Crypto is excellent for trading and collecting gains on a crypto exchange, but it also comes with its fair share of limitations, especially regarding spending. For instance, while you can send it to anyone worldwide, spending your cryptocurrencies is challenging since most retailers worldwide only accept some cryptocurrencies.
You would need to go through several exchanges and incur exchange fees to get your hands on fiat money if you intend to spend your crypto.
But not anymore. Buying gift cards with your crypto is one of the best ways to open up a world of options for anyone looking to spend their cryptocurrencies. You can purchase gift cards from Apple, Amazon, and Steam using any popular cryptocurrencies and spend your crypto across several retailers nowadays.
Several platforms help you exchange your crypto for gift cards. In this article, we will guide you through the process and show you some of the most reliable sites you can start with.
Buying a Gift Card With Your Crypto
The process of exchanging your digital assets from your wallet to is pretty straightforward, no matter what site or platform you use to buy the gift cards.
Here is a quick breakdown of the steps you should follow:
Find a Platform:
Look for a reputable platform or online service that offers cryptocurrency gift cards for purchase. Some popular platforms we will look at later in this article include eGifter, Bitrefill, CryptoRefills, and Gyft, to mention a few.
Create an Account:
Sign up for an account on the chosen platform if required. Provide the necessary information and complete any verification steps if necessary. Since you are paying with crypto, some venues will not ask for KYC and will allow you to pay directly with crypto to receive the gift card.
1. Select Cryptocurrency Payment
2. Enter Payment Details
Next, provide the required payment details, including the amount of cryptocurrency you wish to spend and your cryptocurrency wallet address. Double-check the information to ensure accuracy.
3. Complete the Transaction
Now, follow the instructions provided by the platform to complete the cryptocurrency transaction. This usually involves transferring your cryptocurrency wallet to the provided wallet address.
4. Confirm and Wait for Confirmation
After initiating the transaction, please wait for it to be confirmed on the blockchain. The confirmation time can vary depending on the cryptocurrency used and network congestion.
5. Receive the Gift Card
Once the transaction is confirmed, the platform typically provides a digital gift card. This can be in the form of a code or a digital representation of the gift card.
6. Redeem the Gift Card
Use the provided gift card code or digital representation to redeem your gift card with the retailer or service specified. Depending on the retailer’s policies, this can be done online or in-person.
Best Sites To Buy Giftcards with Crypto
Now let’s look at some available platforms that allow you to buy gift cards using your cryptocurrencies.
Coinsbee offers a wide range of gift cards for renowned retailers like Amazon, Xbox Live, Apple, Best Buy, Steam, and more. With over 100 cryptocurrencies accepted, including Bitcoin and Ethereum, it’s one of the leading platforms for cryptocurrency payments. Once you complete the gift card purchase, you’ll receive the code via email for instant use. Coinsbee’s user-friendly interface, top-notch security, and dedicated customer support make it a reliable choice. Discover a diverse selection of gift cards and enjoy a seamless shopping experience at Coinsbee.
Another popular site for buying gift cards with crypto is Bitrefill. You can use this platform to purchase gift cards from over 50,000 retailers, with options from renowned brands such as Amazon, Apple, Steam, Walmart, and Google Play.
With Bitrefill, you can live on your crypto holdings and never worry about finding a shop that accepts your crypto. The Bitrefill platform supports up to seven crypto coins, including popular options such as Bitcoin, Litecoin, Ether, and Dogecoin.
Coingate is also a great platform for anyone looking to buy gift cards from a wider variety of cryptocurrencies and altcoins. With hundreds of retail stores supported, such as Steam, Amazon, and Apple, anyone can buy over 2,000 gift cards with crypto. What makes Coingate stand out from the competition is the fact that you can trade with over 60 cryptocurrencies, including altcoins such as file coin (FIL), Chiliz (CHZ), and Basic Attention Token (BAT).
eGifter lets you shop for gift cards from over 300 retailers. This is a well-known site in the space as it was launched in 2011 and started accepting Bitcoin as payment for gift cards as early as 2013. Today, eGifter continues to be a prominent player in the gift card industry, providing a convenient and secure platform for users to shop from a vast selection of gift cards offered by over 300 retailers.
Last but not least is CryptoRefills. This Dutch-based startup emerges as a versatile alternative that caters to the needs of cryptocurrency enthusiasts seeking to purchase gift cards and top-ups using various digital currencies. This innovative platform supports a diverse array of cryptocurrencies, including Lightning, Polygon, Avalanche, Fantom, Arbitrum, Binance Smart Chain, Optimism, OKX Chain, and Ethereum. You can buy from over 600 e-commerce stores across more than 150 countries.
Conclusion: Instant Crypto Payments
So there you have it; buying gift cards with cryptocurrencies opens a whole new world of possibilities. While there’s a learning curve to it, understanding and harnessing the power of digital currencies can offer you versatility and convenience in e-commerce. So why not give it a try?