54% of global consumers prefer gift cards as a mode of gifting, making the method one of the most popular ways to appreciate loved ones on their special occasions. If you are among the 54% and would like to purchase a gift card for your friends or family with crypto, you can do that!
Read on to learn how you can buy gift cards with cryptocurrency.
Virtual Gift Cards: A Way to Spend Cryptocurrency (Almost) Everywhere
Virtual gift cards are arguably the best method for spending your cryptocurrency in stores that don’t accept crypto payments. While not everyone accepts bitcoin (yet), almost all major retailers and offer gift cards to their customers. And the good news is: you can buy most of these gift cards with bitcoin and other cryptocurrencies!
Buying gift cards with cryptocurrency also provides a higher degree of privacy than using your bank card, for example, which could help when you want to surprise a family member or a friend with a gift card from their favorite in-person or online store.
How to Buy Gift Cards With Crypto: Step-By-Step
Now let’s take a look at how you can purchase virtual gift cards with crypto. We will use Zypto’s gift card marketplace as an example.
You can purchase over 8,500 virtual gift cards using cryptocurrencies on the Zypto platform. These gift cards encompass popular brands like Apple, Amazon, Uber, PlayStation, Netflix, among many others, making it one of the best marketplaces for buying gift cards with crypto.
Step 1: Visit the Zypto gift cards platform
First, go to Zypto’s gift card marketplace at zypto.com/personal/gift-cards-crypto. You’ll find various gift cards from brands like Netflix, Amazon, Walmart etc.
Step 2: Browse and select the gift card
Click on ‘Buy Gift Cards with Crypto,’ and scroll through the list of gift cards available. For this example, we will purchase an Amazon gift card.
Be mindful of the country you select. Not all gift cards are available in all countries. Check whether the gift card you would like to purchase is redeemable in your country before buying it.
Step 3: Enter the purchase amount
After selecting the Amazon gift card, specify the amount you want to purchase. Zypto allows for flexible increments, so you can decide based on your needs and the crypto balance you wish to use.
Enter either your own email address or the recipient’s. Confirm that all the details are correct and continue.
Step 4: Select your cryptocurrency
Next, choose the cryptocurrency you want to use to pay for the gift card.
At this stage, Zypto will provide you with a unique wallet address for the payment. Use your crypto wallet to transfer the specified amount to this address. Ensure the amount you send matches the order to avoid unnecessary delays.
Step 5: Confirm and make the payment
Review your order details and confirm the transaction.
Step 6: Receive and redeem your gift card
Zypto will process your payment and issue the gift card upon successful transfer of the payment. This typically takes a few minutes, and you will receive the gift card code via email.
You can now use this virtual gift card code to shop on Amazon.
Bottom Line
Buying gift cards with cryptocurrency is fast and simple and makes online shopping with crypto incredibly easy.
While cryptocurrency adoption continues to rise among retailers and other businesses, both online and offline, we are still a long way off from the mass adoption of digital currency in retail. So until that happens, virtual gift cards are the way to go for people who want to spend their crypto.
