Can i buy bitcoin with a gift card

About us Contact us. It covers exchanging your gift cards for Bitcoins, and vice versa as well. That way, you will know that it is safe to give your gift card information to the seller.

Summary of Best Ways to Buy Bitcoin With Bitcoins

Well, did you know you could convert them into bitcoin? Here, we tell you how to buy Bitcoin using gift cards! Many buyers of Bitcoins remain uninformed about this avenue even when they have gift cards that they are not using. The great part is that gift cards from almost all retailers work for the exchange. In fact, even Master Card or Visa gift cards will work just as well and allow you to easily buy Bitcoins. LocalBitcoins is one of the most famous Bitcoin peer-to-peer trading platforms. It is based in Finland and has been functional since

Summary of Best Ways to Buy Bitcoin With Bitcoins

Many people keep useless gift cards in their wallets, here are four safe ways to exchange them for Bitcoin. Disclaimer: The opinion expressed here is not investment advice — it is provided for informational purposes only. It does not necessarily reflect the opinion of U. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Many people keep useless gift cards in their wallets, here are four safe ways to exchange them for Bitcoin. Disclaimer: The opinion expressed here is not investment advice — it is provided for informational purposes. It does not necessarily reflect the opinion of U. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions.

We do not recommend investing money you cannot afford to lose. Many people that do not know what to give their friends or family choose gift cards. Actually, this is a good and prudent decision, because gift card owner can buy whatever they want for this money, so the present certainly will be valuable. The problem is that people often want to buy something in another shop, not in the one they have a gift card.

Hence, the gift card becomes useless. In this case, to save money, the card should be sold or exchanged for Bitcoins. The benefit of converting gift cards for Bitcoins is that this is a kind of investment. If a gift card is just kept in your wallet, you will not get any profit from. At the wih time, if you exchange it for Bitcoins, you will get a digital currency bbuy tends can i buy bitcoin with a gift card increase its course. Hence, after a while, Bitcoins may be quite more valuable than the cardwas.

The money will not go down the drain. There are many services that allow exchanging gift cards for Bitcoins. It is important to note that any card is sith less liquid asset then cryptocurrency. Hence, it is no wonder that after exchanging the amount of cryptocurrency you will get less than the value of the card.

There are four ways to exchange useless gift cards for cryptocurrency safe and profitably. LocalBitcoins is one of the most popular markets for buying and selling Bitcoins. It provides an easy way to find a buyer who will consider exchanging on mutually beneficial terms, so it is easy to buy Bitcoins with a gift card.

It is kind of stock exchange, but unlike classic exchanges, LocalBitcoins has some features:. P2P deals. This means that users exchange the assets with each other, without any intermediaries. Exchanging different assets. This is a key-point because different assets mean bitocin of different countries, physical money and gift cards as.

It is no wonder that the most valuable cards are issued by popular internet-shops and online-services. Best-selling gift cards usually belong to such companies as:. However, LocalBitcoins does not have any restrictions. You can try to sell any of your gift cards, even if it were issued by an unpopular store. It is difficult to say how much money you will get for the card. The price usually goes down, on average about 50 percent on this service.

However, it is still better than just keeping a useless card in a wallet. The main point of Purse is that it provides finding a buyer that will send you Bitcoins in exchange for a needed product from Amazon. In practice it works quite easily:. Purse provides a service to avoid scammers in such deals. It can ensure that buyers will get their stuff and gift card sellers will get the cryptocurrency. Actually, Purse ensures an escrow service in transactions.

There withh 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. Cointal is a relatively new service for buying and selling cryptocurrency. It is slightly similar to LocalBitcoins. The advantage of Cointal is that it supports exchanging not only Bitcoin but also other cryptocurrencies, including Ethereum and Ripple.

This is also a P2P service that provides users to implement gifg with each. Overall, Cointal is an open marketplace for buying and selling cryptocurrency different ways. Here you can buy Bitcoin not only with a gift bitcooin but also with PayPal, Google Wally and many more digital wallets. Paxful is a New-York based online Van store. It accepts more than payments because the service supports a lot of digital assets.

And the most important thing that it is provides to buy Bitcoin with an iTunes gift card. It is important to note that Paxful is an open service. Hence, there may be many scammers trying to steal money. Eduard is a freelance crypto-journalist since He has a gifft IT education and usually focuses on a technical side of blockchain projects. Instead, it gets funded by venture capitalists and angel investors.

Nobody buys XRP to give Ripple money to do things. We started selling XRP only after there was a market price and for negligible amounts compared to our other funding. Schwartz explains that people buy ICO tokens to invest in the company that issues.

Ripple, on the other hand, would be able to continue the development of its tech without XRP with the help of its VC funding. XRP wasn’t used as a fundraising mechanism to get the network up and running.

As reported by U. It’s now the second most valuable company in crypto after mining juggernaut Bitmain. Ripple, which bitcoih 55 percent of all XRP tokens, unlocks 1 bln of them from its escrow wallet on a monthly basis. Alex Dovbnya aka AlexMorris is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.

Alex authored more than 1, stories for U. Today, CryptoComes and other fintech media outlets. This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy. By pressing the «Subscribe button» you agree with our Privacy Policy.

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There are four ways to exchange useless gift cards for cryptocurrency safe and profitably. Contents 1 Paxful is the best place to purchase bitcoin with your gift card: 2 Gift cards with which you can buy bitcoins 2. They will also be requiring the receipt of the gift card which you must have received at the time of the purchase. Log in to leave comment:. Click here for cookie policy. Buy bitcoins with gift cards.