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These gift cards can be a super easy but still a thoughtful gift. A lot of times, you can see company websites and influencers giving Amazon gift cards as giveaway prizes instead of cash or other products and services.
Now you need to find the right exchange platform that allows you to swap your gift card for Bitcoin. You might want to consider other ways of buying Bitcoin as well, for example our how to buy Bitcoin guide runs through how you would purchase through a cryptocurrency exchange.
To find out whether a platform supports Amazon gift cards, you should look through its list of trading pairs. Unfortunately, a lot of platforms remain sceptical that clients would be interested in buying these gift cards so they decide not to list them. Instead, most of them only support crypto to crypto or fiat to crypto exchanges. Our team has done a lot of research on crypto exchanges over the years.
In an attempt to help you tackle the challenge, we found two reliable platforms, Purse and Paxful, that allow you to sell your Amazon gift card in exchange for BTC. Purse was founded in and remains the most popular exchange platform that has teamed up with Amazon to allow customers around the world to swap their gift cards for different assets.
What the platform does is match potential Amazon buyers with traders looking to purchase cryptocurrencies by selling their Amazon gift cards. On the Purse website, go to the Earn tab to be redirected to the offers dashboard. Spend your Amazon gift card to buy these products and insert the confirmation I. What makes Purse a great exchange platform is the fact that it maintains a level of security as an escrow entity until the order gets completed.
Paxful is an online peer to peer exchange and a popular Bitcoin marketplace launched in How to earn crypto on Purse Did you know, with Purse you can buy bitcoin through any payment option that Amazon accepts? Purse provides you ultimate flexibility in liquidating unused Amazon gift card balance, and allowing you to purchase Bitcoin or Bitcoin Cash using various different forms of payment. Filter by Country and the Amount of Bitcoin you wish to buy. Carefully review the amount of BTC you will receive, then press the Purchase button to go to Amazon with the shopper's items added to your cart.
You will see an option to continue to the checkout on Amazon: Select the same shipping address highlighted during checkout. Once the order has been delivered, the shopper will receive a notification, they will have up to 48 hours after the delivery to check it and confirm the order. Make sure to upload the tracking information as soon as it is available to you.
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On Paxful virtually anyone in the world can trade fiat for bitcoin and vice-versa. Technically, a user can buy with any currency and pay with numerous methods. Since bitcoin value fluctuates much faster than with any other currency, Paxful updates its rates online.
All business doing is transparent and you are able to see the rates whenever you want and calculate your expenses accordingly. LocalBitcoins is currently one of the most frequently used platforms among traders when it comes to peer-to-peer bitcoin trade. This platform offers a wide array of payment methods, such as cash via delivery, cash via mail, PayPal , Western Union, Amazon Gift Card and many more. LocalBitcoins is famous for its numerous options in all aspects of trading.
LocalBitcoins users can create and list advertisements, talk about possibilities with potential buyers and sellers and confirm transaction details before going through with the trade. However, traders are given a ranking based on their activity, in addition, their trading and feedback ratings from others are open for all to view.
PayBis is a UK registered company with offices in London, Edinburgh and Riga, but it offers its services in quite a few countries. It is not among the largest cryptocurrency exchanges by volume, but it has been around for several years and there have not been any serious complaints about its business. However, PayBis fees and commissions vary widely, depending on the exchange method.
Like most exchanges, it has one type of standard account that can be verified and unverified. One of the interesting features of this exchange is that it allows its users to log in with a Facebook or a Google profile. As far as the storage units of PayBis are concerned, client funds and information are being kept in cold storage. Purse is one of the largest marketplaces that focuses on providing a frictionless market.
It was created in and its headquarters are in San Francisco. Purse is well known for its huge discounts, which are gotten from users who transfer their Amazon credit for cryptocurrency such as bitcoin. Gift cards are usually hard to exchange, and Purse adds liquidity to that particular market. Purse also offers some great options such as free shipping for any products purchased on Amazon.
Purse exists for several years now, and traders are pretty much satisfied with their services. Among other things, they are known for trading gift cards well above their value. In the following few sections, we will give you a detailed description of how to buy bitcoin with Amazon Gift Card at Purse. Hence this step-by-step guide below, which aims to ease your way into BTC purchase process.
Purse offers several very easy ways of registration, and you can choose whatever suits you best. You can register and log in to your Facebook account, Google account or via Coinbase account if you have one. Once you have registered, you will be able to choose your offer.
You should be careful with offers providing big discounts because frauds do happen here too. Amazon Gift Card is an instant-transfer way of buying, so that should be an extra cause for you to be careful.
When your purchase is made, your means are transferred instantly. Once you have chosen your offer, you can complete the purchase. After you have made your purchase, you can wait for your bitcoins. Once they arrive you can put them safely in your wallet, where they will wait for the next trade.
Sometimes cancellations happen, but that should not discourage you, because it is a sign that the system actually works. It becomes a real middleman, ordering for you and buying your bitcoins, and it assumes all the risk. Scams do happen, but the website is moderately safe. Scammers are everywhere, but Purse is fighting them well. Sometimes when a cancellation occurs it is because a scammer got caught, so you should not be disappointed at all.
Amazon gift cards are a popular gift item and are often exchanged for other goods and services on marketplaces like Paxful. Amazon gift cards can be purchased from any major gift card retailer in bulk including popular ones like CardCash.
On both Paxful and LocalBitcoins , you can buy or sell just about any type of gift card including Amazon gift cards for bitcoin instantly and securely. If you want to buy bitcoin using your Amazon Gift Card then you have to find a reputable exchange or marketplace that will let you do it. Paxful is a person-to-person marketplace that supports over payment methods. Founded in , Amazon is the inventor of the original affiliate program and is now the richest company in the world.
Amazon gift cards can be found at most major retailers. You can use the locator to see if there is a participating retail store near you.