Gift cards are becoming more popular in the crypto trading world and if you’ve ever wondered if you can buy Bitcoin with gift cards, the answer is yes.
Unlike the traditional method of using gift cards to make direct purchases, using gift cards to buy Bitcoin is a bit less straightforward. Since you can’t purchase Bitcoin directly using your gift card, you’ll need to work with a crypto exchange that allows gift cards as a method of depositing funds.
If you’re interested in using your gift card to purchase Bitcoin or to gift someone with one, keep reading to find out how you can do it.
How to Buy Bitcoin With Gift Cards - Our Top 3 Picks
Looking for a quick answer? Here are our top 3 recommended ways to buy Bitcoin with gift cards.
Most Popular
1
Min Deposit
-
User Score
4.95
Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
Automatically copy top-performing Crypto traders
Deposit using 9 different deposit methods
Open Account
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, neteller, eToro Trading Platform, Klarna, POLi, Przelewy24, Rapid Transfer, Trustly, iDeal, skrill
Full Regulations:
ASIC, CySEC, FCA
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
2
Min Deposit
-
User Score
4.95
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
No need to open a crypto exchange account or use a special wallet
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR available
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
3
Min Deposit
-
Promotion
User Score
4.85
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Visit Site
Description:
Uphold is a global digital money platform that offers financial services. It deals with 250+ currencies (both traditional and crypto) and commodities, facilitating more than US$4 billion in transactions. Uphold’s vision is to create a future where everyone has access to safe, transparent, fair, and affordable financial services
Payment Methods:
Bank Transfer, Wire Transfer, Cryptocurrencies, Apple Pay, Google Pay
Full Regulations:
FCA
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Table of Contents
Where to Buy Bitcoin With Gift Cards - Key Metrics
Where to Buy Bitcoin With Gift Cards - Why We Chose Them
Where to Buy Bitcoin With Gift Cards Reviewed
How To Buy Bitcoin With Gift Cards
As mentioned earlier, you can’t buy Bitcoin directly with your gift cards but you can use your gift card to fund an account on an exchange platform and trade the funds for its equivalent in Bitcoin.
These crypto exchanges make it easy and convenient to purchase Bitcoin using gift cards without having to use your credit card or make a bank transfer.
Here’s a step-by-step guide on how to buy Bitcoin with gift cards.
1. Choose A Platform
The first step is to choose a crypto exchange platform. The gag when choosing a platform is to ensure you choose one that is reputable and accepts gift cards. Although the gift card method of buying Bitcoin is pretty popular, not every exchange is onboard yet.
The good news is that you don’t have to do the research because we’ve done it for you. Once you’ve chosen a platform, fill out the registration form with the required details.
After opening an account, you’ll likely need to submit documents to verify your email address, phone number, and identity. Note that you can’t use your account until it has been verified.
Below is a list of reliable platforms that accept gift cards.
Most Popular 1 Min Deposit - User Score 4.95 Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP Automatically copy top-performing Crypto traders Deposit using 9 different deposit methods Open Account Description: eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users. Payment Methods: Bank Transfer, Debit Card, neteller, eToro Trading Platform, Klarna, POLi, Przelewy24, Rapid Transfer, Trustly, iDeal, skrill Full Regulations: ASIC, CySEC, FCA Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
2. Fund Your Account With Gift Cards
The next step is to fund your account with gift cards. This is very easy. Go to the deposit page and enter the amount you want to deposit. Choose gift cards as the payment method and hit the deposit button to complete the transaction.
3. Buy Bitcoin
After finding your account with your gift card, you can purchase Bitcoin. To do this, find the trading pair for Bitcoin on the trading platform. If you’ve deposited dollars, find the corresponding dollar to BTC pair.
When you’ve found it, enter the amount of Bitcoin you want to purchase and click on the “Trade” or “Buy” button to complete the purchase. This transaction is instant and you should see your Bitcoin in your account as soon as it is completed.
Where To Buy Bitcoin With Gift Cards
There are many crypto exchanges that support buying Bitcoin with gift cards. Which platform you choose depends on the specific benefits, your preferences, and the fees charged.
You’ll need to do some research to find a platform that suits your needs best. But, we’ve given you a headstart by compiling a list of platforms that accept gift cards as a payment method to buy bitcoin.
Most Popular
1
Min Deposit
-
User Score
4.95
Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
Automatically copy top-performing Crypto traders
Deposit using 9 different deposit methods
Open Account
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, neteller, eToro Trading Platform, Klarna, POLi, Przelewy24, Rapid Transfer, Trustly, iDeal, skrill
Full Regulations:
ASIC, CySEC, FCA
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
2
Min Deposit
-
User Score
4.95
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
No need to open a crypto exchange account or use a special wallet
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR available
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
3
Min Deposit
-
Promotion
User Score
4.85
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Visit Site
Description:
Uphold is a global digital money platform that offers financial services. It deals with 250+ currencies (both traditional and crypto) and commodities, facilitating more than US$4 billion in transactions. Uphold’s vision is to create a future where everyone has access to safe, transparent, fair, and affordable financial services
Payment Methods:
Bank Transfer, Wire Transfer, Cryptocurrencies, Apple Pay, Google Pay
Full Regulations:
FCA
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Pros And Cons Of Using Gift Cards to Buy Bitcoin?
