Coinsbee is basically a website that attempts to make crypto transactions easier by providing a platform where crypto holders can buy gift cards with various cryptocurrencies. Coinsbee’s core strength lies in its diverse offerings ranging from gift cards to payment cards, and mobile top-ups from over 2,500 brands across more than 165 countries.
Coinsbee currently capitalizes on the synergy between cryptocurrencies and e-commerce, to create a unified platform that connects digital assets with desirable items. This has helped it simplify its process while also enhancing the user’s shopping experience.
Coinsbee as a platform is best described as a fusion of innovation and practicality.
Coinsbee is designed as a platform driving a future where online commerce is fully powered by cryptocurrencies. By offering a hassle-free way to purchase e-commerce gift cards with digital assets, the platform is enabling this future. With Coinsbee, users can unlock limitless shopping opportunities, combining the security of blockchain with the convenience of online shopping.
One of the first impressions when using Coinsbee is its user-friendly interface. The website, as shown above, is well-designed and easy to navigate, allowing both beginners and experienced crypto users to find their way around seamlessly. The user-friendly style allows consumers to rapidly browse through the available gift card options and make purchases with ease.
Available Gift Cards on Coinsbee
Coinsbee offers a diverse range of gift cards in a variety of areas, including gaming, e-commerce, entertainment, mobile phone credit, electronics, and more.
Users can purchase gift cards from major sites such as Amazon, eBay, iTunes, Walmart, JD.com, and Tinder. With so many options, CoinsBee provides a versatile platform for anyone wishing to put their cryptocurrencies to use.
Cryptocurrency Options Available on Coinsbee
Coinsbee supports over 100 cryptocurrencies for payments, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), XRP, Nano (NANO), and a variety of other altcoins. This flexibility ensures that users can utilize their preferred digital assets for gift card purchases.
It is worth noting that payments in Bitcoin or Litecoin can be made via the Lightning Network as well. The variety of supported cryptocurrencies is a significant advantage, allowing users to take advantage of different crypto holdings.
Security is a crucial concern for any crypto-related platform, and Coinsbee takes this aspect into consideration. All customer data is stored in encrypted form, which helps protect sensitive information from unauthorized access or breaches.
Additionally, Coinsbee states that customer data is not passed on to third parties, which is a crucial aspect of maintaining user privacy.
KYC (Know Your Customer) Check
To use Coinsbee, a Know-Your-Customer (KYC) check is required when certain limits are reached. This process is in line with legal requirements to prevent financial crime and money laundering. KYC involves verifying the identity of users to ensure that they are legitimate and comply with regulations.
Customers who have not completed the KYC process have a maximum order limit of €1,000 per order and a total limit of €10,000. However, once a customer completes the KYC process, there is typically no limit on the amount they can order, indicating that fully verified accounts can make purchases without restrictions.
Coinsbee mentions that some products can generally only be purchased from verified accounts. This suggests that certain gift cards or services may be restricted for customers who have not completed the KYC verification.
How to Buy Gift Cards on Coinsbee
Purchasing e-commerce gift cards with cryptocurrency with CoinsBee is a simple process. Here’s a step-by-step guide to getting started:
- Product Selection: Open your web browser, navigate to the CoinsBee website (www.coinsbee.com), and select the product or service you want to purchase. Coinsbee boasts an extensive list of over 2,698 brands, which span across 186 countries worldwide. Ensure that the desired product or service is available in your country before proceeding.
- Gift Card Amount: Once you’ve chosen the product or service, select the specific gift card amount you wish to purchase. You’ll also need to specify your country of residence at this stage.
- Crypto Selection: Coinsbee supports a wide range of cryptocurrencies, offering more than 100 different options for payment. Choose the crypto you want to use to pay for your gift card.
- Shopping Cart: After making your selections, proceed to your shopping cart. Review your order to ensure everything is correct.
- Agree to Terms and Conditions: Before proceeding with the payment, you’ll need to check the boxes to agree to Coinsbee’s terms and conditions. It’s essential to read and understand these terms to ensure a smooth transaction.
- Payment: Click on “buy now with cryptocurrencies” to initiate the payment process. At this point, you will be provided with payment instructions, including a QR code and a cryptocurrency wallet address where you should send the specified amount.
- Payment Verification: Double-check the payment terms to ensure they align with your preferences, including transaction fees and processing times.
- Email Entry: Enter your email address. This is where you will receive the voucher code or link to the gift card after a successful payment. Make sure your email address is accurate.
- Payment: Scan the QR code with your cryptocurrency wallet app or send the required amount to the provided wallet address. Make sure to complete the payment according to the specified terms and within the given timeframe.
- Voucher Code Delivery: Once your payment is confirmed, Coinsbee will send the voucher code to your email address immediately. For some products, they may send you a link to the gift card code. Be sure to check your email, including your spam folder, if you don’t see the email in your inbox.
- Redemption: The voucher code is usually valid immediately and can be redeemed for the selected product or service. Follow the redemption instructions provided by the brand or service associated with the gift card. Remember to keep your voucher code or gift card details secure, as they represent the value of your purchase.
Is Coinsbee Well Rated?
Coinsbee is a safe platform that has a good rating on Trustpilot. According to a review of 298 customers, the platform boasts of an excellent score of 4.5.
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