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How To Purchase Products From Amazon Using Bitcoins & Sa…

Whenever I talk about Bitcoin, one of the most common questions I get asked is:

In 2017, there are plenty of ways you can use Bitcoin.

You can use it to buy things (like you would with “traditional” money), and you can use it to make money (i.e. investing).

Today, I’m sharing a detailed tutorial that will help you to purchase products from Amazon using bitcoins & also help you save up to 25%.

You can do this with Purse.io.

Purse is a popular tool used for many things:

  • Exchange Amazon gift cards for bitcoins.
  • Purchase products from Amazon using bitcoins.
  • Get discounts on purchases from Amazon.

In the past, I have used Purse.io to earn bitcoins in exchange for Amazon gift cards.

In this tutorial, I will show you how to use Purse to order any product from Amazon & save money. The only thing that you need to have with you are your bitcoins. If you don’t own bitcoins yet, you can purchase them from one of these places:

You can also buy bitcoins anonymously using Localbitcoins. (Here is a tutorial on how to do that.)

Backstory 

Before we move to the serious part (the tutorial), let me quickly share a story about my phone.

I was using a OnePlus 3 phone for the past few months, and I was pretty happy with the overall performance & value for the money.

During the 2nd week of January 2017, I visited the USA to give a talk at Affiliate Summit West. Well, at LAX (the Los Angeles airport) I got pick-pocketed! Luckily, the only thing that I lost was my phone. I used Android Remote Manager and deleted all the sensitive data.

However, I still needed another phone. So, instead of directly buying one, I decided to order a new phone using Purse.io (and save myself a significant amount of money). I’m creating this tutorial as I purchase this new phone. I’m making this guide so that in the future, you can also save money with this method.

For this tutorial, I’ll be putting in an order for a new OnePlus 3T mobile phone which retails for INR 29,999 ($440).

How To Save Money On ALL Amazon Purchases Using Bitcoins:

If you haven’t yet created an account on Purse, go ahead and create one right now.

What I like about them is they are user-friendly for first-timers, and they’re very active on social media.

Make sure you verify your account using Google Plus or Facebook for an additional 10% to 15% discount.

  • Note: After your first successful transaction, you can get a discount of up to 33%.

A little more about Purse: Purse is an escrow service that connects Amazon gift card holders with users who want to purchase stuff on Amazon. In a majority of cases, users with unused Amazon gift vouchers want to get rid of their cards & Purse offers them a great opportunity to exchange them for bitcoins. To offer this service, Purse uses the “Wish List” feature of Amazon.

In their own words:

“Amazon gift cards are uniquely abundant and illiquid, which has led to insane demand to liquidate these cards even at premiums of 15-25%, and Purse is the only path to liquidity. Shoppers spend bitcoins for products and Earners trade Amazon gift cards for bitcoins. Purse acts as the escrow agent (or trusted third party) and verifies purchases, shipments and deliveries. Bitcoin is required for these transactions, because credit cards and PayPal are incompatible with Purse’s blockchain escrows. All payments on Purse are escrowed (or held with a trusted third party) providing protection for consumers as the merchants are not paid until the products arrive.”

This solves two purposes:

  • Amazon gift card holders get something of value for their unwanted gift cards.
  • Buyers get to purchase stuff at discounted prices from Amazon.