Bitcoin is referred to as the “digital gold” by many investors because aside from being a digital currency, it serves as a very good store of value to hedge against inflation.
Since the invention of this digital currency in 2009, it has gained a lot of traction in South Africa, Africa and the world at large.
Bitcoins are used for transactions without the involvement of any third party like the banks. This is unlike the regulated method of transactions like fiat currencies, debit cards and Gift Cards.
Since Bitcoin offers a secure, anonymous and unregulated transaction to users, it becomes very attractive to potential users.
There are many ways to get hold of some Bitcoins without even buying them. Many digital assets are liquid and they can be easily converted from one asset to the other.
A good way to venture into the Bitcoin ecosystem is by converting Gift Cards to Bitcoins.
Often, South Africans get Gift Cards as gifts from loved ones which they eventually end up not redeeming for so many reasons. These Gift Cards can be utilized properly by selling them for Bitcoin in a very simple way.
This article will fully elucidate how one can sell Gift Cards for Bitcoin in South Africa.
What Is A Gift Card?
A Gift Card is simply a card preloaded with some amount of cash, issued by retail stores and business brands to their customers for the ease and convenience of buying their goods and services.
Other motivations behind the use of Gift Cards by both parties are to reduce the extra charges that could emanate from the third party and to increase the brand awareness.
Gift Cards can be issued in different denominations ranging from $5 – $500, depending on the customer’s choice.
Where To Exchange Gift Cards For Bitcoin In South Africa
The first and most crucial measure one must take before turning in one’s Gift Card is choosing the best platform to carry out the transaction.
Many online platforms have emerged over the years to bridge the gap between Gift Card sellers and buyers. As such, they offer to purchase the Gift Cards for cash or cryptocurrency at a given rate.
In South Africa today, the leading platform for exchanging Gift Cards to Bitcoin is the Prestmit app.
Prestmit app is a highly secure app that offers users a seamless way to trade both Gift Cards and Bitcoins effortlessly.
The app offers high rates, security on assets, fast payment, live chat, good user experience and multiple payment.
Prestmit has proven to be the most used app in Africa as a whole with more than 100,000 users who have subscribed to the platform.
Every brand of Gift Card from anywhere in the world can be traded for Bitcoin at very high rates on the Prestmit app.
Trading Gift Cards for Bitcoin on Prestmit is just a few seconds of exercise.
What are the special features of the Prestmit app that makes it an outstanding app for Gift Cards?
1. Instant Payment:
Payment for successfully traded Gift Cards on Prestmit is instant. Prestmit allows users to request a withdrawal and receive funds in less than five minutes. Funds are automatically saved in the user’s Prestmit wallet and can be withdrawn anytime.
Prestmit is the fastest app for trading any type of Gift Card, including the ones used abroad.
2. Good User Experience and Interface:
Another distinguishing feature of the Prestmit app is the user-friendly interface it possesses. Unlike most complicated apps, Prestmit is very easy to navigate through and trade with.
3. Live Chat:
All complaints and reviews aired on the live chat feature of the app are swiftly taken care of by the customer service representatives.
Have an issue with your trade? Just hit the live chat button and get it over with.
4. Best Rates:
The main feature of a good trading platform is the rates offered by the platform. If you’ve been looking for a platform with extraordinary rates, then Prestmit is the best option you have.
Prestmit offers the most competitive rates in the gift card market. The gift card rate calculator is an automated feature of the Prestmit app. You can use it to keep track of the current rate of numerous Gift Cards in Bitcoin, Naira, Cedis, and USDT.
One of the major objectives of the Prestmit platform is to give maximum security to users’ asset against any form of cyber-attack and fraud. It is imbued with the best cyber-security technology to barricade any form of attack.
Many people are adamant on the platform that gives the maximum security for their assets, in that case, Prestmit is the best shot.
6. Multiple Payment Options:
Unlike some platforms where users have one option of payment, Prestmit offers multiple payment options for traders.
Prestmit app users can be paid for their gift cards with cash transfers (Naira and Cedis), Bitcoin, or USDT.
How To Sell Gift Cards For Bitcoin In South Africa
Buy Bitcoin with Gift Cards in South Africa with the fee steps below:
- The first step is to download the Prestmit app from the Google Play Store or Apple Store and sign up.
- Select “Start Trade” from the drop-down menu.
- Select “Sell Gift Card” and fill in the Gift Card information by scrolling down the page.
- Click on Bitcoin as the payment method since you’re exchanging Gift Cards for Bitcoin.
- Select “Category” and choose the type of Gift Card you want to sell. Example; Steam physical Gift Card
- Click on “Gift Card Type” to choose the type of Amazon Gift Card in your possession. Example; USA Steam physical (50-100). This means that the Steam Gift Card is between the value of $50-$100.
- Select “AMOUNT” from the drop-down menu: Input the total amount of Gift Cards you’d like to convert to Bitcoin. Based on current rates, this is calculated using an automated rate calculator. When you enter the amount, the Bitcoin value of the Gift Card will be immediately displayed.
- Upload the Gift Card image if you have a physical card.
- Enter your Bitcoin wallet address in the comment section.
- Finally, click “APPLY” to complete the transaction after which the payment will be credited immediately into your Prestmit BTC wallet.
Nothing indeed goes to waste in the universe. You may not be a fan of Gift Cards and probably think those Gift Cards you get from friends and family are useless. Well, you can convert them to the most valuable digital treasure of our time, Bitcoin.
Prestmit app is the best shot for this wherever you are in South Africa and the world at large.