Look for sellers with high feedback scores and a high number of completed trades.
Peer-to-peer platforms are the primary way to use these cards. Be prepared for prices 10%–20% above the market spot rate to compensate sellers for taking on the gift card's risk. buy bitcoin with american express gift card
Register on a P2P site like Paxful or CoinCola and complete any required identity verification (KYC). Look for sellers with high feedback scores and
Send the gift card number, PIN, and sometimes a photo of the card and original receipt to the seller as requested. Register on a P2P site like Paxful or
While each platform varies slightly, the general procedure for a P2P trade is as follows:
Once the seller verifies the card, they will release the Bitcoin from escrow to your platform wallet. Key Risks and Considerations Buy Bitcoin with American Express Gift Cards - CoinCola