There are several platforms where you can conveniently exchange gift cards for Bitcoin and in your local currency. Some of them include Bidali and Crypto Voucher among others.
During “ember months”, you’ll get gift cards for shopping from your relative or business partner. When they send gift cards to you, how do you convert them to fiat currency?
Table of Contents
It should be easier to convert them to either digital coins or fiat currency. As such, we’ve included major platforms that let you exchange gift vouchers for fiat currency (e.g Naira) if you’re a Nigerian resident.
If you’re conversant with trends in Financial Technology, you’d know that gift cards are prepaid debit card which has been pre-loaded with funds for future use for a variety of purchases.
We’ll share with you the best sites to trade gift cards for Bitcoin in Nigeria or get paid in Naira instantly.
Types of gift cards
- Open-loop
- Closed-loop cards.
In the United Kingdom, it’s called a gift token or gift voucher while it’s popularly known as gift certificate among North Americans.
Whatever the name, the major thing is: it is acceptable as a means of a transaction on the platforms we compiled on this post.
Platforms that let you exchange Gift Cards For Bitcoin
The invention of cryptocurrency has completely simplified the way we buy and sell goods and services on online.
To crown it all, gift cards have made accessibility to funds easier from any part of the world.
These two means aren’t like the fiat currencies, they’ve proven to be more effective and faster than traditional money.
For instance, the most valuable digital asset bitcoin is expected to reach an all-time high before the end of 2020 in cryptocurrency predictions released in June this year.
Of all the platforms listed above, reputable Gift Card Traders in Nigeria include Prestmit, Legitcards, and Sandycards.
Prestmit
Prestmit is one of the best platforms to sell gift cards anywhere in the world. The most interesting feature of this platform is that it allows four different payment methods.
Unlike other platforms that are limited, on Prestmit, you can receive payment in Naira, Cedis, Bitcoins or USDT, whichever your choice may be.
Prestmit also offers one of the best gift card rates you can find around, with less than 5 minutes of transaction speed and instant automated payments, it’s easy to conclude that this is the best site to sell gift cards.
What we love about this platform
It’s faster, easier to use as it is available on the Web, Android app, and also iOS app.
Crypto Voucher
Crypto Voucher is a global exchange platform that allows you to buy crypto with gift cards. Crypto you can buy with gift toke on crypto voucher includes bitcoin, BitcoinCash, Ethereum, and Dash.
First, you must provide the card and your personal details, then this platform will email you a cryptocurrency voucher you can redeem.
Pick your preferred coin and you’re done!
Patricia
Patricia technologies allow you to buy and sell all kinds of gift cards and also allow you to buy cryptocurrencies and pay bills. However, some users have complained about low rate on the platform, the essence of this is to find the one that meets your needs.
Egifter
Egifter is one of the most popular places to purchase gift cards online or excha ge your gift token with the cryptocurrency of your choice.
Some of the supported big brand retailers supported by Egifter include iTune, Bed Bath&Beyond, Applebee’s, and Dunkin’Donuts.
On Egifter, you can send a gift card to a friend with a few clicks and a fast crypto transaction. You can trade your crypto with gift token on this platform.
GiftCards
GiftCards is one of the products of provided by bitcoin.com, one of the leaders in cryptocurrency. It has a wide range of other products like Bitcoin gaming and free Bitcoin wallet among others.
On GiftCards, you can easily buy bitcoin and BitcoinCash with gift voucher.
Bitcardy
For Nigerian residents, bitcardy buys gift cards and pays you in Nigerian Naira or bitcoin if that’s what you want.
It uses the value of the card to pay you in naira at a good rate.
Paxful
The leading peer-to-peer (P2P) marketplace Paxful needs little introduction. All you need to do is set up a Paxful account and exchange gift cards with cryptocurrency.
One of the exchanges that facilitate gift card-crypto trades is Paxful, a leading peer-to-peer (P2P) marketplace with a global presence.
