You Can Buy Bitcoin with a Prepaid Debit Card Here’s How. 2023

How to buy bitcoin with gift card

You can hear about the whole thing on Citadel Dispatch episode 99 with the owner of Paxful. The Paxful website is still up, but I recommend against using it. If you want to buy gift cards online, it is best you consider using PayPal. You can buy over 300 gift card brands using your PayPal balance. You can also gift your friends and relatives gifts like iTunes, Apple, Xbox and many others using PayPal.

  • To accept the gift, the recipient needs to sign up for a Robinhood crypto account and get approval.
  • Feel free to check gift card rates
    today or check the top
    10 best gift cards with highest rates at any time.
  • You can look for platforms that allow you to use the gift cards as a form of currency to buy Bitcoin directly.

Since 2019, ID verification is also needed for users trading over 1000 dollars. The team at only recommends products and services that we would use ourselves and that we believe will provide value to our readers. Members from other parts of the world will be able to access the site through the use of a VPN.

Buy more than 2000 Gift Cards with Bitcoin or other Cryptocurrency

This means you don’t have to worry about being scammed as both the seller and buyer need to complete the transaction before the funds are released. The information provided on this page is for educational purposes only and is not intended as investment advice. We may receive compensation from our partners if you visit their website. There’s quite a variety of things on people’s shopping lists here, from frozen strawberries to electronic equipment. I tried to figure out what the typical shopper here was trying to accomplish, but there was a huge mix of requests on the platform. Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions.

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Some people have also figured out a business model where they can buy goods for a discount using these second hand gift cards, then resell those goods for a profit. There are all kinds of pockets in the market where things are not available in certain parts of the world, so there are many ways arbitrage opportunities. To buy a Bitcoin gift card with PayPal, browse a website that sells Bitcoin gift cards and select the gift card you want.

What is a prepaid card, and how does it work?

In those cases, investors can use third-party payment platforms such as PayPal, Venmo, Skrill, Neteller, or Stripe to deposit funds into their accounts. While eToro doesn’t accept prepaid cards or gift cards, it does allow other deposit methods, such as PayPal. This is a simple and quick workaround to start using prepaid cards and deposit funds to eToro. For this method, prepaid cardholders will need an active PayPal account with a linked card or a PayPal account with available funds. As PayPal also accepts gift cards, the same method applies to prepaid gift cards.

How to buy bitcoin with gift card

In addition, you will often have to buy Bitcoin with a gift card from an individual seller, which means you’ll have to be wary of scam attempts. Through the BitPay app or website, you can buy more than +60 top cryptocurrencies and stablecoins with prepaid Mastercard or Visa prepaiddebit cards. Tap the “Buy” button on the app’s home screen to buy crypto with a prepaid debit card. In addition to Bitcoin (BTC), BitPay supports more than 60 of the most popular cryptocurrencies and stablecoins including Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and many more. Unlike Paxful which only accept gift cards that have a denomination printed on the card ($25, $50,$100), with Purse you can sell any fraction of the card value. You can buy crypto with a prepaid card by depositing funds from your card into a licensed third-party crypto trading platform.

We’ll also feature some alternatives for purchasing Bitcoin that are similar to using gift cards. Now you know how to turn your extra gift cards to Bitcoin, instantly and safely. Paxful removes the middleman, allowing potential buyers and sellers from all over the world to meet and trade directly with each other, easily, quickly and securely.

Peer-to-peer Bitcoin owners

Deposits and withdrawals via credit card and debit card are mostly instant. Once you have found a reliable seller, you need to start a trade. As soon as a trade is initiated, the sellers Bitcoin will immediately be debited and placed into escrow. After the sellers Bitcoin is with the escrow service, you need to provide them with your gift card information. If you are interested in buying Bitcoin with gift cards, the first step is to have some gift cards to exchange. We have outlined below some of the best online marketplaces you can utilize to obtain gift cards at great rates.

How to buy bitcoin with gift card

Perhaps this explains why everyone wants to invest in some, there might be no better time to do so than now. If you’re interested in other ways of buying Bitcoin, make sure to check out our ultimate guide to investing in Bitcoin. Then, you will able to see a list of all the available offers that meet your criteria. Make sure to only look for offers that are applicable to residents of the country where you live. Use of this Web site constitutes acceptance of the General Terms and Conditions and Privacy policy. All copyrights, trade marks, service marks belong to the corresponding owners.

Can I purchase Bitcoin anonymously using a VISA gift card?

Crypto enthusiasts worldwide can now purchase, sell, and hold crypto tokens with as little as $1 invested via Visa gift card, one of the most famous mobile and online payment platforms. So if you’re considering adding cryptos to your portfolio, you should consider which exchange to use, if you should invest in cryptos at all. For most people, the easiest way to do this is to sell your gift card online for money and then use that money to purchase bitcoinor ether. EGifter is a marketplace that allows users to purchase gift cards at surprisingly low rates. A standout feature of the site is its unique points system, this rewards system has been a fundamental part of the growth of the marketplace.

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Then, the platform will provide you an offer for your gift card. If you accept the offer, you will receive a Crypto Voucher gift card that you can then redeem for Bitcoin using the Crypto Voucher platform. Prestmit website is built with love to give you the simplest gift card trading experience ever and ensure you never find it difficult to use. All you need to do is initiate a trade and wait for an update within few minutes. You will also receive notifications via email on transaciton updates.

Make sure to check the expiry date of your crypto card since some expire after a short period. The CEX.IO crypto exchange is a simple and convenient platform for buying, selling, trading, and earning cryptocurrencies. The company follows the world standards of providing financial services which allow CEX.IO to operate in 193 countries. When you’re going to buy Bitcoin with a debit card prepaid credit card, or bank transfer, make sure your bank is crypto-friendly and will allow this kind of transaction.

You will be glad to know that you can also sell gift cards for Bitcoin. Find one that looks trustworthy, preferably with good reviews, and offers what you want, then select the amount you wish to gift and pay for it. You can also use a prepaid card to deposit USD, EUR, GBP, RUB to your CEX.IO account. Then you can buy Ethereum (ETH), Bitcoin (BTC), and other crypto with these funds.

How to buy bitcoin with gift card

Technically, when you buy bitcoin will WellWallet, you are buying bitcoin with a gift card… just not in the way that most other exchanges on my list have you do it. Cash App users can also gift cryptos with their debit card, USD balance or Bitcoin. Your recipient can choose to receive the gift in USD instead of Bitcoin. At the moment, the service is free and only available to US users.

Such platforms make it very simple to spend your Bitcoin for practical purchases. You can use BTC to get gift cards that will allow you to purchase video games, clothing, subscriptions, electronics, mobile apps and much more. You can buy crypto with a prepaid card at various online brokers; however, not all exchanges will allow you to do so directly. Some crypto brokers will require you to transfer funds to a third-party payment platform like PayPal first. Anyone stepping into the crypto world without much prior knowledge should choose Paxful for its secure payment-processing system and user-friendly interface.

Yes, Coinbase actually sells bitcoin gift cards, which can be used to redeem for bitcoin on their platform. However, Coinbase is a bitcoin exchange which emphasizes and incentivizes trading alternative cryptocurrencies, akin to gambling. I strongly recommend against sending newbie bitcoiners to Coinbase exactly for this reason. You can use your payment card, bank transfer option, or e-wallet like Skrill, Epay, Advcash. Deposits and withdrawals via credit cards and debit cards are mostly instant. Bank transfers can take 1-3 business days, but some options are free of charge on CEX.IO.

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