Ever wondered how you can earn money with an extra iTunes gift card you may have just sitting around? How can you turn these gift cards into profit? Maybe your friend is already earning using iTunes gift card and you’d like to know their secret. Well, here’s your chance because we’ll be teaching you how to earn a profit using iTunes gift cards.
Caution: There are other websites like Paxtradings.com who claim to be our affiliate and offer education about Paxful. These websites operate without a safe escrow and are known to be frauds that scam people. Please make sure you have paxful.com on your browser address. Any other websites are likely to scam you.
For more information on how to become any gift card vendor, read the vendor page on Paxful.
Why use iTunes Gift cards
There are approximately 1.4 billion Apple users reported at the end of December 2018. With that in mind, you can only imagine the rapid growth of people starting to use iTunes Gift cards whether for their business or for personal use.
As people embrace the culture of a decentralized currency you can only expect that people would find creative ways to earn some money while trading iTunes gift cards for bitcoins.
How to get started
The first step is to make sure you have a Paxful account. You can sign-up for free and upon registration, you get a free bitcoin wallet. This is the same bitcoin wallet that you would use to earn your profits.
Take note that you have to protect your bitcoin wallet at all costs because there are lots of scammers who could snatch those away if you don’t properly secure it.
Please take note that in order for you to create an offer you must have 0.1 BTC bond, which is required for creating a gift card offer.
How to create your own offer
Step 1 – To create an offer, log in and go to the upper right side and hover your mouse over the “BUY BITCOIN” button. Then, click on “CREATE AN OFFER”
Step 2 – On Paxful, you can buy and sell bitcoins using iTunes gift cards. For the benefit of this tutorial, I will be showing you how to sell bitcoins using iTunes gift cards. If ever you want to buy bitcoins using iTunes gift cards, click on the button that says ”Create an offer to buy bitcoins for something else” and it will give you the option to create an offer to buy bitcoins using iTunes gift cards.
Step 3 – Choose and find the iTunes gift card option on the search option.
Step 4 – Choose the currency you would like to trade-in.
Before proceeding to the next step, review the window on the left. You should see something like this:
Now, once confirmed, you may click the “Next step” button.
Step 5 – Enter the mark-up and the trade limit that you desire. Take note that on each trade, you have to set a good markup price because buyers/sellers will not want to buy overpriced products.
Step 6 – Input your time frame window. This is the time frame you will give to your potential trade partner. If he/she does not click the “Mark as paid” button in time, the trade will be canceled.
Review the details on the left side of the page. It should look like this:
Step 7 – Create an offer that will stand out by creating tags. Place tags that will identify the offer that suits you and you are comfortable with. Here are a few sample tags if you’re new::
Next, add your offer label (this is the title of your offer). Then, add your trade terms and instructions. These terms and instructions will dictate how you want the trade to be done so make them as detailed as possible. Remember that we do not encourage haggling in the trade chat as it is in direct violation of our TOS.
At the bottom part of the page, you will be able to see additional settings like:
- Target country
- Minimum trades required
- Limitation by countries
- Proxy/VPN limitations
Of course, these settings are optional. After inputting all the required information, all you need to do is wait for someone to bite and you’ll be ready for trading..
How to avoid scammers while trading
It is always important that you secure your Paxful wallet before trading. We suggest that you enable two-factor authentication when setting up your account. If you’re in doubt, Paxful also has a reputation system in place and here’s a tip: if the offer’s too good to be true, it probably is.
All things settled? Let’s go trade.