Do you have an unused Steam gift card gathering dust in your wallet? Then, you may need to consider redeeming the card for crypto after showing you the easy steps to do that in this article.
It is a no-brainer that gift cards and cryptocurrency are gaining traction in this digital age, and their respective trading is considered a way to make money online.
I didn’t realize the possibility of exchanging my Steam card for cryptocurrency until three years ago when I received a $100 Steam gift card as a birthday gift from my cousin, who thought I was a gaming enthusiast. But I didn’t want to leave the card wasted because I knew it had real-time value, so I discovered I could trade it for cryptocurrency. Boom! I took a few steps to redeem my Steam gift card for crypto.
Therefore, if you’re wondering what to do with that Steam card, don’t flinch—this article is for you.
Why Convert Steam Gift Cards To Crypto?
Tens of thousands of crypto assets are in the market today, with Bitcoin, Ethereum, USDT, Litecoin, and Dogecoin having potential for moonshot despite recording bearish and bullish runs. Converting your Steam card to crypto is akin to investing in a lucrative yet volatile landscape that can yield good returns in the short or long term.
In addition, cryptocurrency is widely used across various businesses and stores – unlike your Steam gift card, which you can only redeem on the Steam store for gaming content or software for gaming developers. But, irrespective of the product or service that interests you, some businesses support crypto payments.
However, the major caveat in exchanging your Steam gift card for crypto is to ensure that you are selling the card for popular and reliable assets like the ones highlighted above.
Where To Redeem Steam Gift Cards For Crypto
1. Gift Card Trading Platforms
There are many gift card trading platforms where you can sell Steam cards. But it is one thing to find a trading platform and another to get one that supports gift card to crypto conversion. You must ensure that the platform you’re choosing is credible and reliable to facilitate your transactions.
One notable platform in this light is Prestmit, a leading digital asset marketplace where you can sell gift cards for crypto and vice versa. This platform gives one of the best gift card rates in the market, with multiple payment options and lightning-fast payments. It employs advanced security features to protect your transactions.
2. Peer-to-Peer (P2P) Platforms
You can also redeem your gift cards for crypto on peer-to-peer (P2P) platforms. Here, you can find individuals who want to buy your Steam gift card with crypto as a payment option. You must find a buyer who agrees with your rate and close the deal.
Safety Tips To Convert Steam Gift Cards To Crypto
1. Understand The Steam Card Rate To Crypto
It is essential to know the crypto equivalent of your gift card for selling it. This proactive move would enable you to make an informed decision on whether to sell your gift card at that time or not.
For instance, it may not be a good idea to sell gift card when the crypto market is in turmoil, as the prices of crypto assets are low at that time. But the best time is when the market is enjoying a bullish run. Hence, it is important to understand the current market outlook for trading.
2. Confirm That Crypto Address Is Correct
You must be extra careful when redeeming your gift card for crypto. You will be using your crypto address to receive payment, and a loss of funds is possible when you give an incorrect crypto address.
Whether you’re receiving payment in Bitcoin or other assets, double-check that you provide the correct wallet address on the trading platform or to the buyer.
Let’s remember that tracing or recovering lost cryptos is difficult. That’s why it is better to “copy and paste” when sending your wallet address for transaction purposes.
3. Trade On Reputable Platforms
Gift card scams are rising as scammers keep deploying various malicious strategies to steal from unsuspecting card users. Therefore, redeeming your Steam gift card for crypto is safe on a platform with a remarkable reputation. Here, I’ve always been putting my money where my mouth is – which is why Prestmit is my favorite platform to trade when it comes to gift cards or crypto.
How To Convert Steam Gift Card To Crypto On Prestmit
Here are the quick steps to redeem Steam cards to cryptocurrency:
- Visit the official Prestmit website or download the Prestmit app on the Google Play Store or Apple Store.
- Create a Prestmit account and log in.
- Click “Gift Cards” and choose “Sell Gift Cards.”
- Choose your preferred payment option in crypto (Bitcoin, Litecoin, Dogecoin, or USDT).
- Select “Steam gift card” in the “Gift Card Category” and choose the “Gift Card Type.”
- Enter the “Amount” of the Steam card you’re selling.
- Upload the image of the Steam gift card or enter the code in the comment section.
- Enter your crypto address and proceed with the transaction.
- You will receive payment immediately after the transaction is confirmed.
Frequently Asked Questions (FAQs) About Redeeming Steam Gift Cards For Crypto
Is It Safe To Convert Steam Gift Cards To Crypto?
Yes, selling Steam gift cards for crypto is safe using a reliable platform. You can trade between digital assets and make profits.
Where Is The Best Place To Redeem Steam Cards For Bitcoin?
Prestmit is the best place to convert Steam gift cards to Bitcoin. The platform offers many benefits – from the best gift card rates to quick payment and sophisticated security measures to make your trading secure and profitable.
What Cryptocurrencies Can I Redeem Steam Gift Cards For?
You can sell Steam cards for many cryptocurrencies. But this varies with platforms. While some platforms support payment in many cryptocurrencies, others support a few crypto payments. Therefore, it is incumbent on you to choose a platform that offers your preferred crypto payment.
Conclusion
Redeeming your Steam card is easy when you understand the steps to make the transaction happen. Cryptocurrency is a popular payment method for Steam gift card trading, just as I’ve highlighted the steps in this article.
If you have a Steam card or another gift card, start trading on Prestmit like a pro because it is your best trading platform.
