Digital assets are beginning to be a part of everyday lives as there is already a paradigm shift to the digital age – which is evident in the financial space. As such, there is almost no transaction you want to make that you can not achieve online. This means you can also know how to buy a Steam gift card with Bitcoin online. Guess what? It is very simple!
We cannot overemphasize the potential of Steam gift cards and Bitcoin, as these digital assets are useful in their rights to make different transactions easy and convenient.
In most cases, these assets are used in online domains as payment methods for products and services. Hence, increasing their popularity and value. So while the Steam gift card holds its real-time value in the gift card market, Bitcoin, which is denominated in the US dollar, has its value according to the crypto market.
Therefore, Steam gift cards and Bitcoin are independent of their functions and values. This makes them an individual investment portfolio, whether to make money online by trading gift cards or a crypto asset like Bitcoin.
Above all, these two assets can be used interchangeably – buying a Steam gift card with Bitcoin or buying Bitcoin with a Steam gift card.
In this article, you will learn how to buy a Steam gift card with Bitcoin.
Understanding Steam Gift Cards And Bitcoin
Steam gift card is a prepaid card of stored value that enables you to purchase at the Steam store. In essence, this card is a payment method on Steam, which is the brand that issues the Steam gift card.
The Steam store is an online store where you can buy different gaming content and software for game developers. In all, this store is designed for gamers.
If you are a gaming enthusiast, you may find Steam gift cards interesting, as it allows you to access a wide range of gaming content in the store.
Steam gift cards exist in physical and digital forms, which you can redeem in the Steam store. Physical Steam cards are in denominations of $20, $30, $50, and $100, while digital cards are in denominations of $5, $10, $25, $50, and $100.
A Steam gift card is the best-fit approach for people seeking to buy in the store rather than using other payment methods.
Broadly, you can use a Steam card for the following:
- Give to someone as a gift
- Shop conveniently in the Steam store
- Sell Steam gift cards for cash or cryptocurrency like Bitcoin
Meanwhile, Bitcoin (BTC) is the leading cryptocurrency in the crypto market as it is not just the oldest but also the most-expensive crypto asset by market cap.
When writing this article, the price of BTC is about $29,135, with a market cap of over $565 billion.
Therefore, this is a great asset to have, as digital currency is moving to replace fiat currency.
You can use Bitcoin to make buying and selling transactions as one way to make money. Also, you can use this asset to access products or services at stores that support its use as a payment method.
One of the ways to use your Bitcoin is to buy a gift card like a Steam gift card, just as you can buy a Google Play gift card with Bitcoin, an Amazon gift card with Bitcoin, and other gift cards available.
How To Create Bitcoin Wallet
Bitcoin wallet is an important infrastructure to have when you are trading your Bitcoin. This is as important as you have a bank account for your fiat currency. You can create a Bitcoin wallet with the following steps, using Prestmit as our example:
- Log into your Prestmit account
- Click on “Wallet”
- Click on “BTC Wallet”
- Copy the Bitcoin address or download the QR Code to enable you to receive BTC.
- Your BTC Wallet is now active and ready to use on Prestmit
Moreover, crypto traders or investors can use three (3) types of Bitcoin Wallets. These are software (hot), hardware (cold), and paper Bitcoin Wallets. But software and hardware wallets are most commonly used.
- Software Wallets: These are connected to the internet, meaning they are wallets available on different exchanges or trading platforms like Prestmit. As highlighted above, you can easily create these Bitcoin wallets, just as the steps to creating a Bitcoin wallet on Prestmit. Here, your Bitcoin address is your public key that takes the semblance of your local bank account.
- Hardware Wallets: These are also cold or offline wallets. They work in converse to software Bitcoin Wallets as you do not need to be connected to the internet. You can hold and keep your hardware wallet, which is a peripheral part that can be fixed and removed from your desktop device anytime you want to make a transaction. This is not as fast as the software Bitcoin Wallets.
How To Acquire Bitcoin
You can acquire Bitcoin in your BTC Wallet from different channels. These are primarily crypto exchanges, peer-to-peer platforms, and over-the-counter platforms.
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Crypto Exchanges
These are large crypto platforms with many crypto assets available for people to buy and sell. Exchanges are available worldwide, and Bitcoin traders can buy BTC at a price set on the platform.
Binance is one the top exchanges, as it is the world’s largest crypto exchange with daily trading volume. Coinbase is another example of an exchange for Bitcoin.
