Gift cards are a popular payment method on Paxful. This article gives you an overview of selling cryptocurrency using any of the supported gift cards.
Before selling cryptocurrency with gift cards, there are a few things to consider:
- You can only buy cards that are in personal ownership of your trade partner.
- Decide if you need e-code or physical cards.
- For more information, check our big article on gift card trade specifics.
Searching for an offer
The first step to selling cryptocurrency with gift cards is to look for an offer that accepts your gift card type. You’ll also need to input the amount of cryptocurrency you wish to sell and the currency you prefer.
When you find the offer that suits you, be sure to read the offer terms before starting the trade.
Tip: Pay attention if a buyer is ready to provide a receipt or any other proof of payment.
Once you have started the trade, a more detailed set of instructions will appear. These are called trade instructions. In some cases, buyers will have a step-by-step guide for you to follow.
Creating an offer
To sell cryptocurrency for gift cards, you can also create your own offer. Here are some things to consider:
- Set a margin you find profitable as no negotiations during the trade are allowed.
- Write clear offer terms and instructions.
After creating and publishing your personalized offer, wait for a buyer to start a trade with you. Once a trade has started, you will receive a notification. Feel free to discuss all the necessary details with your trade partner.
Completing a trade
Once the buyer has paid you and marked the trade as Paid, double-check if the payment has been successful on your end.
The last step for you is to release cryptocurrency from the trade escrow. Click the Release button only if you are absolutely sure about receiving the payment.
After a trade
Once the trade is completed, you can leave appropriate feedback for your trade partner. Also, if you like trading with the user, you can add them to your trusted list.
Here is some more information on how to sell cryptocurrency on Paxful.