Is a Bitcoin Gift Card a Viable Way of Purchasing Bitcoin?

Bitcoin Gift Cards present a flexible, secure, dynamic way of buying, gifting and holding BTC.

According to the most recently available data, Bitcoin is at least somewhat familiar to more than 300 million active cryptocurrency users across the globe.

While the most common method of obtaining Bitcoin is reportedly digital asset exchanges and similar models, as these entities become more heavily scrutinized in terms of their practices and specifically the management of customer funds, other methods of obtaining  BTC like Bitcoin Gift Cards are being increasingly explored by individuals as evidenced by a rising rate of adoption.

What Makes Bitcoin Gift Cards Attractive And Ideal?

BTC Gift Cards are an increasingly popular method of purchasing, utilizing and even holding the digital asset Bitcoin. Not only can purchasers use BTC and other crypto gift cards as unique gifting options for all occasions and events, but additionally, digital asset gift cards are being used by many for other reasons as well. They are considered as being more secure, flexible and useful than purchasing and holding Bitcoin by way of an online virtual currency exchange, dealer-brokers and other common alternatives.

Bitcoin Gift Cards have been in active public circulation for some time now, dating back to around 2012 officially, just 3 years after the release of BTC to the public as a blockchain and digital form of money supported thereon. Very close to that time, in 2013, a company by the name of Bitcoin Solutions, Inc was launched with an aim and mission to make Bitcoin more accessible worldwide in gift card format in particular.

In 2018, BitCard®, the US-based arm of Bitcoin Solutions, Inc, began supplying the public with BTC Gift Cards that are extremely flexible and easy to use. In just a few short years BitCard® has successfully sold close to a half million BTC gift card units in over 150 nations where they are legally accepted.

Ease-of-Use Associated With BTC Gift Cards

One immense benefit of BTC Gift Cards is that they are easy to use in the digital environment. Over 230 million US citizens reported shopping online in 2021. This number accounts for around 70% of the total recorded population of the United States. 63% of all global purchases are reported as beginning online in the web environment, while over 73% of the global population report making an online purchase at least monthly. These numbers provide evidence of the usefulness for Bitcoin and other digital currencies, which is one of the primary functions of these virtual forms of money.

BitCard® makes the process of using Bitcoin and virtual assets in the online space simple and efficient. The company supplies and distributes gift cards to B2B suppliers and platforms which in turn sell to individual merchants and businesses who deal directly with the public. BitCard® is used in gifting, loyalty and rewards programs, incentives and personally by purchasers.

Whenever an individual or business purchases a physical or digital BitCard® they are then directed to the online platform where they are able to register an account, activate their card and redeem their Bitcoin in part over time, or entirely. The redeemed Bitcoin is then moved to a unique digital wallet where the customer is able to utilize BTC for purchases in the digital world. This process is able to be navigated in just minutes from start to finish, making it much simpler than other methodologies of redeeming Bitcoin and using it online.

Security And Transparency: Some Other Reasons Why BTC Gift Cards Are Preferred

As mentioned above, the crypto exchange model has been under scrutiny since the collapse of ecosystems like Terra Luna in the spring of 2022, and the FTX exchange and perpetuals platform just a  few months ago. The BTC Gift Card proves to be a more effective and safe model than crypto exchanges in this way. BitCard® has a few specifics in place to support the best security interests for its millions of worldwide customers across the international community.

For one, the BitCard® platform holds cryptocurrency assets offline in cold storage wallets where they are safe from the threat of bad actors and digital hackers. The vast majority of exchanges hold all or at least the bulk of customer assets online in hot storage wallets where they are susceptible to theft and other potential threats and network compromises.

BitCard® also insures fiat currency which backs customers in order to facilitate the redemption process whenever they are ready to do so. USD fiat is held in US bank accounts and Federal Deposit Insurance Corporation insures all funds held up to $130 million in total value, a significant security measure that helps foster genuine peace of mind for BitCard® customers.

Conclusion: The BTC Gift Card Is A Better Model

Is the Bitcoin Gift Card a viable way of purchasing Bitcoin? The evidence says not only is the BTC Gift Card a viable method of purchasing BTC, but it is also better. Between security and safety, transparency offered on the digital platform, flexibility in redemption and utilization, and more, BTC Gift Cards are an attractive alternative to traditional methods of purchasing, using and storing Bitcoin.

Globally active companies like BitCard® are helping to lead the way and inform people of a better way of dealing with BTC and virtual currencies. Gift cards are not just a unique and innovative way to send a special message to friends or loved ones, but in many regards, due to the reasons named and others not expounded upon, an equally positive way for individuals to interact with Bitcoin themselves.

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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