cryptocoingossip

Gift cards are your go-to for snagging discounts or sending a little shopping spree to far-off relatives.

Especially during the COVID pandemic, gift cards have been all the rage alongside other online payment methods.

But guess what? None of the big-name online stores let you buy Bitcoin or any other crypto with gift cards. And we all know cryptos are the next big thing online.

But hey, no need to stress! The solution’s here now with plenty of platforms popping up to let you snag Bitcoin using all sorts of gift cards.

Let’s check out a couple:

1. LocalBitcoins.

You’ve probably heard of LocalBitcoins; they’re the big shots in P2P crypto exchanges, offering loads of ways to trade Bitcoin.

But here’s the catch: They don’t actively promote sellers accepting gift cards anymore due to spammy issues.

However, there are still a handful of sellers who accept Amazon, Google Play, and Visa gift cards in exchange for Bitcoin. Just remember to be cautious and check the seller’s credibility before diving in.

2. Paxful.

Paxful is another P2P crypto exchange making waves in the crypto community.

They’ve got over 350 methods to buy Bitcoin, and yes, gift cards are on the list.

Once you sign up, you’ll see a bunch of supported gift cards tailored to your country. For example, in my case (I’m based in India), Paxful offers a whopping 126 varieties of gift cards to score some Bitcoin.

But, here’s the deal: Paxful is a P2P marketplace, so keep your eyes peeled for any shady characters or scammers lurking around.

3. Local Coin Swap.

Local Coin Swap, established in 2018, stands as a premier peer-to-peer trading platform providing both custodial and non-custodial trading options for Bitcoin, Ethereum, and various other cryptocurrencies.

What sets Local Coin Swap apart is its diverse range of purchasing and selling options, from direct cash payments to online transactions, with gift cards being a prominent choice among users. The platform provides extensive support for almost all types of gift cards, ensuring versatility in payment methods.

However, what truly distinguishes Local Coin Swap is its fee structure. Unlike many platforms, responding to a trade offer on Local Coin Swap incurs zero fees. This unique approach not only provides a more enticing environment for traders but also encourages them to actively seek out favorable trade opportunities.

4. CoinCola.

CoinCola, based in Hong Kong, is a P2P crypto exchange that’s famous for its OTC marketplace.

They’ve got a dedicated section for trading gift cards. You can either find a buyer for your gift card in exchange for Bitcoin or create your own offer.

Once your offer’s up, you can pick the gift card you’re selling for Bitcoin, filter offers by fiat options, and present your offer to buyers who want to snag some coins using gift cards in their local currency.

5. CardxCoin.

CardxCoin is an ambitious project still in its beta version. The platform lets you swap unwanted gift cards for Bitcoin.

I haven’t personally tried CardxCoin because their signup process requires you to hand over your bank details and deposit some cash to verify your account. Plus, you gotta go through this rigamarole every six months! Also, since the project is still in its early stages, I’d say it’s best to tread carefully.

But hey, if you’re keen, they do offer 80% of your card’s value, and you’ll get paid within three days after submitting your card.

6. Crypto Voucher.

Crypto Voucher does exactly what it says on the tin – it hooks you up with a crypto voucher equivalent to your payment, which you can then cash in pronto for crypto.

When it comes to buying Bitcoin or any other cryptos, Crypto Vouchers have you covered with five slick methods, including swapping those unwanted gift cards.

The process for trading gift cards is a breeze: just fill in the deets about your gift card along with your own info, and kick back for a day to snag your cryptocurrency voucher.

Watch this video to see how it’s done:

7. Cardtonic.

Cardtonic is the go-to platform if you’re Nigerian, offering up a sweet deal for swapping gift cards for Nira.

For my Nigerian pals out there, Cardtonic is the real deal – earn your native currency Nira and later flip it into Bitcoin hassle-free.

While I haven’t personally tried it (not being Nigerian and all), I stumbled upon Cardtonic in the Google Play store and noticed some solid feedback, so I figured it deserved a shoutout.

Their website boasts top-notch encryption and a pro-grade exchange system that’s been audited across platforms, ensuring smooth sailing when selling any gift card and scoring that instant payment.

Conclusion.

So there you have it – these platforms are your ticket to swapping your gift cards for Bitcoins.

Now it’s over to you: P2P? Voucher? Or something else entirely?

Drop your pick in the comments below!