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If you have extra gift cards that you do not need them, you can turn them into bitcoin today – buy bitcoins with gift card instantly.
Although there are many online providers where you can convert gift card to bitcoin, only a few of them will give you bitcoin for your gift card. The problem is that you will get a meager amount of bitcoins for your dollar card value. It depends on which provider you choose, but usually you will get only 50% of bitcoins of your gift card value.
The best place to sell your gift card for bitcoin is LocalBitcoins. You need to find a trader that will accept your gift card and send you bitcoin. Currently, there are offers for Amazon gift card, eBay, Target, Wallmart, and Visa gift cards, from time to time also offers for Apple store gift card, Starbucks, Amazon and similar get listed.
It is not that easy to understand how much you will get for your gift card at LocalBitcoins. Check the nominated price in bitcoin, and you will see how much crypto you can get for your card. For example, the seller displays price per bitcoin at 10.000$. It means that you will get 0.01 bitcoin for your 100$ gift card. But let say that current bitcoin rate is 5.000$ and with 100$ in cash you could buy 0.02 bitcoin. It means you got 50% of your card value in bitcoin.
If you own an Amazon gift card, a good place to to check is Purse. Somehow you can get bitcoin for your card if you buy stuff for someone else on Amazon. The idea is that you pay for their Amazon wish list with your card and they give you bitcoin in reverse. Purse acts as an intermediary. It offers users the platform, bitcoin wallet and escrow for transactions. You can also import your Amazon gift card codes directly to Purse and sell them for bitcoin instantly.
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This platform is very similar to Localbitcoins, described above. Buy a gift card with cash at your local drugstore (save the receipt too) and exchange it here for instant bitcoin. At Paxful you buy bitcoin directly from other people.
Browse the offers for gift cards (for example, Amazon, Walmart or Vanilla) and start a trade to begin. Compared to Localbitcoins rates for your gift card are lower here, but it looks like more offers are listed.
Many online services are providing the other way around: you can easily buy gift cards with bitcoin.
Coinbase users from UK, Spain, France, Italy, Netherlands, and Australia, are now able to spend their cryptocurrency balances instantly with e-gift cards. Supported are popular retailers, like Nike, Tesco, Uber, Google Play, Ticketmaster, Zalando, and many more. This service is provided through the partnership with London-based startup WeGift to let its users purchase gift cards with cryptocurrencies through its platform.
Customers purchasing an e-gift card will enjoy zero Coinbase withdrawal fees and bonuses on select e-gifts. By converting bitcoin into Uber credits or a Nike shopping spree, customers will have greater flexibility and control over how they use their crypto. They expect to expand the number of retailers and markets available over the next three months, as well as the number of countries.
We already mentioned Purse above. The great thing about Purse is also to spend bitcoin on Amazon Shopping, that way you can get a substantial discount on Amazon items (5% guaranteed). It just requires a bit of work.
Sounds too good to be true? When people hear about Purse’s bitcoin discounts on Amazon, they often think it’s a scam. Well, it is not. It’s not that easy to explain how it works, but we will try. Purse is a marketplace that connects Amazon shoppers with people who have unused Amazon gift cards. The shoppers purchase the unused gift cards with bitcoins at a large discount as gift card owners for some reason want to liquidate gift cards. Basically, people who want to liquidate gift cards are ready to sell them way below the nominated price (25% or more). Shoppers or Purse buys these cards from them and then buys stuff on Amazon with these cards way cheaper.
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Shopping with alternative digital currencies such as Ethereum on Amazon is also possible with them, since they integrated Shapeshift exchange platform (it is simple to convert from one digital asset to another using their service). They have also integrated USendHome service where you can generate a U.S. shipping address and shop at Amazon, then have your packages reshipped to your door, worldwide.
Similar to Purse is Bitcart (new provider, so please do a test transaction first). If you can pay with bitcoin, you can simply buy amazon gift card with 15% discount.
- You can spend bitcoins directly on Amazon shopping in Europe. Just check out BitPanda. This Austria-based crypto broker, has launched a service to allow customers to use bitcoins for purchases on Amazon.de.
- Buy Amazon gift vouchers and pay with bitcoins at SpectroCoin.
- Another option to buy or sell bitcoin with Amazon gift card is at Paybis.
- You can cash out your bitcoins to various gift cards instantly on LocalBitcoins. Just check this link.
- Gyft is a digital gift card platform that lets you manage your gift cards, as well as enables businesses to offer easy reward and loyalty programs. The site recently saw a drop in usage by Bitcoiners since Gyft is now only available in the United States.
- If you just want to try bitcoin or want to buy bitcoins in a small quantity, buying it with a gift card is an easy way to do. For larger amounts this is a pricey option.
- If you want to stay anonymous while buying coins, buying bitcoins with a gift card is great way to do as you can buy gift cards in any local shop keeping your > Buy Bitcoins With Gift Card was last modified: May 11th, 2019 by +Bitcoin
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