Coinbase giftcard acts as a digital voucher that allows you to easily invest in cryptocurrency without directly purchasing it. It is an ideal option for beginners as it allows them to interact with a variety of cryptocurrencies.
These gift cards can be easily purchased on online martketplaces like Eneba, G2A, and CoinsBee. Moreover, they are available in different amounts such as $25, $50, and $100.
What is a Coinbase gift card?
A Coinbase gift card is a sort of digital voucher that is specifically designed to make cryptocurrency easily accessible to everyone. It provides straightforward access to cryptocurrencies without the use of complex payment setups. You just have to enter the unique code of the card and its value will be credited to your Coinbase wallet. You can either use this amount to hold cryptocurrency or you can use it to trade or invest it.
It was introduced by Coinbase which is one of the best crypto exchanges in the industry. Hence, it is completely secure to use. You just need to make sure that you are purchasing it from authorized platforms. Currently, Coinbase has stopped selling these cards but you can still access them from other platforms that are mentioned below.
Even though Coinbase is no longer selling them, they still accept the existing ones so you can purchase them without any worry. Moreover, this card is the best fit for beginners as it does not overwhelm them by requiring them to set up a digital wallet in order to trade cryptocurrency. Moreover, it provides them with a risk-free kick-start in the crypto industry.
In addition, The Coinbase gift card is available in a range of preloaded values such as $20, $50, and $100. This diverse range of values provides you with the flexibility to choose according to your budget. Moreover, this card is delivered in digital format and it ensures fast and secure transactions. However, you need to protect your card’s unique code to avoid losing your funds.
One of the best things about the Coinbase gift card is its redemption flexibility. This means that it gives you the freedom to choose from a variety of cryptocurrencies supported by the Coinbase exchange. Unlike traditional gift cards, it does not tie you to a specific type of benefit.
It is important to note that these gift cards are only available in the U.S.( excluding Hawaii). Moreover, it is only valid for the Coinbase platform. You cannot use it on any other exchange. Furthermore, you can double your rewards by availing crypto exchange sign up bonus from Coinbase.
Where to Purchase a Coinbase gift card?
Platform | Features | Payment Methods | |
G2A | Marketplace for digital goods; user-driven pricing. | Credit/Debit cards, PayPal, bank transfer, Cryptocurrencies. | Buy On G2A |
CoinsBee | Crypto-focused platform; accepts cryptocurrency. | Bitcoin, Ethereum, other cryptocurrencies, and credit cards. | Shop at CoinsBee |
Eneba | Discount-focused; offers a variety of digital gift cards. | Credit/Debit cards, PayPal, cryptocurrencies, localized payment options. | Check Deals on Eneba |
There are several options with which you can purchase a Coinbase gift card. The Coinbase official platform has currently stopped their gift card selling service but you can opt for many other options.
For instance, the most common and feasible option is to purchase it from authorized online marketplaces such as G2A, CoinBee, and Eneba. This is the easiest way to purchase a Coinbase gift card, However, you need to make sure that the platform you are purchasing from is reliable and secure. Moreover, you can opt for physical stores as well.
Let’s explore some reliable online marketplace to find out Coinbase gift card where to buy:
G2A
G2A is a well-known online marketplace that offers a variety of digital products. It offers gaming keys, software, gift cards, and a lot more. It is just like Amazon but for digital products. It was founded in 2010 in Poland. It mainly connects buyers and sellers from across the world and offers a variety of discounted digital products.
G2A offers Coinbase gift cards in a range of denominations so that you can easily choose the one that fits your budget. These card values range from as low as $5 to as much as $200.
Hence, if you are looking for a secure place to purchase a Coinbase gift card, G2A is your go-to option. Their transactions are made completely secure through buyer protection programs. Moreover, it is considered a hub for tech enthusiasts because of its wide range of digital products.
Furthermore, G2A supports multiple payment methods as well. You can pay from your preferred cryptocurrency ( that is supported by the platform), credit or debit card, PayPal, Google Pay, and Skrill. Lastly, keep in mind that the prices of the gift cards may vary because they are listed by third-party sellers.
CoinsBee
CoinsBee is another trusted platform that was launched to bridge the gap between crypto and everyday purchases. It is known for its wide variety of digital gift cards and prepaid vouchers. It is quite popular among crypto investors as it allows its users to purchase a range of digital products using cryptocurrency ( only from the ones that are supported by the platform).
It is widely accessible for crypto traders as it supports more than 70 cryptocurrencies. Moreover, it offers you multiple other payment options including Binance Pay. Hence, CoinsBee is another reliable platform for purchasing Coinbase gift cards. Furthermore, they make sure that you receive an immediate email delivery of the gift card code right after your purchase.
Similarly, there is a range of Coinbase giftcard values available on CoinsBee such as $25, $50, and $100. However, their price ranges are slightly higher as compared to other platforms.
Eneba
Eneba is another widely popular and reliable platform that offers a range of digital products including a variety of gift cards and game keys. It was established in 2018 and since then it has grown to become one of the most trusted platforms for gaming enthusiasts. Moreover, Eneba offers a diverse range of card values such as $25, $50, and $100.
The best thing about this platform is its user-friendly interface which makes it very easy to navigate. In addition, this platform also offers frequent discounts and promotional deals on gift cards. Moreover, just like CoinsBee, it also delivers the gift card code instantly to your email. However, some purchases may require transaction fees on Eneba.
Eneba is widely known for its competitive prices which makes it an attractive option for buyers looking for budget-friendly options. It supports multiple payment methods including credit cards, PayPal, and cryptocurrency.
