Localbitcoins only release coins to the buyer once his payment to the seller is confirmed. Users on the platform are also encouraged to do their due diligence on the person they are carrying out an exchange with. That is highly recommended. The buyers and sellers get to agree on the trade terms. They are free to decide their limits and prices. LocalBitcoin is available in almost every country around the world. The liquidity, however, depends on the number of buyers and sellers in your area.
Unlike most major exchanges, with LocalBitcoin, one must physically or digitally connect with the person that they are selling to or buying from. The buyer and seller also determine the payment method. The amount you have to spend is calculated automatically. For the calculations, the broker relies on the actual exchange rate data. What requirements must I meet in order to use J2TX services? To open an account with the platform, you must be at least 18 years old.
You must also have an ID, passport or any other document that certifies your identity in order to make money transfer. You must also have a Visa or MasterCard-enabled bank card. Be sure to have a phone with a good camera to take good-quality pictures of your documents and send them to the exchange.
You will also need to send a photo of your bank card to prove your ownership of the payment tool. Is it safe to buy Bit coin with a Visa card? Yes, it is perfectly safe. Firstly, Visa purchase with debit or credit cards are safe as long as you follow all the guidelines and security measures. Secondly, licensed by Cyprus Securities and Exchange Commission, J2TX provides you with a transparent and secure environment for buying tokens and other cryptocurrency transactions.
Never disclose your payment instrument details to a third party to secure your savings. Features of Buying Bit coin with a Visa Bank Card Before you buy incognito purchase for untracked transactions is not possible Bitcoins with your Visa prepaid card card, wallet or other methods , you should know that it is a highly volatile digital asset.
So, if you want to invest in BTC, you must realize that there is no guarantee that you will get your money back in full. We recommend you diversify your investment portfolio and spend on buying cryptocurrencies with card or wallet as much as your risk tolerance will allow. Buying crypto consists of a few simple steps as outlined below: Choosing where to buy with card. We recommend the decentralized J2TX platform as the best option in terms of transaction cost and speed. Verifying your identity.
Centralized platforms exchange adhere to KYC practices, so verification of your identity is mandatory. Connecting a payment tool. Almost everyone has a bank card Visa prepaid or MasterCard. A bank card is a simple and secure payment method that is widely accepted. Simply transfer the required amount of fiat cash to get the desired number of tokens for good price.
As the cryptocurrency market has grown, many platforms and online services have emerged where you can buy Bitcoin BTC and altcoins as well as trade them and exchange for cash even using phone. J2TX backed by a reputable company stands out from the crowd thanks to its low fees and high transaction speed.
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We recommend using Gyft as they seem to have the largest range of retailers out of all of the exchanges that we have looked at. The best way to trade your gift cards for Bitcoin is through the use of what is known as a peer-to-peer marketplace. LocalBitcoins and Paxful are the two most popular peer-to-peer Bitcoinmarketplaces. Both of these sites work in the same way, however, LocalBitcoins seems to have a larger community, we recommend you check them out before using Paxful.
After making an account on your marketplace of choice, you will need someone willing to accept gift cards as a payment method. Finding a seller that accepts gift cards is easy, both LocalBitcoins and Paxful allow you to search by payment method. Simply select gift cards as a filter when searching, and you will be shown a list of sellers looking for gift cards in exchange for Bitcoin. As this is a peer-to-peer platform, each individual seller sets their own price.
Once you have found a reliable seller, you need to start a trade. As soon as a trade is initiated, the sellers Bitcoin will immediately be debited and placed into escrow. After the sellers Bitcoin is with the escrow service, you need to provide them with your gift card information. As soon as the seller receives the gift card information, the Bitcoinwill be available on the marketplace itself or in any wallet that you have linked to the site.
There are some things that you should take into consideration before working with a new seller. We also recommend that you take screenshots of each step when making a transaction, this will be extremely useful if there are any problems and will help customer support deal with the claim. Buy BTC with a gift card — Are these sites safe? Most of the sites detailed herein are peer-to-peer, meaning that buyers and sellers engage directly with each other, thus increasing the chances of being defrauded.
While the sites might offer you extra security features such as an escrow service, it is important that you take extra measures to protect yourself from scammers. After all, the fact that you are not using your gift card does not mean you should lose it to a fraudster. One sure way to ensure the safety of your transaction is by critically going through the feedback rating of any potential seller. If the negative ratings outweigh the positive ones, it might be wise not to engage them.
Ensure to ask all relevant questions before you upload or provide your gift card details. Further, if at any one point you have doubts about a seller you are engaging with, do not be afraid to cancel the transaction, better safe than sorry! Most importantly, do not upload or provide your gift card details until you are absolutely sure you want to proceed with the transaction. Conclusion Now that you are armed with platforms you can use to convert your unused gift cards into Bitcoin, all you need to do is choose one and sign up, which should be pretty easy.
You may want to check gift card rates right now or check the top 15 gifts cards at any time. The platform enables users worldwide to connect to buy and sell bitcoins from anywhere in the world. On the platform, users can: buy cryptocurrencies offer to sell cryptocurrencies under their own conditions To protect users against fraud during the exchange, the platform escrows the amount at stake. Localbitcoins only release coins to the buyer once his payment to the seller is confirmed.
Users on the platform are also encouraged to do their due diligence on the person they are carrying out an exchange with. That is highly recommended. The buyers and sellers get to agree on the trade terms. They are free to decide their limits and prices. LocalBitcoin is available in almost every country around the world. The liquidity, however, depends on the number of buyers and sellers in your area.
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