How to Buy Bitcoin With Gift Cards in Nigeria
The crypto market, in general, has been in a bearish position for at least eight weeks. Banking on the hope that Bitcoin’s record price of $67,000 in November 2021 will happen again, smart Bitcoin enthusiasts continue to add more coins to their wallets.
The main scourge that many Nigerians face is their crypto exchange’s funding source to buy Bitcoin.
It is widely believed that you can only buy Bitcoins with cash on popular exchanges like Binance. However, the truth is that there are other ways to get your hands on the biggest cryptocurrency in the world.
Gift cards are a close substitute for fiat currency; you can pay for transactions at any store that accepts these cards. Since the gift card serves transactional purposes as fiat currency, it is safe to say that it is money in a plastic card.
You may have received gift cards from friends and family members, but weren’t sure what to do with them. You can even get more BTC when you have gift cards with the highest resale value.
In the following parts of this article, we will show you the best platform to sell your gift cards for bitcoin.
Best app to buy bitcoins with a gift card
The first step to making a gift card to bitcoin exchange smoothly is to identify the best app to give you the best value for your gift card and quality service.
Many online digital asset exchange platforms offer the service of exchanging gift cards for Bitcoin. Yet, only a fraction of them can be trusted and not to mention reputable and outstanding apps.
There are many factors to weigh before a platform can be considered a great gift card exchange. A customer-centric gift card redemption app should be highly secure, offer high rates, and make instant payments. It should have good customer relationship management, multiple payment options, and other values.
The best app to redeem your gift cards for bitcoin in Nigeria is the Prestmit app.
Prestmit is an online platform offering gift card merchants a unique and transparent way to trade their digital assets at super high rates.
Prestmit has attracted over 100,000 users since its launch on Google Play Store and Apple Store in 2020. It is currently the most used and best trading app in Africa. The speed and security features of the platform have made it the choice of many traders in Nigeria and beyond.
How to buy bitcoin with gift card on Prestmit app
You may have trouble buying bitcoins with your gift card on other apps, but using Prestmit as your default app is still a smooth ride.
The few steps below will guide you on how you can convert your gift cards to Bitcoin on the Prestmit platform.
- First, download the Prestmit app from the Google Play Store Where Apple Store and register.
- Select “start trading” from the drop-down menu.
- Select “Sell a gift card” and fill in the gift card information by scrolling down the page.
- Select Bitcoin as a method of payment since you are exchanging gift cards for bitcoins.
- Click on “Gift card category” and choose the type of Gift Card you want to sell. Example; Steam physical card.
- Click on “Gift Cards Subcategory” to specify more details like; the gift card form you have and the type of gift card receipt. For example, UK Physical Steam (50-100) means the Steam Gift Card is between $50 and $100.
- Select “AMOUNT” in the drop-down menu: enter the total amount of gift cards you want to convert to Bitcoin. An automated rate calculator calculates current gift card prices. The Bitcoin value of the gift card is displayed immediately when you enter the amount
- Upload the gift card image if you have a physical card.
- Enter your bitcoin wallet address in the comments section.
- Finally, click “TO APPLY” to finalize the transaction. Your BTC wallet is credited after your transaction is approved.
Now that you’ve discovered that you don’t need to have a thriving bank account before you can buy Bitcoin, why are you still delaying?
There is no need to store these gift cards somewhere for future use; invest them in bitcoin. This is another way to take advantage of the current bear market and build a strong portfolio for the upcoming bull market.
Prestmit is the gateway to your successful trading story anytime, any day.
Download the Prestmit app today from your device’s Google Play Store or Apple Store to get started.