I was looking at paxful and I can see a lot of people do this, but my question is how do the ones with a lot of volume get the money back into bitcoin, I mean you cant use 100 itunes cards and 50 amazon cards a day, you have to be able to replenesh your bitcoin sooner or later. Is this a trade secret or am I just not able to figure it out
Aren't they buying
and selling? They probably sell BTC for gift cards at
x% discount, buy BTC with gift cards at
y% discount, and their profit is
y-
x.
There are several gift card reselling sites out there like GiftCardGranny and Raise.com. I'm not sure if the rates are worth it or not, but that's another way to liquidate them as well.