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First Time Buyers Guide Step-by-Step How To
In this post, I am not only going to show you ppaxful to buy Bitcoin with gift cards, but I will also walk you through the exchanges where you can do. Unlike in the early years of Bitcoin, it has become remarkably easy to buy this pioneer cryptocurrency ; all thanks to the various exchanges available these days. At the end of this post, you will learn how to buy Bitcoin with gift cards in Nigeria and the exchanges where you can do bitdoin. Gift Cards are prepaid debit cards that contain a specific amount of money available to be used for a variety of purchases within particular stores or related businesses. These cards also known as Gift Vouchers are usually given out by organizations, stores, buy bitcoin chime card paxful employers as gifts or rewards for example, HealthPlus gift card, Jumia gift card, Spar gift card. Some of them can be bought too from a gift card shop for example, iTunes gift card, Disney gift card,e.
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Welcome to my step-by-step guide on how and where to safely buy bitcoin for the first time. This guide walks you through the few short steps it takes to get your very first bitcoin. I provide screen shots and links to more information so you can learn as much as you want to before spending any money. Before we get started, some of you might just want to know the absolute best place to buy bitcoin right now. If that is you then read through my short list of where to buy bitcoin now and the quick details. As always, read reviews of these services to learn more. To go from zero bitcoins to having some bitcoins takes three easy steps on the fastest path.
Where You Can Buy Bitcoin With Prepaid Card
In this post, I am not only going to show you how to buy Bitcoin with gift cards, but I will also walk you through the exchanges where you can do. Unlike in the early years of Bitcoin, it has become remarkably easy to buy this pioneer cryptocurrency ; all thanks to the various exchanges available these days. At the end of this post, you will learn how to buy Bitcoin with gift cards in Nigeria and the exchanges where you can do.
Gift Cards are prepaid debit cards that contain a specific amount of money available to be used for a variety of purchases within particular stores or related businesses. These cards also known as Gift Vouchers are usually given out by organizations, stores, or employers as gifts or rewards for example, HealthPlus gift card, Jumia gift card, Spar gift card.
Some of them can be bought too from a gift card shop for example, iTunes gift card, Disney gift card,e. They can also be issued by marketers and retailers as part of a promotion strategy. This is to entice the recipient to return to the store for more purchases. For example, a gift card issued by Jumia cannot be taken to the bank to cash out the money neither can it be used to purchase on Amazon. You can only use it to purchase from Jumia. A general feature of these cards is that they are generally anonymous and are disposed of when the value stored on them are exhausted.
C ashback marketing strategiesas the name implies, means money paid back to customers in cash after making a purchase; sort of a reward for patronizing a particular retailer. The money paid back cashback is gotten from a percentage of the amount a customer spends on an item.
However, if a company has several different stores, it can issue a card that can be used at any of its affiliated stores. With the growth in the crypto space came the evolution of many exchanges where Bitcoin and other altcoins can be purchased.
Some of them specialize in peer-to-peer transactionsothers stick with just providing trading platforms for buyers and sellers while the rest are mainly brokers. Some even combine the services! The exchanges also provide various payment options for its users.
The exchanges that allow its users to buy Bitcoin with gift cards are:. You can watch the 8 mins video or skip to read. There is something to learn from the video and the text.
Paxful is a peer-to-peer exchange founded by Ray Youssef in This exchange which supports only Bitcoin is based in the USA and has about 2 million customer base. This is because the prices are set by the sellers themselves. But when you want to sell Bitcoin, the exchange charges you some percentage for its services. The fees charged vary depending on the method of payment the seller accepts.
Here is a —mins video explaining the steps on how to buy Bitcoin with gift cards on Paxful. Your account will be created immediately with your wallet. You can then go ahead and fund your wallet. Also, a link to verify your email is sent to you. Click on it to verify your account and inputting all the necessary details. On Account Verification, everyone is encouraged to verify their accounts but however, Paxful requires mandatory ID verification for the following:.
And for those who choose not to participate, they can continue to use Paxful services but there will be a trade and wallet limit in place for those who have not verified themselves.
If at any point, you start buy bitcoin chime card paxful uncomfortable with the vendor, please, feel free to cancel the trade. CoinCola exchange is based in Hong Kong and was founded in In a bid to live out its mission statement that says: Connecting you to the future of financeCoincola has more than payment options which include:.
The fees charged by CoinCola can be found on its fees page. Read more: CoinCola Review Before I conclude with this post, I want to leave you with a few tips that will aid ensure a smooth transaction:. The options that I have mentioned above may be few, but you cannot overlook its usefulness because some of us just have these gift cards lying.
Armed with this information, you can go on these exchanges and trade it for Bitcoin, the money for the future. This site uses Akismet to reduce spam. Learn how your comment data is processed.
Friend’s Email Address. Your Name. Your Email Address. Generally, we have 2 types of gift cards and both can be used in person or online. They are:. For example, Gap Inc. Its cards can be used interchangeably at any of its affiliate stores: Gap, Athleta, Old Navy, and the Banana Republic. Since these cards are not reloadable, they are of no further use once the balance on them is spent.
Closed-loop gift cards are mostly offered by many stores as a bonus for signing up and by individuals as gifts for occasions like weddings. Though physical plastic gift cards still dominate the market, there is increased growth buy bitcoin chime card paxful digital cards eGift Cards. Now that I have explained what Gift Cards are, I will go ahead to list out the exchanges where you can use gift cards to buy Bitcoin in Nigeria.
Tweet Pin LinkedIn Email. About Latest Posts. Follow me. Chiamaka Atueyi. Content writer at Nigeria Bitcoin Community. Whether as a member of my high school Press club or part of the Scriptwriters in my community, I’ve been on a writing path from the start.
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How to BUY BITCOIN with CREDIT CARD ?? Best Method 2019
Gift Cards: What Are These?
Try Varo online banking today!. Monthly fee: None Special features: With Chime, you buy bitcoin chime card paxful have every debit card. Can I make wire transfers with Varo? To add an additional layer of security to your Venmo account, learn how you can set up a PIN code in our mobile apps. While there are a few bank bonus offers that don’t require Direct Deposit, most of the higher value promotions. Placement is the depositing of funds in financial institutions or the conversion of cash into negotiable instruments. You are given an online wallet that you access through your iOS or Android app. Yes, many banks allow you to deposit money orders at the ATM.
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