Now is the moment to learn about cryptocurrencies and perhaps purchase some valuable Bitcoins.
Only 21 million bitcoins (BTC) would be available worldwide if you didn’t know. So. In 2140, no new bitcoins will be mined after the last one is mined. Suppose there are 30 million millionaires globally; it means that even if every millionaire desired to buy one complete bitcoin, they would be unable to do so.
It is simply less to go around, but one is never too late. Bitcoin is still in its emergence stage, and it is a step-by-step development, becoming more robust with each passing day. And the buying procedure of Bitcoin and other cryptocurrencies has become more straightforward over time. Even if you’re new to cryptocurrencies, you may purchase bitcoins using various methods, including cash, debit/credit card, Paypal, bank account, ATM, and gift cards.
The following blog will demonstrate how to exchange a gift card for Bitcoin. It’s effortless and one of the fastest ways to exchange leftover gift cards for bitcoins.
Exchange Gift Card to Bitcoin
The gift card is an intelligent way to start investing in Bitcoin, even if you have no experience with cryptocurrencies.
A thorough investigation led me to discover two trustworthy sites where you can achieve your goals.
● Paxful: It allows buying of bitcoin with Amazon Gift Card, iTunes Gift Card, eBay Gift Card, Google Play Gift Card, Sephora Gift Card, Steam Wallet Gift Card, Airbnb Gift Card, Uber Gift Card, Walmart Gift Card, VISA Gift Card, MasterCard Gift Card, and 100+ other gift options!
● Purse.io: Amazon gift cards and balances may be converted to Bitcoin.
Of course, you will need to have your gift card handy before you begin. If you don’t have a gift card, buy one with cash, preserve the receipt, and swap it for quick bitcoins on Paxful or Purse.io (only for Amazon gift cards).
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Paxful
Paxful eliminates the intermediary, allowing potential buyers and sellers worldwide to meet and deal with one another in a simple, rapid, and secure manner. They offer more than 300 payment options, including cash, bank transfer, Paypal, etc. Due to their easy to exchange feature, gift cards are one of the most popular payment options on Paxful.
Bitcoins may be purchased with as little as a $10 gift card credit. Google Play, Barnes & Noble, Target, iTunes, Hotels.com, Amazon, H&M, Groupon, BestBuy, Xbox, IKEA, and various other gift cards are accepted. Prepaid gift cards from OneVanilla are also available. Purchase one from a drugstore or grocery and use Paxful to discover a fantastic Bitcoin bargain.
Furthermore, you will be shielded by their secure escrow mechanism, which ensures that your bitcoins will be delivered once the payment is received. Let’s have a look at how this works:
1. Register to a Paxful account
Please create an account and verify it to receive a free Bitcoin wallet with two-factor authentication. Setting up an account is not tricky and can be done within minutes. To start, all you need is an email address, phone number, and photo ID.
2. Find a vendor
Select “Buy Bitcoin” from the main menu by clicking “Buy.” You can identify local and foreign vendors that meet your needs by entering the amount you would like to spend, the currency you prefer, and the payment method in the sidebar widget. Use the filter feature to find suppliers who have passed Paxful’s extra security tests.
3. Go through the requirements
Read the vendor’s terms and conditions before clicking the Buy button. If you are paying by gift card, the seller may ask you to send a screenshot of the gift card balance, the bank deposit slip, or a copy of the gift card receipt. Additionally, some companies may request a selfie with a valid ID as an added precaution.
4. Start trading
Select how many Bitcoins you want to buy, then click Buy now to begin the deal if you agree with the seller’s requirements. This will start your live chat with the seller, and more instructions will come on the screen to carry on the transaction. Please do not talk outside of Paxful since the live chat saves all communications and will protect you if you have any concerns.
5. Send payment and receive BTC
Transfer the payment and click Paid as soon as all conditions are met and the seller provides the green light. The app holds the seller’s BTC in trust to prevent your trade partner from receiving your payment but not releasing the cryptocurrency. The Bitcoin will be released and transmitted to your Paxful Wallet when the seller verifies your payment.
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Purse.io
Unlike Paxful, which only takes gift cards with a written value ($25, $50, $100), Purse allows you to sell any portion of the card’s value. You may exchange your Amazon credit for Bitcoin by assisting a consumer in purchasing things on Amazon. On the other hand, Purse exclusively accepts Amazon gift cards for Bitcoin. Let’s look at how to use Purse.io to swap your Amazon gift card for Bitcoin:
1. Register on Purse.io
To earn bitcoins with Amazon gift cards, sign up for a Purse.io account and click “Earn” in the top menu bar.
2. Find your Offer
Look over the list of available deals. Examine the seller’s rating, rate, and BTC amount provided.
You may narrow down your search by country and the number of bitcoins you wish to purchase. If I choose the United States in this guidance, it will reduce the options and show me Amazon shoppers from the United States.
3. View and Accept Offer
When you’ve decided, click on an order to read the Offer’s specifics. It will provide you with a list of Amazon products to purchase and the total number of BTC you will get.
To continue, click “Accept Offer.”
4. Purchase items on Amazon with your Amazon Gift Card
You have one hour to finish the Offer now. If you like the price, head to Amazon and click “Purchase products.” Use your Amazon credit to purchase all of the things added to your basket by the shopper.
