The potential of digital currency as the future of money has given rise to more interest in digital assets like gift cards and cryptocurrencies. These are assets with real-time value that have the propensity for a moonshot, aside from using them to access products and services across stores that support them. But in this article, we will discuss how to make crypto payments when buying gift cards.
Understanding Crypto Payments
Crypto payments border on using cryptocurrencies to purchase products or services. This could be Bitcoin, Ethereum, Litecoin, Dogecoin, and other crypto assets. The popularity of crypto payments is coming at a time when businesses are adopting cryptocurrencies as a payment method other than conventional options like cash, credit/debit cards, etc.
Therefore, the increasing use of crypto payments can be owed to the safe and fast transactions that use these blockchain-based assets. Today, many businesses are integrating crypto payment gateways into their platforms to target and attract many crypto users who prefer to use the asset as their preferred payment method.
Meanwhile, as it is possible to use gift cards to buy some cryptocurrencies, you can also purchase gift cards using crypto payments. But there has also always been the question of where and how to use your crypto asset to buy these cards. So let’s help you with that.
Where To Purchase Gift Cards Using Crypto Payments
There are different places to buy gift cards using crypto assets as payment methods, but one platform that stays ahead of the curve is Prestmit. This is an over-the-counter (OTC) digital trading platform that enables you to buy and sell gift cards and cryptocurrencies with multiple payment methods.
As such, you can buy gift cards on Prestmit using both fiat and crypto currencies, as the platform boasts of a large catalog of gift cards, including Amazon gift cards, Google Play gift cards, Apple gift cards, Sephora gift cards, Steam gift cards, etc.
How To Make Crypto Payments When Buying Gift Cards On Prestmit
Here are the quick steps to purchase gift cards with cryptocurrencies:
- 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 “Buy Gift Card.”
- Choose your preferred gift card on the “Gift Card List.”
- Enter the “Amount” of the card you want to buy, including the “Quantity.”
- Select “Pay with Crypto” as your preferred payment method.
- Enter your transaction PIN or use biometrics to proceed with the transaction. It is important to note that you can only create a transaction PIN after you’ve completed your KYC (know your customer) procedure on the platform.
- A crypto address will be displayed for you to make your crypto payment, which is equivalent to the value of your gift card in fiat currencies like the US dollar, euro, etc.
- You will receive your gift card immediately at your email address after the confirmation of the transaction.
Benefits Of Using Crypto Payments To Buy Gift Cards
1. Enhanced Security And Privacy
Most cryptocurrencies enable you to transact anonymously with a higher level of privacy than traditional payment methods. So when you purchase gift cards with crypto payments, your banking details will not be linked to your purchase, ensuring that your financial data remains secure.
2. Quick And Borderless Transactions
Conventional payment methods like bank transfers or cards can sometimes be slow or restricted to geographical coverage, which might be a hassle you don’t want to experience. But crypto payment is fast and breaks the barrier, as you can purchase your gift cards anywhere without restrictions.
3. Flexibility And Diversification
Using crypto to purchase gift cards diversifies your digital assets for huge returns. This is because you can make money from trading your gift cards or cryptocurrency (which you can do on Prestmit), as they are both fast ways to make money online.
Frequently Asked Questions (FAQs) About Using Crypto Payments To Buy Gift Cards
Can I Buy Gift Cards With Bitcoin?
Yes, you can buy gift cards with Bitcoin. One reliable and reputable place to do that is on Prestmit.
Is It Safe To Make Crypto Payments To Purchase Gift Cards?
It is safe to buy gift cards with cryptocurrencies when you trade on a legit platform or merchant. But it is important to be wary of peer-to-peer (P2P) to avoid falling victim to fraudsters.
How Can I Know The Crypto Value Of My Gift Card In US Dollar?
You can know the crypto equivalent of your gift card by using our automated gift card rate calculator that gives you the real-time value of the card you want to trade in crypto or fiat.
Conclusion
Making crypto payments when buying gift cards is easy when you know the place and process to achieve the trade. That is why we’ve highlighted Prestmit as the best place to buy your gift card, either with fiat or cryptocurrency.
