Being a Bitcoin investor, it won’t be wrong to look around at everything cryptocurrencies. After all, with over 1,00,000 bitcoin millionaires present throughout the globe, it would only be convenient to make maximum purchases with their returns.
But, isn’t it already?
While a few companies allow you to trade bitcoin for their services, cashing out your beloved cryptocurrency continues to stay challenging. Yes, you might buy a car or real estate property with your investments, but what about everyday needs and shopping?
Most retail and online stores are yet to accept crypto as a reliable payment method. But, there’s a clever way that is safe and straightforward to use! The trick is simple, switch your bitcoin to vouchers or gift cards.
The Advantage Of Buying Gift Cards With Bitcoin
Now, if you look at it, there’s more than one advantage of buying gift cards with Bitcoin. Let’s check them out:
Bitcoin remains a volatile investment for many companies, making it a liability for online and offline merchants. If you look at it, none of the major online shops like Apple, Netflix, Spotify, Google, and Amazon, accept bitcoin as a payment method.
The biggest advantage of buying gift cards with bitcoin is that you can easily use them at any store across any industry. It allows you to access almost any goods or services you couldn’t deal with bitcoin.
Secured From Volatility
The value lock-in is probably the most ‘profitable’ advantage of buying gift cards! We’re all aware of the volatile nature of bitcoin and other cryptocurrencies in general, and gift cards are the remedy!
When purchasing a gift card for a certain value, you get to convert that value and secure it. For instance, a dollar worth of BTC might be worth seventy cents tomorrow, but a dollar worth of Amazon gift cards would be the same tomorrow.
Long Expiration Dates
Gift cards have a relatively long expiration date. While a few are valid for a few weeks, others are valid for a year or longer. This way, you could easily secure the value of your investment for a long time.
Keeps Privacy Intact
Many crypto and bitcoin “fans” have continued to show their concern about the privacy of their investments. With the changing rules around cryptocurrencies in different parts of the world, it wouldn’t be wrong to say that the idea of crypto is different for everybody.
Therefore, one of the smartest moves to keep your privacy intact with your investment is gift cards! Yes, one of the most significant advantages of gift cards is their private nature. They aren’t issued to any buyer’s name. In simple words, they are anonymous!
Lastly, gift cards can be a great means to gift someone. As the name suggests, you could easily use them to present something. Isn’t it cool? Using bitcoin to present to a friend or loved one.
Now that we have a complete idea of the perks of converting your investment into gift cards let’s understand the ‘how’ aspect of it. Here’s a list of a few platforms that stand out in the ‘crypto for gift cards’ space. Let’s check them out.
How Can You Buy Gift Cards Using Bitcoin?
You can use a secured platform like Coingate, a leading regulated crypto processing marketplace with a global presence. It is one of the primary exchanges to facilitate crypto-gift card transactions. The platform allows real-time conversion of Bitcoin and other leading cryptocurrencies to over 600+ gift cards around different industries.
You can easily convert your bitcoin to a gift card from well-known retailers like Amazon, Google Play, PlayStation, Uber, and Nike. Accepting over 11 primary cryptocurrencies, this platform also allows you to buy cards as a gift.
Industry Ideas To Use Your Gift Cards
Relax, you aren’t only limited to spending your gift cards on grocery and retail. What if we told you that there are a few other industries where you could be using them?
Yes, it’s true and possible. Here is a list of industries that accept gift cards as a payment option.
- Aviation: The aviation industry has long been keen on accepting gift cards as a mode of payment! Given all the complications they have to deal with fiat currencies, it has pushed the aviation industry to come out of its comfort zone and start accepting gift cards as a legitimate mode of payment.
- Hospitality: Yes, you could book any hotel or villa of your choice with gift cards. All you need to do is select your desired hotel and clear the payment using gift cards. However, you can also check-in and later use gift cards for part payments.
- Technology: Gift cards are cutting-edge technology, so it would be a surprise if tech giants were not on this list. Surprisingly, you can shop at any of your desired electronic brands using gift cards; all you need to do is make a purchase!
What Are You Waiting For?
Cryptocurrency is no longer the future; it’s about time that industries open up to this idea to make things easier for everyone. However, while the brands continue to think about accepting bitcoin for payments, we hope that our idea has you covered.