Believe it or not, I bought my first bitcoin using a certain amount of USD on my Amazon account. And I did not earn it, that was my friend’s birthday gift. Yeah, Amazon gift card!
Before I thought I might do some web search, and search engines listed several sites that were selling bitcoins for real cash at that time: CoinGate, LocalBitCoins, UnoCoin, Cex etc.
Then I learned there are some online services where one can exchange gift cards for bitcoins. Basically, I found seven: Gyft, FoldApp, Purse, Cryfter, eGifter, InstaGift, YesToBitcoins.
And both Purse and eGifter are linked with Amazon, connecting buyers and sellers on one platform. Just by random selection I decided to trade on Purse, to sell gift cards online instantly, which I want to show you step by step:
How to Buy bitcoins with Amazon gift card at Purse
First thing to do is to register at Purse (Sign up here for free). Purse also offers registration with your Facebook, Google+ or Coinbase account, so it can be several clicks only.
Second important thing is that you have your Amazon account and if you plan to trade, make sure that you put a certain amount on it.
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The process is simple:
- Log-in to your Purse account & click on earn bitcoin at the top.
The window will list range of Amazon shoppers with their wish-lists. Here you can make multiple selection criteria, such as geographical location. For our exercise, we will select USA here.
Then you should click on the Price column cells, select as many as you wish to spend.
After you click Accept offer, you are directed to the Amazon site. Starting from this moment and one hour forward, you can complete your order.
Upon clicking on Purchase wishlist tab, it takes you to the Amazon site.
Now you need to complete the order, copy the order ID to the form above. And money is sent to your account upon successful order delivery and shopper’s confirmation. As a seller, you can easily check status of your Amazon order over here.
Here is one example:
Purse will also notify you on your ongoing transaction. They will send you an e-mail with the link to your transaction:
The only thing that remained is to wait one week for receipt of Bitcoin using Purse.
For Europians, I would recommend Coinimal for exchange of Amazon gift card for Bitcoin or Coinbase for buying Bitcoin using Fiat money.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com