You’ve received a gift. A Visa Gift card.
And now you want to know how to convert that money – that fiat money – into Bitcoin. Well, you’ve come to the right place. On Amber, you can do just that and more.
Amber is a Bitcoin exchange that realises Bitcoin has a big role to play in the future of the global economy. Amber has competitive low transaction fees or no fees, on our premium platform – Amber Black. We believe that everyone should be able to buy Bitcoin. Even those people wanting to buy Bitcoin with only a Visa gift card.
We want to give our users the simplest, safest and fastest Bitcoin experience they have ever had. And our platform is designed just like that. We realise that buying Bitcoin for the first time can be daunting, so we pride ourselves in Bitcoin education. Either send us a message with a question you have or have a look at our blog, which covers many topics ranging from beginner Bitcoiners to experts.
Visa Gift Card
Visa gift cards work in the same way as a normal visa debit or credit card. Anywhere that these cards are accepted, your Visa gift card will be accepted too. It’s a convenient way of giving someone a present when you don’t know what they want to buy. Instead of giving them a gift card that is store specific, it allows them to shop anywhere online or in person.
In this case, you’re making the decision to buy the most important asset of the 21st century – Bitcoin. It’s hard to argue that this isn’t the correct decision to make. Ignoring the other cryptocurrencies and storing your wealth in an asset like Bitcoin, is a great step forward for your financial future.
Let’s learn below how to buy Bitcoin with a Visa gift card, on Amber:
Step 1: Download the Amber App
Whether you’re an Apple iPhone user or have a smartphone that uses the Google play store, Amber will be available to download. Buying Bitcoin from your phone is very easy in 2022 and even easier on Amber.
Amber is beginner friendly, therefore, simple and fast to use. Helping to make your Bitcoin experience the best it can be.
Step 2: Set up an account
You’ll need an account on Amber to buy Bitcoin. We keep the information needed to the most basic identification necessities such as name, phone number, date of birth etc.
This information is important to you and therefore, important to us. Your privacy is a top priority. So, we use the latest custody, authentication and encryption standards to ensure that all your personal details are secured.
After this step, you are well on your way to buying Bitcoin with a Visa gift card for the first time.
Step 2.5: Verify your account
You can complete this step now, or later. To buy Bitcoin initially, you don’t need to verify your account. However, if you want to withdraw your Bitcoin to send it to your personal wallet you’ll need to be verified. Also, if you sell your Bitcoin for fiat money and want to withdraw that – you’ll need to be verified.
We understand that not everyone agrees with the verification process. However, your location’s regulatory standards means we must comply with these verification processes.
Only a half-step because it’s not necessary for your first Bitcoin purchase with a Visa gift card.
Step 3: Select how much Bitcoin
This is the most important part of the process. Deciding how much BTC you want to buy. This will be dependent on how much money was put onto the Visa gift card although, there are many different ways to buy Bitcoin on Amber. You can buy with all your funds available initially (smash buy), or decide to spread your money across a period of time (DCAing).
Different cryptocurrency exchanges might recommend their own best way to buy Bitcoin. Although, at Amber we find that Dollar Cost Averaging is one of the best ways to start to increase your exposure to Bitcoin. Bitcoin is a highly volatile asset, but when HODLed for long enough is highly appreciative. Dollar Cost Averaging is the process of buying set dollarised amounts every day, week or month, no matter the price of Bitcoin.
DCAing isn’t the only way to buy Bitcoin on Amber. You can decide to smash buy (just buy some Bitcoin) or use some of our premium automations which are available via Amber Black. Amber Black is a premium program on our platform, which has 0% transaction fees and has a number of features not seen on our Amber Basic. Some of these include our ‘Buy the Schiff’, ‘Mayer Multiple’ or ‘BTFD’. All which go towards making your Bitcoin buying experience – better.
Step 4: Select Payment Method
This is the part where you need to have your Visa gift card on you! You’ve selected how much Bitcoin you want to buy, or the automation you want to use, so now payment is necessary.
There’s several different payment methods to use on Amber. If you’re using a Visa gift card you’ll select the credit card/debit card option. Just type in the numbers on your Visa gift card, just like you would with a normal credit card. Done. Payment made.
In the future, if you decide you want to use a different payment method then it’s easy to select. We’ve designed this process to be as simple as possible, with many options available. Want to use a bank transfer? Then use the EFT function. Google and Apple Pay are also very common payment methods.
No need to worry about anything else.
Step 5: View your Bitcoin
Your Bitcoin will instantly go into your Amber account. You’ve successfully converted fiat money from your Visa gift card into Bitcoin!
The trade occurs instantly, so there’s no need to wait for your Bitcoin to appear. It will be displayed in your Bitcoin balance. The Bitcoin stored on Amber, your Bitcoin, is held in a non-custodial Bitcoin wallet. Therefore, Amber makes it easy to make a Bitcoin withdrawal. We suggest to all our users that they make a Bitcoin transaction, when they feel comfortable. And practice storing their own wealth, in a hardware wallet of their choice.
Bitcoin is all about learning. The more you learn, the deeper the rabbit hole goes. First, you learn how to buy Bitcoin and soon you’ll be learning how to set up a multi-sig wallet!
A friend, family member or colleague gave you a gift – a Visa gift card. Satoshi gave the world a gift – Bitcoin. Now, you can use yours to buy something that will last generations. Historically, buying Bitcoin has been one of the best decisions a person can make. We don’t expect that to change.
And who knows, maybe one day you’ll gift some of the Bitcoin back to the person who helped you buy it!
Amber, allows you to buy or sell Bitcoin with the simplicity and speed that you are looking for. We don’t make it confusing with all the ‘crypto’ hype that you see on many cryptocurrency exchanges. We have separated Bitcoin from the rest.
And the process to buy Bitcoin is only 5 steps.
Before and after your first Bitcoin buy, it’s important to learn why you buy Bitcoin. Do you buy it for its investment value? Maybe you see the role it’s playing in developing nations? Or maybe you buy Bitcoin because you agree with the notion, ‘fix the money, fix the world’. Whatever it may be, if you find your reason, it will become much easier to buy when everyone says to sell.
Gift a Visa gift card. Buy Bitcoin.
Stack with Amber. Simple. Fast. Secure.