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Author Topic: How to convert change from Pre-loaded Card to BTC  (Read 208 times)
apoorvlathey (OP)
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December 01, 2019, 09:14:59 PM
 #1

I usually buy pre-filled Visa gift cards in order to shop on the fiat websites, but the problem is that the top up value of the cards is only in the multiples of 5.
So, after the required purchase I end up having few bucks left in the card. What is the least expensive way to convert that USD back to BTC?

hugeblack
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December 02, 2019, 11:51:36 AM
 #2

If the value of these cards is small, many sites charge an escrow fees/withdrawal fees in addition to the transfer fees so you may find yourself affected by the loss of a dollar or two to do this process in addition to a discount of up to 10% or more.
Therefore, it is best to do this process using indirect methods by using these cards to buy services and resale to members or send products to their homes.
I think you have enough trust to do such deals in this forum.

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Harlot
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December 02, 2019, 08:43:38 PM
 #3

I think you can apply for one of those crypto Visa debit cards like what Coinbase offers, it's just like a debit card but the thing is it's not connected to your Bank's savings account but through your wallet and everytime you use your crypto debit card it will just spend the equivalent amount of BTC during that transaction. At least with this way you aren't spending extra on gift card credits where there is still a lot left since you are just spending the exact amount.
o_e_l_e_o
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December 02, 2019, 09:43:30 PM
 #4

I think you can apply for one of those crypto Visa debit cards like what Coinbase offers
Except to use their card you have to sign up to Coinbase, give up control of your coins and store them in their custodial wallets, complete their KYC procedures and therefore be happy with them passing on details of all your purchases to your local government and tax agency, and pay ridiculous fees of anywhere between 2.5 and 5%.

OP, whenever I have a few bucks left on a prepaid card, I usually just head over to Amazon and buy an Amazon gift voucher for that exact amount, and then credit it to my own account. Even if I don't need anything from Amazon there or then, I'm always going to be buying something from Amazon in the future, so I'll save myself a few bucks on my next order. Or you can use it up in person and pay the remainder with your regular credit card. Some exchanges will let you buy bitcoin with prepaid cards, but you will have to go through their KYC and get hit with their exchange fees, so it might not be worth it for just a couple of bucks.
Krislaw
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December 06, 2019, 03:23:55 PM
 #5

Why not try Paxful, they have options to purchase BTC with prepaid cards but one thing is that there are no much offers. There's option for ACCOUNTNOW Card, MyVanilla Prepaid and others.
smartbitcoininvestor
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December 06, 2019, 11:00:38 PM
 #6

Try out Paxful bro. You can literally exchange your VISA prepaid card for Bitcoin on there with other people.
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December 12, 2019, 04:20:40 AM
 #7

Amazon gift code for the exact card balance remaining, then proxy purchasing?

Saying that you don't trust someone because of their behavior is completely valid.
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December 13, 2019, 08:17:36 PM
 #8

Maybe you could wait until you have several of these low balance cards at once, then sell them either on here or on Paxful at a 5% discount.

Alternatively, you can use the prepaid gift cards to top up your amazon balance gradually, then use that to buy an Amazon gift card which you can then sell here, or on Purse.io
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