How to Buy Crypto with a Gift Card?

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1

Hi everyone,

I have a gift card that I would like to use to purchase some cryptocurrency. I have heard that it is possible, but I am not sure which platforms accept gift cards or how the process works. Can anyone provide a step-by-step guide or share their experiences on how to buy crypto using a gift card?

2

To the best of my knowledge, a prepaid Visa gift card cannot be used to directly purchase cryptocurrency. There are a few indirect approaches, nevertheless, that might be applied. One common approach is to use a pre-paid Visa gift card to purchase Bitcoin via a platform like Paxful. As an alternative, you may buy a gift card that can be used to acquire cryptocurrency on several exchanges by using a site like eGifter.

3

You can use a gift card to buy crypto through platforms like CoinGate or BitPay. Just sign up, pick the crypto you want, enter your gift card details to add funds, and then make the purchase. Watch out for fees and exchange rates.

4

Want to turn that unwanted gift card into crypto? :money_mouth_face: It’s possible! :moneybag: But here’s the deal:

  • Option 1: Gift Card Trading Platforms :currency_exchange:

    • Sell your gift card for cash on platforms like Paxful, BitValve, or Prestmit. :money_with_wings:
    • Use that cash to buy crypto. :coin:

  • Option 2: Gift Card to Cash Conversion :dollar:

    • Sell your gift card to a reseller. :shopping:
    • Use the cash to buy crypto on exchanges like Coinbase or Binance. :bank:

But wait! :warning: There are fees involved :money_with_wings: and you’ll likely get less than the gift card’s face value. :chart_with_downwards_trend: So, weigh your options carefully! :thinking:

5

To buy crypto with a gift card, first, select a platform that accepts gift cards, such as Paxful or LocalBitcoins. Create an account on the platform, then choose the option to buy cryptocurrency and select “gift card” as the payment method. Follow the prompts to enter your gift card details and complete the transaction. My experience shows that while this method is convenient, always verify the platform’s reputation to ensure a secure transaction.

6

Depends on the card. If it is a Visa or MasterCard, it may work on a credit card-accepting exchange like Binance.
You might also use LocalBitcoins to swap them with someone in person.