Did you know you can buy Bitcoin with an Amazon gift card? A bit surprising, isn’t it? Let’s talk about it.

It’s common knowledge now that you can buy gift cards with Bitcoin on Prestmit, but some may know that the reverse is possible, especially with an Amazon gift card. And it would help if you were privy to this information because it provides yet another on-ramping opportunity to begin your crypto journey. In the same vein, you should know the potential risks attached to this method of buying Bitcoin.

This article guides beginners to learn how to buy Bitcoin with an Amazon gift card on Prestmit. Dig in.

Understanding Bitcoin and Amazon Gift Cards

As you may already know, Bitcoin is a cryptocurrency that was created by Satoshi Nakamoto. It’s a decentralised digital asset meaning a central body does not control it. It’s stored on a public ledger called a Blockchain and is a store of value.

Bitcoin is purely digital. Holders can trade it using wallets.

Amazon, on the other hand, is a global e-commerce store where thousands of brands sell various products. You can find almost anything on Amazon, and you don’t have to leave your house because all your shopping takes place online. Amazon gift cards give you access to items on the platform.

Buying Bitcoin with Amazon Gift Cards on Prestmit

Prestmit is a platform that allows you to do all your digital transactions, from buying gift cards with cash and crypto to buying Bitcoin with gift cards or cash.

The major advantages of using the platform are safety, speed and ease. Crypto transactions are delicate and can quickly go wrong due to carelessness, but Prestmit provides a safe space to trade and exchange your digital assets. However, you still need to ensure you enter your details carefully to prevent the loss of assets.

Getting Started

Step 1: Download the Prestmit mobile app on your iOS or Android device or visit the website. Create an account and complete the registration process.

Step 2: Verify your account to buy Bitcoin with an Amazon gift card. Follow the prompt to start and complete the process.

Step 3: Add your Amazon gift card to your Prestmit account. Here’s how to do it.

  • Open the app or go to the website, and log in.
  • On the dashboard, select Buy/Sell Gift Cards. Select Sell Gift Cards. Choose Bitcoin as your preferred payment method.
  • On the form that pops up, enter the details of your gift card and upload an image in the section provided.

Step 4: Enter your Bitcoin address and click Proceed. Follow the prompt to complete the transaction. You’ll receive confirmation as soon as the transaction is completed, and your Bitcoin will be sent to your wallet.

Ensure that you enter the correct Bitcoin address. Do not just copy/paste your address from your wallet. Take your time to cross-check the correctness to avoid falling prey to address poisoning attacks.

Safety Measures and General Tips to Consider

  • Always cross-check your wallet address before submitting it.
  • Activate 2FA for your Prestmit account to tighten the security.
  • Be sure to check the current rates before initiating a transaction. This way, you’ll decide whether to proceed or wait for a more favourable rate.
  • Keep in mind that there are transaction charges.

FAQs About Buying Bitcoin with Amazon Gift Cards

Where can I buy Bitcoin with an Amazon gift card?

A: You can get Bitcoin with an Amazon gift card on Prestmit and other platforms like Paxful.

How do I buy Bitcoin with my Amazon gift card?

A: Follow the step-by-step guide in this article to buy Bitcoin with your Amazon gift voucher.

Conclusion

You do not need to wait until you have all the money to buy Bitcoin now. You can simply use your gift cards. Follow the instructions in this article to buy Bitcoin with your Amazon gift card. The process is simple enough, and Prestmit is a secure transaction platform.

Remember to stay ahead of malicious actors by cross-checking your Bitcoin wallet address before submitting it for confirmation. It is also wise to activate 2-Factor Authentication on your account. Stay cautious when conducting crypto and gift card transactions online, especially on websites.