A few fractions of gift card owners spend the money on purchasing items from retail stores but a good number of gift card owners often look out for ways to sell gift cards either for cash or crypto. This behavior has motivated an opportunity for so many platforms that deal in the business of exchanging gift cards for cash or crypto and Paxful is one of these online platforms.
Paxful is an online peer-to-peer network and app that allows people to buy and sell different types of cryptos like bitcoin, etheruem, and tether. It offers over 350 methods of payment including gift cards. Many people all over the world use Paxful as a medium to sell gift cards.
One important thing to note about Paxful is that gift cards can only be sold for cryptocurrencies and not cash, the crypto is automatically added to your Paxful wallet. It is safe to say that gift cards are one of the acceptable modes of payment for any chosen crypto. Hence, you can buy any crypto of your choice using your gift card. However, you can sell the crypto for cash afterward, when you find a suitable buyer.
How To Sell Gift Cards On Paxful
You can sell your gift cards on Paxful using the simple steps below;
Sign up – When you create an account, you will automatically be given your free Bitcoin wallet. You will need this wallet for your future earnings, so you need to secure it with a strong password, enable two steps verification and verify your ID.
Find an offer – Once you have opened your account, create an offer by clicking on the left top corner of the homepage, you will be taken to the offer creation page, click on buy bitcoin, select the method of payment (gift card), the amount of Bitcoin you’re willing to purchase and your preferred currency, then click Search for Offers. Search through the list of available offers, select the one that is the best fit for you, and study the seller’s terms and conditions.
Start trading – If you are satisfied with the seller’s terms and conditions, then input the amount of Bitcoin you want to buy, and start the trade which will open a live chat with the seller. Follow the seller’s instructions to make the payment and confirm it.
Accept the Bitcoin – The seller will then release the Bitcoin directly into your Paxful wallet.
The steps above are simply how to sell gift cards In Paxful. If you also wish to get some cash, you can as well sell the bitcoin using cash payment as your preferred method of receiving payment.
With these simple steps above, you can sell your gift cards on Paxful with ease.