Gift Cards

How To Convert Gift Cards For Bitcoins: Full Guide

Gift cards are one of the more common payment methods that have emerged over the years. You may now purchase any gift card at your local retailer and convert it for bitcoins at your preferred exchange. These gift cards range from well-known brands like Amazon and Google Play to lesser-known brands like Subway gift cards. You can find practically any Gift Card to trade for Bitcoins on platforms like Prestmit. The rates for each Gift Card you intend to convert to Bitcoin are given on the platform, as well as the Bitcoin value of the Gift Card.

However, a Peer-to-peer marketplace like Paxful is also ideal for Gift Card trading since it can link you with others who will give you amazing prices.

The exchange provides anonymous ways to purchase and sell bitcoin, as well as a variety of deposit options.

Every lip speak of the goodness and sweetness of investing in Bitcoin. Given the upsurge in the price of this cryptocurrency in the market due to increasing demand, Bitcoin has become the most valuable cryptocoin to people today.

Now is the moment to learn more about cryptocurrency and even purchase some valuable Bitcoin.

There will only ever be 21 million bitcoins (BTC) in existence if you didn’t know. No new Bitcoins can be mined after the final one is mined in 2140.

Consider that there are 47 million millionaires in the world (and counting). That means that even if every millionaire desired to buy one complete Bitcoin, they would be unable to do so. They’re simply insufficient to go around, but luckily, you can still get some.

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Bitcoin is still in its early stages of development. It’s progressively developing, becoming more powerful with each passing day.

And the process of purchasing Bitcoin and other cryptocurrencies has only become more straightforward over time.

We’ll show you how to exchange a  Gift Card for Bitcoin as part of our ongoing content on how to purchase Bitcoin with a Gift Card.

What Is Bitcoin?

Bitcoin is digital money that runs independently of any central authority or government monitoring. Peer-to-peer software and cryptography are used instead.

All bitcoin transactions are recorded in a public ledger, and copies are stored on servers all around the world. A node is a server that can be set up by anyone with a spare computer. Rather than relying on a central source of trust like a bank, consensus on who owns which coins is reached cryptographically among these nodes.

Every transaction is broadcast to the entire network and shared across nodes. Miners consolidate these transactions into a group known as a “block” and add them to the blockchain permanently every ten minutes or so. 

Virtual currencies are stored in digital wallets, which can be accessed by client software or a variety of internet and hardware solutions, similar to how traditional coins are kept in physical wallets.

Can Gift Card Be Converted Into Bitcoin?

Yes, you can swap your Gift Cards for Bitcoins. Several platforms allow individuals to buy cryptocurrency with Gift Cards. To swap any Gift Card for Bitcoin, you simply need to create an account. In addition, many businesses are increasingly allowing their customers to pay using digital assets. As a result, you’ll be able to buy goods and services, invest in cryptocurrency, and even acquire crypto-backed loans if you sell your Gift Card for Bitcoin.

Best Site To Sell Gift Cards For Bitcoin

Some websites might assist you in selling gift cards for Bitcoin. This has made it extremely simple to obtain dollars from anywhere on the planet. The sites may assist you in converting gift cards to Bitcoin but their services may be appalling, you may realise in the end that the rates are very low. So, why not shoot for the stars? Why not sell Gift Cards on a platform that offers the best services and the highest rates for all Gift Cards?

Prestmit is a reliable platform for buying and selling gift cards in Nigeria. You may trade your gift coupons for Naira, Bitcoin, USDT, and other cryptocurrencies.

Prestmit intends to provide you with the best value for your gift cards by offering competitive prices.

Presmit allows you to retrieve, purchase, and sell gift cards from your phone, tablet, or computer. The user-friendly platform is available for both web and mobile users.

For gift card exchanges, Prestmit offers three payment options. You can be paid in naira or Bitcoin, and your gift cards can be converted to USDT at the same time.

In Nigeria, Prestmit offers over 20 different types of gift cards. Click here to sell your gift cards on Prestmit and get compensated to your ledger within 5 minutes.

How To Swap Gift Cards For Bitcoins On Prestmit

Bitcoin has proven to be a good investment over the years, therefore it is understandable when people chose to convert their digital assets like Gift Cards to Bitcoin. We offer good rates for all your trades on Gift Cards and Bitcoin which is why we are an outstanding platform. To feel the good vibes of what it means to swap Gift Cards on Prestmit, follow the steps below;

  1. Create an account with us and log in
  2. Select “START TRADE” from the drop-down menu.
  3. On the page, click “SELL GIFT CARDS.” Then scroll down to the bottom of the page to complete the transaction information.
  4. Select “CATEGORY“: Here, choose the Gift Card’s category, which can be any Gift Card.
  5. Choose “GIFT CARD” and specify whether your Gift card is a physical card or an electronic code.
  6. Choose “AMOUNT” and type in the total number of gift cards you want to sell.
  7. Upload File: Use this field to upload the images of your gift card; otherwise, leave it blank. If it’s in E-code format, type the E-codes in the comments box.
  8. Select “PAYOUT METHOD“: Because you want to convert your gift card to BITCOIN, you’ll be asked to input your Bitcoin address, which will be used to transfer your payment after the transaction is complete.

The Bitcoin value of your gift card will be displayed on the screen when you enter your address. This is generated using our platform’s automated rate calculator, based on current rates and, of course, the best rates.

  1. Finally, click “APPLY,” and your payment will be processed in a matter of minutes.

 

Victor Uche

As a cryptocurrency and gift card writer, I am always on the lookout for the latest developments in these exciting industries. With a keen eye for detail and a passion for staying up-to-date, I strive to provide readers with engaging and informative content that helps them stay ahead of the curve.

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