Amazon does not accept Bitcoin or other cryptocurrencies directly, but this should not prevent you from using your possessions to purchase things from the registered retailer. Unfortunately, there are some obstacles to paying cryptocurrency to Amazon. This usually involves converting your crypto into fiat currency before using it to purchase with a virtual or plastic debit card. Another popular option is to fund Amazon gift cards using Bitcoin, Cardano, Ethereum, Litecoin, or any other cryptocurrency you own.
We can hope that one day the retail giant will wake up and join the new decentralized economy. Until then, we’re here to help you navigate the pay-off waters for those Amazon deals with your growing (or decreasing) crypto reserves. Browse the options below to see which one best fits your Amazon buying needs.
BitPay offers a payment app and debit card that you can fund with your cryptocurrency – including not only Bitcoin, but Dai, Dogecoin, Ethereum, USD Coin and XRP. The app is available for Android, iOS, and Windows 10. It also works as a cryptocurrency wallet, which gives it an edge over an online exchange like Coinbase. One of the main reasons is that your account assets remain on your local machine, so you can’t lose them if someone hacks into the online service that keeps your encryption. However, it is easy to connect your Coinbase account to BitPay to fund the local wallet. Alternatively, you can purchase crypto directly at BitPay using a credit or debit card.
The Amazon gift card option is prominently displayed on the homepage of the app and I bought one without incurring any charges. There is also a Redeem Now option that takes you directly to the Amazon website and automatically applies the gift card code to your balance.
Bitrefill claims that it “allows (anyone) to live on cryptocurrency more easily.” Like some of the other options here, it lets you buy gift cards with your own cryptocurrency. Buying an Amazon gift card with Bitrefill earns you 1% bonus in your account. Fund the card with Bitcoin, Dash, Dogecoin, Ethereum, Litecoin or Tether, using a standard QR scan or entering the address of your wallet. There is also an option to link a Coinbase account, although you may prefer to keep it separate for security. Paying to Amazon with Bitrefill isn’t as streamlined as it is with BitPay or Purse, although you can copy the gift code with one click and head to Amazon armed with that.
Blockcard offers a Visa debit card that you can fund with your own cryptocurrency. You can fund your account with BAT, Bitcoin, Bitcoin Cash, Dai, Ethereum, Litecoin, Stellar Lumen, Tether, USD Coin or Uniswap.
You can choose from virtual or plastic cards, and soon metal cards. The virtual machine is free, but you need a $10 deposit to get the plastic. Blockcard does not charge any transaction fees for either deposits or transfers, but there are fees for some things, such as PIN or ACH transactions ($1) and ATM withdrawals ($3).
Once you have your funded card, simply use it on Amazon as you would any other debit card. Blockcard automatically converts cryptocurrency using Ternio (TERN) crypto.
The cash app (which comes from the people who do the payment processors in Square) allows you to buy Bitcoin easily; But unfortunately, it does not support any other cryptocurrencies yet. You can even earn Bitcoin on cash card purchases. For example, one of the promotions was a 5% bonus in Bitcoin if you buy groceries with the card. To send or receive Bitcoin on the standard blockchain, you need to verify your identity with a driver’s license and a photo. (Lots for anonymity in cryptocurrencies.)
Once you’ve earned a stack of Bitcoin in the Cash app, you can choose Sell, which dumps the amount you specify into your Cash app balance. Then, to buy something on Amazon, simply use the debit card information on the shopping site. In the application, you have to click on the full three-dot menu and enable Show cash card information and type the PIN to see the number, expiration date and CVV number. If you have a plastic cash card, just enter the information from it.
I should point out that I’m not a big fan of apps like Cash App and Venmo that let people view payment receipt IDs, as they often lead to illegal uses like criminals paying you with stolen credit cards, which leads to big Legal headache. I went through a tedious process to cancel my Venmo account due to all the illegal requests and money transfers to it.
Crypto.com allows you to pay with cryptocurrency not only on Amazon, but also at eBay and Walmart. The company offers a Visa card with cashback rewards of up to 8%. However, New Yorkers are not so lucky, as they have many advantages of digital currency, thanks to its restrictive regulations. For those who live outside of New York, Crypto.com allows them to fund accounts with about 1,300 different types of cryptocurrencies – a market capitalization of over $1 million. Paying to Amazon with a Crypto.com card is just like using any debit card. If you keep a balance of about $1,100 of Crypo.com’s CRO tokens in your account, you can earn anywhere from 2.5% to 10% in rewards on purchases, and even get $12.99 per month from an Amazon Prime membership.
Although PayPal is popular, but initially it has joined the decentralized currency movement, you cannot pay with cryptocurrency. PayPal allows you to purchase a very limited set of cryptocurrencies – Bitcoin, Bitcoin Cash, Ethereum and Litecoin – and you cannot use them directly in any way. You can just transfer it back to your account balance. You can then use this credit for your Amazon purchases. Other exchanges like Coinbase allow you to easily transfer assets using QR codes or your wallet address. At least you can buy some cryptocurrency on PayPal, convert it back into dollars, and use it to buy from Amazon.
Purse is the most Amazon-focused option here and one of the easiest to set up. Purse gives you 15% off on Amazon when you shop with Bitcoin or Bitcoin Cash. It features a search bar to enter a product you want or even an Amazon product URL. Although Purse unfortunately does add a small fee to your application, it came in less than the discount for my test order. Once at the checkout, you can simply scan the QR code on the last page to add your cryptocurrency to the account to pay for the order.
Beyond Amazon and the future of payments
Although Amazon does not accept direct cryptocurrency payments, many other shopping sites do Act Accepting the new form of money, including Fancy, Microsoft, NewEgg and OverStock. Or maybe you prefer to shop at De Louvois, where you can always pay with Bitcoin, Ethereum, and more… assuming you’re in the market for a Bentley, a Lamborghini, or perhaps some high-end real estate.