Amazon Gift Cards (AGC) are an excellent tool to be used as a quasi-cash when dealing with bitcoins, but unfortunately its reputation is being ruined by scammers offering non-legit AGCs at very low rates (50-70% or even less). Using those AGCs carries a big risk of having the buyer's account blocked very quickly.
Does it mean that buying/selling AGCs for btc shall not be done? Not at all, it means buying/selling AGCs shall be done WISELY.
We already had a large discussion about that here:
https://bitcointalk.org/index.php?topic=1717338.0Here I just wanted to add another piece of information about rates that could be expected when buying or selling a legit AGC:
At Paxful and LocalBitcoins, btc vendors are buying 100% legit AGCs (physical, bought with cash, with receipt) for bitcoins at around 87%-90%:
https://paxful.com/buy-bitcoin/amazon-gift-card/USD?fiat-min=25Conclusions for you as a buyer
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- If you have an offer less than 80%, it's most probably a scam or suspicios AGC
- Know how differentiate between legit and possibly non-legit AGC
- Know how to check the AGC and cash receipt
- Deal with reputable vendors ONLY (check if they also have profiles at Paxful and LBC, what is their rep over there)
I have been dealing with AGC at Paxful and LBC for more than a year, so I'm ready for any questions or further discussions:
https://localbitcoins.com/accounts/profile/bpovtmg/https://paxful.com/user/bpovtmgAnd, of course, if somebody wants a 100% AGC or Amazon balance transfer (Gift of Prime etc), I'm always ready to help :-)
