The most well-known exchanges, like Coinbase and Binance, do not provide a way to buy digital assets using eBay Gift Cards or other gift cards.
Only a peer-to-peer exchange like Paxful offers the option to purchase Crypto and Bitcoin using an eBay Gift Card. You can get started safely in a matter of minutes by following our comprehensive guide.
How To Buy Bitcoin With eBay Gift Card On Paxful:
- Create a Paxful account.
- Verify your account.
- Go to “Buy Bitcoin” and look for eBay Gift Card.
- Open a trade with the merchant and fulfill the conditions.
- Get bitcoins delivered right to your Paxful wallet.
How to Buy Crypto With EBay Gift Card
Finding a trustworthy cryptocurrency exchange that takes eBay gift cards is the first thing you’ll need to do. It’s crucial to find an exchange that does because not all do. You must register for an account and provide identification proof after you’ve found a reliable exchange.
Because Paxful is one of the few marketplaces that allows users to purchase Bitcoin and other cryptocurrencies using Ebay Gift Cards, we highly recommend them. Your connection to a seller who accepts Ebay Cards as payment will be made through their P2P exchange platform.
To get started, follow this guide:
- Step 1: Join the Paxful P2P Exchange.
- Step 2: Choose “eBay Gift Card” from the table on the left side of your screen as your payment method, then narrow down your options.
- Step 3: Once you have located a trustworthy seller, select them by clicking on their name or the “Buy” button.
- Step 4: Now proceed with the payment process to purchase Bitcoin using your eBay Gift Card. Your gift card information and the seller’s bitcoin will be held in escrow by Paxful to ensure the security of both parties.
- Step 5: You must enter a destination BTC address after the transaction has been confirmed in order to receive the funds. After 10–20 minutes, you ought to get the Bitcoin you requested for your eBay Gift Card.
Is Buying Crypto With EBay Gift Card Safe?
Unless you use a P2P exchange like Paxful or Local Bitcoins, purchasing Bitcoin and other cryptocurrencies with an eBay Gift Card is not a very safe option. This is due to the fact that eBay Gift Cards are not redeemable, so if you try to exchange their value for Bitcoin with a stranger, they may con you without any repercussions.
Due to the fact that they escrow your information and the Bitcoin from the seller, peer-to-peer platforms like Paxful or Local Bitcoins are beneficial for eBay cards. This indicates that neither party will receive payment until the other has performed their obligations under the terms of the swap.
EBay Gift Card Bitcoin Fee
You can anticipate paying about %1 in trading fees if you choose to purchase Bitcoin using an eBay Gift Card through Paxful. Paxful and other P2P platforms levied a 1-2% fee to escrow each party’s funds. Paxful charges traders a flat fee of 1%, which is on the low end of platform fees.
What is An Ebay Gift Card?
A physical or digital gift card that can be used to buy things on ebay.com is called an ebay gift card. Instalments of $25, $50, $100, and $250 are available for purchase on cards. Digital cards can only be used online, while physical cards can be used both online and in-store.
An Ebay Gift Card can be used to buy as many items as you like, but money cannot be taken out of the card or used to buy more gift cards. After 10 years from the purchase date, cards expire.
Add items to your cart and go through the checkout process to use an Ebay gift card. On the payment page, select “Gift Card” as your payment method and enter the 16-digit code found on the back of the card (or in the email for digital cards). Your order total will be reduced by the value of the gift card, and any unpaid balance can then be settled during checkout using another form of payment.
Final Thoughts
Although buying Bitcoin with an eBay Gift Card can take some time, it’s an option to take into account if you’re looking for another way to buy cryptocurrency. Paxful is one of the few P2P platforms that accepts eBay Gift Cards as payment, so we strongly advise using them. Always take the necessary security precautions to protect yourself, and make sure to research any seller before providing your gift card information. You can easily purchase Bitcoin using an eBay Gift Card if you take the proper steps.
