Purse 3. LocalBitcoins Frequently Asked Questions Conclusion Leftover or unused gift cards such as from Amazon can be redeemed through online services to exchange the Amazon gift cards into Bitcoin. Traditional fiat-to-crypto exchanges and cryptocurrency trading platforms do not accept gift cards as payment. This article will explain how to buy Bitcoin with an Amazon gift card and the best places to get a good deal.
How To Buy Bitcoin With Amazon Gift Card To purchase Bitcoin with an Amazon gift card, follow these simple steps: Register for an account with a supported crypto exchange such as Paxful Complete the signup registration process and verify your email Go to the 'Buy Bitcoin Instantly' page Select Amazon gift card as the payment method Select Bitcoin as the cryptocurrency to buy Enter the Amazon prepaid card amount to redeem e. However, not all will include the option to buy Bitcoin using gift cards.
Some of the most well-known crypto exchanges currently accept Amazon gift cards as payment for Bitcoin. Based on our research, we have found the best places to buy Bitcoins with Amazon gift cards are: Paxful the best P2P platform that accepts Amazon gift cards Purse a popular online app to shop with Bitcoin Local Bitcoins a good platform to trade gift cards for Bitcoin We do expect more crypto exchanges to accept gift cards for Bitcoin as the popularity of blockchain starts to take off.
This will make it easier for everyone to get involved with crypto and expand the widespread adoption of the digital currency system. Paxful Paxful is a peer-to-peer cryptocurrency platform that gives people the ability to buy Bitcoin with an Amazon e-Gift card. The exchange was established in and has built a reputation on reliability and its extensive choice of over deposit methods to purchase Bitcoin such as gift cards and prepaid cards.
It is a widely used platform to sell Bitcoin to other individuals around the world and is suitable for those unable to purchase Bitcoin using credit cards and direct bank transfers. Users can choose to make purchases by using alternate payment methods such as gift cards from Amazon, iTunes or using Apple Pay.
For these reasons, Paxful is widely used for buying and selling Bitcoin. To sell your Amazon gift card for Bitcoins using Paxful, follow these simple steps: Visit the website and sign-up with Paxful Go to the 'buy Bitcoin instantly' link Select 'Amazon gift card' as the payment option Enter the gift card dollar amount and search for offers Find a suitable seller and click 'Buy' Peer-to-peer crypto exchanges such as Paxful and Localbitcoins do not have any limit restrictions on placing orders.
The platform includes an escrow service which means the funds are held by the exchange until both parties have fulfilled their side of the transaction. The escrow service protects traders and ensures a secure transaction. There have been reports of scammers on Paxful , so be sure to utilize all of the security features to verify sellers are legit and immediately transfer funds to our top-rated hardware wallet, the Ledger Nano X.
Purse Purse allows users to name their own discount when shopping for any product on Amazon. It works by matching shoppers with individuals who wish to exchange their Amazon gift cards for Bitcoin. Using a gift card is a simple way for beginners starting out that want to only invest a small amount into Bitcoin.
If you wish to buy Bitcoin in larger amounts using real cash or credit card, then you should stick to reputable crypto exchanges such as Coinbase , CEX. IO , Binance and Coinmama. Getting started is simple. Visit the website sign-up with Purse if you haven't already and navigate to 'Earn' and browse the available orders. You can filter by 'Country' and sort by the Amount of Bitcoin you wish to buy.
Once you have found an offer you are happy with, click on the order to preview, then select 'Accept Offer'. Make sure you carefully review the order. Click on 'Accept Offer' which will take you to the Amazon site with the items added to your cart. Once you have accepted the offer, you have about one hour to complete the offer. Once the order has been delivered, the shopper will receive a notification.
They will have up to 48 hours after the delivery to check it and confirm the order. Bitcoin will be released to you from escrow once the delivery has been confirmed. This means you don't have to worry about being scammed as both the seller and buyer need to complete the transaction before the funds are released.
Gift Cards are the best option for getting discounts or sending them to your distant relatives so they can shop. Especially during the COVID pandemic, gift cards gained popularity along with other online payment methods. But still, none of the famous online stores let you buy Bitcoin or any other crypto asset with Gift Cards. Even cryptos are becoming the next big thing on the internet. Here is the list of those platforms.
LocalBitcoins need no introduction; they are the biggest P2P crypto exchange offering vast methods to trade Bitcoin. Before buying from them, proceed with caution by checking the authenticity of the seller. Paxful is another P2P crypto exchange like LocalBitcoins and gaining popularity in the crypto community.
The platform has more than methods to buy Bitcoin within which Gift Cards are included. Once you sign up, you see the supported Gift Cards list according to your country. Before buying bitcoin in Paxful you have to know that Paxful happens to be a P2P marketplace, so you must watch out for frauds or spammers.
Purse is a great option for shopping on Amazon using Bitcoin. The platform acts as a middleman between you and Amazon, helping you with chrome extension or direct copy-pasting amazon URL for shopping on Amazon using Bitcoin holdings. To receive Bitcoins, you just have to create an offer choosing a brand that you have gift card by mentioning price and discount plus choosing a refund period in case any dispute occur ; at last, choosing delivery method physical or eCode, even you have to request the IP address of the buyer be located in the same country the gift card was issued.
Or, you can use their Telegram bot, RedeeemBot , with the help of the bot, you can trade gift cards in five clicks. The exchange has a separate section to trade gift cards. There you can find a buyer for your gift card in exchange for Bitcoin, or you can create an offer offering your gift cards.
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