It is not news that many seek ways to convert unused or extra Amazon gift cards into more versatile digital currencies like Bitcoin.
This is because many people want to invest in crypto or simply prefer the flexibility of digital cash, so converting Amazon gift cards to Bitcoin is a smart move.
Several platforms allow you to trade your Amazon gift card for Bitcoin. These services connect buyers and sellers who agree on an exchange rate and a payment method.
However, not all platforms are created equal, and it is essential to choose a reliable one that ensures secure transactions and reasonable rates.
In this guide, we’ll explain everything you need to know about redeeming Amazon gift cards for Bitcoin, including the best platforms to use, detailed steps for converting your card, and tips for staying safe while making the trade.
Best Websites to Convert Amazon Gift Card to Bitcoin
Here are three of the best websites for trading Amazon gift cards for Bitcoin:
1. Prestmit
Prestmit is a popular gift card trading platform known for its ease of use and quick transactions. It allows users to trade gift cards like Amazon using various payment methods, including Bitcoin.
2. CoinCola
CoinCola is a trusted platform that enables users to trade gift cards, including Amazon gift cards, for Bitcoin. It provides a secure marketplace where buyers and sellers can interact and complete transactions.
3. Paxful
Paxful is one of the largest peer-to-peer Bitcoin marketplaces where users can trade gift cards, including Amazon, for Bitcoin. The platform offers multiple payment options and operates with an escrow system to protect both parties during the trade.
How to Convert Amazon Gift Card to Bitcoin on Prestmit
Using Prestmit to convert your Amazon gift card into Bitcoin is simple. Below are the steps to guide you through the process.
Step 1: Create an Account
Start by creating an account on the Prestmit website or mobile app. To get started, you’ll need to provide some basic information, such as your email and password.
Step 2: Select Amazon Gift Card
Once your account is set up, go to the gift card section of the platform and select Amazon as the type of gift card you wish to trade.
Step 3: Choose Bitcoin as Your Preferred Payment
In the payment options, select Bitcoin as the method for payment. Prestmit offers quick Bitcoin payouts, making it convenient.
Step 4: Wait for the Transaction to Process
After submitting your Amazon gift card, the platform will verify its validity. This process typically takes just a few seconds to minutes.
Step 5: Get Paid in Bitcoin
Once the card has been verified, you’ll receive the equivalent amount in Bitcoin, which will be transferred directly to your wallet. It’s that easy!
How to Convert Amazon Gift Card to Bitcoin on CoinCola
CoinCola is another reliable platform for converting Amazon gift cards into Bitcoin. Below are the steps to complete the transaction:
Step 1: Register or Log In
If you’re new to CoinCola, you must create an account. Existing users can simply log in to their dashboard.
Step 2: Navigate to the Gift Card Trade Section
After logging in, go to the website’s section dedicated to gift card trading. Select Amazon as the type of gift card you want to sell.
Step 3: Pick Amazon Gift Card
On the trade page, select Amazon as the gift card you want to convert.
Step 4: Choose “Buy BTC”
Next, choose Bitcoin as the payment option by selecting “Buy BTC.”
Step 5: Initiate a Live Chat
CoinCola operates through a peer-to-peer marketplace. To negotiate the terms of the trade, you’ll need to initiate a live chat with a seller by clicking “Buy Now.”
Step 6: Follow Seller’s Instructions
The seller will provide specific instructions for you to follow, usually involving sharing the details of your Amazon gift card.
Step 7: Receive Bitcoin
Once the seller verifies the gift card’s authenticity, the Bitcoin will be released from escrow and transferred to your CoinCola wallet.
How to Convert Amazon Gift Card to Bitcoin on Paxful
Paxful offers a secure and user-friendly way to convert Amazon gift cards into Bitcoin through its peer-to-peer platform.
Step 1: Create an Account and Log In
First, sign up for a Paxful account if you haven’t already. After logging in, you’ll be able to access the trading features.
Step 2: Go to the ‘Buy’ Section
From the Paxful dashboard, click on the “Buy” button to start a new transaction.
Step 3: Leave the Default Payment at ‘Bitcoin’
Paxful offers many different cryptocurrencies, but you should leave the payment method set to Bitcoin for this trade.
Step 4: Choose an Amazon Gift Card as a Payment Method
In the list of payment options, choose “Amazon Gift Card” as your payment method.
Step 5: Enter the Gift Card Amount and Currency
Next, input the amount and currency of your Amazon gift card. This will help match you with sellers offering competitive rates.
Step 6: Start the Trade
After selecting the best offer, click “Start Trade.” This will open a chat where you can communicate directly with the seller.
Step 7: Receive Bitcoin
Once the trade is confirmed and the seller verifies your gift card, the Bitcoin will be released from escrow and sent to your Paxful wallet.
Safety Tips to Trade Your Amazon Gift Card for Bitcoin
Converting your Amazon gift card to Bitcoin can be a lucrative exchange, but it’s essential to take some precautions:
- Use Trusted Platforms: To ensure the security of your transactions, stick to well-known platforms like Prestmit, CoinCola, and Paxful.
- Verify Sellers: Check the seller’s rating and reviews before trading, especially on peer-to-peer platforms.
- Enable Two-Factor Authentication (2FA): Use 2FA to add security to your account to prevent unauthorized access.
- Be Cautious of Scams: Avoid offers that seem too good to be true. Stick to fair rates and double-check the legitimacy of gift cards.
FAQs
1. Is it safe to trade Amazon gift cards for Bitcoin?
Yes, trading Amazon gift cards for Bitcoin is safe if you use trusted platforms with good reputations, such as Paxful, CoinCola, and Prestmit.
2. How long does converting Amazon gift cards to Bitcoin take?
Depending on the platform and the verification steps involved, the conversion process typically takes just a few minutes.
3. Do I need a Bitcoin wallet before trading my Amazon gift card?
To receive the funds after the trade, you will need a Bitcoin wallet. Most platforms allow you to create a wallet directly on their site.
4. What is the exchange rate for Amazon gift cards to Bitcoin?
Exchange rates vary based on the platform and the current market value of Bitcoin. Always check the rate before initiating a trade.
5. Can I convert other types of gift cards to Bitcoin?
Many platforms also allow you to trade other types of gift cards, including iTunes, Google Play, and Steam, for Bitcoin.
Read Also: The Amazon Gift Card Codes You Need to Know
Conclusion
Converting your Amazon gift card to Bitcoin can offer greater financial flexibility and access to the ever-growing cryptocurrency world.
You can ensure a smooth and secure exchange by using trusted platforms like Prestmit, CoinCola, and Paxful.
Whether you’re looking to diversify your assets or simply prefer the versatility of digital currency, trading your Amazon gift cards for Bitcoin is quick and easy.
Just remember to follow safety precautions and use a reputable platform to get the best value for your gift cards.