!Dea - page 2. | Bitcointalksearch.org

NeuroticFish

legendary

Activity: 3668

Merit: 6382

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Quote from: libert19 on September 07, 2022, 11:17:30 PM

You can always purchase basic necessities using these or purchase items online and resell them.

1. As already said, when crypto is banned, you won't be able to buy these cards for your country.
2. In many countries the offer for these gift cards is very limited. In my case, phone refills (but not for the cheaper operator I use), books and furniture are not really the "basic necessities"... (some of BitRefill's Visa/MC debit cards may be useful though - actually the only useful items, but those are not really gift cards)

_act_

legendary

Activity: 1064

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Lightning network is good with small amount of BTC

Quote from: libert19 on September 07, 2022, 11:17:30 PM

Ofc they have some premium and if you were to sell these gift cards you would get 5-10% lower but could be helpful strategy in dire need.

This is one of the reasons I do not like gift cards. Another is that it is easy for gift card buyers to scam if compared with peer-to-peer crypto trading.

How about going for a decentralized exchange? That would probably be very difficult to ban, what I am thinking is that local trading on decentralized exchanges could be reduced if bitcoin is banned in the country. But I definitely know that bitcoin is traded in countries that ban it as long as the citizen are having it.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: libert19 on September 07, 2022, 11:17:30 PM

Ofc they have some premium and if you were to sell these gift cards you would get 5-10% lower but could be helpful strategy in dire need.

If cryptocurrencies are banned then using them to buy giftcards is also banned. Also if there is a loss in such a conversion (buy gift card with a fee then sell it for fiat at a loss) then I'd say it is best to simply find a way to exchange your cryptos to fiat using peer to peer platforms. That way you are still doing something that is banned but at least you don't lose money (assuming you don't get scammed of course).

libert19

hero member

Activity: 2520

Merit: 952

Suppose your country has banned crypto completely.

You could buy ecommerce [1]giftcards from sites like bitrefill ($1k/month without account and there are some other sites too which I have no personal experience of). Ofc they have some premium and if you were to sell these gift cards you would get 5-10% lower but could be helpful strategy in dire need.

You can always purchase basic necessities using these or purchase items online and resell them.

[1] Gift cards providers

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