Benefits of Trading Gift Cards For Bitcoins - Coindoo
Gift Cards For Bitcoins

Benefits of Trading Gift Cards For Bitcoins

Editorial Team Avatar
Jun 20, 2019
4 min reading time

These days, there are countless ways to trade cryptos and one of the best ones is trading gift cards for virtual currencies. If you’re confused as to why we decided to focus on gift cards and bitcoins, let’s dig in!

Why Bitcoin?

The most successful cryptocurrency ever, and the very first one to be created is currently making a comeback. When it was launched back in 2008, it changed the financial world as we know it, creating a new FinTech realm. It then fell into oblivion for several years only to come back strong in 2014 and to never disappear from the crypto radars ever again. As we all know, Bitcoin exploded in 2017 along with other altcoins following its lead and continues its dominance over the crypto markets to date.

Why Gift Cards are Special

Gift cards have also been around for quite some time now. They gained extreme popularity because of how easy they are to buy and gift them to someone. With the card, people can buy what they want depending on what kind of gift card it is.  In other words, a gift card is a convenient alternative to cash. The most popular gift cards come from Amazon,  iTunes, eBay, Walmart, and Starbucks – just to name a few.

The truth is, most of us have given buying bitcoins a thought and some people even have a spare gift card on their hands. Why not trade those extra gift cards for bitcoins and turn your trading dream into a reality?

That said, read on for the key benefits of trading gift cards for bitcoins!

#1: It’s EASY

Gift cards can be exchanged for bitcoins on peer-to-peer (P2P) marketplaces. A P2P marketplace is a platform that connects sellers and buyers, applying a certain fee for its services. On the other hand, you don’t have to search for potential sellers or buyers – P2P marketplaces bring you pools of stakeholders in one place for a low commission. Needless to say, the competition in the industry is sky high, which means that many P2P services offer amazingly low fees!

It’s extremely easy to trade your gift card for bitcoins using a P2P service – all you need is a working computer and a connection to the Internet. The next step would then be to choose your P2P platform. The registration usually follows this general process:

  • Sign up for a free account;
  • Verify your email, phone/mobile number, and identity – if required. Some services require no verification when trading below a certain limit (how much is an average gift card worth anyway?);
  • Start looking for suitable offers!

#2: MOST gift cards serve the purpose

The best thing is that most gift cards can be traded for bitcoins as long as the card hasn’t been redeemed and comes from a reliable retailer. These cards are extremely accessible as you can buy them in almost every convenience store. With these gift cards having high accessibility, it makes it even easierto buy bitcoins.

Useful tip: before selecting a P2P marketplace, be sure to check what gift cards are accepted!

#3: It’s GLOBAL

Gift cards from popular companies, such as Amazon, iTunes, eBay, PayPal, Uber, Sephora, Steam, Airbnb, Google Play, and many others are sold and accepted globally, they can be traded with users located in different corners of the globe.

This only means that there are so many options waiting for you on P2P exchanges. You’re sure to get your best offer in no time!

#4: ALWAYS a way out

Have you been given a gift card that you’ll never use or simply forgot to use, and it’s going to become invalid soon? Trading it for bitcoins is the best way out!

Don’t let your gift card to become just another card you never got a chance to use. You can easily trade it for bitcoins today, making an investment instead of letting a brilliant opportunity go to waste. We’ve already mentioned that Bitcoin is making a comeback, but the price predictions for Bitcoin for 2019 and beyond are exciting as well.

Final thoughts

Gift cards and bitcoins are a perfect match. It’s an easy yet great investment opportunity that’s a win-win for everyone. We hope you will consider trading your gift card for bitcoins or think about making your next trip to the nearest shops to later buy your first bitcoins!

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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