???? Hey everyone, this is Linda from CoinGate.
Just recently, we have introduced our special Gift Cards store, where you can buy vouchers from well-known brands like Amazon, eBay, PlayStation, Airbnb, and more! And what progress it has been so far since launching in September of 2020:
???? Each month were more productive than the previous month in terms of turnover
???? Each month we added at least 50 more gift cards to our store
???? The general popularity, traction, and traffic of the gift card store have been increasing at a high speed, hence, the growth in transaction volume
???? At the time of writing, there are almost 1,000 gift cards in our store, all of them belonging to different categories:
But why do people buy gift cards with crypto? – one may ask
Good question. The thing is not many people know what to do with cryptocurrencies once they get them. But now, crypto owners start to realize that selling cryptocurrencies for gift cards is one of the better, more flexible options.
It’s not just because it allows making purchases from places that don’t usually accept crypto payments. In general, gift cards can be useful in several different ways, and spending cryptocurrencies instead of fiat adds more benefits.
???? Gift cards to transfer value globally
If you’re one of those people that send money to relatives abroad and spend lots of cash just to achieve it, sending gift cards instead can be a better option for you and your family.
The reason why is because this way, there are no bank money transfer businesses involved in the process. Instead, gift cards can be purchased with Bitcoin and other cryptocurrencies and sent directly to any email address.
Knowing there are hundreds of gift cards to choose from, including most popular brands that sell everything (e.g., Amazon, eBay), it shouldn’t be challenging to make them count.
???? Buying and sending gift cards is a non-taxable event
In most (if not all) countries around the world, selling cryptocurrencies for fiat means you also have to pay taxes on it.
This is one of the reasons why, instead of exchanging their crypto to fiat, crypto holders take fiat loans by putting their crypto assets up for collateral – you don’t pay taxes on your loans.
As the headline suggests, selling cryptocurrencies for gift cards is also tax-free.
That means if you purchase a gift card in the US with Bitcoin and send it abroad to your family in India via email, you basically put fiat money in their hands, all without involving currency conversion, bank transfers, and taxable event triggers.
Isn’t that great?
???????? Gift card purchases with crypto are more private
If you value your privacy, there’s another great thing to know about spending crypto on gift cards – you retain much more anonymity than when using other types of payment channels.
First off, you don’t need to provide your ID when buying gift cards, at least if you’re not spending tens of thousands of dollars on them. All you really need is an email address to receive them.
Moreover, if you pay with cryptos such as Bitcoin or Litecoin, there’s no way to tell who is behind the payee address as such a payment leaves no trail of customers’ private or sensitive information.
The ultimate convenience
Not only we constantly add new gift cards and support more than 50+ cryptocurrencies, we also try to make the shopping experience for our customers as pleasant as possible:
⚡ Customer can pay via Lighting Network
By using the Lightning Network option, shoppers can lower network fees and the transaction will be processed quicker than ever
???? Send Gift to your friends or family
Shoppers can make presents out of their gift cards by attaching a nice message and sending it over to someone else’s email.
???? Discounts and cashback
Earn cash back for your purchases made with cryptocurrencies.
???? Instant Email Receival
Receive your gift card in your email as soon as you purchase it.
Try it yourselves. ????
???? Browse Gift Card Store ????
And if you are having trouble buying gift cards, make sure to read our step-by-step guide:
????How to buy gift cards with BTC, LTC and other cryptos? ????
– Linda Liepa