Nigeria: How To Buy Bitcoin With Amazon Gift Card - Hedgewithcrypto

Enter in the gift card amount, select your country (e.g.bet9ja.com United States) and 'Amazon Gift Card'

4. Search and browse for offers

5. Find a suitable seller and click 'Buy'


Localbitcoins is available worldwide in over 250 countries making it a great place to cash out Amazon gift cards in exchange for Bitcoins. With the lack of options to buy Bitcoins using Amazon gift cards, this leaves LocalBitcoins as one of the suitable places that accept Amazon gift card deposits.


Generally, you will find the exchange rate for gift cards to be a little higher than traditional payment methods such as bank transfer, credit card and Paypal deposit methods. However, if you have an unused Amazon gift card and don't know what to spend it on, why not use it to purchase Bitcoin?


Frequently Asked QuestionsCan I Buy Bitcoins With Prepaid Cards?Cryptocurrency exchanges and services such as Paxful, Local Bitcoins and CoinCola allow Bitcoin purchases using a card. These exchanges are available worldwide and support multiple payment methods and local currencies.


Can I Cash Out Bitcoin Into A Gift Card?Bitcoin investors can cash out Bitcoin profits into gift cards and spend like money. The best way to sell Bitcoin to a gift card is using crypto exchanges that offer bonuses for a range of brands and products.


To cash out Bitcoins into a gift card, follow these simple steps:


1. Register for an account with a supported crypto exchange such as Coinbase

2. Complete the signup registration process

3. Verify your email and account

4. Visit the WeGift landing page and authorize WeGift cashout access

5. Select the cryptocurrency you want to cashout (e.g. Bitcoin)

6. Enter in recipient address of the gift card and select country to spend gift card

7. Select the gift card amount and when ready select 'Cash Out'

8. Confirm the order summary and authorize your transaction


Does Amazon Accept Bitcoin As Payment?Amazon currently does not directly accept Bitcoin payment. However, the platform is with Purse.io for individuals to buy items indirectly from Amazon using Bitcoin. The e-commerce giant sparked widespread speculation that it could be preparing for a move into the cryptocurrency space when the company registered three cryptocurrency domains in 2017. This led many to believe the platform would soon accept Bitcoin as payment for goods in the near future.


It was reported that "Amazon had no plans to accept Bitcoin because there hasn’t been much demand yet, and Amazon may simply be protecting its brand name."


While this move has not eventuated today, it appears Amazon only registered these domains to prevent others from using them. But if the adoption of Bitcoin rapidly increases as a payment system, we can expect Amazon to accept Bitcoin directly.


Which Bitcoin Exchanges Accept Amazon Gift Cards?Exchanges such as Paxful, LocalBitcoins and CoinCola accept Amazon gift cards as a payment method to purchase Bitcoin. These services operate a peer-to-peer market place where the buyers set the sell price and accepted payment method, not the exchange.


Is It Safe To Use An Amazon Gift To Get Bitcoin?Amazon gift cards are an instant payment method with a unique electronic code that helps reduce fraudulent activity and theft. It is a safe method to buy Bitcoin as long as this code is not publicly disclosed or compromised.


Users must conduct their own due diligence when using peer-to-peer exchanges in particular as the transaction parameters are agreed between the buyer and seller.


ConclusionSo now that you know how to sell Amazon giftcard in exchange for Bitcoin, the next step is for you to sign up with the services listed above and try it out for yourself.bit.ly There's no excuse to leave unused Amazon gift cards laying around.