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. Go to “Buy Bitcoin” and look for PlayStation Network Gift Card. Open a trade with the vendor and complete the terms. Receive bitcoins directly into your Paxful wallet. Trade playstation gift card for Bitcoin can be used to pay for things electronically, if both parties area unit willing. American state that sense it’s like conventional dollars, euros or yen, which keep also be traded digitally using ledgers owned by centralized banks. like payment services such As PayPal or credit cards, however, once you.
Trade playstation gift card for bitcoinTop 10 Sites to Buy and Sell Gift Cards via Bitcoin
The platform offers more than payment methods to choose from, including that of loaded gift cards, making it one of the most unique platforms on this list. Also, apart from LocalBitcoins, this is the only platform which offers both buying and selling options, which is another great feature in itself.
It is important to note that Paxful is an open service. Hence, there may be many scammers trying to steal money. Here you can buy crypto assets not only with a gift card but also with PayPal, Google Wally, and many more digital wallets.
It matches buyers, who want to buy BTC, with spenders who are looking to spend coins. The discount comes from buyers who exchange their Amazon credit for bitcoins. Gift card credits are hard to exchange, and Purse helps add liquidity to the market. Purse Merchants makes it easy for anyone to create an online store that accepts BTC.
Like eBay, Purse created a centralized database that makes it easy for buyers to spend their coins. There is another way to sell a gift card. You can sell it directly to Purse Company.
It is less beneficial if we are talking about money, but the deal executes instantly, so you get money quite faster. Additionally, the platform is rapidly gaining a following and popularity due to the great exchange rates they offer.
However, CoinCards is currently available only for Canadian residents. The rest of the world might have to patiently wait for a really long time before they plan to expand their business.
Bitit is a Paris-based company that makes buying bitcoin as fast and easy as possible, no matter where you are in the world. Its most notable feature is the ability to make quick purchases with cash or card, from almost anywhere in the world. Founded in , Redeeem is a peer-to-peer gift card trading company based in Los Angeles, California.
Redeeem is a fast, safe, and easy way to buy and sell gift cards using Bitcoin and 19 other cryptocurrencies. They offer dozens of different brands, including Amazon gift cards. First, their anti-fraud technology requires buyers screen-record while redeeming cards, to protect against disputes between buyers and sellers.
They will available either in your wallet if you chose to link one, or whatever website you had chosen to carry out the transaction on. And that is it, you are all done and you now have access to your own Bitcoins, all in exchange for a gift card. The one thing you should ideally do before you exit is to leave some kind of feedback on the seller on the website so that future buyers may benefit from your experience, irrespective of whether it has been a positive or a negative one.
You can then finally visit your wallet in order to check your new balance of Bitcoins which will certainly be updated after your latest transaction.
And even better is the fact that the complete transaction was completed in less than a day and did not take up a couple days or so as is usually the case with some credit card transactions. There are some decisions that the buyers need to take for themselves as it is practically not possible for the website to carry out background checks on each and every seller that registers on their platform.
Not every seller may be equally respectable or worthy to place your trust on, and this distinction must be made by the buyer himself. In order to keep yourself safe and potentially free from all kinds of fraud, here are a few tidbits you may follow, which could, in the long run, prove to be pretty handy in case someone tries to cheat you. Make sure to take screenshots of your transaction and purchase process at various steps so that you have a saved record of how and when the transaction was taking place.
Every detail that you submit to the website could prove to be critical and important. To keep yourself safe, keep a good record of whatever information you have submitted to the website, and make sure to protect your personal details as much as you can.
Until it is absolutely necessary, do not give away your information. Remember that the very last thing you could want is for you to simply lose your money. You do not want to buy Bitcoin with Vanilla Visa gift card , and not even get any Bitcoins in return. Feedback ratings are critical and important. Sadly, most of us deem them unnecessary and fail to check them while initiating a transaction.
