Getting Bitcoin without a bank account or a credit card is actually a challenge. One of the most accessible ways is to use an Amazon gift card. In this guide, we will show you how to buy Bitcoin with Amazon gift cards using platforms that connect you with sellers who accept gift cards as payment.
Key Takeaways:
- The best crypto platforms to buy Bitcoins with Amazon gift cards are Paxful, LocalCoinSwap, and Prestmit.
- The exchange of Amazon Gift Cards for Bitcoins often occurs on peer-to-peer crypto platforms where you can explore various rates and sellers, enhancing competition and potentially providing more favorable terms.
Top Exchanges to Buy Bitcoins With Amazon Gift Card
Currently, there are many crypto exchanges that allow their users to buy Bitcoins and cryptos with Amazon gift cards. After conducting many types of research, the list below is three popular crypto trading platforms that can help you buy BTC with an Amazon gift card:
- Paxful
- LocalCoinSwap
- Prestmit
Paxful
Paxful is an online platform facilitating peer-to-peer cryptocurrency transactions, enabling users to buy and sell Bitcoin with other users directly. The platform acts as an intermediary, facilitating the connection between buyers and sellers and providing an escrow service to secure the transaction.
It supports over 450 payment methods, including bank transfers, online wallets, Amazon gift cards, and other options, making it a versatile platform for users worldwide. Currently, Paxful supports only Bitcoin (BTC), Tether (USDT), and USD Coin (USDC) for buying and selling.
How to buy Bitcoins with an Amazon gift card on Paxful
Here is the step-by-step guide to buying Bitcoin (BTC) using an Amazon gift card on Paxful:
- Begin by creating an account on Paxful, ensuring that you undergo the necessary verification steps for both email and phone to secure your account.
- Navigate to the “Buy” section on Paxful’s platform, and choose “Amazon Gift Card” as your preferred payment method.
- Choose a reputable seller based on your specific requirements.
- Review the seller’s terms and conditions thoroughly, ensuring that you fully comprehend and can adhere to their stipulations.
- Initiate a trade with the selected seller, specifying the desired “amount of Bitcoin” you wish to purchase.
- Complete the transaction by making the payment using your Amazon Gift Card.
- Click the “Paid” button, initiate the verification process, and patiently await confirmation from the seller, who will release the Bitcoin from escrow upon successful payment.
- Once confirmed, you will get the Bitcoin (BTC) in your Paxful wallet.
LocalCoinSwap
LocalCoinSwap is another P2P trading platform enabling direct buying and selling of cryptocurrencies like Bitcoin among users worldwide. This exchange prioritizes user control through non-custodial trading, where users hold their own funds, and offers multiple payment methods. It supports over 300 other payment methods, including Amazon gift cards.
LocalCoinSwap also offers reduced fees for smaller Bitcoin trades. Transactions less than 0.005 BTC incur a flat fee of 0.00005 BTC, compared to the standard 1% for larger trades.
How to buy Bitcoins with Amazon gift card on LocalCoinSwap
To buy Bitcoins with Amazon gift card on LocalCoinSwap, you can take these steps:
- Go to LocalCoinSwap and click “Register” instantly to get a free Bitcoin wallet.
- Find the best deals for buying Bitcoin with your Amazon gift card. Use the search bar and the filters to refine your search.
- Start a trade with the seller. Tell them how much Bitcoin you want to buy and fill in the required details.
- Redeem your gift card with the code and send proof of the gift card balance to the seller via the secure chat on the platform.
- Once verified, the seller will check your gift card info and release the Bitcoin from escrow.
Prestmit
Similarly to the crypto exchanges above, Prestmit is a platform for buying and selling digital assets like BTC and gift cards. The platform is highly popular in Africa. Currently, more than 200,000 people are using Prestmit to exchange gift cards, trade crypto, and other things.
It allows you to exchange Amazon gift card for cash or cryptocurrency. They support a wide range of popular retailers, including Amazon, Google Play, iTunes, Steam, and more.
How to buy Bitcoins with Amazon gift card on Prestmit
- Register for an account on Prestmit and verify your email and phone number. You can also download the Prestmit mobile app for your Android and iOS devices.
- Go to the “Gift cards” section and select “Sell Gift Cards”.
- Choose “Amazon” as the gift card you want to exchange.
- Now, select “Bitcoin” as your preferred payment method.
- Type in your Bitcoin address and press “Proceed“. Follow the instructions to finish the transaction. When the transaction is done, you will get a message, and your BTC will be sent to your wallet.
Understanding Bitcoin and Amazon Gift Cards
What is an Amazon Gift Card?
An Amazon gift card is a prepaid stored-value card that can be used to make purchases on Amazon.com. Individuals often purchase these gift cards as gifts for friends or family members.
There are different kinds of Amazon gift cards, such as e-gift cards, brand gift cards, and physical cards. Each gift card has a unique code that can be used to redeem.
What is Bitcoin?
Bitcoin is a decentralized digital asset that works on a P2P network. It enables secure and transparent transactions without needing an intermediary like a government or financial institution.
Created in 2009 by an unknown person or group using the pseudonym “Satoshi Nakamoto”, BTC is built on a groundbreaking technology called “Blockchain“. It is purely digital and can be bought using Amazon gift card on various crypto platforms.
Conclusion
In summary, we guided you on how to buy Bitcoin with Amazon gift card by using platforms like Paxful, LocalCoinSwap, and Prestmit. This is an easy and handy way to get BTC without sharing your personal details or paying extra fees.
FAQs About Buying Bitcoin with Amazon Gift Cards
Can I redeem an Amazon gift card on Binance?
No, you cannot redeem an Amazon gift card on Binance. You can buy crypto with an Amazon gift card on the platforms that we recommended in this article and then transfer crypto to your Binance wallet.
Can I use a gift card to buy Bitcoin?
Yes, you can use a gift card to buy Bitcoin and almost anything. There are several platforms that allow you to buy Bitcoin with gift cards, such as Paxful, LocalCoinSwap, and Prestmit.
Can gift cards be converted to Bitcoin?
Yes, gift cards can be converted to Bitcoin. The process is similar to buying Bitcoin with Amazon gift card, as you will need to use a platform like Paxful that supports gift card trading for BTC.
Can I buy Amazon gift cards with Bitcoin?
Yes, you can buy Amazon gift cards with Bitcoin. There are a few platforms that allow you to buy Amazon gift cards with Bitcoin, such as Paxful and Prestmit. These platforms let you choose the value and region of the Amazon gift card you want to buy and pay with Bitcoin or other cryptocurrencies. Generally, you will receive the Amazon gift card code by email, and you can redeem it on Amazon to buy millions of products.
