Bitcoin can be used to buy various products available on Amazon. It is worth noting that the world’s largest online store is silent on the possibility of shopping with cryptocurrency payments. Although Amazon does not accept Bitcoin directly, there are several ways to make purchases using Bitcoins on Amazon.
Our guru Alex knows workarounds that are easy to use. Amazon accepts gift cards that can be applied to all purchases. Also, these services are available worldwide, and online shoppers can buy anything on Amazon.
Why I Can’t Use Bitcoin on Amazon?
Beginning in 2018, news began to emerge that Amazon would start accepting Bitcoins for payment. In 2017 and 2018, Amazon acquired several cryptocurrency domain names. Its subsidiary acquired a streaming platform, the patent for which mentions the use of Bitcoin as an example.
However, little has changed since then. The tremendous uncertainty about the future of cryptocurrency regulation and the high volatility of the market is terrifying for many e-commerce companies, including Amazon.
There is also much speculation that Amazon has already struck major deals with major credit card companies and other payment processors, such as VISA, that give them better and more favorable terms than Bitcoin ever could.
Based on all of the above, it is safe to say that Amazon will not accept Bitcoin as a form of direct payment anytime soon. Nevertheless, rumors and speculation continue to circulate. But you have to understand that the process of transitioning to Bitcoin payment capability can take a very long time, and it won’t happen in a year or two.
How to Shop on Amazon Using Bitcoin
Although Amazon does not accept Bitcoin or Ethereum, crypto-enthusiasts can exchange their assets for Amazon gift cards – vouchers that Amazon customers can use to pay for their purchases on the platform. While this process doesn’t look straightforward and may add a little extra cost, it is the best solution to buy with Bitcoin on Amazon. Let’s take a look at some of the services that allow you to purchase digital gift cards using Bitcoin.
Purse.io is one of the most popular ways to spend cryptocurrency on Amazon. It pairs cryptocurrency holders with Amazon gift cardholders: Amazon gift cardholders make purchases on Amazon by fulfilling the order of Bitcoin holders. The main benefit is a discount for those who use cryptocurrencies to make purchases.
To use this service, you need to import your Amazon wishlist into your wallet and then select the items you want to add to your cart. Then click the Continue tab. The startup does not take the order itself but shows it to online store gift cardholders, who are willing to provide their gift card in exchange for Bitcoins. One pays for the purchase, the startup transfers the Bitcoins, and the goods travel to their destination.
In mid-2020, the company announced its liquidation, but it is still operating and, in the fall of 2020, released a statement that instead of closing, the service will be modified. But let’s look at alternatives to this top-rated service.
The Moon browser extension allows you to shop online with cryptocurrency using the Lightning Network. The extension is currently available for Chrome, Brave, and Opera. Now, only users in the U.S. and Canada can use Moon, but the company has announced that it will expand to other countries soon.
One of its innovative features is that this extension also allows users to make payments through their Coinbase account. Moon not only supports Bitcoin payments but also accepts Bitcoin, Ethereum, and Litecoin. Shopping on Amazon with Moon is easy:
- Install an extension for your browser.
- Create a new account.
- Link your account to Coinbase or Lightning Network.
Fold is one of the most promising startups in 2021. Fold is available as an Android, iOS, and web app. It allows users to buy gift cards in dollars from popular brands such as Amazon, Uber, Domino, Hotels.com, Starbucks, and other merchants at discounted prices and reward users with Bitcoins.
Users can also make purchases directly through the app and earn rewards for using the Lightning Network. This year, Fold announced a new Visa card that will allow users to earn Bitcoins for every dollar purchase.
Bitrefill is an analog store that provides a catalog of gift cards, prepaid mobile vouchers, and Lightning Network services that can be purchased with Bitcoin and other cryptocurrencies worldwide. The service accepts Bitcoin, Dash, Dogecoin, Litecoin, or Ethereum to buy Amazon gift cards (among 750+ other gift cards), phone or other data deposits, etc.
To pay with cryptocurrency for an item on Amazon, choose a product, denomination, payment method, and pay with your favorite wallet. You’ll receive an email with your gift card code / PIN within 10 minutes. Now you can buy something on Amazon using your account. Keep in mind that daily limits are depending on the product category. Some limitations may be increased after checking the user account.
Bitrefill currently offers Amazon gift cards in the US, UK, Germany, France, Italy, Spain, India, Japan, and China. It’s always worth checking the website and terms and conditions before you buy. If you are not sure if a voucher works in your region, contact customer service.
SpectroCoin offers its users the opportunity to buy Amazon gift cards. The platform does not limit the value of the card to traditional numbers, and users can choose the value of the gift card themselves. The service accepts various cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and Tether.
SpectroCoin allows you to spend Bitcoins on Amazon using amazon.de, amazon.it, amazon.fr, and amazon.es gift cards. Note that gift cards should only be used at the appropriate stores. Amazon gift cards, including any unused balances, may expire by their stated terms, so be sure to check the terms listed on the Amazon site of your choice.
The process of buying a gift card is not complicated and is as follows:
- Go to the “Withdrawal” section of your SpectroCoin account.
- Select “Deposits and Vouchers”.
- Select your country of residence and currency.
- Select the amount you want to pay (in cryptocurrency) or the value of the desired gift card (in euros) and click “Send”.
- You will receive an authentication key for your purchase by email, SMS, or via the Google Authentication app.
- Enter the code and click “Submit” again to complete your purchase.
The gift card can be used for any Amazon purchase by selecting “Amazon Gift Card” as your payment method at checkout.
Getting started with Bitcoin is not difficult at all. You don’t have to go into all the processes and understand how the cryptocurrency market works. However, to start earning, you need to understand blockchain technology and many other nuances.
Artex Global was created to cover the topic of cryptocurrencies, analyze the processes in the world of blockchain and mining, and help all those interested in this topic. On our website, you will find answers to all your questions, as well as many comparative analyses of cryptocurrency exchanges, forecasts, and news, for example, Bitstamp cryptocurrency exchange or Bittrex cryptocurrency exchange.
I have been studying cryptocurrency for over 5 years. I have accounts in every exchange and I test everything on myself.
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