You might have gift cards, most probably it was gifted was someone. But do you know that you can buy crypto with gift card, and then you can easily convert crypto into real cash? That’s a very simple and easy process that you can use to sell your gift cards for money which you don’t wanna use. There are many ways of doing this, but here I will be introducing you to one of the most trusted and fastest way.
Interested in crypto trading but wonders if it is risky? Then you should read this article where I’ve shared a lot of information about bitcoin, and whether is it still worth buying it or not.
Using Paxful
Paxful, It’s a very safe and secured digital marketplace for selling, buying, and trading crypto. It’s a peer-to-peer platform where you can sell or convert your gift cards into crypto, and crypto into your local wallet. Users can use Paxful and its services from any country. There are over hundreds of thousands of active traders, mostly from the USA, UK, DE, FR, IN, UAE, PK, etc. Paxful is one of the most trusted crypto exchange websites on the web. Users can trade Bitcoin, Ethereum, and Tether USD in the app. Users can buy or sell any of this crypto, anytime.
How does It work? and Is it safe?
First of all, you have to register your account on their official website: paxful.com. After you’ve created your account, you’ve to complete KYC, No need to worry because Paxful has over 1 Million downloads in the play store and thousands of active traders. Your account must be at least 2 Levels verified before you can start trading over paxful. So now your account has been verified, and Suppose you’re gonna buy crypto with gift card, you’re selling a gift card in return for Bitcoin.
So First you’ve to find a buyer who is trading or buying your gift card for crypto. After you’ve found the best buy according to your gift card. Start the trade but make sure to read all the terms before starting the trade. After you’ve started the trade, the buyer’s crypto (who is buying your gift card) will be automatically moved to ESCROW.
At this time, the buyer can’t cancel the trade, however, you (gift card seller) can cancel the trade anytime. But You get a limited time frame of 30 minutes to complete the payment. If you failed to complete the payment within 30 minutes then the trade will be automatically canceled and the crypto will be returned to the seller’s wallet. After you have given the gift card to the buyer and the buyer used the gift card you have to mark the trade as paid.
When both buyer and seller confirmed and verified the trade, and if all the terms have been met, the trade will be completed and you’ll get the crypto. And the gift card selling process will be done. It’s really very simple and a quick process that gonna take less than 10 minutes. You can use this method whenever you get a gift card for easy money. It is always a good choice to sell the gift card when you don’t get any use of it.
Can I convert the crypto into money over my local wallet?
Yep sure you can find buyers who are buying crypto in return for money over your local wallet. There are a lot of local wallets supported by Paxful like PayPal, Cashapp, ApplePay, AirTM, GCash, and a lot more. 99% of Paxful traders are trusted but still, make sure that the trader has recent feedback before dealing with them.