Pros
- Buying Bitcoin with gift cards offer you some anonymity since gift cards can be bought with cash.
- It is a great option for people who will rather not use their credit/debit cards or transfers.
- Buying Bitcoin with gift cards is a secure and easy method of purchasing Bitcoin.
- Using gift cards is an easy way to buy Bitcoin for friends and family
Cons
- When using gift cards to purchase Bitcoin, you run the risk of using fraudulently acquired gift cards which might get you in trouble.
- There is always a risk of the seller or buyer in this method not keeping to their own end of the bargain.
- The gift card may not contain enough funds to purchase the amount of Bitcoin you want.
- Depending on your location, there could be legal implications with buying and reselling gift cards for purchasing Bitcoin.
Is Buying Bitcoin With Gift Cards Right For Me?
Of all the methods of buying Bitcoin out there, is using gift cards the best method for you? This is a question you need to answer before you use the gift card method.
This doesn’t mean that using gift cards is the only method you can use in the future because there are many other options out there. Before deciding to use a gift card to purchase Bitcoin, here are some factors to consider.
Privacy
If you’re big on anonymity, then gift cards might just be the right choice for you to purchase Bitcoin at the moment because they provide buyers with some level of anonymity. Unlike methods like bank transfers and credit or debit cards that can be directly traced to the owner’s account, gift cards can be purchased with cash, or given out to someone else leaving no trace to their actual owner.
Purpose
The purpose of your purchase could also inform your decision to use gift cards. For instance, if you’re gifting a friend or family member Bitcoin, a gift card is a great way to get them started without having to go to the trouble of funding their account via their own bank account.
Convenience
Gift cards are very convenient, especially for people residing in countries where it’s difficult or illegal to fund your trading platform from your bank account. With gift cards, you can purchase Bitcoin and other cryptocurrencies without putting yourself in trouble.
Can You Buy Bitcoin With Gift Cards?
Yes, you can buy Bitcoin with gift cards and the process is easy, convenient, and safe. All you have to do is open an account with a crypto exchange platform that accepts gift cards as one of their deposit methods. You can find one from the list we curated above.
Is Buying Bitcoin With Gift Cards Safe?
Buying Bitcoin with gift cards is a safe method of purchasing Bitcoin. This is because gift cards allow some anonymity and do not require any direct interaction with your bank or cards.
To ensure the experience is even safer, choose the right platforms and be sure to purchase your gift cards from reputable sources. The risk of using gift cards lies with the broker you choose to work with. A disreputable broker poses a high risk of loss.
Fees For Buying Bitcoin With Gift Cards
How much does it really cost to purchase Bitcoin with a gift card? Outside the price of purchasing a gift card which you could also avoid if your gift card is a gift, there are other fees associated with buying Bitcoin.
However, these fees are very minimal if you’re using gift cards since there are no fees for depositing funds using gift cards. The only outstanding fees are the regular trading fees. Below is a table outlining the fees for buying Bitcoin with a gift card.
Fees | Fee Breakdown |
Trading Fees | 1-2% |
Gift card | Cost of purchasing Gift card |
Transaction Fees | No transaction fees |
What Are The Alternative Methods To Buy Bitcoin?
There are more than ten methods of purchasing Bitcoin available so there will always be an alternative method that suits your needs. Whether you want to purchase online using your credit or debit cards, or you want to use the cash or bank transfer method, you have options. And the best part is that you don’t have to look too far for your options because we’ve made a list for you here.
- How to buy Bitcoin With PayPal
- How to buy Bitcoin With Venmo
- How to buy Bitcoin With Paysafecard
- How to buy Bitcoin anonymously
- How to buy Bitcoin with Skrill
- How to buy Bitcoin with Neteller
- How to buy Bitcoin with Google Pay
- How to buy Bitcoin with Apple Pay
- How to buy Bitcoin with bank account
- How to buy Bitcoin with Debit Card
- How to buy Bitcoin with Credit Card
FAQs
Is it Easy to Buy Bitcoin With Gift Cards?
Yes, it is easy to buy Bitcoin with gift cards. The process is a short three-step method outlined above.
Can I Buy Other Cryptocurrencies With Gift Cards?
Yes. You can use your gift card to purchase other cryptocurrencies. After depositing money into your account on the crypto exchange of your choice, choose the crypto-fiat pair for the crypto you want to buy.
Can I buy Bitcoin With Gift Cards Instantly?
Yes. As soon as you find your account with a gift card, you can immediately purchase Bitcoin. Head to the trading area and find the appropriate trading pair.
Can I buy Bitcoin With Gift Cards Anonymously?
No, because you have to open an account with an exchange platform to use your gift card. When doing this you'll need to verify your account and identity. However, purchasing Bitcoin with gift cards offers a layer of privacy that other methods don't.
