Bitrefill is predominantly used to purchase digital gift cards that have a vast range of stores, including popular brands from all over the world, not just locally. The topic of cryptocurrency decentralization has been extensively discussed, but its liquidity is now becoming more pertinent.
When receiving cryptocurrency, such as a small amount of Ethereum or fractions of Bitcoin, the initial concern is often how to spend it. Bitrefill offers various options in this regard, as it is a digital supermarket of gift cards for almost any store in the world. If it is a store where one usually shops, it would be the best way to spend the cryptocurrency.
Selling cryptocurrency remains the most popular method, but it also comes with fees and fluctuation risks. If one is new to the cryptocurrency scene, they might have to take a few additional steps or sell it on a decentralized exchange, resulting in more fees. Signing up for the Liquid exchange is recommended.
Purchasing a Bitrefill gift card is akin to keeping assets safe or to cashing them out, as the amount on the card can be converted into any currency one wishes to put on it. For instance, if someone places $500 worth of ETH on a Bitrefill Amazon card, they will still have $500 to spend on Amazon tomorrow, even if Ethereum value drops. Conversely, if the cryptocurrency used to buy the Bitrefill card goes up the next day, one will essentially lose out on some cash. Nevertheless, this is the business model of Bitrefill, and it should not be a concern if only seeking liquidity.
Bitrefill is mainly used for purchasing digital gift cards that have a wide selection of stores, including the most popular brands, not just locally but also worldwide. This is particularly useful when living overseas without enough local currency but having plenty of cryptocurrency.
Choose the country one is in, and Bitrefill will provide a list of brands for which one can purchase a gift card, usually the mainstream retailers specific to that country or region. For instance, if someone is anywhere in the Americas, they can buy Bitrefill Amazon and Walmart cards and exchange in any currency such as USD or CAD.
Bitrefill also allows one to purchase phone cards or phone credits, which is most useful for digital nomads always on the move. There is a variety of cards to choose from to top up one’s phone instantly. One can recharge Bitrefill by entering their number and the amount they wish to spend, paid in cryptocurrency.
Bitrefill is also useful for getting around while living overseas, as it offers Hotelgift, Flightgift, and even Uber cards to make the experience of being far from home more comfortable. It also covers daily gaming or gaming while living abroad and holding cryptocurrency.
Although this selection is relatively smaller than other products, it does offer some of the most popular titles, such as Apex Legends, World of Warcraft, and mobile monsters like Roblox and PubG. If one does not see their preferred title, they can always get a generic Bitrefill card for gaming services like Google Play, Xbox, Nintendo, and even Gamestop. Users can also get their hands on a Bitrefill Steam card, although this feature is only available for US Steam players.
We also listed some more options on how to use your cryptocurrency.
Using Bitrefill is relatively easy, provided one has basic knowledge of how cryptocurrency works. The first step is to decide what kind of product one wants to spend their cryptocurrency on and from which country. Then look on the left sidebar to choose the product.
For example, if someone wants to buy clothes, they would click on “Apparel.” They will notice the most popular brands or newly added brands on top of the list. Finally, choose the cryptocurrency compatible with the platform when checking out, such as bitcoin, ETH, Litecoin, and a handful of other mainstream coins. Once completed, they will get an
Moritz Pindorek (Moritzpindorek.com)
Social Media, Marketing & Blockchain
Crypto/Web 3 Advisor, Top 10 Crypto Influencer 2022(Forbes Monaco) & Top 10 Entrepreneur 2022 (Forbes Monaco)
Owner and writer for Cryptouserguide.com