If you like buying things from Amazon and you love cryptos, you are going to fall in love with Purse.io. This under the radar website allows you to buy anything from Amazon using your Bitcoin or Bitcoin Cash – sorry Bitcoin SV, you’re not invited to this party. Not only can you use your crypto, you can also bag yourself huge discounts, ranging from 5% all the way up to 99%. It might take a little longer to complete the order when compared to using your regular Amazon account, but the discounts are well worth the wait.
How Does it Work?
We’re glad you asked that, as it’s actually a really interesting concept. The site has two functions, one lets you shop using crypto, and the other lets you buy crypto. In order for the site to work, users have to buy crypto using Amazon vouchers. People looking to buy items can set their own price for Bitcoin or Bitcoin Cash and the people trading their vouchers for crypto can pick which trade suits them best – this is how the discounts work out. Once your Bitcoin has been bought by someone with a voucher, the voucher is added to the product on Amazon and the item will be on its way to your door – it’s as simple as that.
A Little More Expensive than an Exchange
If you’re looking to get your hands on Bitcoin, this might not be the cheapest way. Most options to buy Bitcoin start from 15% more than the current market price, so be cautious as a Bitcoin buyer. Despite this huge markup, buying Bitcoin from Purse.io is relatively safe and it will get transferred directly to your crypto wallet, meaning you don’t have to worry about a crypto exchange playing hooky with your KYC information.
Vouchers Becoming More Popular
Vouchers containing fiat money to be used on popular online stores are becoming more commonplace. Coinbase has begun selling vouchers on its website that can be redeemed at Amazon to help people use their crypto to buy everyday items. Vouchers are denominated in various cryptos, so holders can spend their crypto on a range of items. Once a voucher has been purchased, the user heads on over to Amazon and enters the redeem code, from there the balance is credited to their account.
If you’re looking for a great deal on Amazon products and you want to spend crypto, head on down to Purse.io – you won’t be disappointed. As more companies make it easier to spend crypto, volatility will slowly begin to smooth out and we could see a permanent end to the brutal crypto winter.
