bitcoins that have been traded and will only release them once the seller has confirmed that the transaction has been completed.
Because LocalBitcoins is accessible in over 250 countries spread out across the globe, exchanging Amazon Gift Cards for Bitcoins through this platform is the most convenient option (options include purchasing a gift card or using a cryptocurrency exchange).
If you compare the exchange rate for gift cards to that of more conventionally preferred payment methods such as PayPal, bank transfer, credit card, or debit card, you will notice that the exchange rate for gift cards is significantly higher.
You shouldn't let this deter you in any way.
After all, what's the point of keeping an Amazon gift card that's been unused all this time?
Paxful
Due to the extensive variety of payment methods that can be utilized on the Paxful platform, it is currently among the most widely used platforms.
Because it is a platform that connects buyers and sellers directly, you will be able to engage in direct commerce with sellers or, if you are a seller, directly interact with buyers.
Because of this, using the platform is both quick and very simple.
The website allows users to choose from a plethora of different payment methods, including gift cards, which are among the most popular payment methods on the website, as well as PayPal, bank transfers, credit or debit cards, cash, and other similar options.
The platform gives users the ability to purchase bitcoins using gift cards with a value as low as one dollar.
The website also acknowledges a broad range of gift cards, including those issued by Best Buy, H&M, iTunes, Google Play, Hotels.com, Xbox, Uber, Amazon, and a great number of other retailers and services.
On the other hand, due to the nature of the marketplace being peer-to-peer, customers need to be on the lookout for con artists and fraudsters.
Purse.io
The way in which this platform conducts its business is quite distinctive, primarily due to the fact that in order to exchange your Amazon gift card for bitcoin, you are required to make purchases on Amazon for other users.
Similar to LocalBitcoins, Purse will only accept Amazon gift cards as payment.
In addition, in contrast to Paxful, which requires the exact denominational value to be printed on gift cards before they can be exchanged for Bitcoin, Purse enables users to exchange even a portion of their gift card balance for cryptocurrency.
Purse's primary functionality consists of enabling users to pay for another person's Amazon order using bitcoins while retaining the ability for the original shopper to continue making purchases using their cryptocurrency.
Your bitcoins will be released to you from an escrow account as soon as confirmation is received that the products you purchased have been delivered to the person who made the original purchase.
Coincola is praised for, quite literally, having no limits, and this trait is one of the reasons why.
The platform enables its users to buy Bitcoin and a number of other cryptocurrencies using their native currencies in addition to Bitcoin.
This is true regardless of the user's location, which suggests that the platform can be utilized in any part of the world.
In addition to this, the platform enables users to exchange gift cards from retailers such as Google, iTunes, Amazon, and a great number of other retailers for bitcoin.
Prestmit
The headquarters of Prestmit are in Nigeria, a country where the use of cryptocurrencies has seen consistent growth in popularity.
Users of the platform are granted the ability to exchange gift cards purchased from online retailers such as eBay, Google Play, Amazon, and Apple for either the Nigerian Naira or Bitcoin.
To begin utilizing the platform, users are required to first communicate with an agent via WhatsApp regarding the current value of their gift card.
The platform ensures prompt payment within minutes of your card being successfully uploaded.
Cardxcoin
Cardxcoin's vision appears to be quite encouraging, in spite of the fact that the platform is still in the beta launch phase.
The platform will give users the ability to trade in unwanted gift cards for Bitcoin, and it will make offers of up to 80 percent of the gift card's total value.
At the moment, the platform is capable of processing gift cards purchased from a variety of other platforms, including iTunes, Best Buy, Walmart, Target, and a lot of others.
Gift Card Exchanges
Trading gift cards for bitcoin is a straightforward method that eliminates the need to go through the hassle of investing through an exchange.
This method offers a straightforward and efficient solution for anyone who is having difficulties purchasing Bitcoin.
For those who have unused Walmart gift cards, for instance, they can trade them in for Bitcoin.
The fact that gift cards from the vast majority of retail establishments can be traded in for cryptocurrency is a wonderful perk.
If you are interested in purchasing Bitcoin with gift cards, the first thing you will need to do is acquire some gift cards that can be traded in.
Following is a rundown of some of the most reputable online marketplaces that can be utilized to acquire gift cards at excellent prices.
eGifter is a market that provides customers with the opportunity to buy gift cards at prices that are surprisingly low.
The website's one-of-a-kind points system is a standout feature; this rewards system has been an integral part of the marketplace's expansion over the past few years.
When a user makes a purchase through the eGifter platform, they will automatically earn points.
You can accumulate points over time, and then use those points to get a discount on future purchases.
The group gifting initiative is yet another outstanding feature that is exclusive to the platform.
A purchaser can now organize a group gifting project with the help of this setup.
The cost of the gift card that has been decided upon by the group can then be split among all of the members of the group who contributed to the decision.
eGifter is compatible with a variety of different kinds of payment systems.
Credit cards, debit cards, Bitcoin, and a number of different e-wallets, including PayPal, can all be used to make payments.
The fact that all of the information pertaining to your gift cards will be saved on the platform is without a doubt the most beneficial aspect of using it.
This ensures that you will always have a backup on the website in the event that you misplace or lose the code to your gift card.
To summarize, eGifter is an excellent marketplace; despite this, they only provide gift cards for a select few different retailers.
CoinCards
CoinCards is a fantastic gift card exchange that is designed specifically for people living in Canada.
This is the best place to shop if you live in Canada because it has more than one hundred Canadian retailers and excellent currency exchange rates.
The website is rapidly gaining popularity, which makes it much simpler to locate attractive discounts.
GiftoCash
GiftoCash is widely considered to be the industry's top gift card exchange due to the fact that not only do they provide customers with a wide range of gift cards to choose from, but they also provide customers with a wide range of payment options (such as PayPal or cryptocurrency).
Because the platform stores all of the codes for your gift cards, you won't have to worry about losing any of them even if you misplace them.
Gifto cash is currently accessible in the United States.
A virtual private network (VPN) will allow users located in other parts of the world to connect to the website and use its features.
Among all of the exchanges that we have researched, the one that appears to have the widest selection of retailers is GiftoCash. As a result, we recommend using their services.