Paysafecard is an online payment method that executes a voucher system. You have three steps to use them. The first is to look out for outlets which sell them.
The second step is to purchase a Paysafecard. It is a card with 16-digit PIN available in different denominations of $10 to $200.
Then, the third step is to use the card on a platform which enlists Paysafecard.
Once you enter the 16-digit PIN on the website, you can buy anything from the online website. Nowadays Paysafecard is widely being used to buy Bitcoin.
Below here, we shall explain how you can do that. There are two ways to use Paysafecard to buy Bitcoin- Paxful, and LocalBitcoins.
If you are using Paxful, there are three steps involved:
- Create an account
The first step is to create an account. Paxful doesn’t require you to link your bank account to it, rather, you only need an email ID, username, and password. After you sign up, you will get a free Bitcoin wallet.
- Look out for the best offer
The next step is to find a suitable offer. Tap on “Buy Bitcoin” and fill in the details required in the payment method section.
If you have chosen Paysafecard as your preferred payment method, then pick your preferred currency and location.
Look out for the prices offered by different vendors. Different vendors set different profit percentage. They also mention the minimum and maximum BTC, they are ready to trade.
When finding the perfect deal for you, keep these points in mind:
- Evaluate the buyer cautiously: consider the account of the vendor carefully. Look out for the details, price, and payment requirements.
- Ensure that the vendor is reliable: There may be scammers around. Hence it is important to follow the security protocols and find out if the vendor is genuine.
- Lastly, see that they are available: It is important to find a vendor who is available for the transaction and not offline.
- Start your trade with the vendor
The final step is to finalize your transaction and get the Bitcoin in your wallet. Once you have got the best deal click on the Buy button and accept the Terms and buy Bitcoin Now button to move ahead.
You can also talk to the vendor through a live chatbox. When you are using Paysafecard as your payment, the requisitions are the same as gift cards. Send your payment details and make sure you pinpoint the trade as paid.
Once the vendor receives the payment in their escrow account, they will release the BTC and the transaction will be complete.
The procedure is more or less the same for Local Bitcoins. So, you can choose either of the platforms for Paysafecard. https://www.smartbitcoininvestments.com/buy-bitcoin-with-paysafecard/ is one of the best locations to find out all the details related to the buying of Bitcoin with Paysafecard.
You can browse the website to know the details of conducting transactions via different payment methods. The step by step procedure will ease your confusion and help you do safe Bitcoin transactions.