If it has, chances are that the seller is genuine and honestly wants to sell Bitcoins on the platform, whereas for unverified sellers, you can never really say. Establish a firm communication with the seller before you make the payment from your end.
Be sure to ask the right questions and do so before you give out your gift card details. One major flexibility that you as the buyer have your hands on is the power to cancel the transaction at any given time. If at any time during the course of the transaction you feel that you might be being cheated on, or there is a bit of a risk associated with the transaction, you can instantly cancel the transaction from your end and all processes would cease instantly.
However, there is one substantial risk associated with this alternative you must keep in mind. If you happen to cancel the transaction any time after you have given over the gift card details to the seller, then you are essentially giving him the authorization to use the gift card and taking out the funds without even giving back any Bitcoins in return.
If the cancellation must happen, make sure you do it before giving away your gift card details. Please note that these places will conveniently let you buy Bitcoin with iTunes gift card or any other gift card you possess. We will be going over the places that sell these Bitcoin gift cards at the lowest of prices. It is, in fact, possible to buy gift cards at lower values than their actual face values, and we are going to guide you towards the places that can actually help with that.
While LocalBitcoins sports a gigantic community, it does also pose a bit of a risk for buyers as it happens to be a peer-to-peer marketplace. While the huge community is a terrific feature to go with, it does create problems of its own. With a great number of users, comes a greater risk of hidden frauds or fraudulent schemes existing for the sole purpose of duping you off your money. As the name clearly suggests, eGifter is an online portal for buying gift cards for various online services and platforms.
Such points are then accumulated and then subsequently used as a discount on the next purchase of the buyer. If you looking to convert your gift card to bitcoin, then you can make use of this site. There is no added extra fee for the purchase of Bitcoin gift cards. Another pretty intuitive and unique feature that eGifter has managed to implement and we are yet to find in any other online platform is the group gifting initiative. As per this plan, a buyer is free to create a group gifting project and all the respective members of the group then have to contribute towards meeting the actual value of the gifting card that has been chosen collectively by the group.
Additionally, eGifter allows for a variety of payment methods, catering to a wide range of audience. Such a wide variety of payment methods are seldom found in a single exchange and makes for a pretty satisfying experience for the users. However, the one feature that we have truly blown away with on this platform was the fact that they actually go ahead and save your gift cards for you.
This way, even if you happen to lose your gift card, or forget the code on it, you can always come back to the portal and look it up. However, even a service of this caliber is not devoid of a few downfalls of its own. Firstly, while eGifter does sport a good variety of gift cards for your consideration, they are still lesser in number to those offered by Gyft. Secondly, one major area where eGifter seems to be lacking is that they do not have the option to sell gift cards for Bitcoins, and only the other way around.
While most of the other services ask the users to register themselves on the portal for a successful transaction, YesToBitcoins makes no such demand. It allows for transactions without registrations and even offers Amazon gift cards and credit card vouchers. However, at the time of writing this article, we found that the portal currently exhibits a very selective collection of gift cards, which can be a bummer for those looking for a decent selection to choose from.
Also, similar to eGifter, YesToBitcoins too does not allow for the sale of gift cards for Bitcoins currently. CoinCards is unique in the sense that it actually offers Bitcoin gift cards especially made for Canadians, and also catering to more than a hundred Canadian retailers.
Additionally, the platform is rapidly gaining a following and popularity due to the great exchange rates they offer. However, as always, there is also some bad news to go with the good ones. For starters, CoinCards is currently available only for Canadian residents. The rest of the world might have to patiently wait for a really long time before they plan to expand their business.
Gyft happens to have the much-coveted distinction of being the platform with the widest variety of retailers available.
Its unique brand of features makes it arguably the most popular option on this list to buy Bitcoin with gift card. Additionally, they too save your gift card on the platform itself so that you the customer never loses it even if you happen to forget the code. However, even Gyft is not devoid of certain cons.
As of now, Gyft is only available for the citizens of America, which is a bummer for the rest of the world since if they need to access its services; they have to somehow change their IP address.