How to Buy Bitcoin with VISA Gift Card

how to buy bitcoin with a visa gift card

But this card can now be used for other purposes, including buying Bitcoin. Visa gift cards are very popular gift items and are usually exchanged for other goods and services on different marketplaces. They can be purchased from any major gift card retailer

Some platforms like Paxful now allow users to buy Bitcoin (BTC) with a Visa Gift card. Paxful makes the entire process of buying Bitcoin with a Visa gift card a lot simpler.

Buying Bitcoins with a Visa gift card

If you’re just starting on your Bitcoin investment and don’t have much to purchase Bitcoin in bulk, buying a tiny fraction using a Visa gift card is a great way to start your Bitcoin investment journey.

Before you can start buying Bitcoin with a Visa gift card, you will need to have a gift card yourself. You can always use cash to pick up a Visa gift card on different platforms or you can get a gift card from buying other things online.

buy bitcoin with visa gift card

As we mentioned before, it is very easy to buy Bitcoins with Visa gift cards in popular marketplaces like Paxful.

For example, if you want to buy Bitcoin on Paxful, you need to first create an account. Then you can look for a Visa gift card on the “Buy Bitcoin” option.

You can open a trade with the Bitcoin vendor and finalize the terms. Afterward, you will receive Bitcoin straight on your Paxful wallet.

Vendors are allowed to set their rates and choose their transaction margins on the platform. You have different options to select the one that suits you. You can also create offers you feel has a better chance of converting.

Buying Bitcoin anonymously using a Visa gift card

In several instances, buying a Visa gift card does not need you to provide any identification to the merchant. But when you’re buying Bitcoin via a third party, you may be required to provide the KYC information, similar to using a conventional bank card.

That’s because you are buying Bitcoin using fiat money, which makes it necessary for you to be identified. Additionally, you may have to upload your driver’s license or a government-issued ID for personal identification.

Leave a Reply

Your email address will not be published.

Related Articles
Read More

Should You Trust Outlandish Bitcoin Price Forecasts?

Shortly after the midway point of December last year, Bitcoin broke through its prior record just shy of the $20,000 level. From there, it never looked back, with the original cryptocurrency exceeding the $41,000 level on an intraday basis before settling down into the $30,000...
Read More

MicroStrategy Buys Another 660 Bitcoin

Microstrategy recently announced another major Bitcoin purchase as the crypto markets dipped. The company filed an official form with the US Securities and Exchange Commission (SEC), revealing that it purchased 660 BTC between December 30th, 2021, and January 31st, 2022. During this period, Bitcoin's price...
Total
0
Share