Do you know the crypto world has allowed you to buy bitcoin with gift cards? Yes, it’s true. It might be surprising for some who have just joined the crypto world, while some already know about it. Many gift cards are available for purchase and sale using bitcoin.

This article will ease the process of buying and selling gift cards for bitcoin online.

The wonderful thing about getting Bitcoin using a gift card is how broadly available these gift cards are. Gift cards may be purchased in Australia from a variety of shops, including Australia Post, BP, United, Freedom Fuels, 7-Eleven, and NewsLink.

Digital Gift Cards are available in standard values of $15, $25, $50, and $100 and are sold at markets, grocery shops, and corner shops across the world. Please keep in mind that percentages vary depending on the retailer and the area of purchase.

In Australia, tangible gift cards are often available in values of $30, $50, and $100. You can, however, enter your own amount ranging from $30 to $500.

Benefits of Using a Gift Card to Purchase Bitcoin

•  Gift cards are a secure way to purchase Bitcoins since you do not have to submit your bank information.
• Gift cards of this type are readily available and may be bought online.
• Gift cards may be used for a variety of transactions, thus many Bitcoin traders accept them.

How Can I Purchase Bitcoin Using a Gift Card?

If you’re curious to know how to invest in Bitcoin Australia using a gift card, then this guide would be very helpful for you. Buying Bitcoins using gift cards can be simple or difficult, based on how you think and act. Gift cards are fairly easy to purchase in most nations, including Australia, due to their widespread availability. 

If you buy straight from a Bitcoin vendor, you will simply need to supply the gift card number and the address of your bitcoin wallet. The exchanged sum will then be deposited into your bitcoin wallet by the seller. This implies that no effort is necessary to create an account with platforms, and there is no chance of losing personal information.

The Complete Guide to Purchasing Bitcoins Using Used and New Gift Cards

Bitcoin has changed tremendously since its inception in 2009. There are now more products you can purchase with bitcoin, and there are a plethora of new ways to acquire bitcoins.

Steps To Purchase Bitcoin Using Gift Cards on Paxful 

• Complete the account activation procedure at Paxful.
• Verify your account.
• Select “Buy Bitcoin” and choose your favourite gift card.
• Open a transaction with the vendor and finalise the terms.
• Bitcoins are delivered immediately to your Paxful wallet.

That’s all! Look how simple it is to acquire bitcoins with gift cards. 

The Gift Card Arena

Gift cards have now become a common payment method that emerged this year. You can also acquire a gift card from your nearby store and later you can convert it to bitcoins by using any peer-to-peer exchange. These gift cards range from well-known brands such as Amazon and iTunes to unknown or little-known brands such as Subway. Almost ANY gift card may be traded for bitcoins on services like Paxful and Localbitcoins.

Platforms like Paxful and Localbitcoins are fantastic for gift cards. These exchanges take care of the users’ privacy during buying or selling procedures. We are certain that peer-to-peer marketplaces are the new big thing because they eradicate the government factor, enabling bitcoin to be utilised for its intended purpose: to facilitate peer-to-peer trades.

The good news is that customized gift cards are available at most bigger retailers making them ideal gifts for kids, teenagers, instructors, and anybody else. A gift card is a terrific present since it can be customised and allows individuals to spend their money any way they choose.

What Exchanges Offer Gift Card To Purchase Bitcoins?

Establishing an account on Paxful or Localbitcoins is the first phase in purchasing bitcoins with gift cards. It is incredibly simple to set up an account on either of them. We’ll go through the benefits and drawbacks of each platform and let you pick which one is best for you. For more information Check also eToro Australia review.

1. Paxful

Paxful has evolved to be one of the world’s largest platforms in the latest days, and it continues to expand. This is due to their commitment to transparency when it comes to customer experience. Paxful accepts more than 300 payment options, making it simple for users to purchase and sell bitcoin. They have a specialized customer care team working around the clock to resolve problems and assist newcomers who are unsure how the site operates.

Paxful, like any other peer-to-peer network, battles to keep fraudsters out of its platform. There will always be black sheep on peer-to-peer networks, and they will never be able to do away with them, therefore we must believe them when they claim they’re attempting to get rid of them. 

2. LocalBitcoins

LocalBitcoins is a cryptocurrency trading platform for individuals that allows customers to buy or sell their cryptoassets. LocalBitcoins enables merchants to create offers in any currency.

Localbitcoins is one of the earlier peer-to-peer networks, therefore it has greater experience in a shorter period of time. They take pleasure in offering every payment method possible as well as anonymous choices for those who choose to remain unknown. If everything runs perfectly in your trade, Localbitcoins is a quick method to get bitcoin.

Localbitcoins difficulties happen when things do not go as planned. Localbitcoins, like as Paxful, are equally vulnerable to scams just like all P2P platforms are. When you have a difficulty that has to be addressed, their customer support isn’t ideal.

So, which is better compared?

If you want to swap gift cards for bitcoins, we believe Paxful is the best option. Paxful excels on gift cards that the majority of their biggest sellers work with multiple types of gift cards varying from iTunes gift cards and Amazon gift cards to CVS gift cards. Paxful provides a superior customer service system than the other two peer-to-peer systems. That is the primary advantage Paxful has over Localbitcoins. If you have a problem with Paxful, you will just have to wait a few days. People have reported about a sluggish site and an unfriendly customer care personnel at Localbitcoins.

Some may disagree, but whoever is reading this should understand that the key to selecting a platform is chosen. Choose whatever puts you most at ease.

Choosing The Best Offers

Choosing the right offer is one of the simplest aspects of exchanging gift cards for bitcoins, but it is also one of the most dangerous. There are two components to selecting the greatest proposal to be able to filter out fraudsters and (2) selecting the best price options.

The key to avoiding risk is to trade on the platform of your choice. Every trader should be informed of the hazards involved. These dangers include the ripping of the code from your gift card and merchants that are inattentive. These may be quite inconvenient for your trading experience, especially if you’re new to bitcoin trading. When it comes to avoiding these dangers, each platform has its own set of tips and methods.

Conclusion

After you’ve found the finest offer for your requirements, you’ll need to meet all of the seller’s conditions. Usually, this entails disclosing your gift card code and providing additional information to help the seller feel relaxed.

Allow the seller to unlock the bitcoins from custody once you have fulfilled all of the prerequisites and completed all of his or her directions. Once they’re available, the bitcoin network must validate the transactions, and you should receive your bitcoin soon.