Paxful is a leading peer-to-peer bitcoin market in the world and lots of people use the platform. One of the most unique aspects of the platform is the various methods of payments available with which one can obtain bitcoins. One of those methods is the use of giftcards. To buy bitcoins on paxful with giftcards is quite simple.
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After you have invariably created your paxful account and done all necessary things, then the first thing you need to do is to search for available gift card offers. Go through the offers and note the minimum amount. All sellers have a minimum amountfor the Giftcards which they collect. You have to buy a Giftcard of at least that minimum amount before you can trade. Also, all sellers have their margin which they give back on each dollar. For example, if a seller has a margin of 80 cents on the dollar, that means you will get $16 worth of bitcoin on a $20 card. The margin is the profit of the seller. So if the minimum of the seller is $20 and the margin is 70 cents on the dollar, you have to get at least a $20 card to be able to trade and you need at least , a $30 dollar if you need $20 worth of bitcoins.
Once you’ve ascertained these information, go to your local drugstore and purchase the a Giftcard of the amount you want based on the information obtained above.
Click “find an offer” for the card you have and type the full value of the card. Then click on “Buy”. You must trade for the amount of card you have though. You cannot trade only a fraction of a card. Select a vendor. Some of these vendors prefer the buyer to contact them before uploading information. So read the vendor’s instructions before doing anything. If he requires such, go to the message box and send him a message and wait for the response. Once he responds, the trade has started. If he does not respond, you can cancel the trade.
Follow whichever instructions the vendor has. Usually, you have to upload a picture of the Giftcard with the code at the back scratched open and a copy of the receipt to show it was bought with cash. Click upload button to upload the files. Once you’ve done this, click on “I Have Paid”. Do this only after you have uploaded the necessary information.
Once this is done, you will see the “bitcoin released from escrow” message and you should have the funds in your wallet.