The hype of a decentralized system (Digital Currency) is becoming a fear for the centralized system (Banks). Not all bank users can buy cryptocurrency with their credit or debit cards.
So here, American Express gives a service to Buy Crypto with Amex Gift Card instantly.
Cryptocurrency has emerged as a highly charming field for young investors fond of adopting technology. According to a survey by the Pew Research Center, 17% of United States Adults have invested or traded in cryptocurrency.
Some basic payment methods include fiat, debit card, credit card, master card, visa card, or bank transfer to buy cryptocurrencies like Bitcoin, Ethereum, and other ALT coins.
As stated above, all bank users cannot purchase cryptocurrency with such basic payment methods.
So here the question arises âž¡ : how to buy crypto without Bank restrictions, limitations on daily buying and bulk quantity?
American Express solves this issue 💡 .
Here is a comprehensive guide on purchasing crypto with American Express.
How to Buy Crypto with Amex Gift Card ?
It’s easy to buy crypto using an Amex gift card.
Create an account on any cryptocurrency Broker/Exchange, click on by Buy Btc, click All Paymet Methods, select Gift card, search American Express Gift card, then Enter Amount to spend, select the seller, click the buy button under seller profile and buy it.
Here is a list f of brokers that accept American Express gift cards for crypto.
- Paxful
- Plus500
- Webull
- Trading 212
- CoinBase
- Pepperstone
Paxful is easy to use. Lets suppose you have selected it. Now will see how to buy crypto with Amex gift card using Paxful Broker.
1. Create account on Broker / Exchange (Exp: Paxful)
The initial step to buy crypto with amex gift card is to create an account on a cryptocurrency broker or exchange.
Let’s create an account on Paxful Crypto Broker by email and phone number. Verification is mandatory for more than 1000$ purchases. Its verification process is also simple and can be done by just providing your National Identity card, Passport, or Driving Licence.
1.1 Paxful account creation:
Search paxful signup, in Google search Bar
After clicking on Open Account, the below window interface will be open. You can change the Language just by clicking on the button. Enter your email and phone number to create an account.
An image captcha window will open after entering your email & password.
2. Beat on Buy Bitcoin
The Paxful dashboard page will be open. There is a “Buy” button, and when you click on it, it will show a list to Buy Bitcoin, Tether, and USD coins. Choose anyone that you want to buy. Let us click “Buy Bitcoin”.
3. Click All Payment Methods
After clicking on Buy Bitcoin, the next page will open. Here, click the button “all payment methods”. It will lead you to all available sources of payment that Paxful accepts.
4. Tick Gift Cards
Beating on all payment methods takes you to a new window. Here are the multiple major options for payments. Bank transfer, online wallets, debit cards/credit cards, Gift Cards, digital currencies, and cash payments.
Each major option has further subcategories, so you can easily find any source of payment that most suits you.
As this article is focused on just buying crypto with an Amex Gift card, we click on “Gift Cards”.
5. Search American Express Gift Card
You can find an Amex gift card by scrolling, but it’s quite easy to search for it in the above search bar. Write “American Express Gift Card” and enter it.
Clickin on American Express Gift Card, following page will be shown. Now you have to select your country & currency in which you want to pay, amount to spend, select the location of seller, from where to buy bitcoin, like (USA, China or Worldwide).
Filling these tables, slightly scroll down; here are the following options that you have to select. Click on the Tag for Offer button; it will show the list of options. These options will filter out the sellers who accept your mode of transactions.
6. Select the Seller
Clicking on “Looks for offer” proceeds to the following page. Here, on the top heading, “Use American Express Gift Card to buy Bitcoin,” is the payment method we had selected.
Now you have to choose the best seller who has fulfilled the maximum number of orders, is most experienced in dealing, and gives a lower price than others.
This type of seller can be searched by changing the seller locations. It will help you to find the best seller worldwide.
Once the seller has been finalised, click the “Blue Buy button” under the seller profile.
If you are dealing with an Amex Gift card, it must be written above the seller’s profile name because there are also other resemblance cards, so it would save you time and payment before ordering.
7. Click Buy Button under Seller Profile Name
According to the the above Pic, when you click the the Blue “Buy” button, it will take you to the the next page where you can enter the amount to purchase Bitcoin.
One Typing bar is to enter the amount in your currency, and the second type bar will auto-display the amount of BTC against your payment amount.
8. Buy Bitcoin from Seller
Little down-scrolling will show the seller’s details. Here, you can know the seller’s authenticity by viewing his rating, number of orders completed, and response time.
You can directly contact the seller through this; Paxful will send your query or demand to the seller, and the vendor will never respond. Firstly, you have to send payment via American Express card. When the vendor sees payment proof, he will release your Bitcoin amount.
Then, you will receive an alert message.
Hurray! You have successfully bought cryptocurrency using an Amex gift card.
You can watch this video for a better understanding; in this video, there is only one thing you must remember: to select an Amex gift card. The procedure is the same as buying crypto with an Amex gift card.
It was a practical way to buy crypto with an American Express gift card.
Summary
Here is the overall summary to buy crypto with amex gift card.
Disclaimer: Cryptocurrency is subjected to high risk. This Blog Post is informational content. It’s not financial advice. Please do your research or consult your finance advisor before investing.
FAQ – Buy Crypto with Amex Gift card
Can you buy crypto with american express ?
Yes. American Express offers different types of cards, and gift cards, for shopping. By using these cards you can easily purchase crypto from any registered broker/exchange that accepts these cards Like Paxful & CoinBase.
Can I use amex card to buy bitcoin?
Yes. You can use amex gift card to buy bitcoin on Paxful broker.
Is amex gift card the cheapest way to buy crypto?
No, because these will be additional fees using an Amex gift card to buy crypto. You have to pay more than to get the same amount of crypto at the current rate.
Is amex gift card accepted everywhere to buy crypto?
No, mostly Amex gift cards are accepted in the USA everywhere. But worldwide, to buy crypto, you must check whether the broker/exchange accepts an Amex gift card.
Which crypto exchange accepts american express?
CoinBase
BitPay
Paxful
Webull
Plus500
Amazing! This blog looks exactly like my old one!
It’s on a totally different subject but it has pretty much the same layout and design. Great choice of colors!