May 26, · There are currently three reputable ways to sell your gift cards for Bitcoin. 1. Paxful 2. LocalBitcoins 3. Reddit (BEWARE) Paxful and LocalBitcoins are dedicated to buying and selling Bitcoin with many different payment methods, such as bank tran. To exchange gift cards for Bitcoins, you will need a Bitcoin seller to sell bitcoins to. As soon as your card is with you, sign up for an account on 24crypto.de or 24crypto.de, It’s very simple, and fast. Nov 16, · The Purse is a marketplace which connects Amazon shoppers to users with Amazon gift cards. Here, users with gift cards can liquidate their gift card at a nominal price. Ex: $80 for a gift card worth $ Moreover, if you are someone who is just starting out & want to buy Bitcoin in a small quantity, using a gift card is an easy way.
Best place to trade gift card for bitcoinBestBitcoinExchange | Best Bitcoin & Cryptocurrency Exchanges
A trustworthy bitcoin exchange providing transparent data about coins in cold storage more on this later. It is also a good to look for available currency pairs: example looking to trade bitcoin for USD, Euros, or other fiat currencies. The location usually gives an idea of what is on offer.
However, the largest bitcoin exchanges usually have many options for buying bitcoin with government-issued currency and altcoins. Start trading. Binance has grown exponentially since it was founded in and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment methods. Full regulations list:. On platforms like Paxful and Localbitcoins , you can find almost ANY gift card to trade bitcoins for. Peer-to-peer platforms such as Paxful and Localbitcoins are ideal for gift card trading as platforms like these can connect you with people that will give you great deals.
These exchanges offer anonymous ways to buy and sell bitcoin with numerous deposit methods. We firmly believe that peer-to-peer platforms are the way of the future as they take away the government aspect of it, allowing bitcoin to be used for its original purpose: to enable peer-to-peer transactions.
The great news is that most major retailers carry branded gift cards which make them excellent gifts for children, adults, teachers and everyone in between. A gift card is a great gift because not only is it personalized, but also it gives people the option of spending money the way they want to.
For those individuals with a plethora of new or unused gift cards lying around here are some of the more popular brands which one can exchange for new Bitcoin:. Among the rest, iTunes gift cards, Amazon gift cards, Google Play gift cards, eBay gift cards, Walmart gift cards, Target gift cards, Starbucks gift cards, and VISA gift cards are the most popular gift cards used for buying bitcoin.
On Paxful , you have a near limitless selection of gift cards you can buy or sell for bitcoin. With LocalBitcoins, your gift card options are more limited. CardCash carries gift cards for more than retailers.
On eGifter , you can purchase over different gift cards using a plethora of payment methods including bitcoin. There are two types of exchanges: the peer-to-peer and normal. On normal exchanges, you use an order book to match buy and sell orders between people.
Normal exchanges are the most commonly used method of exchanging your local currency into bitcoin usually with a bank account or debit card. An example of a normal exchange is Coinbase probably the biggest and arguably most well-known exchange in the world. Compared to the privacy and anonymity that normal exchanges may have, peer-to-peer exchanges require a bit more interaction between buyers and sellers.
The information that you might have to exchange can be a bitcoin wallet address, forum usernames, location, IP addresses, and can even involve a face-to-face meeting. Peer-to-peer exchanges are kind of like your local marketplace. It would be very troublesome for you to hope to randomly stumble across that person on a normal exchange because the chances of that happening are meager. Instead of that method, you can initiate a peer-to-peer transaction with that person, and it should make your purchase A LOT easier.
While Coinbase may be one of the biggest normal exchanges in the world, its counterparts, Paxful and LocalBitcoins , are the biggest peer-to-peer platforms in the world.
No type of exchange is better than the other, but the preference of the user is what matters the most when it comes to choosing the type of exchange. In this case: buying bitcoins with gift cards, peer-to-peer platforms are the ONLY way to go. The first step to buying bitcoins with gift cards is making an account on either Paxful or Localbitcoins.
Creating an account on either of these is extremely easy. Paxful is a person-to-person marketplace that supports over payment methods. Paxful, over recent years, has grown to be one of the biggest platforms in the world and they continue to grow. This can be attributed to the attention to detail they have in regards to user experience.
Paxful offers over payment methods , allowing its users to buy and sell bitcoin easily. As with any other peer-to-peer platform, Paxful struggles with filtering the scammers out of their platform. They pride themselves on having every payment method imaginable and providing anonymous options for people who want to keep to themselves. When everything in your trade goes smoothly or you are dealing with an honest and decent trade partner , Localbitcoins is a fast way to buy bitcoin.
Localbitcoins, like Paxful, is also susceptible to scammers as all peer-to-peer platforms are. In our opinion, Paxful is the way to go if you want to trade gift cards for bitcoins. The difference between the two peer-to-peer platforms is that Paxful has a better customer support system. That is the key factor that Paxful has over Localbitcoins. With Localbitcoins on the other hand, people including myself have complained about both a laggy site and an unhelpful customer support team.
Some people may have different opinions, but whoever is reading this should know that the key to choosing a platform is a preference. Choose whatever makes you feel more comfortable.