Buy Bitcoin with Amazon Gift Card
Amazon supports the purchase of cryptocurrency, indirectly! So, if you or any of your friends and relatives is a crypto enthusiast. You can buy Bitcoin with Amazon Gift Card.
All you need to do is to get an Amazon Gift Card and buy Bitcoin or other digital coin using a third-party website/platform that supports such kinds of exchanges. Though Amazon doesn’t sell cryptocurrency on their website, they offer Amazon Gift Card and allow people to buy Bitcoin by selling the Amazon Gift Card. If you too have Amazon Gift Card and want to buy Bitcoin against it, you can go ahead and buy Bitcoin or other similar digital coins, by using third-party platforms, as mentioned herein below.
We will walk you through various platforms from where you can buy Bitcoin with Amazon Gift Card. So, read this article till the end and you will get to know various options on how and where to sell these gift cards for Bitcoins.
What is Amazon Gift Card?
Amazon Gift Card is a prepaid gift instrument and you can redeem it against purchase items on Amazon. along with its partner merchants. Amazon Gift Card comes in three different types:
- Physical Card
- eGift Cards (E-mail & Share via link)
- Anytime Gifts.
How to buy Bitcoin with Amazon Gift Card?
To buy Bitcoin with Amazon Gift Card, we are hereunder providing your details for a couple of platforms, i.e. Paxful and Purse. You can sign up with any of the platforms, from the respective official site of Paxful and Purse, and you are good to go.
Paxful is a popular Bitcoin marketplace, where you can connect with Bitcoin buyers and sellers from around the world, it will increase your chances to find a compatible buyer/seller who would accept your preferred mode of payment.
You can pay for your purchased coins using different payment methods, likewise credit or debit cards, bank transfers, vouchers, and even Amazon gift cards!
Paxful is having such a broad scope of payment options. Though users add their own fees as well, and you might have to search for a while to find out a decent offer for you.
Paxful applies buying limits according to the identification level you have completed. Likewise, if you have registered with your email id and phone number, and get them both verified; you will get the limit of $1,500.
Further, if you uploaded an ID card, your limit jumps up to $10,000 straight away.
To sell your Amazon gift card against Bitcoins by using Paxful, you have to follow these below steps:
- Visit the website and sign-up with Paxful
- Go to the ‘Buy Bitcoin instantly’ link
- Select ‘Amazon gift card’ as your preferred payment option
- Enter the gift card dollar amount and search for the best offers
- Find a suitable offer and click on ‘Buy’ to complete the transaction.
Paxful is a platform that includes an escrow service, which means the funds are held by the exchange until both parties have fulfilled their side of the transaction. The escrow service protects traders and ensures a secure transaction.
Purse is another option for you to buy Bitcoin from; it was founded in 2014 and still remains the most popular exchange platform that Amazon allows around the world, to swap their gift cards for different assets.
To buy Bitcoin from your Amazon gift card balance, you will need to purchase the merchandise for other Purse users on Amazon, the process to getting started is so simple; all you need to do is to visit the website and complete your sign-up process if you haven’t yet. Once you sign-up, navigate to ‘Earn’ and browse the available offers/orders.
You can filter offers by ‘Country’ and sort them accordingly by the amount of Bitcoin that you wish to buy. Once you find the suitable offer, click to preview, and then select ‘Accept Offer’.
Double-check your order, before process any further.
Now, you will be taking to the Amazon site with the items added to your cart. Check and accept the offer.
After completing the purchase, copy and paste your Amazon Order ID and click on ‘Submit’ on Purse.
Once the order has been delivered, the shopper will receive a notification.
Bitcoin will release from escrow once the delivery has been confirmed. This means you don’t have to worry about being cheated since both, seller and buyer, need to complete the transaction before funds are released.