How and where to Buy Bitcoin With Walmart Gift Card, and can you buy Bitcoin at Walmart?
You have come to the right place to find the answers to your questions.
Bitcoin has become a phenomenal tool of exchange. Citizens of most advanced countries to less developed countries all seem to be interested in buying and selling bitcoin as BTC promises quick transaction with low fees even if you transfer millions in Bitcoin.
BTC is a peer-to-peer, decentralized blockchain system that enables users to do transactions in digital units known as Bitcoin.
Begun in 2009 by a puzzling personality Satoshi Nakamoto, whose real identity is never known, BTC has been the king of cryptocurrencies. BTC is seen as an option to fiat currencies like USD, Euro, GBP, and even gold and silver.
Unlike fiat currencies, Bitcoin is not owned by any government, nor anyone has a complete check to produce bitcoins. Such decentralized nature of bitcoin makes it unique and famous all over the world.
After a very little brief explanation of BTC, Let’s look at the various main benefits of Bitcoin.
- Unlike fiat currencies, users have the liberty to use bitcoin, produce new bitcoin by mining and earn rewards, transfer millions in bitcoin within minutes by paying a small number of fees.
- Bitcoin transactions are traceable, but they are not directly connected with your identity until a user himself declares his bitcoin transactions.
- Users can make and get payments in bitcoin anywhere from the world without the permission of any authority. Bitcoin also removes the banking fee. Many banking fees and time are required to transfer amounts from banks to banks worldwide with many complexities but not in Bitcoin.
- Nowadays, bitcoin can be efficiently transferred by mobile devices. You can make any payments in the form of BTC from your mobile phones.
Buying Bitcoin At Walmart
There are Some ways to get Bitcoin to keep Walmart in contact.
Walmart supports money transactions that are known as Walmart2Walmart money transfers. Walmart is doing a money transfer business worldwide with a connection with MoneyGram.
But Walmart2Walmart is an altogether separate service. With Ria money transfers, you can transfer money from one Walmart to another Walmart by Walmart2Walmar service.
It would be best if you found a seller who is selling bitcoin. Transfer your money to the seller at Walmart if the seller is interested in Walmart2Walmart money transfers.
After the payment, you will get your Bitcoin in 15 minutes to an hour, depending on how much the Bitcoin network is busy.
But such means of transaction is unsafe and should be avoided because you have no surety that the seller will send you your purchased Bitcoin.
Walmart also charges fees for Walmart2Walmart money transfers
- 4.50 Dollar for transfers up to 50 Dollars
- 9.50 Dollar for transfers of 51 to 900 Dollars
A very renowned and trusted approach to buying bitcoin at Walmart is by using your Walmart gift cards.
If you have Walmart gift cards, you can sell them to get BTC.
Many services are offering this feature, but the trusted one is Paxful with a large community.
You can buy and sell your bitcoin with Walmart Gift Cards immediately and securely on Paxful.
Paxful is a platform whose primary objective is to facilitate peer-to-peer transactions (meaning from one user to another) and support buying Bitcoin with a Walmart gift card.
Paxful has more than 300 payment methods available. You can buy bitcoin from cash, bank, or wire transfers to gift cards and payment applications.
You can select the option that suits you the most.
The primary aim of the Paxful is to allow peer to peer transactions where users can buy bitcoin straight from other users without the engagement of third parties like banks.
Paxful has an association of over three million users, which makes it easy for you to find the seller of your choice.
Buy Bitcoin with Walmart Gift Card on Paxful
There are some simple and main steps in buying BTC on Paxful.
Signing Up on Paxful
The first step is to make an account on Paxful. By creating an account, you will get a free bitcoin wallet to store your BTC after buying them or sell them later on.
Searching an offer
After making an account, List your Walmart gift cards for sale to buy BTC from the Bitcoin sellers. You can also search for offers. Search the sellers who are willing to sell their BTC against Walmart gift cards. There are so many sellers, and you will find one quickly.
Always review the seller profile thoroughly, Must view the reputation of a seller, its profile, the successful rate of BTC transfers before getting forward in making any Deals.
Start a Trade
Different sellers will have various terms of payment methods and conditions. When founding a seller according to your requirements, enter the bitcoin you want to buy by selling your gift card, and this opens a new window of live chat with the BTC seller.
Obey the directions of the seller to make payment and verify your transaction.
Receive Your BTC
After receiving the payment and, in this case, after receiving the Walmart gift card, the seller will deliver you the bitcoin, which will be deposited directly into your Paxful wallet.
Once you received your BTC, you can transfer your Bitcoin anywhere you want in no time from your Paxful wallet.
Read also: What is Bitcoin and How Does it Work.
Other Methods Of Buying Bitcoin
There are many other authentic ways of buying BTC than Walmart.
Some of them are:
Bank account, Debit card, or Credit card
Now, as the crypto market is developing more rapidly than ever before, you can very quickly buy BTC by conventional payment systems.
Crypto exchanges like Coinbase, Binance US, Kraken, Coinmama allows you to buy BTC with Bank transfers and credit cards.
