How to Buy on Amazon with Bitcoin
By: Ofir Beigel | Last updated: 4/24/20
Amazon is probably one of the most anticipated retailers for Bitcoin adoption. This post explains how you can shop on Amazon using Bitcoin.
How to Buy on Amazon with Bitcoin Summary
While Amazon doesn’t accept Bitcoin directly, there are several services that allow you to buy Amazon gift cards with Bitcoin, or trade your Bitcoins in exchange for ordering your product for you. Most of these services will also give you a discount on your purchase.
That’s how you buy on Amazon with Bitcoin in a nutshell. For a more detailed review of the different options keep on reading, here’s what I’ll cover:
- Does Amazon Accept Bitcoin?
- How to Shop on Amazon Using Bitcoin?
While many popular brands are accepting Bitcoin, Amazon has yet to jump on the cryptocurrency train.
There have been numerous speculations about whether the retail giant will accept Bitcoin or any other cryptocurrency.
These rumours were supported by the fact that Amazon bought three cryptocurrency related domains in 2017, and also won a patent for a streaming data marketplace that would allow users to view crypto transaction data in real-time.
Additionally, an anonymous software engineer at Amazon has indicated that the company has discussed accepting bitcoin payments “multiple times,” with the primary hesitation related to how the business would deal with returns and refunds.
Despite all of this, Amazon still doesn’t accept Bitcoin as a form of payment. Luckily, there are some solutions that will allow you to shop on Amazon using Bitcoin.
Purse.io is probably the most popular solution for buying on Amazon.com using Bitcoin. The site connects people who want to pay with Bitcoin on Amazon, with people who want to trade their Amazon gift cards for Bitcoin.
Here’s how it works:
- A shopper selects a product from Amazon + a desired discount
- The shopper’s order is presented in the orderbook for earners to fulfill
- Once an earner fulfills the order, he or she receives the Bitcoins in exchange.
Discounts start from 5% up to 33%. The lower the discount you request, the faster your order will be fulfilled.
Earners have different levels, with higher levels receiving access to orders with a lower discount request.
Buyers can easily add items from Amazon.com using Purse’s Chrome extension as well.
Through Bitrefill you can buy gift cards for Amazon.com, Amazon.uk, Amazon.ca and more. There are certain buying limits, however, they can be increased by verifying your account.
Fold is a website that allows you to buy different gift cards through Lightning Network payments. You can purchase Amazon.com gift cards on the site and get 3.5% back on your purchase as well. You can buy up to a $50 gift card on each purchase.
Moon is available for Chrome, Opera and Brave. Here’s a short video on how it works:
While Amazon still doesn’t accept Bitcoin, there are a handful of workarounds you can use to complete your purchase.
Hopefully, in the near future, Amazon will start accepting Bitcoin directly, which will make the whole process a lot easier.
Have you used any of the services I’ve mentioned above? Do you know of any other method for purchasing on Amazon using Bitcoin? Let me know in the comment section below.