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Bitcoin => Bitcoin Discussion => Topic started by: allahoglu on January 12, 2021, 04:39:53 PM



Title: Why would they exchange gift cards with btc
Post by: allahoglu on January 12, 2021, 04:39:53 PM
Hi, There is one guy in paxful and he is constantly selling btc for xbox or microsoft gift cards. Why would he does that. What's the reason for that. He's just selling for gift cards but nothing else


Title: Re: Why would they exchange gift cards with btc
Post by: virtualdn on January 12, 2021, 04:40:50 PM
Hi, There is one guy in paxful and he is constantly selling btc for xbox or microsoft gift cards. Why would he does that. What's the reason for that. He's just selling for gift cards but nothing else

... He collects a form of money to avoid taxes?


Title: Re: Why would they exchange gift cards with btc
Post by: allahoglu on January 12, 2021, 04:48:15 PM
Bu how is he gonna turn those gift cards to real money


Title: Re: Why would they exchange gift cards with btc
Post by: mk4 on January 12, 2021, 04:54:11 PM
He/she either uses it(probably unlikely if he/she's buying a lot), or he/she resells the gift cards that's been bought with a bigger price premium on other platforms, for more money.


Title: Re: Why would they exchange gift cards with btc
Post by: virtualdn on January 12, 2021, 04:58:21 PM
Bu how is he gonna turn those gift cards to real money

Maybe he is using the cards for himself, or resells them.