Do you earn some crypto by yield farming, liquidity pools, staking or from increased price and want to buy a real world product, let’s say like a PC monitor phone? Unfortunately, most online and retail stores don’t accept crypto as a payment method and when you need to buy a product like that, you would have to convert your crypto to fiat via a crypto exchange, send it to your bank account and then buy it on a retailer. This can be time consuming and costly; cash out limits, exchange fees, tranfer times. But there is a clever workaround which is simple but faster and cheaper. The trick is to buy gift cards with crypto at Cryptorefills. In this post, we will explain how to buy a gift card with bitcoin and other cryptocurrencies. We will also briefly explain how gift cards work and all the advantages of buying gift cards with crypto.
What are Gift Cards?
The idea of a gift card is to give it to someone for a present and this is why they are called gift cards. A gift card has a prepaid stored-value money card issued by a brand like Amazon, Apple, eBay, Google or Steam. It has a fiat value such as 100 USD. You can use gift cards for your online purchases on the retailer’s website or directly at a physical store of a brand. It depends on the gift card type you are buying. Digital gift cards can typically have a PIN code to be inserted on the retailer’s e-commerce site during the checkout. Other gift cards that can be used at the retailer’s store can contain a barcode. You can print out that barcode or keep a copy of it on your phone and show it to the cashier when you pay. Another cool thing is that you can buy gift cards with crypto anonymously.
How to Buy Gift Cards with Crypto
We will guide you step by step on how to buy the most popular gift cards with your crypto at CryptoRefills. Once you land on the home page of CryptoRefills or open the CryptoRefills app, you can start seeing the categories and the brands under them. For instance, if you want to buy something at Ikea, you will find the brand under “home” category or if you want to buy a laptop from mediamarkt, you will find the brand under electronics and so on. Let’s buy a gift with crypto using Ikea Gift Card as example.
Time needed: 4 minutes.
This is the step-by-step process how to Shop with Ethereum
- Go to Cryptorefills.com or install the CryptoRefills App
Click here to go to CryptoRefills website or the image below to download the CryptoRefills App on your phone.
- Select the category
After going to the website or installing the app, you will see the product categories that are available. Choose a category.
- Select the Ikea Gift Card and the price package
Just select the Ikea brand. Then you will see the available packages such as 50 EUR, 100 EUR, 150 EUR. Click on the package you would like to purchase.
- Select the currency
Now select the cryptocurrency you prefer to pay with such as Bitcoin, Ethereum, Litecoin or Dash. You will see the cost of the price package based on the currency you select.
- Proceed to the checkout
Insert your email and tick the box. Click on proceed to payment. (Make sure your email is correct so that the unique Ikea voucher code can be delivered to you and you can be contacted in case of issues).
- Make the crypto payment
Send the exact amount of cryptocurrency to the address displayed and follow the instructions. It is important you send exactly the amount displayed. You can use the QR code displayed on the page to make sure the address is correct and speed up this step.
- Receive your Ikea code
After a few minutes, you will receive your Ikea code by email. The delivery of the code depends on the time to confirm the transaction on the network. Generally, it will take a minute or two, but you might need to wait 5 or 10 minutes depending on the network congestion and the miner fee. Check your spam/junk folder. If you still can’t find the email, please send an email to email@example.com from the email address you used.
- Redeem your Ikea gift card
When you pay for your order, you just need to get your QR code or barcode on the gift card scanned by the cashier or display the gift card number and associated PIN to the cashier at the time of purchase. If you are paying online, at checkout, select Gift Card as the payment type and enter the gift card number and PIN when prompted.
Attention: Please do not forget to check your spam folder in your email.
That’s all you need to know about buying gift cards with crypto.
When it is still difficult to cash out and use crypto to purchase goods and services, you realize that CryptoRefills is a clever workaround which is simple and safe to buy gift cards with crypto in 3-5 minutes.
Disclaimer: This post is for informational purposes only, and none of the information above is intended to be legal, investment, financial, or other advice.