This guide will show you how to redeem gift cards on Paxful. Don’t be stuck with gift cards you don’t want to use as you can actually convert them to cash or bitcoin on Paxful.
Paxful is a peer-to-peer trading platform and that raises concern for its safety. So, is Paxful safe?
Paxful is safe for trading gift cards for bitcoin or cash as buyers go through escrow which makes sure cash or bitcoin are received by the buyer before funds are released to the seller.
Now, let’s get down to the steps required to redeem your gift cards.
How to Redeem (Buy) Gift Cards on Paxful
Note, gift cards on Paxful are sold with discounts there’s no way you’re going to get bitcoin equivalent to your gift card’s worth. Before heading to Paxful make sure your gift card is at hand and don’t try to be funny as this can get your account suspended.
Follow the steps below:
Step 1. Register on Paxful: Click on the avatar and then “Create Account”. A form is presented on the next page, nothing complicated, just your email address, and a strong password. After registering, I strongly advise you to activate the two-factor authentification for extra security.
Step 2. Click on “Buy Bitcoin”
Step 3. Type the name of your gift card in the “Any payment method field” and select it. Gift cards you can redeem include Sephora, Nordstrom, Target, Walmart, Wayfair, Razer Gold, Dollar General, Best Buy, Vanilla, iTunes, Google Play, Visa, Amazon etc. There you’ll see available offers.
Step 4. Click on “Buy” to select any offer that you want.
Step 5. Input your gift card’s worth to see the amount of bitcoin you’ll receive by the left of the screen. See the image below:
Step 6. Click on the “Buy Now” button to proceed.