Gift card to BitcoinsYou cannot talk about cryptocurrency without talking about the leader of the pack, Bitcoins. Since its invention in 2009, it has gained a lot in value and is currently the most valuable asset in the world. The world is gradually opening up to the possibilities of Bitcoins becoming an alternative to fiat cash. From the look of things, it looks like the only route for the pioneer cryptocurrency is upward. Investing in Bitcoins at this point is a no-brainer. But some countries, like Nigeria, put a ban on bank transactions involving cryptocurrency. So how do you invest without cash or using bank accounts? The answer is gift cards. Yes, you can trade gift cards for bitcoins. In this article, the brand of a gift card we will be focusing on is the Steam gift card. We are going to learn how to trade the ultimate gaming gift card for Bitcoins.

What is a Steam Gift Card?

Steam gift cardTo get a clear understanding of what Steam gift cards are we need to first understand what Steam is.  Steam is an online platform that allows its users to play and create games and also discuss with other gamers. The users can buy and store games on the platform and do not need a video game console to use it.

Gift cards are prepaid cards that are used to redeem items from merchants. There are two types of gift cards: open-loop and closed-loop gift cards. Open-loop gift cards are used in business organizations that accept the brand of the card as a payment method. An example of an open-loop gift card is a Visa gift card. Closed-loop gift cards on the other hand can only be used on platforms or stores affiliated with the brand of gift card. Steam gift cards fall into this category of gift cards. This is because they can only be used to redeem items or services on the Steam platform.

So basically a Steam gift card is an alternative means of payment on the Steam platform.

How To Trade Steam Gift Cards For Bitcoins

To trade your Steam gift card for bitcoins you have to, first of all, create an account on a safe platform that buys Steam gift cards at high rates. This is the only way to redeem your Steam gift cards for Bitcoins. Through reliable, safe/easy to use gift card exchange platforms like Prestmit.

After creating your account follow these steps to complete your trade:

  1. Log in with the account details you created.
  2. Select Steam gift card as the gift card you want to sell.
  3. Fill in the required details (this will include your Steam gift card number).
  4. Pick Bitcoins as your payment method.
  5. Wait for card confirmation and get your payment.

Buying bitcoins with Steam gift cards has never been this easy. Log on to Prestmit and trade your Steam gift card for bitcoins.