Hey Guys, Recently a friend of mine bought Bitcoin using his Amazing Gift card and told me about his experience. I was really surprised because I had never heard of that previously.
But Today we will have a deeper look on Purse.io as I feel it is much easier and cheaper than Paybis.
What is Purse.io?
Purse.io is an innovative and simple way to exchange Amazon Gift card for Bitcoins. On contrary, Purse allows you to buy anything on Amazon using Bitcoins.
You can even get 5% discount on buying products on Amazon by paying using BTC through purse.io. Let’s see how it is actually done.
Purse acts like a marketplace between people who want to Buy products from Amazon and the people who are willing to Buy Bitcoins. Many users have Amazon gift card and they just want to get money out of it and in this case they generally sell their gift cards at a lower price. For Example: $80 for a $100 gift card.
Since Purse has a huge amount of users on board, it gives an opportunity to Buy Bitcoin in exchange for a gift card. So this is the first choice to buy small amount bitcoins, however, if you want to Buy large sum of BTC, then I would recommend you use other ways like Paypal, Bank cards etc.
In this step by step guide, I will cover just one part of using Purse.io i.e. Buying Bitcoin with Amazon gift card. In short, you just have to process someone else order on Amazon and you will get the BTC in return. 😉
First of all, let’s see what all you require before jumping onto the main point.
- Amazon Gift Card (With min. $10 credits)
- A Bitcoin Address
- An Email ID
Once you got all the basic requirements, let’s move forward to our tutorial without a further Ado!
CageTip: If you do not have a gift card, you can also use other modes to pay at Amazon in the final step.
How To Buy Bitcoin with Amazon Gift Card
First of all, let me tell you that, this process is really very easy and would not take much of your time. Let’s see what all we need to do.
- Firstly, Go to Purse.io
- Enter your Email ID and then Set Password on next page.
- Now click on ‘Create Account‘ and Verify your Email ID.
Once you have your Purse.io account activated, These are the Steps to Buy Bitcoin with Amazon Gift Card:
- Once you login to your account, Click on ‘Earn‘
- You will see a list of users who had listed their order and you can filter them as per the Country, Amount and availability.
- Let’s filter country as ‘United States’
- You will now see the price and the amount of BTC you will get.
- Now click on any price that you want to spend.(I clicked on $17.23). A pop-up will occur and you need to Click on ‘Accept Offer’.
- Click on Purchase items and you will be redirected to Amazon product page.
- Now you have to complete the order on Amazon within 1 hour and Enter the Order Confirmation message on Purse.
Note: If you do not enter the Confirmation details within 1 hour, the order will be canceled automatically.
That’s it! If you completed the order, then enter all the details back on purse.
You will receive your BTC in your Purse account once the seller confirms the delivery. And do not worry about any scam, as Purse acts as an Escrow. Hence your money is in safe hands.
You can also check the product delivery status on Amazon, to keep a check. However, You will also get an email from purse regarding the delivery status.
Checkout the Countries where Purse.io is available?
Before you start using Purse for amazon gift card exchange to Bitcoin, go through the list of the countries where purse.io is supported.
- United States
- United Kingdom
I thought, why not even add a few more things about Purse.io which would be beneficial for all the beginners.
What are the Advantages of using Purse.io?
I really liked using Purse.io to sell my amazon gift card for bitcoin. So here are a few pointers:
Safe: Using Purse.io is extremely safe as they act as an Escrow and we can do realtime tracking. Hence there is no chance of fraud or scam.
Simple: It is the most simplest and easiest way to trade gift cards for Bitcoins.
Excellent Customer Support: The customer support team is really nice and helpful. If incase, you do not receive your Bitcoins even after the delivery of the product, you can contact the customer support(via Email) and they will get back to you almost instantly to resolve the issue.
Gift Card Not Necessary: Even if you do not have an Amazon Gift card, still you can buy BTC just by paying through other Payment modes on Amazon. This is a simple way to Buy Bitcoin on Amazon.
What are the Disadvantages?
Everything has a few pro as well as cons. So a few things that made me rethink about using Purse.io are:
High Charge: The Selling price of Bitcoin is a bit high which makes it convenient only for small transactions. If you buy a large amount of BTC using Amazon account, then trust me it will cost you a lot.
Slow Process: It generally takes around 3-4 days to get Bitcoin in your purse wallet. However, if you have Amazon Prime membership, then the process would take lesser time of around 1 day.
So, That was it for the whole Purse.io review and the Best way to Buy Bitcoin with Amazon Gift card.
I will soon come up with more amazing guides and tutorial so that you get to know more about Crypto world.
If you liked this article, then don’t forget to share with someone who wants to Buy Bitcoins. 🙂
Also spare a moment for:
- How to Make a Paper Wallet
- Keep Bitcoins Safe with Android Wallets
- Best Bitcoin Exchanges in the World