You can trade over a hundred gift cards for Bitcoin on Paxful. Some of the supported ones include Walmart, Amazon, eBay, Domino’s, Uber, T-Mobile refill cards, Visa, Mastercard, and Google Play.
Wegift
With over 500 retailers’ gift cards supported, wegift allows you to buy gift cards with Bitcoin. There are plenty of options to choose from, making it an excellent offering to trade gift cards with crypto
Purse
Purse makes it simple for you to exchange your Amazon and iTunes gift cards with Bitcoin or BitcoinCash.
It also allows you to pay for someone’s orders on Amazon and earn BTC or BCH in exchange while allowing the other side to spend some bitcoin.
This is how Purse works: Once a shopper confirms the merchandise has arrived, you’ll receive the coin from escrow.
Redeem
Redeem operates on P2P basis where you can buy and sell gift cards from more than 30 retail brands across the world.
If you have Amazon, Ebay, Walmart, Home Depot, and Best Buy gift token, you can exchange it for Bitcoin, BitcoinCash, Ripple’s XRP, and Ethereum.
During the Covid-19 pandemic, we noticed that Redeem introduced a 0% trading fee for all grocery store gift cards.
To make it easier and more convenient, the platform launched @RedeeemBot on a popular messenger to allow users to sell gifts cards on Telegram.
Legitcards
If you’re searching for a platform to exchange your gift cards for Naira, we’ve also got you covered.
Legitcards allows you to buy bitcoin with a gift vouchers and sell BTC for the local currency.
This platform supports a wide range of gift cards from UK, Canada, Australia, Singapore, Spain, Germany, Switzerland, and Newzealand.
Coincola
The Hong Kong-based Coincola is another cryptocurrency exchange platform that supports peer-to-peer trading of gift cards with cryptocurrency.
On coincola platform is a section where you can purchase and sell bitcoin with cards and e-codes for numerous retailers and other platforms including Apple Store, Netflix, and Spotify.
How it works: On the trading section, choose the gift card you want to sell for bitcoin and filter the offers by fiat options.
Pamcoins
Pamcoins is designed for Nigerian users where they sell git cards from Google Play, Apple, Ebay, Amazon, and Steam, this platform would pay you in either Naira or bitcoin or Ethereum, depending on your choice.
How pamcoins works: Visit the gift cards section and specify the card you want to sell with its amount to get the current rate.
Follow the instructions to get credit in local currency or in your BTC wallet.
Bitrefill
You can sell gift cards for Bitcoin Bitrefill. It also exchanges your card with Ethereum, BitcoinCash and other cryptocurrencies.
Unlike legitcards, pamcoins which are limited to Nigerian users, Bitrefill supports almost 200 countries around the World.
Bidali
Bidali also lets you trade gift card with a number of cryptocurrencies, supporting a wide range of cards from different countries.
Gyft
With an option to choose from over 200 retailers, Gyft allows you to pay for gift cards with crypto.
Gyft is one of the biggest players in the world of crypto gift cards from different gift cards from more than 200 retailers globally.
Sandycards
Sandycards is another gift cards to naira platform Nigeria residents can use. On this platform, you can also sell your cash app funds.
Fold
With limited functionality, fold lets users spend Bitcoin on prepaid Starbucks gift cards which can then be used in-store.
CoinCards
As legitcards is majorly designed for Nigerian users, CoinCards offers similar services for Canadian residents
Bonus:
You can sell the following giftcards and be paid in Naira at a good rate at InfomediaNG Business Solutions, they include:
- Unit coins
- Bulk coins
- Itunes 50$ and above
- Steam 20$ and above
- Google 20$ and above
- Apple 500 and above
- Apple 400-499
- Apple 300-399$
Conclusion
There is no better time than now to trade gift cards with Bitcoin as cryptocurrencies continue to gain more acceptability among major players in the FinTech space. If crypto isn’t your choice, you can also exchange your gift cards with cash on some of the platforms outlined above.
I tried to create Quchange on my phone and I don’t know how because I think I need invitation code before I can access to it?