Buy Gift Cards with Bitcoin (BTC)

Yes, you can. Bitcoin and dozens of other cryptocurrencies can be used on Coinsbee also. Here you have the possibility to buy countless different gift and payment cards with your Bitcoins. Whether credits for e-commerce platforms such as Amazon, Netflix, iTunes or PlayStore or prepaid cards for one of more than 30 mobile phone providers: you have come to the right place. You can also pay with virtual prepaid credit cards and online payment services such as VISA or Mastercard, with which you can make purchases in virtually any online shop, here in Bitcoin. Coinsbee is therefore one of the easiest ways to spend your virtual Bitcoins in virtually any online shop.

Of course, we also support the use of the pioneering Lightning Network, which is increasingly used by Bitcoin wallets and online trading platforms. This allows you to benefit from lightning-fast payments and direct email delivery of purchased voucher codes. When using the classic Bitcoin network and most other cryptocurrencies, you have to wait until the transaction has been confirmed on the blockchain before sending the codes. You will also save money by using the Lightning network on Coinsbee: Lightning transactions cost only a fraction of what the network charges for traditional Bitcoin transactions on the blockchain. In addition, by actively using your Lightning channels, you ensure that you improve your ability to receive Lightning payments.

Cards from different countries You can redeem the voucher codes and gift cards we sell directly on the websites of the respective retailers, from A to Z, from Amazon to Zalando. But please note that we offer gift cards from different countries. Not all sellers allow you to redeem your Bitcoin credits on international sites. If you are unsure, please contact our helpdesk. We will be happy to assist you and your questions. Of course, you can also ask the providers directly how they handle bonus cards from other countries. Superfair: bitcoin price in real-time Browsing our wide range of prepaid cards you will notice that the Bitcoin price of the cards often differs by a few cents from the face value of the voucher codes. This is because the price of Bitcoin is subject to constant fluctuation. To make your shopping experience as smooth as possible, we convert the price in real time. Since this often requires a deviation via the US dollar, slight upward or downward deviations occur. So if you are lucky, you can even save a few cents by buying your bonus cards with Bitcoin. Pay attention to the transfer time It is important that you use a real Bitcoin wallet like Electrum, Jaxx or the official Bitcoin client to pay with Bitcoin and do not transfer your money from a Bitcoin trading platform. Payments from there usually take a bit longer because the platforms bundle the transfers and send them all at once. However, we and our payment provider rely on processing your Bitcoin transactions as quickly as possible to minimise currency fluctuations. Therefore, we have to deny receipt of payment after a certain waiting period. After that, it can sometimes be a bit tricky to retrieve the sent Bitcoins. We hope that this problem will be solved with the expansion of the Lightning network. If you have problems with a Bitcoin payment that has been on its way for too long, please contact our helpdesk as soon as possible so that we can help you.

As the world's first real cryptocurrency, Bitcoin has assumed a certain prominence in the world of cryptocurrencies over the last ten years. No other currency has the market capitalisation and trading volume of Bitcoin. Technically, Bitcoin has a fixed limit of 21 million coins, of which 18.3 million are already in circulation as of May 2020. Bitcoin mining operates on a proof-of-work basis, which is comparatively energy-intensive and therefore expensive compared to other mining methods. Bitcoin's familiarity has repeatedly triggered speculative bubbles in the past. The largest to date occurred in December 2017, when the price per coin temporarily soared above $20,000. At that time, trading volume also grew disproportionately and highlighted Bitcoin's weakness. By design, the system can only reasonably execute a limited number of transactions per second. As a result, transaction costs increased, making Bitcoin very unattractive for everyday use and especially for small transactions.

Technologies such as the Lightning-Network have created opportunities to transmit even smaller transactions at negligible costs. The Lightning-Network externalises these from the blockchain, so that each individual transfer no longer needs to be confirmed by each miner. This makes transactions faster and more cost-effective.

Bitcoin's great popularity also means that - unlike many other cryptocurrencies - it is relatively easy to obtain. Trading platforms, including German ones, offer direct trading. It is sometimes possible to buy Bitcoins by credit card or PayPal, but often with a risk premium on the price. However, Bitcoin is only conditionally suitable for semi-cash trades. Since the blockchain is completely open and all transactions can be transparently traced, security forces are usually able to assign Bitcoin transactions to specific persons. Bitcoin addresses are therefore often described as pseudonymous and not anonymous. Therefore, anyone who wants to pay without being recognised on the internet in a more secure way should look for alternatives. In fact, the Lightning procedure described above can also help to make your payments less traceable.