How to Buy Bitcoin with an Amazon Gift Card
Amazon gift cards can be bought from the retailer’s official website as well as supermarket chains across the world. An Amazon gift card can be issued in two forms; a physical card and an e-gift.
The Amazon e-Gift Card can be personalised for any value from $1.00-$2,000.00 USD. The amazing thing about buying Bitcoin with an Amazon gift card is the fact these gift cards are widely available. You can buy Amazon gift cards in Australia from a range of retailers, such as Australia Post, 7-Eleven, BP, United, Freedom Fuels, and NewsLink.
Digital Amazon Gift Cards can come in official denominations of $15, $25, $50 and $100 and are distributed across the world in supermarkets, grocery stores, and convenience stores. Please note that percentages differ by shop and country of purchase.
For Australia in particular, the physical gift cards can come in denominations of $30, $50, and $100 by default. However, you can also choose your own value from $30 to $500.
Benefits of using an Amazon gift card to Buy Bitcoin
- Amazon gift cards provides a safer way to buy Bitcoins as you don’t need to provide your bank details.
- These gift cards are widely available and can be purchased online.
- You can use Amazon gift cards for a variety of purchases so many Bitcoin traders do accept this form of payment.
How Can I Use AnAmazon Gift Card to Buy Bitcoin?
Purchasing Bitcoins with Amazon gift cards can be quite easy depending on how you go about it. For most countries, such as Australia, obtaining Amazon gift cards is very easy given the wide availability.
If you’re purchasing directly from a Bitcoin seller, then you will only need to provide the gift card code and your cryptocurrency wallet address. The seller will then deposit the exchanged amount into your cryptocurrency wallet. This means no effort is required in making an account with platforms and no risk of potentially losing personal information.
Online Exchange Platforms
Additionally, Amazon gift cards can be used to buy Bitcoins on websites such as Paxful. Paxful is an online peer-to-peer platform that offers over 300 ways to purchase and sell Bitcoins, including via Amazon gift cards. Another great website for buying. For these platforms, you will be required to register an account in order to conduct the P2P trades, but it provides a very easy to use a convenient interface that even beginners can use.
Furthermore, another exchange platform called Purse has collaborated with Amazon to allow customers across the world to exchange their gift cards for cryptocurrencies.
How does this work? Purse matches potential Amazon buyers with traders that want to exchange their Amazon gift cards to purchase cryptocurrencies. You can also use the Amazon gift card to buy products and insert confirmation ID on Purse. This platform offers exceptional security as an escrow entity is involved until the order has been finalized.
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