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What to Do With Useless Gift Cards in Nigeria?

May 15, 2019

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What to Do With Useless Gift Cards in Nigeria?

If you live or are traveling in Nigeria, you may find that your gift card can’t do much. For example, how much value $20 Amazon gift card that barely covers shipping to the African nation? That’s right; not much at all.

The good news is that you can convert virtually any gift card, no matter how big or small, into money or an item you need. To help you do just that, here are 5 things you can do with useless gift cards in Nigeria.

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1. Sell to Gift Card Buyers Online

In Nigeria, you can trade gift cards using a service like Cardnosh. Commonly accepted currencies include the Nigerian Naira and Chinese RMB. Commissions can get high – it’s not uncommon to get 50% of your gift card’s value – but there’s almost always demand.

One problem with services like these is that work best for Nigerian residents. The reason is that transfers are made using internal bank transfers or national digital payment services. If you want to get money wired abroad, it’ll cost you both time and money.

On the plus side, you can use Cardnosh from your instant messenger. Their website lists a WhatsApp number you can use to sell gift cards, and if you don’t mind the service’s limitations, you can exchange your card for cash quickly and easily this way.

2. Bartering

If you visit a website like Patricia.com.ng, you’ll find that many sellers offer to barter gift cards for other products. This can be a convenient option if you live in Nigeria or want something that another seller is offering.

Items you can barter for range from other gift cards to bags of rice and even bicycles. Not the most practical way to use a gift card – but if you have no use for cash or don’t want to settle for less than face value, it’s a viable option.

3. Donating to charity

There are 2 ways to use gift cards to donate to charity. First, you can donate a gift card directly to a charity after making sure they’re going to accept it. This is especially relevant if you have a gift card they can use effectively, e.g. a kids’ store gift card for a UNICEF branch.

Something else you can do is donate items bought using gift cards. This works well with large e-commerce sites like Amazon, where you can find many items that are both valuable and commonly accepted by charities.

4. Giving your card to friends and family

In some places, re-gifting a gift card is a social taboo. In others, it’s acceptable and normal. If you feel comfortable with the idea, you’ll likely find someone you know is very grateful to receive your gift card.

5. Exchanging your card for crypto coins

The last thing you can do with a crypto card is exchange it for a cryptocoin like Bitcoin or Ethereum. This strategy has a number of advantages. First, you can then immediately exchange your coins for cash or store them in hopes of them gaining value.

Second, you don’t have to wait to get a crypto coin. They’re purely digital, so you get them instantly – and if you do convert them into money, you don’t have to choose between the Nigerian Naira and Chinese RMB.

Another advantage of this strategy is that you can easily exchange gift cards for crypto when you’re outside Nigeria. No local bank account or digital wallet is necessary, so you can execute trades no matter where you are.

If trading gift cards for crypto coins like something you may want to do, why not check out CoinCola? We process over 100,000 transactions each month and work with vendors from all over the world, offering superior exchange rates for gift cards.

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Founded in 2016, CoinCola is a Hong Kong based company offering both over-the-counter cryptocurrency trading and crypto-to-crypto pair trading exchange. CoinCola now serves millions of users from over 150 countries with our fast, secure, and reliable trading services. We support BTC, ETH, BCH, LTC, USDT, DASH, and XRP. Visit www.coincola.com to invest in digital assets.

Disclaimer: Trading and investing in cryptocurrencies, also called digital currencies, crypto assets, and so on) involves substantial risk of loss. All informations are used at your own risk, and any content on this site should not be relied upon as advice or construed as providing recommendation of any kind.