Although it’s a very new concept, Bitcoin ATMs are emerging in many cities worldwide, and their numbers are improving.
Bitcoin ATMs are one of the most straightforward and most immediate means to buy bitcoins.
With the booming reputation of bitcoins, such ATMs have become one of the most common ways to buy Bitcoin.
You can find the closest Bitcoin ATMs in your area using the BTC ATM location finder service CoinATMRadar.
You can go to your nearest Bitcoin ATM, Select the option of buying BTC, Enter the amount of BTC you want to buy, provide your BTC wallet address, put the required money in BTC ATM press send button to receive your BTC in your wallet.
NOTE: If you do not have any BTC wallet address, the Bitcoin ATM will create a new wallet address for you and print it out.
Bitcoin ATMs may not appear in countries where Bitcoin is banned.
Users can buy Bitcoin, and other cryptocurrencies on online marketplaces called cryptocurrency exchanges.
You can trade fiat currencies like Dollar, Euro, etc., for Bitcoin and other digital assets on these exchanges.
As cryptocurrencies are advancing day by day, the modern crypto exchanges not only offer you to trade your digital coins but also presents the ability to buy BTC from bank accounts or credit cards.
Coinbase, a name well known to all of the cryptocurrency believers, is an American startup launched in San Francisco in 2012. Now serving in 32 countries is the most secure and reliable way to buy BTC.
Coinbase is the best choice for American citizens to buy bitcoin directly from their bank accounts or credit cards.
To use Coinbase:
- Sign-up on Coinbase with your email.
- After providing your email, verify your email and then select your account individual or Business account.
- Verify your phone number to enable two-factor identification for the security of your account.
- Now set up your payment method. Coinbase enables bank transfer and Credit cards as payment methods. You can directly buy BTC, LTC, ETH, BCH by linking your bank account or credit card to Coinbase, or after selling your coins, you can transfer your fiat currency straight to your bank account.
- Coinbase also gives its users the option to connect Paypal with their Coinbae accounts, but you can only use Paypal to receive payments after selling your digital assets.
Coinbase also lets you stake Tezos. Staking is a process where users hold Tezos and earn rewards. Coinbase is offering 5% rewards on Tezos.
For more details, visit https://www.coinbase.com/staking.
Note: Verifying your identity is a must before depositing any types of funds in your Coinbase account.
Again those involved in cryptocurrencies should have heard about the Binance exchange.
Binance US is the project of Binance, primarily designed for US customers.
Binance partnered with BAM Trading Services, approved by Financial Crimes Enforcement Network and is based in California, to launch Binance US.
Binance US has cleared administrative and compliance hurdles to operate in the USA.
Binance has also launched Binance USD stable coin (BUSD), approved by the New York State Department of Financial Services.
Binance US allows you to purchase more than 20 cryptocurrencies from USD, including Bitcoin, Ethereum, Ripple, Binance Coin, Cardano, Tezos, Bitcoin Cash, and others.
See all of the crypto coins offered by Binance US
Binance US enables you to buy Bitcoin and other cryptocurrencies by ACH, Debit Card, Bank transfer, and wire transfer.
With Automated clearing house (ACH) payments, you can buy any altcoin up to your daily ACH transfer limit.
You can connect your debit card to your account to buy the coin of your choice.
You can also Bank transfer and Wire transfer funds from your bank account to your Binance US account to buy any available digital assets on Binance US.
Binance US also offers staking of Atom and ALGO, Estimated annual rewards on Atom is 6-9% and 8-10% on ALGO.
Note: You need to verify your identity on Binance US to proceed with any payment methods.
Peer to Peer (P2P) Exchanges
Such exchanges allow the users to trade directly with each other without any trusted third party that can monitor all the trades.
General crypto exchanges like Coinbase work as intermediaries between the buyers and sellers and collect their profits in fees.
On peer to peer exchange, buyers and sellers can select from themselves whom they want to trade.
Buyers can select any seller from whom they want to purchase BTC, and the seller can also instruct buyers like which payment methods suit the seller, what rate the seller is ready to sell their BTC, etc.
When buying Bitcoin from any peer to peer exchange, you must examine the seller’s profile.
How many successful trades sellers have completed by properly transferring bitcoins to buyers, the seller’s delivery time, and its reputation as a seller to avoid any misfortunes and losses.
Paxful, Local bitcoins are an example renowned of peer to peer exchanges.
Right, Answer to buy bitcoin at Walmart.
The answer is simple Walmart does not sell Bitcoin directly to its customers.
Meaning you can not just go to Walmart to buy bitcoin only like, you buy Books, Brands, Clothing, Electronics, Food, Fashion items, and all other stuff directly from Walmart.
Walmart does not sell Bitcoin Straightly to Customers.
The final wording of this discussion is that you cannot directly buy Bitcoin at Walmart.
Walmart offers no service where you can go and buy BTC directly at Walmart.
You can sell your Walmart gift cards on peer to peer exchanges like Paxful to buy BTC.
There are many other renowned methods than buying BTC on Walmart to help you become the Bitcoin owner, as discussed above.
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