How to Use Cryptocurrency to Pay on Amazon
Amazon does not directly accept Bitcoin or other cryptocurrencies, however, this should not prevent you from using your holdings to purchase items from the retailer of record. Unfortunately, there are several barriers to using cryptocurrency to pay Amazon.
This often entails changing your cryptocurrency to fiat cash before utilising it to make a transaction with a virtual or physical debit card. Another common method is to finance Amazon gift cards with Bitcoin, Cardano, Ethereum, Litecoin, or any other altcoin.
We can only hope that the retail colossus will awaken and join the new decentralised economy soon. Until then, we’re here to assist you to navigate the choppy waters of paying for Amazon goods with your growing (or shrinking) bitcoin assets. Examine the alternatives below to find which one best meets your Amazon purchasing requirements.
BitPay provides payment software and a debit card that may be funded with cryptocurrencies, including Dai, Dogecoin, Ethereum, USD Coin, and XRP. Android, iOS, and Windows 10 users may download the software. It also functions as a cryptocurrency wallet, giving it an edge over an online exchange like Coinbase.
One important advantage is that your account assets remain on your local device, so you won’t lose them if the web service that keeps your crypto is hacked. To that end, it’s a piece of cake to link your Coinbase account to BitPay in order to fund the local wallet. Alternatively, you may use a credit or debit card to purchase cryptocurrency directly through BitPay.
ALSO READ: How to Identify Common Crypto Scams
The opportunity to purchase an Amazon gift card is prominently shown on the app’s home page, and I did so without paying a price. There’s also a Redeem Now option, which takes you straight to the Amazon website and inserts the gift card number into your balance instantly.
“Anyone may simply survive on cryptocurrencies,” according to Bitrefill. It allows you to buy gift cards with your bitcoin, much like some of the other alternatives on our list. When you use Bitrefill to buy an Amazon gift card, you’ll get a 1% bonus in your account.
Using conventional QR scanning or address entered for your wallet, you may fund the card with Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, or Tether.
You may also link a Coinbase account, however for security reasons, you might want to keep it separate. Although you can copy the gift code with a click and walk over to Amazon equipped with it, paying Amazon using Bitrefill is not as simple as paying with BitPay or Purse.
Blockcard provides a Visa debit card that can be funded with bitcoin. BAT, Bitcoin, Bitcoin Cash, Dai, Ethereum, Litecoin, Stellar Lumen, Tether, USD Coin, or Uniswap can all be used to finance your account.
You may choose between virtual or plastic cards, as well as metal cards, which will be available shortly. The virtual one is free, but the physical one requires a $10 deposit. There are no transaction fees for deposits or conversions using Blockcard, however, there are costs for PIN or ACH transactions ($1) and ATM withdrawals ($3).
ALSO READ: How to Stay Away from Cryptocurrency Scams
Once your card has been funded, you may use it on Amazon just like any other debit card. Blockcard transforms the coin utilising its Ternio (TERN) crypto automatically.
4. Cash App
The Cash App (from the same guys who create Square payment processors) makes it simple to buy Bitcoin, but it doesn’t yet support any other cryptocurrencies. You may even earn Bitcoin by using a Cash Card. One campaign, for example, offered a 5% bonus in Bitcoin if you bought groceries with the card.
To transmit or receive Bitcoin on the standard blockchain, you’ll need a driver’s ID and a selfie to prove your identity. (So much for cryptocurrency anonymity.)
After you’ve accumulated a large number of Bitcoin in the Cash App, you can click Sell, which deposits the specified amount into your Cash App balance. After that, you just use the debit card information on the shopping site to make a purchase on Amazon.
To see the number, expiration date, and CVV number, go to the three-dot overflow menu and activate Show Cash Card Info, then put in your PIN. Simply insert the information from your plastic Cash card.
I should point out that I’m not a big supporter of programmes like Cash App and Venmo that allow individuals to show payment-receiving IDs since they all too frequently lead to illicit uses, such as crooks paying you with stolen credit cards payments, resulting in major legal issues.
Because of all the illegal requests and transmissions of money to it, I had to go through the tedious process of deactivating my Venmo account.
Not just on Amazon, but also on eBay and Walmart, Crypto.com allows you to purchase using bitcoin. A Visa card with up to 8% cashback benefits is available from the firm. Residents of New York State, on the other hand, are out of luck, as they are with many other digital currency perks, due to the state’s stringent restrictions.
Outside of New York, Crypto.com allows users to fund their accounts with over 1,300 different types of cryptocurrencies, all of which have a market valuation of over $1 million.
Using your Crypto.com card to pay for things on Amazon is much like using any other debit card. You may earn from 2.5 percent to 10% rewards on purchases and even get your $12.99-per-month Amazon Prime subscription refunded if you keep a balance of roughly $1,100 in Crypo.com’s CRO coin in your account.
PayPal famously, but hesitantly, joined the decentralised currency movement, but you can’t use crypto to pay with it. PayPal only allows you to buy a small number of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, and you can’t use it directly. It’s only possible to return it to your account balance.
This balance may then be used to make Amazon purchases. Other exchanges, like Coinbase, make it simple to transfer assets by scanning QR codes or entering your wallet address. At the very least, you can buy cryptocurrency on PayPal, convert it to dollars, and then use that money to shop on Amazon.
Purse is the most Amazon-centric choice here, and it’s also one of the simplest to set up. When you pay using Bitcoin or Bitcoin Cash, Purse provides you with a 15% discount on Amazon. It has a search box where you may type in a product name or an Amazon product URL.
Despite the fact that Purse adds a modest cost to your buy, it was less than the savings on my test order. When you go to the checkout, just scan the QR code on the last page to add your bitcoin to your account and complete the transaction.
Shopping.io allows you to make purchases from Amazon, Walmart, and eBay using any of over 100 cryptocurrencies. If you have a large amount of the company’s SPI tokens in your Shopping.io account (beginning at $3,000), you can earn up to 10% off on Amazon, eBay, and Walmart.
Unless you’re paying using SPI coin or some esoteric “Partnership token” currency, you’ll have to use a third-party gateway like Crypto.com, Utrust, or CoinPayments.net to complete your purchase on Shopping.io. As a result, the procedure is more difficult than with some of the other solutions in our overview.
Beyond Amazon, and Payments in the Future
Although Amazon does not take bitcoin payments directly, some other purchasing sites do, including Fancy, Microsoft, NewEgg, and OverStock. If you’re looking for a Bentley, Lamborghini, or expensive real estate, De Louvois is the place to go. You can always pay with Bitcoin, Ethereum, and other cryptocurrencies.