Last Updated on November 22, 2020 by Ope Quadri
Did you know that you can buy bitcoin with gift cards? In this post, we’ll show you how to exchange Gift Cards for cryptocurrencies and cash.
Most importantly, we’ve also included major platforms that let you exchange gift voucher for fiat currency (e.g Naira) if you’re Nigeria residents.
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
- Closed-loop cards.
In the United Kingdom, it’s called gift token or gift voucher while it’s popularly known as gift certificate among the 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.
Top 17 firms 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 the traditional money.
For instance, the most valuable digital asset bitcoin is expected to reach all-time high before the end 2020 in cryptocurrency predictions released in June this year.
That said, here are the top 17 companies that let you buy cryptocurrency using gift card
- Crypto Voucher
- Gift Cards
Of all the platforms listed above, Gift Card Traders in Nigeria include Legitcards, Pamcoins, and Sandycards.
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 cryptocurrency voucher you can redeem.
Pick your preferred coin and you’re done!
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 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, free bitcoin wallet among others.
On GiftCards, you can easily buy bitcoin and BitcoinCash with gift voucher.
For Nigeria residents, bitcardy buys gift cards and pay you in Nigerian Naira or bitcoin if that’s what you want.
It uses the value of card to pay you in naira with good rate.
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.
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 makes it simple for you to exchange your Amazon and iTunes gift cards with bitcoin or BitcoinCash.
It also allows you 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 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 convenient, the platform launched @RedeeemBot on a popular messenger to allow users sell gifts cards on Telegram.
If you’re searching for platform to exchange your gift cards for Naira, we’ve also got you covered.
Legitcards allows you to buy bitcoin with gift voucher 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.
The Hong Kong-based Coincola is another cryptocurrency exchange platforms 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 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.
You can sell gift card for bitcoin Bitrefill. It also exchange your card with ethereum, BitcoinCash and other cryptocurrencies.
Unlike legitcards, pamcoins which are limited to Nigeria users, Bitrefill supports almost 200 countries around the World.
Bidali also lets you trade gift card with a number of cryptocurrencies, supporting a wide range of cards from different countries.
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 is another gift cards to naira platform Nigeria residents can use. On this platform, you can also sell your cash app funds.
With limited functionality, f
old lets users spend Bitcoin on prepaid Starbucks gift cards which can then be used in-store.
As legitcards is majorly designed for Nigerian users, CoinCards offers similar services for Canadian residents
There is no better time than now to trade gift cards with bitcoin as cryptocurrencies continue to gain more acceptability among major players in FinTech space. If crypto isn’t your choice, you can also exchange your gift cards with cash on some of the platforms outlined above.