Advantages of Coinbase Gift Cards
Coinbase gift cards come with several benefits. It is a perfect gift that aligns with the demands of the modern increasingly technological world. Moreover, it is the best risk-free way to introduce your loved ones to the world of cryptocurrency. In addition, it also serves as an educational tool to learn the way crypto trading works practically. Let’s explore some of the advantages of the Coinbase giftcard below:
1. Security
One of the most significant advantages of the Coinbase gift card is that it offers an enhanced level of security. For instance, when you are using traditional payment methods like bank accounts or credit cards you have to link your private financial information with the platform. Moreover, you have to take extra security measures to protect and set up your online wallets on these platforms.
On the other hand, the Coinbase gift card completely eliminates this requirement. This way you can make crypto transactions without revealing your personal financial details. Moreover, all Coinbase gift cards have their unique codes that are used to fund the respective Coinbase account. This way no unauthorized user can access your funds. However, you need to keep your card code safe and not share it with anyone to prevent hacking attempts.
Lastly, you need to make sure that you are purchasing your Coinbase giftcard from an authorized platform to ensure further security.
2. Flexibility
Another key advantage of the Coinbase gift card is that it offers ultimate flexibility for its users in choosing cryptocurrencies. After the gift card is redeemed, users have the complete freedom to select the cryptocurrency of their choice. They just need to be aware of the supported cryptocurrencies of the Coinbase platform.
This card does not limit the bonus on any specific digital asset. Rather it allows the users to invest in their preferred cryptocurrency. This feature is quite beneficial for beginners as it gives them the opportunity to experiment with multiple cryptocurrencies without any risk.
Moreover, it is also beneficial for experienced traders as it can provide them with a risk-free chance to explore emerging cryptocurrencies.
3. Convenience
Another exceptional advantage of the Coinbase gift card is that it is incredibly user-friendly. It is very simple and quick to use both on the mobile app and website of the Coinbase platform. For instance, you can transfer the card’s value to your Coinbase account in just a few steps. It does not require any technical knowledge or complex strategies.
In addition, this gift card can also serve as a perfect last-minute gift for someone. It does not take lengthy processing time as it is usually delivered digitally, therefore it provides instant access to funds.
4. Accessibility
One other notable advantage of the Coinbase gift card is its accessibility and ease of purchase. Even though these gift cards are not available globally they are still easy to buy online. There are a range of reputable online platforms such as Eneba and G2A that offer Coinbase gift cards. Likewise, their purchasing process is very simple and easy. Most of the platforms offer instant digital delivery which adds to the overall accessibility of these cards.
Moreover, Coinbase gift cards come with a variety of payment options. For instance, you can purchase them through credit and debit cards, PayPal, cryptocurrency, and a variety of other methods. This ultimate accessibility makes the Coinbase gift cards more convenient for beginners.
How to Redeem Your Coinbase Gift Card
Redeeming a Coinbase gift card is a very easy and simple process for both mobile app and website users. However, you need to be very careful in this process because a tiny mistake can lead to the loss of your funds. Therefore, follow our step-by-step guide to successfully redeem your Coinbase gift card:
Step 1: Log into your Coinbase Account
The first thing that you need to have in order to redeem your gift card is a Coinbase account. If you already have one you can just simply log in. If you don’t have one, you will have to create an account on the Coinbase platform. The registration process is simple, just provide the required information such as email address, etc.
After that, complete the KYC ( Know your Customer) verification process. This verification is necessary because Coinbase requires you to comply with security regulations before using the platform.
Step 2: Look for the Redeem Section
Once you have successfully logged in and completed all the requirements you can proceed to look for the “Payment Methods” section on the platform.
The interface might be a little different on mobile apps and websites but you don’t need to fret because it is self-explanatory. You just need to look for the setting first and then the “Payment Method” section. After that you will see a “Gift Card” section, click on that.
Step 3: Enter your Gift Card Details
Now that you have entered the “gift card” section, the redeeming process will begin. You will be required to enter the card’s code and PIN. Carefully type both of them and your card value will be transferred to your Coinbase account.
Keep in mind that these cards are only available in the US so if you belong to some other regions you might need to opt for some other gift card options.
Conclusion – Coinbase giftcard
A Coinbase giftcard is certainly the best way to enter the crypto industry and explore different cryptocurrencies without significant risks. Although these cards may seem simple and straightforward to use they still require a proper understanding so that you can make the most out of them.
Just like you are careful while choosing other digital products, these gift cards also require your utmost attention. Hence, take your time to research these gift cards before purchasing them. This article offers a thorough guide on every aspect of the Coinbase gift card. Therefore, if you want to make an informed decision give it a good read.
FAQs:
On the other hand, if you encounter some other issues such as invalid code or delivery issues you can contact the platform where you purchased the card. Most of the credible platforms offer customer support to deal with this sort of issue.
However, you should still check the terms and conditions of the platform beforehand. Moreover, always keep the proof of purchase such as a receipt or email confirmation.
In the United States, the annual tax exclusion is $17000 per recipient. So if your card value exceeds this amount then you may have to pay for gift tax. Now for the receiver, there are usually no taxes applicable but if the receiver makes a profit from investing the gift card’s value then they will be subjected to capital gain tax.
Moreover, as Bitcoin is a major cryptocurrency its exchange rate can fluctuate significantly so the actual cost can vary from the listed price on the platform. Lastly, you need to make sure that the platform you are purchasing from is reputable and secure.
If you want to give a larger amount then you will have to purchase multiple cards of different values. This way you will stay under the platform’s purchasing limit and avoid anti-money laundering (AML) regulations as well.