If you have extra gift cards that you do not need them, you can turn them into bitcoin today – simply buy BTC with a gift card instantly. Although there are many online providers where you can convert gift cards to bitcoin, only a few of them will give you a fair amount of crypto for your gift card. The problem is that you will get a meager amount of bitcoins for your dollar card value. It depends on which provider you choose, but quite often you will get only 50% of bitcoins of your gift card value. In order to sell your gift card, you will have to trade bitcoins on a person-to-person platform.
Convert Gift Card to Bitcoin at LocalBitcoins
A popular platform to sell your gift card for bitcoin is LocalBitcoins. You need to find a trader that is going to accept your gift card and send you cryptocurrency. Currently, there are offers for Amazon gift cards, eBay, Target, Walmart, and Visa gift cards, from time to time also offers for Apple store gift cards, Starbucks, Amazon, and similar get listed.
It is not that easy to understand how much you will get for your gift card at LocalBitcoins. Check the nominated price in bitcoin, and you will see how much crypto you can get for your card. For example, the seller displays the price per bitcoin at 10.000$. It means that you will get 0.01 bitcoin for your 100$ gift card. But let say that the current bitcoin rate is 5.000$ and with 100$ in cash you could buy 0.02 bitcoin. It means you only got 50% of your card value in bitcoin.
Get Bitcoin at Paxful
This platform is very similar to Localbitcoins, described above. Buy a gift card with cash at your local drugstore (save the receipt too) and exchange it here for instant bitcoin. At Paxful you buy bitcoin directly from other people.
Browse the offers for gift cards (for example Amazon, Steam, Walmart, or Vanilla Visa) and start a trade to begin. Compared to Localbitcoins rates for your gift card are lower here, but many more offers are listed.
Buy Bitcoin with Amazon Gift Card
If you own an Amazon gift card, a good place to to check is Purse. Somehow you can get bitcoin for your card if you buy stuff for someone else on Amazon. The idea is that you pay for their Amazon wish list with your card and they give you bitcoin in reverse. Purse acts as an intermediary. It offers users the platform, bitcoin wallet, and escrow for transactions. You can also import your Amazon gift card codes directly to Purse and sell them for bitcoin instantly.
Buy gift cards with bitcoin
Many online services are providing the other way around: you can easily Buy Gift Cards With Cryptocurrencies. For example, you can easily buy Amazon gift card and pay with BTC, ETH or LTC.
Get BTC For Your Gift Card at LocalCryptos
This platform is very similar to LocalBitcoins & Paxful, however, this is a non-custodial P2P marketplace, meaning people buy and sell crypto on their own terms, using various payment methods. LocalCryptos is a peer-to-peer marketplace where people exchange crypto with each other.
Unlike other P2P marketplaces, LocalCryptos keeps you in charge. They don’t invade your privacy, and they don’t touch your funds. Hackers have stolen several billion dollars from centralized crypto services. LocalCryptos takes a different approach. They cut a platform risk by putting you in control of your wallet. When trading on LocalCryptos, only you know your private key — they never take custody of your coins. There are many gift cards accepted: Amazon, Vanilla, Zelle, iTunes, and others.
- If you just want to try bitcoin or want to buy bitcoin in a small quantity, buying it with a gift card is an easy way to do. For larger amounts this is a pricey option.
- If you want to stay anonymous while buying coins, buying bitcoins with a gift card is a great way to do as you can buy gift cards in any local shop keeping your identity safe.
- Please see our bitcoin coupons & discounts section too