How To Buy Bitcoin With Amazon Gift Cards

However, the rise of Bitcoin after the economic recession in 2015 has seen more Nigerians move towards trading Amazon gift cards for the digital currency.

The low transaction fees an the option of cross-border transactions also makes the coin attractive as Bitcoin has a wider adoption range.  It is no surprise that the number of Bitcoin transactions has increased in Nigeria by over 1500% since 2015.

BONUS: Get $5on your first trade on CoinCola.

Best Platform to Exchange your Gift Cards for Bitcoin in Nigeria

There are several platforms that enable you to exchange your Amazon Gift Cards for Bitcoin in Nigeria.

Some of these platforms are listed below

Paxful

The platform has thousands of sellers and buyers looking to exchange the Amazon gift card for Bitcoins. It utilizes a simple user interface which is part of the appeal of the site as transactions can be carried out within minutes.

One major problem with Paxful has been cases of scam reported on the platform. Paxful does not do enough on the security aspect and this has given the website a tainted reputation in recent years.

Despite this, its versatility and ease of use make Paxful one of the best platforms out there for exchanging Amazon gift cards for Bitcoin.

CoinCola

CoinCola is one of the best dual trading exchange platforms in the market. CoinCola allows for trading of Amazon gift cards for Fiat currency or Bitcoin. The Honk Kong based exchange is reputable and has a good track record as a platform for quick, secure transactions.

CoinCola has one of the lowest transaction fees in the market with the platform taking just 0.7% of your transactions. In addition, you get a Bitcoin Wallet where you can keep your funds securely.

The exchange also utilizes bank-grade protocols which ensure that your funds are kept safe and accessible at all times. While its user-interface is similar to Paxful in terms of ease of use.

How to Exchange Amazon Gift Cards for Bitcoin on CoinCola?

Check your Amazon Gift Card for Funds

One mistake that many make is that they don’t check their Amazon gift card to ascertain if there are funds loaded.

It is common knowledge that Amazon gift cards don’t expire until it is used but it is safer to check the e-code to ascertain the funds on it.

Sign Up for a free account

The next step is to register on Paxful or CoinCola, this process takes less than five minutes.

New users will get 0.0001 BTC bonus for the first trade of 0.001 BTC or more on CoinCola.

Note: you have to be careful when filling your details as it must be the correct information to avoid problems when trying to withdraw funds.

Note your Bitcoin Wallet ID

Your Bitcoin wallet ID is important as it serves as the location where your BTC would be sent to after transaction. Both platforms offer users a free Bitcoin Wallet on registration, ensure that you note down the wallet ID as it is important for the next step.

Locate the Gift Card market

After following the step above locate the OTC if you are on CoinCola move to the gift card section and create an offer with the options of receiving payments in BTC.

Verify transaction

During the process of creating your order to sell your Amazon gift card for Bitcoin, you would need to verify the transaction rate of the gift card before confirming the order.

When a buyer sees the offer and makes contact you verify the payment method and click initiate.

After the buyer confirms the Genuity of the Amazon gift card the equivalent value in Bitcoin would be released to your Bitcoin wallet from escrow.

P.s. For people who want to buy bitcoin with Naira instead of gift card, go to the page of buying bitcoin in Nigeria at CoinCola where numbers of guys are selling bitcoins with different prices and payments in Nigeria.

CoinCola website: https://www.coincola.com

CoinCola iOS APP: https://www.coincola.com/app/download

CoinCola affiliate: https://www.coincola.com/affiliate

Facebook: https://www.facebook.com/CoinCola/

You May Also Like

Kristina Sunshine Jung’s Net Worth, Biography, Career, Awards, Fact and Life Story

splits: 1Kristina Sunshine Jung net worth: Kristina Sunshine Jung is the daughter of George Jung, a former primary member of the Medellin Cartel, a major drug smuggling ring that operated in the late 70s and early 80s. The Medellin Cartel was responsible for nearly 90% of the cocaine that was smuggled into the United States in the 80s and 90s.googletag.cmd.push(function() { googletag.display(‘dw_inline1’); });Her father was caught multiple times, and in the late 80s, he skipped bail and took his family with him on the run. He attempted to work some legal jobs for a few years, but returned to drug smuggling in the early 90s, until he was caught again. George was sentenced to 60 years in jail, but that was later reduced. Kristina Sunshine Jung was separated from her father for most of her life, but reportedly visited him in 2002. She also made a cameo appearance in the movie “Blow”, a fictionalized account of George’s life starring Johnny Depp. Her scene was ultimately cut, but can be seen in the DVD extras. In the movie Jung was portrayed by Emma Roberts and Jaime King. She currently lives in California with her husband and children. George Jung is scheduled to be released on Thanksgiving day 2014, that’s November 27th. He is incarcerated in Fort Dix, New Jersey. It is unclear whether or not Kristina plans to have a relationship with her father upon his release or whether they have had much of a relationship while he has been incarcerated. The movie implied that they have not had any contact in many years.
Read More

Ryan Callahan’s Net Worth, Biography, Career, Awards, Fact and Life Story

Ryan Callahan net worth: Ryan Callahan is an American professional hockey player who has a net worth of $16 million. Ryan Callahan was born in Rochester, New York in March 1985. He is a right winger who played for the Syracuse Jr. Crunch and the Buffalo Lightning in the OPJHL. From 2002 to 2006 Callahan played for the Guelph Storm in the Ontario Hockey League. He was drafted #127 by the New York Rangers in the 2004 National Hockey League Draft. Callahan played for the Rangers from 2007 to 2014 and for the Tampa Bay Lightning from 2014 to 2015. He has also represented the United States in international competition and won a Silver medal at the 2010 Vancouver Olympic Games. Callahan is a four time Steven McDonald Extra Effort Award winner. He signed at three year deal for $12.8 million in 2011 and a six year deal for $34.8 million in 2014.
Read More