How to Exchange Gift Cards for Bitcoins.
There are instances when you want to sell your gift cards but not for cash, you are into cryptocurrencies. As such, you would rather get paid in Bitcoin. Maybe you are just interested in the anonymity associated with Bitcoin and don’t want to be identified with the gift card. Whatever your reason may be, it is possible to exchange gift cards for Bitcoin and you are about to learn exactly how.
The first thing you need is to get a gift card. It doesn’t matter if it’s an Amazon gift card or eBay if it is redeemable. You can even exchange your Visa and Mastercard for Bitcoin. In case you are wondering, the process is quite easy.
There are four quick steps to take if you want to exchange gift cards for Bitcoins. The steps are outlined below.
These are the steps that’ll help you get Bitcoins for your gift card.
Naturally, the first thing you need is a gift card to exchange in the first place. Any Bitcoin seller would demand a glimpse of the gift card or an image of the code. Another thing you probably need is a receipt of the gift card you intend to exchange for Bitcoins.
While some sellers do not accept electronic gift cards, there are others who do. Nevertheless, the important thing is to have a gift card for sale. If you do, proceed to the next step.
You can’t exchange gift cards for Bitcoins if you don’t have a Bitcoin seller. So, it is a no-brainer to get one. Search for websites that pay in Bitcoins for gift cards. There are sites on the internet that offer this exact service. These include:
Sign up for an account in any of the websites listed above to get started. If you don’t have a wallet, remember to get that first. The whole process is easy and fast too.
Now that you have a seller, the next step is to start a trade. When you open a trade, the first thing to ensure is that the amount of Bitcoin is equal to the agreed rate at which the gift card is being bought. When you are sure of this and the transaction is approved, your Bitcoins will be moved to your escrow.
When a site does this, it’s an indication that you can trust the seller with your gift card information. If you happen to have an electronic card, contact the seller to know if you can exchange it for Bitcoins
This involves the seller receiving your gift card code as a picture or in electronic format. He or she must have verified that the card is redeemable. On your part, the Bitcoins in your escrow should be released and your wallet credited. When all these are in place, you have closed the deal.
This is how to exchange your card for Bitcoins.
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