About us Contact us. Now what is left is for you to conduct the transaction. But for something that was explicitly created to make our lives easier, it sure can get pretty tricky to purchase Bitcoins. Be sure to read up on their trade offered, and the price they are willing to take so that you may make an informed decision on the best seller for your needs. 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. Our mission is to provide you with unbiased, easy to comprehend, reviews of the cryptocurrency space.
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You see there are several ways through which one can purchase Bitcoins but amongst these, the last option of buying Bitcoins is relatively unknown. M any buyers of Bitcoins remain uninformed about this avenue even when they have iTunes gift cards that they are not using. And this method can also be used during the days when exchanges get overloaded ittunes suspend new registrations. Paxful is the equivalent of eBay for Bitcoin. It is a peer-to-peer marketplace for buying and bitcokn Bitcoin-based out of New York City.
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In this post, I am not only going to show you how to buy Bitcoin with gift cards, but I will also walk you through the exchanges where you can do that. Unlike in the early years of Bitcoin, it has become remarkably easy to buy this pioneer cryptocurrency ; all thanks to the various exchanges available these days. At the end of this post, you will learn how to buy Bitcoin with gift cards in Nigeria and the exchanges where you can do that. Gift Cards are prepaid debit cards that contain a specific amount of money available to be used for a variety of purchases within particular stores or related businesses. These cards also known as Gift Vouchers are usually given out by organizations, stores, or employers as gifts or rewards for example, HealthPlus gift card, Jumia gift card, Spar gift card. Some of them can be bought too from a gift card shop for example, iTunes gift card, Disney gift card,e.
Buy Bitcoin With iTunes Gift Card
In this post, I am not only going to show you how to buy Bitcoin with gift cards, but I will also walk you through the exchanges where you can do. Unlike in the early years of Bitcoin, it has become remarkably easy to buy this pioneer cryptocurrency ; all thanks to the various exchanges available these days. At the end of this post, you will learn how to buy Bitcoin with gift cards in Nigeria and the exchanges where you can do. Gift Cards are prepaid debit cards that contain a specific amount of money available to be used for a variety of purchases within particular stores or related businesses.
These cards also known as Gift Vouchers are usually given out by organizations, stores, or employers as gifts or rewards for example, HealthPlus gift card, Jumia gift card, Spar gift card. Some of them can be bought too from a gift card shop for example, iTunes gift card, Disney gift card,e.
They can also be issued by marketers and retailers as part of a promotion strategy. This is to entice the recipient to return to the store for more purchases. For example, a gift card issued by Jumia cannot be taken to the bank to cash out the money neither can it be used to purchase on Amazon.
You can only use it to purchase from Jumia. A general feature of these cards is that they are generally anonymous and are disposed of when the value stored on them are exhausted. C ashback marketing strategiesas the name implies, means money paid back to customers in cash after making a purchase; sort of a reward for patronizing a particular retailer. The money paid back cashback is gotten from a percentage of the amount a customer spends on an item.
However, if a company has several different stores, it can issue a card that can be used at any of buy bitcoin with itunes gift card uk affiliated stores. With the growth in the crypto space came the evolution of many exchanges where Bitcoin and other altcoins can be purchased. Some of them specialize in peer-to-peer transactionsothers stick with just providing trading platforms for buyers and sellers while the rest are mainly brokers. Some even combine the services! The exchanges also provide various payment options for its users.
The exchanges that allow its users to buy Bitcoin with gift cards are:. You can watch the 8 mins video or skip to read. There is something to learn from the video and the text. Paxful is a peer-to-peer exchange founded by Ray Youssef in This exchange which supports only Bitcoin is based in the USA and has about 2 million customer base.
This is because the prices are set by the sellers themselves. But when you want to sell Bitcoin, the exchange charges you some percentage for its services. The fees charged vary depending on the method of payment the seller accepts. Here is a —mins video explaining the steps on how to buy Bitcoin with gift cards on Paxful. Your account will be created immediately with your wallet. You can then go ahead and fund your wallet. Also, a link to verify your email is sent to you. Click on it to verify your account and inputting all the necessary details.
On Account Verification, everyone is encouraged to verify their accounts but however, Paxful requires mandatory ID verification for the following:. And for those who choose not to participate, they can continue to use Paxful services but there will be a trade and wallet limit in place for those who have not verified themselves. If at any point, you start feeling uncomfortable with the vendor, please, feel free to cancel the trade.
CoinCola exchange is based in Hong Kong and was founded in In a bid to live out its mission statement that says: Connecting you to the future of financeCoincola has more than payment options which include:. The fees charged by CoinCola can be found on its fees page. Read more: CoinCola Review Before I conclude with this post, I want to leave you with a few tips that will aid ensure a smooth transaction:. The options that I have mentioned above may be few, but you cannot overlook its usefulness because some of us just have these gift cards lying.
Armed with this information, you can go on these exchanges and trade it for Bitcoin, the money for the future. This site uses Akismet to reduce spam. Learn how your comment data is processed. Friend’s Email Address. Your Name. Your Email Address. Generally, we have 2 types of gift cards and both can be used in person or online.
They are:. For example, Gap Inc. Its cards can be used interchangeably at any of its affiliate stores: Gap, Athleta, Old Navy, and the Banana Republic. Since these cards are not reloadable, they are of no further use once the balance on them is spent.
Closed-loop gift cards are mostly offered by many stores as a bonus for signing up and by individuals as gifts for occasions like weddings. Though physical plastic gift cards still dominate the market, there is increased growth in digital cards eGift Cards. Now that I have explained what Gift Cards are, I will go ahead to list out the exchanges where you can use gift cards to buy Bitcoin in Nigeria. Tweet Pin LinkedIn Email. About Latest Posts. Follow me. Chiamaka Atueyi. Content writer at Nigeria Bitcoin Community.
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Buy Bitcoin With iTunes Gift Card
Establish a firm communication with the seller before you make the payment from your end. 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. However, as always, there is also some bad news to go with the good ones. Request payout when you’re ready. However, even Gyft is not devoid of certain cons. 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. The constant influx of regulations by the United States government, coupled with the lack of feasible and convenient international buying options have only worsened the situation. It is a peer-to-peer marketplace for buying and selling Bitcoin-based out of New Buy bitcoin with itunes gift card uk City. There were LocalBitcoins and Paxful. Until it is absolutely necessary, do not give away your information. If you looking to convert your gift card to bitcoin, then you can make use of this site. Now for you to start the trade, you need to conduct a search on the website you have chosen for sellers that actually accept gift cards.
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