Typically, you can expect that your withdrawal request will be processed within a day, but sometimes can take multiple days, so plan accordingly so you have enough time for the money to hit your account before your start to shop. Transfer times can vary depending on the exchange. Pick what cryptocurrency that you’ve invested in that you would like to withdraw from This is a security feature as well as a way to prevent money laundering.ĭepending on the exchange that you used, the process will vary, but will typically be some version of this: Typically you will have to use use the same account that you initially used to deposit your funds. In order to use the money that you have on these exchanges, you’ll have to withdraw the funds to your bank account. If you bought into Bitcoin or another cryptocurrency back in the day when things were a little less streamlined than it has become recently, you likely bought in via an exchange like Binance or Coinbase. It works just like any other debit card, except you’re pulling from your cryptocurrency balance instead of a bank account. The company will issue you a Visa card, which you can use to make purchases through Amazon and other sites. Set up an account and transfer your holdings in any of 1,300 different cryptocurrencies to your account. While it doesn’t allow you to turn cryptocurrency holdings directly into an Amazon gift card, does give you the option to fund a debit card with your crypto holdings. (opens in a new tab) (Opens in a new tab) Get Deal (opens in a new tab) (Opens in a new tab) All you have to do is cash out and select the option to redeem as an Amazon gift card in order to use your gains directly on Amazon. BitPay supports a number of different cryptocurrencies including Bitcoin, Dogecoin, Ethereum, and others. Once you’ve done that, you can turn your crypto assets into an Amazon gift card. While you can buy and sell cryptocurrency directly in BitPay, you can also link your existing account from Coinbase and use it to fund your BitPay wallet. There are a couple different apps that support this option.Īmong the most popular is BitPay, a payment app that essentially lets you turn your cryptocurrency into a payment method. But while you can’t purchase things directly on Amazon via cryptocurrency, you can turn your existing currency into an Amazon gift card. While you can’t make direct purchases on Amazon using Bitcoin or other cryptocurrencies, you can convert your gains and tendies (Opens in a new tab) and take advantage of the savings. The annual event, which falls on June 21 and 22 in 2021, is an opportunity for Amazon Prime subscribers to get their hands on Amazon devices and other products from beloved brands at discounted prices - with free shipping to boot. There’s no better opportunity to pick up some great tech or other goods that you’ve been eyeing than during Amazon Prime Day (Opens in a new tab). If you've found yourself with some unexpected spending money thanks to a timely investment in crypto - or maybe you’re just looking to stop HODLing and cash out before the next market downturn - you might as well turn that found money into something you’d like. It's exciting - thrilling even - but once all is said and done, you can't exactly cash in those tickets for anything in the real world. Investing in cryptocurrency is a bit like winning tokens at an arcade.
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