2 ways to buy Bitcoin via Amazon gift card
Purchasing Bitcoin via Amazon gift card is one of the most unconventional method to buy Bitcoin but can be one of the cheapest way to buy bitcoin. Amazon gift card comes in a value of $1 to $2000 USD. So when someone wants to buy Bitcoin via Amazon gift card can send this amount to sellers, they can enter the code in their amazon, and get the credit.
How to buy Bitcoin with Amazon gift card ?
One of the very important thing you need to have to buy Bitcoin with Amazon gift card is to have Bitcoin cash wallet. It’s my personal opinion to anyone who want to buy Bitcoin via Amazon gift card to use hardware wallet such as Ledger Nano S and Trezor as they are considered as one of the most secure means.
Noteworthy Points About Buying Bitcoin With Amazon gift card:
- Amazon gift card are of two forms i.e e-gift card, and physical card that one can buy from grocery stores.
- If someone is using Amazon gift card to purchase Bitcoin he will have to pay a higher amount on the dollars.
- Sellers take risk to accept Amazon gift card. The only way for them to verify the card is to enter the code in their Amazon and wait for credit
Ways to buy Bitcoin with Amazon gift card:
Paxful: Paxful is one of the most popular cryptocurrency exchange platform. It helps the users to use different payment methods, which includes all the regular stuff like credit Card cash etc.
Basically Paxful is exchange platform where sellers and buyers can meet and strike deals. Here users can buy any cryptocurrency beside Bitcoin
Way to Buy Bitcoin with Paxful:
- Register with Paxful
- Enter the amount of Bitcoin and currency you want to payin and choose Amazon gift as a payment method
- You will get a list of sellers who accepts Amazon gift card and sell Bitcoin. The rate will be much higher in gift card than in the actual money.
- Send a exchange request
- After they accept request they will deposit bitcoin in the escrow account.
- Send the amazon gift card to them
- Once they verify that its legit, you will recieve your Bitcoin
Fee: You can but bitcoin using credit or debit card as well but it will cost you money, But no fees applicable for buyers in Paxful while purchasing bitcoin through Amazon gift card. The rate of exchange of Amazon gift card is much higher than it compared to any regular currency.
LocalBitcoins: It is the first cryptocurrency exchange platform established in the year 2012. It allows the user to organize a person to personally meeting with a prospective seller. If you are using LocalBitcoin to buy bitcoin then you should choose the public place to meet the seller.
Way to buy Bitcoin via LocalBitcoins:
- Sign up with LocalBitcoins
- In the instant bitcoin enter all your parameters Select Bitcoins as the desired cryptocurrency and then mention the number of Bitcoin you need. After that choose Amazon gift card as your payment method
- You will get a list of all the sellers who accepts Amazon gift card in exchange for Bitcoin
- Send a trade request
- If they accept amazon gift card they will have to deposit Amazon gift card in escrow account
- Send Amazon gift card and they will verify it
- Once they verify it they will release the Bitcoin to buyers