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- 1. How to buy Bitcoin with gift card in 2023
- 2. How to buy Bitcoin with gift card – a step-by-step guide
- 3. Top Bitcoin platforms that accept gift card
- 4. Quick answers to key questions
- 5. Should I buy Bitcoin using a gift card?
- 6. Is there an alternative to buying cryptocurrency with gift card?
- 7. FAQs
How to buy Bitcoin with gift card in 2023
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Firstly, the most important question to answer is: can I buy Bitcoin with a gift card?
No, a gift card doesn’t allow you to purchase cryptocurrency. However, you can use a gift card to fund a trading account and buy Bitcoin that way.
You just need a crypto exchange that accepts gift card deposits. And we’re here to help.
How to buy Bitcoin with gift card – a step-by-step guide
It takes about 15 minutes to buy BTC with a gift card. Have a copy of your photo ID to hand and follow this guide to get started.
Step 1. Sign up with eToro
We recommend eToro as the best platform to use to buy BTC with gift card.
Step 2. Create an account
You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.
Step 3. Add funds to your account via gift card
Select ‘gift card’ from the menu and enter the code on your gift card to redeem it. The funds will be added to your wallet.
Step 4. Use the search box to find Bitcoin
Use the search box on the home page to search for Bitcoin and the currency you want to pay in (such as GBP).
Step 5. Make your purchase
Enter how much Bitcoin you want to buy, check the details and process the transaction. Once the payment goes through, your new Bitcoin will show up in your exchange account.
Top Bitcoin platforms that accept gift card
1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
2. Public. Best for sharing beginner trading ideas
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.
3. Bitstamp. Best for professionals & trading with APIs
1
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand.
Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.
The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.
Quick answers to key questions
Can I buy crypto with gift card?
Yes, you aren’t limited to buying Bitcoin alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support gift card as a payment method offer 50+ cryptocurrencies and many offer hundreds more.
Is a gift card safe?
Yes, it’s completely safe to use a gift card. The only risk to look out for is to make sure you sign up to a regulated gift card Bitcoin broker when buying Bitcoin. Using an unregulated broker platform can put your money at risk.
How much does it cost to buy Bitcoin via a gift card?
You may have to pay a small trading fee as part of the purchase, but there’s no additional cost for using a gift card.
The trading fee depends on the broker. It’s increasingly common for crypto brokers to offer free trading, otherwise a fee of 1-2% is about par.
There isn’t normally a fee for the gift card itself. If you’re lucky, that’s going to be paid by the person buying you the card anyway.
Can I store Bitcoin on my gift card?
Technically, yes. But it’s not a long term solution. Many brokers offer crypto gift cards so you can send Bitcoin to other people. Which means that you can load up a gift card with crypto and ‘store’ it.
However, we certainly don’t recommend doing this. Gift cards aren’t secure, they can be lost, or redeemed by anyone with the code. There’s nothing to prove the crypto on the card is yours.
You’re much better off storing your Bitcoin in a crypto wallet or simply leaving it in your broker account.
Why don’t more crypto platforms support gift cards?
Lots of platforms do, but it depends on what sort of audience they’re looking to attract. More modern platforms aimed at younger investors are more likely to offer gift cards than traditional brokers.
Crypto-only platforms are much more likely to offer gift cards than all-in-one investing platforms. In part, this is because it’s much easier to buy $10 or $20 of Bitcoin and store it on a gift card than the same amount of a popular stock like Apple.
Should I buy Bitcoin using a gift card?
A Bitcoin gift card is a great option if you want to introduce friends and family to crypto. It’s extremely easy to buy one through a popular, secure exchange like Binance, and load it up with Bitcoin or enough cash to fund someone’s trading account.
The only thing to consider is that your favourite broker might not offer a gift card. You may have to choose from a limited pool of options.
Here are some more pros and cons of buying a Bitcoin gift card.
Pros
- Convenient way to send Bitcoin to friends and family
- Load up a Bitcoin gift card with as much money as you want
- Easy to redeem a gift card on major exchanges like Binance
- Send and receive crypto or use a gift card to fund a trading account
Cons
Is there an alternative to buying cryptocurrency with gift card?
There are plenty of alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Bitcoin purchase.
- Buy Bitcoin with Afterpay
- Buy Bitcoin with American Express
- Buy Bitcoin with Apple Pay
- Buy Bitcoin with bank transfer
- Buy Bitcoin with cash
- Buy Bitcoin with Cash App
- Buy Bitcoin with Discover Card
- Buy Bitcoin with gift card
- Buy Bitcoin with Google Pay
- Buy Bitcoin with Neteller
- Buy Bitcoin with Payoneer
- Buy Bitcoin with PayPal
- Buy Bitcoin with Paysafecard
- Buy Bitcoin with Paytm Wallet
- Buy Bitcoin with Revolut
- Buy Bitcoin with Skrill
- Buy Bitcoin with Swish
- Buy Bitcoin with Venmo
- Buy Bitcoin with Zelle
- Buy Bitcoin with Zippay
FAQs
More ways to buy cryptocurrency
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Navigation
- 1. How to buy Bitcoin with gift card in 2023
- 2. How to buy Bitcoin with gift card – a step-by-step guide
- 3. Top Bitcoin platforms that accept gift card
- 4. Quick answers to key questions
- 5. Should I buy Bitcoin using a gift card?
- 6. Is there an alternative to buying cryptocurrency with gift card?
- 7. FAQs