How to buy bitcoin – Buy Bitcoin with a Gift Card
How to buy bitcoin- Bitcoin is a computer file that is stored in a digital wallet app on a smartphone or computer. People can send bitcoins to your digital wallet and you can also send them to other people. Every transaction is recorded in a public list called a blockchain.
Bitcoins were created to make our lives better and easier. They are the next big revolution in the world today, and as of now, they are performing greatly according to expectations.
However, you need to know that it’s possible to buy Bitcoin with a gift card, be it an Amazon gift card, Walmart gift card, iTunes gift card, or any trusted and reliable gift card.
How to Buy Bitcoin Using Gift Cards
Buying Bitcoin has never been easy but the huge demand for Bitcoin and other digital currencies has led to several payment options being made available. Gift cards are one of the payment options used in buying Bitcoin from any cryptocurrency exchange platform.
Gift cards are prepaid voucher that contains gifts redeemable or used for purchases. While coinbase may be one of the biggest normal exchange platforms in the world,
its counterparts; Paxful and local bitcoin are the biggest peer-to-peer cryptocurrency exchanges in the world today. No type of exchange is better than the other but the preference of the user is what matters the most when it comes to choosing the type of exchange. In this case, buying Bitcoin with gift cards, peer to peer platforms is the best way to go.
Peer To Peer Cryptocurrency Exchange Platforms
These are cryptocurrency platforms that require more interaction between buyers and sellers. It may involve a face to face meeting. A few of the peer to peer cryptocurrency platforms include; Paxful, local bitcoins, and so on.
How to buy Bitcoin with a Gift Card
There are just two ways you can buy Bitcoin with gift cards. You can buy from Bitcoin offers listed by sellers on the platform and you can also create a sell offer for your gift cards and accept Bitcoin as a means of payment.
- Choose a peer-to-peer cryptocurrency platform and create an account on the platform.
- Screenshot the gift card front and back using a device with good resolution.
- Click on the Bitcoin offer you want.
- Proceed with the payment option.
- Select gift card as a means of payment
- Enter the necessary details required and upload the screenshot of the gift card.
Note; while local bitcoins and Paxful are both widely used and trusted platform, they can’t vouch for every single seller of Bitcoin in their platform. Soon Bitcoin will play a huge role in the future. It’ll be the only central currency of the world.