Cashless transactions and payments are getting mainstream today. And at the forefront of that is cryptocurrency. The use of crypto, such as Bitcoin and Etherium, is expanding at a fast pace and it brings along a wide array of financial implications. For instance, companies and businesses have started looking into cryptocurrency as a means of payment for goods and services.
For people who are looking for alternatives to convert their currency into bitcoin or any other cryptocurrency, CoinCola is one of the better platforms to use.
CoinCola, one of the best OTC bitcoin trading platform, is a Hong-Kong based company established in 2016. They provide a secured platform where people can exchange their currency into bitcoin. CoinCola uses both P2P (peer-to-peer) and OTC (over-the-counter) transactions and provides a fast and secure payment between traders.
Recently, CoinCola has opened up its services to Nigeria. Nigeria is one of the countries where the use of bitcoin currency proved to be more efficient as a means of payment for goods and services. Naira can be used to buy bitcoin in Nigeria. Bank charges became unreasonably high due to financial system problems. This made the choice to buy bitcoin in Nigeria more appealing for profit.
Perks of Using CoinCola
There are several reasons why this should be your platform of choice when it comes to cryptocurrency transactions.
Low transaction fees
Using CoinCola services for buying and selling bitcoin is free. Traders will only be charged if they post advertisements and trade completion. It incurs a 0.7% fee for successful trades.
Fast and Secure
Doing transactions in CoinCola is fast and secure because of their P2P and OTC methods. CoinCola includes bank-level encryption and escrow payments to protect buyers from potential hacks.
Has Support for Multiple Cryptocurrencies
Some of the currencies supported by CoinCola include bitcoin (BTC), Ethereum (ETH), bitcoin cash (BCH), and many more. They also support crypto-to-crypto tradings with other cryptocurrencies.
Multiple Payment Options
CoinCola has multiple payment options to buy bitcoin. These include Paypal, Western Union, Bank Transfer, and local FIAT currency, to name a few. You can also buy bitcoin with gift cards as well.
China’s Bitcoin Crackdown
Last June of 2019, the People’s Bank of China issued a statement that bans access to all forms of cryptocurrency. The National Internet Finance Association of China has identified cryptocurrency as a tool used in illegal activities such as drug trafficking, and financial fraud. Because of this, investors and backers of virtual currencies had lost their profit even before they have gained back their capital.
Despite the ban on the use of cryptocurrency, China is still flourishing in bitcoin trading. Traders are using alternative ways such as peer-to-peer (P2P) exchanges and over-the-counter (OTC). Aside from using bank transfers, Alipay, and WeChat pay, traders can also use gift cards to buy bitcoin. Gift cards are prepaid-stored money card that can be used as an alternative to cash for purchases. Gift cards proved to be important because of China’s increased preference for online transactions.
With CoinCola’s support to buy bitcoin with a gift card, it provides Chinese traders another means to buy and sell bitcoin. To fully utilize CoinCola’s gift card feature, traders should familiarize themselves with which gift cards proved to be in demand. Here are some of the popular gift cards with high resale value.
Amazon Gift Card
Being one of the biggest companies in the world, Amazon’s gift cards are also one of the popular coveted gift cards. When reselling Amazon gift cards, it can go up to as high as 80%-92% face value return.
iTunes Gift Card
Apple is also a popular company. With around 1.4 Billion users worldwide, a lot of people also go for iTunes gift cards to enjoy Apple’s services. Reselling of the gift cards can get you around 83% of face value, depending on the gift card amount.
Play Store Gift Card
Almost on the same boat with Apple users, Google Android has around one billion smartphone users in the world. Because of the high user-rate, Play Store gift cards can go from $72 to around $85 value on resale.
Steam Gift Cards
Steam is the most popular gaming network in the world. With its popularity, the resale value of Steam cards is almost on par with Google Play Store.
Being the world’s most popular streaming site, Netflix gift cards have become super in demand over time. A resale of their gift cards can give $80-$90 face value.
With the restriction of using cryptocurrency in China, traders and investors have resorted to alternative means to conduct bitcoin trading. Using CoinCola, one of the best OTC bitcoin trading platform is the safest option to use. CoinCola uses both P2P and OTC options for transactions. Not only does it support bank transfers and other payment options, but CoinCola also uses gift cards as a means to buy bitcoins. With its fast and secure system, multiple cryptocurrency support, and flexible payment options, CoinCola proves to be the best alternative option for bitcoin trading.
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