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Peer-to-Peer (P2P) Platforms
You can buy Bitcoin on peer-to-peer (P2P) platforms, largely characterized by buyers meeting buyers on a platform. The seller is of the volition to sell Bitcoin at any price as long as the buyer is pleased with the price. This means that the P2P platform plays almost a neutral role in Bitcoin trading on the platform.
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Over-the-Counter (OTC) Platforms
These are platforms on which you can buy Bitcoin at the pre-determined price of the platform, with respect to the market demands of Bitcoin users. Often, you can acquire Bitcoin at the best prices on these platforms and buy Bitcoin on Prestmit at an excellent price.
Prestmit is an example of an OTC platform to buy and sell Bitcoin, just as you can buy and sell gifts on this platform at the best prices.
This flexibility is one of the reasons why Prestmit is one of the best gift trading platforms in Nigeria.
Also read: How Much Bitcoin Can I Buy With a $100 Steam Gift Card?
How To Register On Prestmit And Verify Your Account
The following are the quick steps to register on Prestmit:
- Download the Prestmit app on Google Play Store or Apple Store
- Create a Prestmit account and log in
- Enter your basic details for know-your-customer (KYC) purposes to verify your account
- Your Prestmit account is fully ready for use
How To Navigate Prestmit’s Steam Gift Card Selection
Here are the easy steps to access a Steam gift card on Prestmit:
- Log into your Prestmit account
- Click on “Buy & sell gift cards”
- Click on “Buy gift cards”
- Enter “Steam Gift Card” in the search box of the gift card list
- Alternatively. navigate through the gift cards until you get to “Steam Gift Cards”
NOTE: The gift cards on Prestmit are alphabetically ordered, so you will get to the gift cards that start with “S” before you can see Steam gift cards. This is why you can quickly search by entering “Steam Gift Card” in the search box.
How To Select And Buy A Steam Gift Card With Bitcoin
You can buy your Steam gift card with Bitcoin with these simple steps:
- Choose your preferred Steam card country
- Enter the amount (denomination) that you want to buy
- Click on your preferred quantity and “Continue”
- Click to accept the Terms and Conditions and “Proceed”
- Choose “Pay with Crypto” (Bitcoin) as your preferred payment method
- Confirm the transaction and click on “Complete Purchase”
How To Complete The Transaction
Your Steam gift card purchase has been submitted, and you can complete your transaction when you:
- Click on “Make Crypto Payment”
- Copy the Bitcoin address to send your BTC to or scan the QR to pay
- Copy the Payment Reference ID
- You will get a notification of your successful transaction
How To Receive And Use Steam Gift Card
You will receive the Steam gift card in your email immediately after you have completed payment with Bitcoin.
Your Steam gift card is already activated, and you can use it to buy any product on the Steam store.
You can redeem your Steam gift card with the following steps:
- Log into your Steam account
- Click on your “Account name” and “Account details”
- Click on “Add funds to your Steam wallet”
- Click on “Redeem a Steam wallet code’
- Enter your Steam wallet code
- Your Steam card balance will be added to your Steam account
Alternatively, you can sell Steam gift cards if you do not wish to redeem the card.
Tip For Buying Steam Gift Card With Bitcoin On Prestmit
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Check Available Steam Gift Card Denomination On Prestmit
Knowing the minimum and maximum denomination of your preferred Steam gift card on Prestmit is important.
This would enable you to decide which denomination is best for your need. So check the permissible denomination range before proceeding to buy the card.
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Understand The Restriction Of Buying Steam Gift Cards With Bitcoin
You must ensure you have a good knowledge of buying Steam gift cards with Bitcoin.
One is the necessity to pay with Bitcoin into the provided wallet within a timeframe as the address expires after the set time.
Therefore, a one-stop purchase is imperative when buying your gift card with Bitcoin.
Safety Measures And Precautions
It is crucial to take precautionary measures to stay safe with your Bitcoin transactions. Some of these measures are:
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Keep Your Bitcoin Wallet Safe
You must be cautious when using your Bitcoin wallet for a transaction like buying Steam gift cards. Ensure you keep your private key safe from third-party access, and avoid making errors when sending BTC to the provided Bitcoin address on Prestmit.
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Verify Your Transactions
You can make mistakes due to human error when buying a Steam gift card with Bitcoin. This is why verifying and confirming your transactions before purchasing is important. It is to ensure that you are still within the confine of the preferred denomination of the Steam gift card you want to buy.
Conclusion
A Steam gift card is an excellent gift card to have, especially for game enthusiasts. So you can imagine the pleasure a gamer would get from using this gift card to access a plethora of gaming content on the Steam store.
However, knowing how to buy a Steam gift card with Bitcoin is important to give you the easy and safe purchase you desire.
