Buy Bitcoin with Amex Gift Cards
Bitcoin is the most priced digital asset today and you can get it in exchange for gift cards such as Amex. This can simply be done on a digital exchange platform- not just a platform but a trusted & reliable one.
Exchanging cryptocurrencies such as Bitcoin with gift cards is the real deal today. It is even better if you find a better place to do so like the one we would be introducing you to in this post.
In this post, we’ll show you how to buy Bitcoin with the Amex gift cards. For the sake of beginners, let’s know more about bitcoin and the Amex gift cards.
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What is Bitcoin?
Bitcoin is a decentralized digital currency, without a central bank or single administrator. It can be sent from user to user on the p2p bitcoin network without intermediaries.
The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.
As of today, Bitcoin is the largest and most popular cryptocurrency. Several other coins have been created using its model and are known as altcoins i.e. alternative currency.
As of writing, the price of BTC is $21,707.94 USD with a 24-hour trading volume of $53,738,777,630 USD. BTC has hit its all-time low in recent weeks, up 0.63% in the last 24 hours. BTC is still the number one ranked cryptocurrency today.
BTC has a live market cap of $414,385,604,020 USD. It has a circulating supply of 19,089,125 BTC coins and a max. supply of 21,000,000 BTC coins.
What are Amex Gift Cards?
American Express (AMEX) is an American multinational that provides payment cards. The company provides its clients with payment card options like credit cards, debit cards and AMEX gift cards.
An AMEX gift card, unlike the other AMEX cards, can not be used to withdraw cash; rather they are pre-loaded with cash. The holder is allowed to redeem items with the gift card till the cash loaded on it is exhausted.
The company currently offers a host of alternative payment cards including the American Express gift card.
Amex gift cards are unique because they can be used to purchase anything from a store that accepts American Express. Unlike most gift cards it is not tied to a particular brand. The American Express brand of gift card is a prepaid payment card that is used as a gift or incentive.
How To Buy American Express Gift Card Online
Buying American Express Gift Card may be the simplest thing to do. It’s not tough nor a complicated process, all you need to do is
- Visit the gift card purchase page on the American Express website
- You can choose the type of gift card you wish to buy from a list of gift cards available. You can choose a holiday, thank you, custom, congrats gift card, depending on the purpose of purchasing the gift card.
- Select the design you desire and the denomination range that matches your budget.
- Choose between the plastic card(Mail delivery) and e-Gift card(Email delivery)
- Enter the card value(that is, how much money value the card will have)
- Enter the number of cards you want to buy
- Select the customized message the card will bear or you can write a personal message on the card. It could be something as short as “Happy birthday, Zoe”.
- Write a gift message which would be conveyed to the recipient, enter your name and the recipient’s name too.
- Select “Add to cart” and pay for the card using any acceptable payment method which can be a debit card.
What Crypto Platforms Accept AMEX Gift Cards to Buy Bitcoin?
The crypto platforms that accept American Express are the ones that can process fiat money, usually centralized exchanges, and brokers.
On the other hand, their decentralized counterparts cannot accept fiat-only cryptocurrencies, and that’s why they never list American Express among its deposit and withdrawal methods.
Apart from the Bitcoin exchanges and brokers, there are plenty of other P2P lending platforms, marketplaces, and more that allow you to acquire Bitcoin in some way using American Express as a preferred payment option.
What to Consider for Choosing Where to Buy Bitcoin with Gift Cards
Here’s what to take into account when buying Bitcoin with gift cards such as Amex:
1. Fees
It’s no secret that exchange platforms are more expensive than others. If you’re on a budget, your job is to find the platform with the lowest fees. However, if you don’t mind paying more, try looking for the best price/quality ratio.
2. Limits
All brokers have transaction limits when depositing, withdrawing, buying, or selling. Please take all of them into account when choosing the best trading site for you.
3. Security
This is very important when choosing the right marketplace. You should verify that your broker of choice has all the security protocols in check. This is essential for keeping your funds and your sensitive data safe and secure.
4. Speed
Sometimes, transactions can take a couple of minutes, especially when trading Bitcoin, which is one of the slower cryptocurrencies. However, various brokers have different speeds, and you definitely want to avoid the slow ones.
5. Ease-of-use
Check the broker’s user interface and see how easy or difficult it is to use the platform to buy Bitcoin with American Express. If you’re new to the world of crypto trading, go for the simplest-looking ones.
Best Place to Buy Bitcoin with Amex Gift Cards
As stated earlier, you can buy bitcoin with the Amex gift card via Bitcoin exchanges, P2P lending platforms, marketplaces, and so on.
The best place to buy bitcoin with Amex gift cards in Nigeria and Ghana is Prestmit. The company is a digital exchange platform that gives the best rates while using its site or mobile app. It also meets the requirements you need to have a wonderful trading experience.
Read Also– Why You Should Consider Prestmit for Gift Cards in Nigeria
You can get the best rates for all subcategories of AMEX gift cards by simply selecting “AMEX” as a category of gift cards on the platform. You can also Check Gift Card Rates here before you start trading.
How to Buy Bitcoin with Amex Gift Cards
Buying Bitcoin using American Express is no different from buying anything else with credit and debit cards online.
If you’re buying Bitcoin with the Amex gift cards then you have to choose the best platform for this purpose. As stated above, Prestmit is one of the best places you can do so. Follow the simple process below to buy BTC with Amex gift cards on this platform.
1. The first step is to create an account on the platform.
2. Next step is to sign in to trade.
3. Connect your Amex gift card.
4. At the end of the transaction request Bitcoin as a payment method and your Bitcoin should be in your crypto wallet in 5 minutes.
The good thing about this is that you can do everything from the comfort of your house. So start trading those Amex gift cards for Bitcoins.
