What do I use to buy a giftcard with BTC?

[Helpful Tech Witch]

Ive been mining with nicehash for a bit, and have about 14$ (2.5x10^-4BTC).

Say, when I get to 20$ I want to get a amazon gifcard to buy..... I don't know..... some cable extensions.

what service do I use?  
Also, do I have to have x amount to use the wallet?

[Moonzy]

you cant withdraw unless you have 0.001BTC i think, which is $55

of which if you do withdraw at that amount, the transaction fee would be quite heavy

 

i normally withdraw once i reach $1000 or so, because of the fixed transaction fee

[Helpful Tech Witch]

1 minute ago, Moonzy said:

i normally withdraw once i reach $1000 or so, because of the fixed transaction fee

I cant really do that. At that rate it would be like 2.5 years.

 

But yeah its .001.

Do you know the fixed fee?

[Moonzy]

1 minute ago, HelpfulTechWizard said:

Do you know the fixed fee?

it varies depending on the trading volume of the time you're trading

 

recently it's been $2.5 i think? or $10+ if you want it to go through fast

though nicehash picks the slow option so $2-ish

[Helpful Tech Witch]

Just now, Moonzy said:

it varies depending on the trading volume of the time you're trading

 

recently it's been $2.5 i think? or $10+ if you want it to go through fast

though nicehash picks the slow option so $2-ish

ok. 

So it would be like .00005BTC (2.7usd)?

 

Also do you know what I should use?

Ive seen bitrefill and egifter. Are there others? Which is best?

[Moonzy]

1 minute ago, HelpfulTechWizard said:

ok. 

So it would be like .00005BTC (2.7usd)?

 

Also do you know what I should use?

Ive seen bitrefill and egifter. Are there others? Which is best?

I don't trade BTC to gift cards, I think I've seen @wkdpaul mentioned something about this though

[Helpful Tech Witch]

Just now, Moonzy said:

I don't trade BTC to gift cards, I think I've seen @wkdpaul mentioned something about this though

ok. 

Id assume you sell it with something like coinbase and sell it for your local currency?

Ill see what wkdpaul has to say.

[Moonzy]

2 minutes ago, HelpfulTechWizard said:

ok. 

Id assume you sell it with something like coinbase and sell it for your local currency?

Ill see what wkdpaul has to say.

Something like that yes, I don't use coinbase because it doesn't support my local currency

[Moonzy]

Just in case if you come to the conclusion to want to gather more before transferring out, you can trade BTC to USDT if BTC is dropping so you'll have "USD" and won't lose all your money if BTC crashes, that's your backup plan

 

You can do it through nicehash exchange

[TheBean]

on nicehash the withdraw fees are not that high. it fluctuates quite a bit so it can be anywhere from $0.3 to $10. you just have to check at different times and you might get lucky. withdrawing to coinbase is free but i believe coinbase charges a fee to withdraw from them

[Spotty]

Is there a reason why you want to cash out in gift cards instead of a currency such as USD?

[Helpful Tech Witch]

2 minutes ago, Spotty said:

Is there a reason why you want to cash out in gift cards instead of a currency such as USD?

Lack of a paypall or other online pay.

And id just be buying off amazon or newegg anyways.

 

6 minutes ago, The_Vaccine said:

on nicehash the withdraw fees are not that high. it fluctuates quite a bit so it can be anywhere from $0.3 to $10. you just have to check at different times and you might get lucky. withdrawing to coinbase is free but i believe coinbase charges a fee to withdraw from them

does coinbase withdrawal have a minium amount?

[WkdPaul]

bitrefill is best IMO, the other option is coincards, but they charge fees (5% IIRC ? )

 

best to change the fees manually to pay as little as possible (some exchanges or wallets won't let you do that unfortunately), it will take longer to verify, but it's never worth paying $10 in network fees (unless you're moving a few whole BTCs I guess).

[Helpful Tech Witch]

Just now, wkdpaul said:

bitrefill is best IMO

yeha, thats what it seems to be.

 

they seem to have most everything. walmart, amazon, fn, mc java (which i totally wont be using as I have totally been playing a legal copy), bestbuy, and even starbucks.