Mar 21, · Wirex is one of the few Bitcoin debit cards to offer Bitcoin rewards on every in-store purchase, providing users % through its Cryptoback™ service. There are no limits to how much cashback you can earn, and no additional fees for the service. Bitcoin Gift Cards. Bitcoin gift card is sort of a blanket term. It covers exchanging your gift cards for Bitcoins, and vice versa as well. In this article, we will focus only on the former that is, exchanging gift cards for Bitcoins. Sep 16, · 2. Redeeem. 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.
Best gift card for bitcoin4 Best Ways to Buy Gift Cards with Bitcoin in
And several platforms offer these services, however, you will have to do due diligence to know which is the best one for you. But since today there are so many different gift cards crypto exchanges, it could actually end up being a bit off a struggle to figure which platform to use. The platform allows the use of over payment options including over different gift cards.
If you have some unwanted gift cards, you can easily use them to purchase Bitcoins from another person selling Bitcoins and accepting Gift cards as a method of payment. Trades involving the purchase of bitcoins with gift cards are settled instantly.
When you buying Bitcoins on the platform, the site does not charge you anything and the only fee that you pay is the mining fee for the blockchain network. To get started with Paxful, you will create an account on the website using your email address, you can then find a reputable Bitcoin seller by browsing the available offers.
Note that it depends on the sellers whether you can use cards purchased online and whether you are required to process ID verification for purchases made with Gift cards. Get Started with Paxful!
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.
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. Currently, three different account types are available on the website: Standard, Premium and Metal. All plans include a free current account and IBAN account and allow you to spend cryptocurrencies in over countries worldwide at the interbank exchange rate.
Accounts can be managed via the free Revolut app. Currently, Revolut allows users to buy Bitcoin and four additional cryptocurrencies right through the Revolut card. For this service, Revolut adds a 1. Crypto balances can be transferred to other Revolut users free of charge, and can be converted back into fiat currency to be spent using the Revolut card — this process is not automatic.
Last, but certainly, not least is the SpectroCoin prepaid card, available for customers in almost countries. Besides its prepaid card, SpectroCoin also offer a variety of other services, including an online wallet and exchange platform. SpectroCoin prepaid cards are funded using cryptocurrencies, which are automatically converted to fiat currencies when paying in-store or online. This process is automated if your funds are stored in your SpectroCoin web wallet, but must be set up first.
Overall, the SpectroCoin prepaid cards are best suited to cryptocurrency users looking for convenience and high transfer limits, albeit at the cost of general functionality. After exploding onto the scene in , Bitcoin quickly became a global phenomenon, thanks to its cheap and secure capacity to transmit value between people in just minutes.
However, despite the enormous popularity of Bitcoin during this time, BTC suffered from major liquidity issues, with it being both time-consuming and expensive to use BTC to pay for goods and services. In order to solve this liquidity problem, several innovative companies took it upon themselves to bridge the gap between the cryptocurrency and traditional markets by bringing to market a Bitcoin debit card.
The first of these Bitcoin debit cards was released by Xapo in and allowed users to spend their Bitcoins just like cash at any online or offline merchant that accepts Visa. At the time, the Xapo debit card was heralded as the final piece of the puzzle needed to bring Bitcoin to the mainstream.
Since then, over a dozen companies have launched their own Bitcoin debit card, and further improved on the usability and functionality offered by first-generation cards, many of which include features such as contactless payments, automated billing and even cashback. For the most part, Bitcoin debit cards allow customers to easily liquidate their BTC to fiat currency, which can then be spent in-store or online. The way this is achieved usually varies from brand to brand, but can be either automatically converted upon deposit, or manually converted as and when needed, usually via an associated app.
Despite the benefits, Bitcoin debit cards have had their fair share of issues over the years. Most prominently, companies that issued their Bitcoin debit cards via Wavecrest were forced to either shut down or suspend services as the payment provider had its Visa license revoked.
If you are one of the increasing numbers of cryptocurrency enthusiasts looking to reduce or eliminate your reliance on centralized banks, then Bitcoin debit cards may just be the solution you are looking for. Bitcoin debit cards enable you to easily spend your crypto, without having to go through cryptocurrency exchanges and banks. In many countries, access to financial infrastructure is severely limited, which is why Bitcoin is particularly popular in less economically developed countries.
With the advent of Bitcoin debit cards, people in these countries can access previously unavailable services for the first time. These Bitcoin debit cards provide users a way to easily convert Bitcoin, and often other cryptocurrencies into fiat currencies, which can then be spent in-store or online at anywhere displaying the Visa symbol.
Like many standard debit cards, some Bitcoin debit cards now offer cashback options, allowing you to earn rewards on your purchases, which can amount to a significant sum if you use your debit card regularly. In addition, many Bitcoin debit cards allow you to store several fiat currencies in separate accounts, allowing you to shop internationally without being lumbered with excessive currency conversion fees.
This benefit also applies to cash withdrawals, helping you to withdraw a variety of different currencies without requiring a currency conversion.
Several Bitcoin debit cards are available in a virtual form, meaning there is no physical debit card to carry around. These virtual accounts offer a level of freedom and flexibility simply not possible with a physical card, allowing you to manage your money wherever you are, typically via a mobile app.
Finally, if you are somebody who likes to travel regularly, several Bitcoin debit cards include travel insurance and fraud protection, keeping you safe while abroad, while the as-and-when approach to currency conversion protects you against volatile local currencies.
Although we have noted just some of the myriad benefits of Bitcoin debit cards, we should point out that the industry is growing at a rapid pace, with new products and services launched on a regular basis, further improving the value of these cards. Before buying a Bitcoin debit card, there are a few things that you need to keep in mind. See below for an outline of the key characteristics that we watch when reviewing a crypto debit card.
When it comes to selecting the best Bitcoin debit card for you, you should undoubtedly be looking only at options offered by established companies with a history of trust. Unfortunately, since the Bitcoin debit card industry is fraught with stories of Bitcoin debit cards shutting down rather suddenly, it is important to ensure you are dealing with a company that knows what it is doing.
If you are simply looking to spend online, then a virtual Bitcoin debit card will probably suffice, but those looking to access their balance via an ATM will need a physical card, which may, or may not be available depending on your location. People that buy Bitcoin debit cards often have more Bitcoin than fiat, and are therefore looking for a way to make better use of their funds.