Feb 25, · Nowadays, you can buy any gift card at your local store and trade it in for bitcoins at your favorite exchange. These gift cards include popular ones such as Amazon gift cards and iTunes gift cards to the lesser known ones like Subway gift cards. On platforms like Paxful and Localbitcoins, you can find almost ANY gift card to trade bitcoins for. Jun 20, · Benefits of Trading Gift Cards For Bitcoins These days, there are countless ways to trade cryptos and one of the best ones is trading gift cards for virtual currencies. If you’re confused as to why we decided to focus on gift cards and bitcoins, let’s dig in! CoinCola is the best place to buy Bitcoin with Gift Card. It is easy and convenient and supports virtually all of today's popular Gift Cards like Amazon Gift card, iTunes Gift Card, Google Play Gift Card, and more. Change your unwanted Gift Cards into Bitcoin today! SOCIAL MEDIA.
Trading btc for gift cardsWays to Buy Bitcoin with Gift Card Instantly ()
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.
Redeeem is a Peer-to-Peer crypto exchange platform focused specifically on gift card trading. The platform allows users to buy and sell gift cards with over 32 cryptocurrencies including Bitcoin, Ethereum, Monero, and many others.
Interestingly, users can also buy Bitcoins by selling gift cards through telegram through the RedeeemBot. Create Account with Redeeem! LocalCoinSwap is a Hong Kong-based peer-to-peer cryptocurrency exchange platform where users can sell and buy Bitcoin and a couple of other cryptocurrencies.
Currently, the platform allows the use of over payment options, most of them being gift cards from different retailers. And on top of that traders are required to pay the usual mining fee, which of course depends on the Bitcoin blockchain network.
But because LocalCoinSwap is strongly against requiring any type of KYC documents, registering an account is a fairly simple and easy process, as you only need an email address to start selling and buying on the platform. Register on LocalCoinSwap! CoinCola is a cryptocurrency exchange based in Hong Kong that supports peer-to-peer trading. It has a separate gift card trading section where traders can sell and buy Bitcoins for gift cards. Similar to other platforms, it depends on the buyers and sellers, whether the use of cards that are purchased online is allowed.
Coincola also chargers an additional 0. To get started with Coincola, you are required to process with KYC documents, but other than that it is still a perfect place to buy Bitcoins using gift cards. Related Posts. December 21, December 17, December 7, Tax day. Load More. We Recommend. Top Rated Casinos. Bitstarz Casino. Top Crypto Prices Provider. Top Crypto Trading Bots. Top Rated Exchanges. Binance Exchange. Top Advertising Services.
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