Re: Buying Amazon Gift cards with BTC? Beware!

I never understood why would anybody sell thousands of giftcards at half of their value.

One of the main reasons for this is to buy Bitcoin anonymously. You can buy gift cards using cash and then use those cards to buy BTC without exposing your bank account or personal information to risk.

Sorry but I still don't get it

, probably because I\ve never dealt with them.

But you say that that gifts-card can be used to buy BTC anonymously, this being a main advantage of the users.
So, why would you sell those at such ridiculous discounts when there is demand for them?

I'm confused about the huge discount some seller advertise, not the actual usage.

Because the sellers take enormous risk taking these cards probably? Which is why there's a 30-50% markup rate incase the card is carded or later to be found invalid or in some other way "bad".

Which really doesn't make it a good way to anonymously buy bitcoin. Unless of course you don't care about paying a 50% premium.

But indeed, that doesn't explain why someone would sell the giftcard for 75% of their original value, and i actually rarely see reputable sellers selling these giftcards for less than 90% of it's value.