In times of economic uncertainty or emergencies, traditional financial systems can face challenges such as cash shortages or currency devaluation. In these situations, alternative assets like cryptocurrencies can offer more flexibility. Many platforms now allow users to trade retail gift cards for digital coins, providing a practical way to convert unused cards into crypto assets.
This guide explores trusted platforms where you can exchange gift cards for cryptocurrencies, along with tips for secure and efficient transactions.
Popular P2P Marketplaces for Gift Card Trading
Paxful
Paxful is a leading peer-to-peer (P2P) marketplace that supports Bitcoin trading with a wide range of payment methods. The platform allows users to buy and sell BTC using over 100 different types of gift cards. Popular options include cards from major retailers like Amazon, eBay, Google Play, and Walmart. Prepaid cards from brands like Domino’s, Uber, and T-Mobile are also accepted, as well as Visa, Mastercard, or American Express gift cards.
Purse
If you have an unused Amazon gift card and want to convert it into cryptocurrency, Purse offers a simple solution. The platform matches you with shoppers who want to spend crypto on Amazon. You pay for their order using your gift card and receive Bitcoin (BTC) or Bitcoin Cash (BCH) in return. Funds are held in escrow and released once the order is confirmed. Purse also supports the conversion of credits from platforms like Mechanical Turk, Amazon Associates, Ebates, and Swagbucks.
👉 Explore trusted P2P trading platforms
Redeeem
Redeeem is a P2P platform specializing in discounted gift card exchanges using cryptocurrencies. It supports trading with 32 different digital assets—including BTC, BCH, XRP, and ETH—for gift cards from 34 retail brands such as Amazon, eBay, Walmart, Home Depot, and Best Buy. Notably, Redeeem recently introduced 0% transaction fees on grocery gift cards to support users during the global health crisis. The platform also offers a Telegram bot (@RedeeemBot) for convenient trading directly through the messaging app.
Coincola
Based in Hong Kong, Coincola is a cryptocurrency exchange with a dedicated section for gift card trading. Users can buy Bitcoin using gift cards from retailers like the Apple Store, Netflix, and Spotify. The platform allows sellers to filter offers based on currency and location, making it easier to connect with local buyers.
Regional and Specialized Platforms
Pamcoins
Pamcoins focuses on the Nigerian market, where interest in Bitcoin has grown significantly. The service allows users to trade gift cards from Amazon, eBay, Steam, Google Play, and Apple for Nigerian Naira, Bitcoin, or Ethereum. Transactions are conducted via WhatsApp: users provide card details, receive a price quote, and get paid within minutes after verification.
Crypto Voucher
Crypto Voucher operates a global exchange platform for gift cards and cryptocurrencies. Users receive a quote based on their card’s brand and balance. After providing the necessary details, the platform sends a crypto voucher via email, which can be redeemed for digital assets like BCH, BTC, ETH, or DASH.
Buying Gift Cards With Cryptocurrency
Gift cards also offer a way to spend cryptocurrency at retailers that don’t directly accept crypto. Several platforms specialize in selling gift cards for digital coins:
- Bitcoin.com Store: Offers a wide range of gift cards in categories like food, clothing, health, fuel, automotive, sports, and outdoor gear. The service is powered by Egifter and allows users to send gift cards to friends easily.
- Bidali: Supports numerous cryptocurrencies, stablecoins, and tokens for purchasing gift cards from various brands.
- Gyft: Enables users to buy gift cards from over 200 retailers using crypto.
- Wegift: Features gift cards from more than 500 retailers.
- Bitrefill: Allows users from 170 countries to buy gift cards or mobile top-ups from 1,650+ businesses using major cryptocurrencies.
👉 Find gift cards for top retailers
Frequently Asked Questions
What types of gift cards can I trade for cryptocurrency?
Most platforms accept gift cards from popular retailers like Amazon, Walmart, Google Play, eBay, Apple, and Steam. Some also support prepaid Visa, Mastercard, or Amex cards.
Is it safe to trade gift cards for crypto?
Yes, as long as you use reputable platforms with escrow services and user reviews. Always verify the platform’s security features and transaction process before trading.
How long does a typical gift card-to-crypto transaction take?
Transactions can take anywhere from a few minutes to a few hours, depending on the platform and verification process. P2P trades may require additional time for buyer-seller agreement.
Can I trade partially used gift cards?
Most platforms only accept unused gift cards with full balance available. Always check the specific terms of the service you are using.
Do I need to verify my identity to trade?
It depends on the platform and regional regulations. Some services require ID verification for larger transactions, while others allow anonymous trading for smaller amounts.
What cryptocurrencies are commonly supported in gift card trades?
Bitcoin (BTC) is the most widely accepted, but many platforms also support Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Dash, and other major cryptocurrencies.
Trading gift cards for cryptocurrency is a practical way to leverage unused assets and enter the crypto space. Whether you're looking to buy, sell, or trade, using established platforms ensures security and convenience. Always research and choose services that align with your needs and regional availability.