How To Convert Gift Cards To Bitcoin?

As the dawn of the digital age progresses Bitcoin has become an increasingly popular form of currency. Since 2009 BTC has grown from a concept of 'internet money' reliant upon blockchain technology to a globally recognized and accepted form of digital currency which leads a market that grew to over $2 trillion dollars in total value a year ago.

With Bitcoin becoming so widely popular as an accepted digital coin, an increased number of merchants and retailers have begun working with gift card distributors who have evolved the multi-billion dollar industry by introducing the concept of the Bitcoin gift card to the live global market. The rise of the number one digital asset , when ranked by total market capitalization, has caused the instances of Bitcoin gift cards to grow significantly. As Bitcoin gift cards become more commonly seen, it has also made it more common to encounter instances of individuals wanting to convert gift cards into Bitcoin.

Why Convert Gift Cards To Bitcoin?

The answer to the question, why convert gift card to Bitcoin is one with multiple answers as there are a plethora of reasons why an individual may want to convert gift cards to BTC. While Bitcoin can be used across the internet globally with thousands of on and offline retailers, merchants and businesses, traditional debt and credit cards furnished by major payment processors like Visa are currently still the easiest way to use and transact with currency.

The main reason for an individual wanting to convert a gift card to Bitcoin is for enhanced usage in online and offline sales scenarios. Gift cards converted to Bitcoin could be used to gift and reward others in a new and innovative way. Individuals are able to give BTC gift cards to others for gifts, while businesses can implement Bitcoin gift cards as an employee incentivization program, and also to support and facilitate appealing client appreciation or loyalty programs. There are several reasons individuals and businesses would be interested in converting gift cards into Bitcoin, thereby merging the two.

How Can Gift Cards Be Converted To Bitcoin?

Gift cards can be converted to BTC in any one of several models in existence today. The simplest way to convert a gift card to Bitcoin is perhaps online in a digital environment. With the increase in online business and payment systems in recent years, just as with every other market sector, gift cards have moved to the digital plane. Companies like BitCard® provide a secure online platform to do just that – convert BTC gift cards into Bitcoin which can in turn, be used at tens of thousands of retailers across more than 150 countries in addition to the continental United States.

While the BitCard® sales process funnels from the online platform to official resellers, who distribute to gift card outlets and individual retailers and merchants, individuals are able to obtain Bitcoin gift cards at the retail level or in the event they are given them as a gift or reward. The unique and convenient thing about BitCard® BTC gift cards is that they can be redeemed in just a few simple steps, and then Bitcoin is sent and stored to their secure digital wallet which is established in the final step of the redemption and registration process.

With a dramatic increase of retailers, businesses and merchants who accept Bitcoin and cryptocurrencies today as compared to times past, the convenience of having a functional Bitcoin wallet could be of immense value to individuals who ultimately choose to use the BitCard® gift card model and platform.

The Registration And Conversion Process

Once an individual obtains a BitCard® gift card from an official partner retailer or is given one, the three-step registration process to convert the gift card to Bitcoin is designed to be seamless. On the BitCard® platform, individuals first need to complete a KYC-verification in order to establish a new account and move on to the next step in the process. Following successful KYC and the establishment of a new BitCard® user account, new users then need to validate their BitCard® BTC gift card by inputting the validation number on the digital or physical BitCard® gift card.

The final step in the registration process requires registered users to redeem the Bitcoin value held on their BitCard® gift card, and send into their digital wallet established in this final step. At this point the gift card conversion process to Bitcoin is complete, and card holders are able to begin using their BTC held in the newly established wallet. If holders so choose, they can use the new digital wallet to replenish with more Bitcoin at any time. This convenient feature compliments the functionality of the BitCard® gift card, which is accepted throughout the world with retailers, businesses and merchants across industries.