Overview
Prepaid2Coin (prepaid2coin.com) works in the opposite direction to most gift card platforms: it lets you convert prepaid cards and unused gift card balances into Bitcoin. It describes itself as the only U.S. owned and operated company that converts prepaid and gift cards to Bitcoin. It says it protects transactions with advanced encryption, AML controls and PCI-compliant security.
It is aimed at crypto enthusiasts, people without a traditional bank account, and anyone who wants to get value from leftover card balances. Its blog covers topics such as converting Blackhawk and Vanilla cards to Bitcoin.
How It Works
- Sign up with your ID: a passport or driver's license is all you need.
- Submit your card details for the prepaid or gift card you want to convert.
- Receive Bitcoin with low fees and quick trades. Store it safely using our best crypto wallets guide.
Pros and Cons
Pros
- Turns unused prepaid and gift card balances into BTC
- Simple signup, with only an ID required
- Advertises low fees and quick trades
- AML controls and PCI-compliant security
- U.S. owned and operated
Cons
- Currently operates only in the United States, with plans to expand to more states and countries
- ID verification required
- Bitcoin only. It doesn't sell gift cards for crypto.
Verdict
Prepaid2Coin is a focused option for U.S. users who want to turn prepaid or gift card balances into Bitcoin. If you want to go the other way and buy gift cards with crypto, see Bitrefill, Cardstorm or CoinsBee, or browse the full crypto gift card directory.
FAQs
What does Prepaid2Coin do?
It converts prepaid and gift card balances into Bitcoin.
What do I need to sign up?
A passport or driver's license.
Where is Prepaid2Coin available?
It currently operates in the United States and plans to expand.
Is it secure?
It says it uses advanced encryption, AML controls and PCI-compliant security.
Which crypto do I receive?
Bitcoin.
Disclosure
This review is based on information published on the official Prepaid2Coin website and is for information only, not financial advice. Check fees, supported cards and availability in your state before using the service. Bitnxt may earn a commission from some links on this page.
