In an inadvertent situation like the Coronavirus pandemic, giving the capital market a heavy blow, and in turn, affecting economies, the idea of converting gift cards to Bitcoin might appear too real to be true, but it is possible. Due to the effect of the pandemic, anything has the propensity for turning into currency amid the fiat system experiencing cash shortages and devaluation in some places of the world.
Today, Bitcoin users have the option of trading their gift cards for Bitcoin on a platform like Prestmit, instead of converting their gift cards to fiat currency. Prestmit is a leading exchange marketplace with an international presence. The trading platform supports purchases and sales of Bitcoin using a wide variety of payment methods.
Over a hundred gift cards can be traded for cryptocurrency using Prestmit. Popular options include cards issued by well-known retailers such as iTunes, Steam, Googleplay, American Express, Vanilla, Best Buy, Target, Netflix, Amazon, eBay, Walmart, Play Station, Apple, Footlocker, Sephora, Colorpop, Nordstrom, etc. These unused gift cards can be sold at amazing prices.
So, how do you get started with the sales of gift cards for Bitcoin on Presmit?
1. Create An Account
Register an account on Prestmit and proceed to log in. Click on Begin Trade or Start Trade options to get started.
2. Select Gift Card
Scroll down the page to fill in the trading details and select the gift card want to sell. You will be provided with the options of the type of specific gift card you want to sell.
You will be required select the category (name of the gift card), then the subcategories under it will be displayed. For instance, USA STEAM PHYSICAL (50-100) means:
- Steam Gift Card bought in USA
- Physical = You have the picture
- 50-100 = The amount is within 50 to 100
3. Choose An Amount
This is where you enter the total amount of gift cards you want to sell. For instance, if you are selling a $100 iTunes gift card in 10 pieces, it means the total amount is $1000. When you enter the amount, the price you will get in return will be displayed. This is calculated according to the current rates.
4. Payout Method
Click on Bitcoin as your preferred payment method. Selecting Bitcoin, you will be asked to enter the Bitcoin wallet address which is where your payment will be sent once the trade is completed.
5. File Upload
Here, you will upload pictures of your gift card. You can upload up to 25 pictures in a trade. If you are trading ECODE, that doesn’t require a picture. So you can leave this field empty by entering the ECODE in the comment section.
6. Receive Payment
You will receive payment upon the confirmation of your card.
NOTE: Every trade comes with set terms and conditions for a better understanding of what the trade entails before proceeding. Hence, read through before submitting the trade.
The trade is received and processed immediately after the trade is submitted. An email notification will be sent to you to keep you updated upon completion.
While there are many websites out there that claim to enable you to sell your gift cards for Bitcoin, it is best to use reputable exchanges like Prestmit to prevent your personal information or coins from being stolen.