If you have an eBay gift card that’s sitting unused, now is the best moment to put it to use. you can buy bitcoins with any unspent eBay card that you have. In most cases, buying bitcoin with an eBay card is very easy. For example, Sign up for a new account on an exchange 2) Hand over the details of your eBay card 3) Trade away your balances.
In this article, we will learn how to buy bitcoin with an eBay gift card from two different exchanges.
Ways to buy bitcoin with eBay gift card
Below two processes are peer-to-peer Bitcoin marketplaces that allow buyers and sellers to trade with each other. This means that there’s no central authority or banks involved in the service.
There are a few things you’ll need to do first. When you are giving your gift card number or pin to the seller, Make sure you trade the full amount of your gift card not the part of the amount. we’ll walk you through the process step-by-step so that you can start buying crypto with confidence.
PaxFul
Paxful offers a great selection of payment methods with a free bitcoin wallet. You can buy Bitcoin with everything from gift cards to bank account transfers. It is also a very convenient platform for those who want to use other payment methods for their preferred currency.
The first thing you’ll need to do is create a Paxful account. You can do this by going to the Paxful website and clicking on the “Register” button. Once you’ve entered your information and created your account, you’ll be able to log in and start using Paxful.
Once you’re logged in, you’ll need to find the best offer from sellers that are willing to sell you crypto for ebay gift cards. To do this, you can use the search bar in the middle of the Paxful website. enter what kind of crypto you’re looking to buy, select the payment method, and hit “Find Offers”.
Once you’ve found a seller with a suitable offer that you’re interested in buying from, click on their name to view their profile. From here, you can see information about the seller, such as their feedback rating, how many trades they’ve completed, and what methods of payment they’re willing to accept.
Now, it’s time to begin the trade. To do this, click on the “Start Trade” button on the seller’s profile page.
On the next page, you’ll need to enter how much crypto you want to buy. Once you’ve done this, simply click on the “Start Trade” button again.
You’ll then be taken to a chat window where you can communicate with the seller directly. Here, you can finalize the details of the trade and make sure that everything is agreed upon before sending eBay gift cards detail.
Once the seller has confirmed the eBay card, you’ll receive your purchased crypto into your Paxful wallet!
One of the key features of Paxful is its escrow service. This protects both parties in a transaction from fraud or scams. When a trade is initiated, the cash will be held in escrow by Paxful. The seller can only release the bitcoins once they’ve received payment from the buyer. Similarly, the buyer can only cancel the trade and receive a refund if the seller doesn’t deliver the bitcoins.
Overall, Paxful is a great option for buying Bitcoin if you’re looking for something outside of the traditional exchanges.
Coincola
You can also buy Bitcoin from Coincola by gift card, there are a few things you need to know. As it is also a peer-to-peer marketplace, which means that the price of Bitcoin on Coincola can vary slightly from the price on other exchanges, so it’s always good to check multiple sources before making a purchase.
Create an account and click on “Gift card trade”. Once you’ve found a seller that you’re comfortable with then you’ll need to specify how much Bitcoin you want to buy and at what price.
Once your order is placed, you will find a chat window and instructions about the trade like Paxful. Once the trade is complete, the Bitcoin will be paid into your Coincola. From there, you can withdraw the Bitcoin to your own personal wallet.
Coincola Escrow
In a nutshell, CoinCola Trade Escrow works similar to Paxful. The platform makes it easy to find buyers and sellers, and also offers a number of features that help to streamline the process. They make sure that all parties involved in a transaction receive their payment in a timely manner. CoinCola Trade Escrow is definitely worth checking out!
Which one is better? Coincola or Paxful
Well, it depends on what you’re looking for. If you’re looking for more payment options, then Paxful is the better choice. They have over 300 different payment methods available. But, if you’re looking for lower fees, then Coincola is the better choice. Their fees are just 1% compared to Paxful’s 2%.
Ultimately, it comes down to personal preference. Both Paxful and Coincola are great choices for buying and selling bitcoins.
Are there any limits for gift card purchases?
You may redeem a total of $1000 in Gift Cards in one day to buy bitcoin and a total of $1500 in Gift Cards in one month. You may also only redeem four Gift Cards at once.
Maybe a bit more when redeemed Gift Cards in conjunction with other codes, such as a coupon or a voucher. The gift card is not valid outside the United States or its territories.
Frequently Asked Questions
How do I know if my eBay gift card is valid?
Your gift card balance can be checked by logging in to your eBay and entering the redemption code. You must have an eBay and a PayPal in order to do so. Go to eBay gift card
- Click on Check your Balance
2. Enter the 13-digit redemption code associated with your gift card and click “Go”. Once you are taken to the next screen, you can view your balance and transactions history. If you do not see your balance, it is because the card has not been activated yet or is invalid.
What are the benefits of using an eBay gift card to buy cryptocurrency?
There are a number of benefits to using an eBay gift card to buy cryptocurrency. First, they’re very easy to use. Anyone can buy eBay gift cards from just about any major brands retailer, like Amazon, Target or Walmart, and use it to buy bitcoin or other cryptocurrencies directly from the online exchanges.
Second, they’re very flexible. You can use them to buy as little as one cent, meaning you can buy a fraction of a bitcoin with them if that’s all you need. Their gift cards never expire and don’t have to pay any fees, so you can hold onto them for a long time if you need to.
Most cards come with a value of up to $500, which is significantly less than most other options out there. So, if you only need a small amount of cryptocurrency, using an eBay gift card is a great way to go!
What are the best ways to store bitcoin with an eBay gift card?
The offline wallet provides the best option for storing bitcoin with an eBay gift card. These offline wallets are stored in a physical device such as a USB drive or hardware. For example, Hardware wallets have both public and private keys, which essentially act as passwords to access your cryptocurrency. This way, even if your computer gets compromised or stolen, the hackers won’t be able to access your bitcoin holdings because they won’t know your password.
Is it safe to buy cryptocurrency with an eBay gift card?
There are a few risks associated with this method of cryptocurrency purchase. People could steal your eBay gift card code and use it to buy bitcoin from someone else. If you share your number with anyone else online – even an automated bot – it can be used against you. If the sellers you’re buying from using an unknown platform as a payment method, the transactions could be delayed until the buyer can verify.
Finally, it’s important to keep in mind that eBay gift cards are not refundable. If you are unhappy with a bitcoin purchase or don’t receive them, you won’t be able to get your money back.
Conclusion
Although it may seem like a strange way to buy bitcoin with eBay gift card balance. But one thing is for sure, it can be a great way to get started in the world of cryptocurrency investing.
These two methods will help you get the bitcoins you need in no time at all. Keep in mind that you will likely get a lower exchange rate if you go this route. However, you have an article based on Bitcoin Debit Card Review which will give you more insight about buying crypto . Whatever method you choose, be sure to do your research and shop around for the best deal.
Author Bio:
Istain is a cryptocurrency expert and enthusiast. He has been involved in the crypto world since its inception and has been a part of several successful projects. Istain is passionate about helping others learn about cryptocurrencies, and he frequently speaks at events and writes articles on the subject.
