Digital currency enthusiasts have alternatives to exchange bitcoin and are not just glued to cash. One of the numerous available options is to sell off unused gift cards and get bitcoins in return. By now, you know all the essentials of how to buy gift cards with crypto – from their advantages to the whole purchasing process. Gift cards make for a great universal gift, so knowing the step-by-step process can be a lifesaver if you’re short on time and don’t want to buy meaningless knick-knacks. CoinGate allows payments in several popular cryptos, including Bitcoin, Ethereum, Litecoin, TRON, Tether, and Shiba Inu Coin.
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To help buyers avoid being scammed, each seller on the platform has a reputation rating, as well as historical records indicating their past activities. On top of this, the platform offers an escrow service that holds traded Bitcoins, releasing them only upon receipt of completion of sale from the seller. If you use Prestmit’s app to redeem gift card to bitcoin, no verification is required. Protected by their secure escrow system, you can be assured you’ll get your bitcoins directly in your wallet once payment is made.
BuySellVouchers marketplace continues to add new cryptocurrencies. Please refer to the step-by-step tutorial tutorial on sending Bitcoin and other crypto via Binance Gift Card. Katie is a Staff Writer at MUO with experience in content writing in travel and mental health.
Lastly, you can also opt to use Binance Pay in addition to a large pool of crypto to pay from. You can start with selecting your region, then choose the category to pick the brand and see the offering. This platform boasts a long list of retailers and a variety of options to pay in, including BTC, ETH, DAI, USDT, USDC, etc. Most importantly, do not upload or provide your gift card details until you are absolutely sure you want to proceed with the transaction. If at any time during the transaction you have second thoughts, or if the transaction doesn’t feel genuine, then you can instantly cancel the transaction and find another seller.
In fact, you can even make a small gift bag out of it – get a Ledger wallet and add the gift card for the crypto purchase next to it, and turn it into an investor’s starter kit. By getting a gift card, you can also bypass some of the costly extra steps that entering the crypto market entails, like conversion and network fees. However, the Binance gift card that we’ve discussed, for example, doesn’t incur extra charges upon redeeming it. Congratulations, you’ve created your very first Gemini gift card! And there’s no need to worry – along with the gift card, the lucky person will also receive instructions on how to redeem and use their Bitcoin funds.
Finding a seller that accepts gift cards is easy, both LocalBitcoins and Paxful allow you to search by payment method. Simply select gift cards as a filter when searching, and you will be shown a list of sellers looking for gift cards in exchange for Bitcoin. You’re already familiar with the process of buying gift cards with crypto on Binance. Once your card is generated, it comes with a unique code – that’s what you need to input to redeem the assets. You should also keep in mind that at the time of writing, buying gift cards with crypto on Gemini is only available to customers based in Singapore and Hong Kong. So, Buy Paysafecard With Crypto -check the terms and services before you get started.
How to convert a gift card to Bitcoin?
This also applies to the variety of payment methods and the size of commissions. Simply choose a Gift Card as the payment method on the P2P platform and you will get a list of users who are willing to trade their crypto for your gift card. They offer over 300+ different payment methods, such as cash, Paypal, bank transfer and more. Gift cards are one of the most popular payment methods on Paxful because it’s easy and simple to trade.
How to Give Bitcoin or Another Cryptocurrency as a Gift Using…
Once you have selected a gift card, you can choose the option “E-gift? ” in the checkout, where you can add the receiver’s name, email address, and message. Enjoy instant email delivery 99,9% of times, no matter what cryptocurrency you use to buy them – our service is fast and secure. Pay for your subscriptions with gift cards instead of your payment cards and use them without restrictions. For non-US gift cards, we will clearly state the expiration date in the email we send to you. The gift card redemption instructions are sent to you in-app and via email.