As a gamer, you would know what Steam gift cards are. You could have it in excess and choose to sell it off for extra cash or crypto. Even as a non-gamer, what if you are in the business of gift card trading and you need Bitcoins instead? Selling your Steam cards for Bitcoin is the way to go.
But if you find it a challenge to sell your Steam card for Bitcoins, this article is right for you. Here, we look at a step-by-step guide on how to sell Steam cards for Bitcoin.
We will also discuss why you should sell, the benefits, and key tips to know when swapping your Steam cards for Bitcoins.
First, let us look at what Steam cards and Bitcoins are.
What Are Steam Cards?
To understand Steam cards, you must first understand the concept of gift cards in general.
Gift cards are prepaid cards that can be used to purchase products and services instead of cash or credit cards.
Different companies produce gift cards for their brands, and one such company is Steam.
You need a Steam card to access all the games and their features on the Steam platform.
Steam is a popular digital platform where you buy, download and play video games. It offers a vast catalog, community features, modding assistance, cloud saves, VR, early access, and frequent sales.
We must note here that Steam cards are closed-looped, which means that you can redeem them outside the Steam platform.
Bitcoin
Bitcoin is a digital and decentralized currency that uses blockchain technology to carry out and record transactions. It was created in 2009 as a new kind of money.
Unlike fiat currencies, bitcoin has a limited supply of 21 million. New bitcoins are created through mining. Transactions are public and also anonymous, as your identity is not linked to your wallet address.
Bitcoin’s price is highly volatile, often having its highs and lows. As of today, its price on Coinmarketcap is $92,739.95.
Once confirmed, Bitcoin transactions cannot be altered or reversed. Businesses and institutions are increasingly accepting Bitcoin as a form of payment and investment.
How to Sell Steam Cards for Bitcoin
If you find it a bit puzzling to exchange your Steam cards for bitcoins, here are the different ways to do so.
- Third-party apps
With numerous apps like BitValue, Paxful, Prestmit, and others, you can swap your Steam card for Bitcoin in this format:
- Download and sign up on the app of your choice
- Choose a Steam card as the card for selling.
- Use Bitcoin as your preferred form of payment.
- Confirm the transaction details, such as your Bitcoin wallet address, and wait for the transaction to be completed.
- You will receive your Bitcoin.
This method works if the platform accepts cryptocurrency payments. Some apps and websites allow you to sell your gift card directly, while others provide you with a P2P market where you can trade with other vendors to get bitcoins.
- Local Vendors
If you have physical Steam cards, look for trusted vendors or stores in your vicinity that want them in exchange for bitcoins and transact with them.
- Selling
Another easy way is to sell your Steam card for money and then buy bitcoins with it.
Best Platform to Convert Steam Cards to Bitcoin 2025
- Prestmit
Prestmit is a gift card trading platform that allows you to trade your Steam card directly into Bitcoin. It is user-friendly, has low trading fees, and offers fast, responsive, and professional customer service. This app is available to Android and Apple users in their respective stores.
- Paxful
Paxful is another trading gift card app in Nigeria. It has a P2P market where you can trade your Steam gift card for bitcoins with other vendors. With Paxful, you get no trading fees, secure transactions, and a Bitcoin wallet address. Get started by downloading the app from the Google Play store or the Apple store, sign up, and start trading. Apply caution during trades because you might see scammers on the p2p market.
- CoinCola
Coincola, like Prestmit, offers a way to sell your Steam directly for BTC. It also allows you to trade cash for crypto and gift cards and swap one crypto for another. CoinCola has a P2P market where you can trade your cards and crypto too. It is available at the Google Play store or the Apple store.
Why Convert Steam Gift Cards to Bitcoin
There are good reasons to convert your Steam cards to Bitcoin
- Liquidity: Bitcoin is stronger in terms of liquidity and is versatile because you can use it for all types of transactions, but Steam cards are only used for Steam purchases.
- Potential: Unlike Steam cards with a fixed value that is spent only within its platform, Bitcoin’s value rises over time, giving you more money that can be spent anywhere.
- Resale value: Bitcoin has a better resell value than a Steam gift card during an exchange. This is because each Steam card has a fixed price.
- Extra source of income: Converting your Steam card for bitcoins is a good idea for non-gamers or those looking for passive income.
- Borderless: Bitcoin transactions are simpler than fiat transactions because they do not involve the complexity of transactions with traditional currencies during gift card trading.
- Stems inflation: Bitcoin helps tackle inflation by reducing the volatility of gift card prices, thereby reducing the impact of inflation on trades, especially when the price is bullish.
- Anonymity: Bitcoin keeps your identity hidden and secure when you transact with it.
- Loss management: During times of loss and low sales, converting your Steam cards to Bitcoin will help you manage your losses, as you can still make a profit in times of no sales.
Converting Steam Cards to Bitcoin: Key Tips
These are things you should know before or when swapping your Steam cards for Bitcoin.
- Trade with reputable websites and apps and avoid using untrustworthy websites.
- Check out the user ratings, reviews, and transaction history. Trade with reliable buyers and sellers.
- Use platforms with the Escrow service that keeps Bitcoin until the buyer confirms the validity of the gift card code.
- Before you carry on with the transaction, double-check your Bitcoin wallet address.
- Vendors who rush you into exchanges, offer unreasonably low prices or ask for gift card numbers are scammers. Avoid them.
- Understand a platform’s policies, dispute resolution process, and terms and conditions.
- Before you start the swap, double-check that your Gift Card is valid, unused, and has the correct balance.
- Check the gift card and Bitcoin rates from several platforms and go with what you can afford.
- Never disclose your gift card codes or personal information outside of secure channels.
- Check for hidden fees to make sure you get exactly what you paid for.
Conclusion
In summary, converting your Steam card to Bitcoin is worth it because the benefits outweigh the risks. But in doing so, you must put necessary measures in place to avoid losing your bitcoins, card, or money in the process. Use trusted platforms or trade with reliable vendors. Stay away from enticing deals and check rates before trading. When done right, you have nothing to worry about.
