\r\n\r\n<\/p>\r\n \r\n\r\n<\/p>\r\n \r\n\r\n<\/p>\r\n It\u2019s important to know who you\u2019re selling your gift card to – and here\u2019s why.<\/p>\r\n \r\n\r\n<\/p>\r\n Let\u2019s say you decide to sell an iTunes gift card. You reveal your card\u2019s passcode to a seller. What stops them from using the gift card, claiming you already used it yourself, and refusing to release your funds?<\/p>\r\n \r\n\r\n<\/p>\r\n If they\u2019re 100% anonymous, nothing. On the Internet, it\u2019s hard to prove what really happened – and difficult to track down fraudsters and criminals. That\u2019s why it\u2019s important to know who you\u2019re trading with.<\/p>\r\n \r\n\r\n<\/p>\r\n One thing to look for is a platform with KYC (Know Your Customer) processes built into it. If a vendor passes KYC or KYS (Know Your Seller), you\u2019ll be able to track them down and, for example, report them to the police. This keeps sellers honest and trading – fair.<\/p>\r\n \r\n\r\n<\/p>\r\n \r\n\r\n<\/p>\r\n \r\n\r\n<\/p>\r\n Gift cards aren\u2019t a readily liquid asset, i.e. they can\u2019t be used as money quickly and easily. Knowing this, many vendors offer low prices for gift cards – for example, just $40-50 for a card worth $100.<\/p>\r\n \r\n\r\n<\/p>\r\n In reality, the standard rate for a $100 gift card is about $60-$80. However, you can find far better rates – near or above face value – if you know where to look.<\/p>\r\n \r\n\r\n<\/p>\r\n For example, Chinese gift card buyers are often happy to overpay because they can\u2019t buy most Western gift cards. This makes platforms like CoinCola, which have Chinese buyers and sellers, a smart place to change your card for cash.<\/p>\r\n \r\n\r\n<\/p>\r\n \r\n\r\n<\/p>\r\n In some scenarios, it can take a buyer some time to process a payment. A national bank wire, for example, takes a day or two in Nigeria. Even a mobile wallet payment can take a few hours.<\/p>\r\n \r\n\r\n<\/p>\r\n One way to speed things up is by using a service like PayPal, but this comes with two problems. First, PayPal is pretty expensive (around 4.5% commission). Second, many vendors hate working with PayPal because their refund policy heavily favors buyers.<\/p>\r\n \r\n\r\n<\/p>\r\n Another solution is to use cryptocurrencies. These are fast, easy to work with, and convertible into any local currency, no matter where you happen to be.<\/p>\r\n \r\n\r\n<\/p>\r\n \r\n\r\n<\/p>\r\n A gift card isn\u2019t like a paper banknote or a digital bank transaction. Once someone uses a gift card, finding out where the money went can be extremely difficult. To prevent fraud and abuse, it\u2019s best to trade through a platform that secures your transaction.<\/p>\r\n \r\n\r\n<\/p>\r\n Of course, not just any platform will do. Two specific features you want to look out for are escrow<\/em> and dispute settlement<\/em>.<\/p>\r\n \r\n\r\n<\/p>\r\n \r\n\r\n<\/p>\r\n Escrow<\/em> means that once a trade is initiated, the counterparty\u2019s funds are frozen until both sides confirm the transaction was completed smoothly. Dispute settlement<\/em> means that if anything goes wrong, either side can appeal to a moderator for a neutral decision. Read more: How CoinCola Protects Your Assets?<\/a><\/p>\r\n \r\n\r\n<\/p>\r\n —<\/p>\r\n \r\n\r\n<\/p>\r\n If you want a platform that helps with all the above – KYC\/KYC checks, escrow functionality, settling disputes, and helping find optimal rates by connecting international customers – consider CoinCola.<\/p>\r\n \r\n\r\n<\/p>\r\n With over 100,000 monthly transactions, the platform is one of the most trusted OTC markets in the world. Another advantage is that they deal with crypto coins, which you can later easily convert into any local currency.<\/p>\r\n \r\n\r\n<\/p>\r\n To learn more or sign up now, go to www.coincola.com<\/a>.<\/p>\r\n \r\n\r\n<\/p>\r\n Twitter: https:\/\/twitter.com\/CoinCola_Global<\/a> Founded in 2016, CoinCola is a Hong Kong based company offering both over-the-counter<\/a> cryptocurrency trading and crypto-to-crypto pair trading exchange<\/a>. 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<\/a> to invest in digital assets.<\/p>\r\n 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.\u00a0<\/em><\/p>\r\n <\/p>\r\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":12,"featured_media":1656,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false},"categories":[87],"tags":[176],"yoast_head":"\n![\"Bitcoin](\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/05\/web-2.png\")
<\/a><\/p>\r\n1. Who are you selling to? <\/strong><\/h2>\r\n
![\"KYC](\"https:\/\/lh6.googleusercontent.com\/zOtDmvz3i4dcA_eLSDLl0Fhn-A1GVZMV-ApxbeyO7vP1IkctM8ElICO9ROTkCY3owGbwAFfMlHFE769Fsx7bWvtkL_QRgYW4UEnfZzyLeeSVdtaeZe6ZbCwvG4Jupm-rSwqyfiVv\")
2. What are the rates?<\/strong><\/h2>\r\n
![\"Gift](\"https:\/\/lh3.googleusercontent.com\/yqhvUxlK9G_OT_py3DnNlAfXtEeV1QPw15bq7NGAl5aBMum_OEHZ0OoyCeoZuG1oIWJkx1oW5xPBaSILN_Q3M7LfMaR7dx9inN5WWQjhvo31ZFW7zd4oqm4YtGWDz1IWHkT4JWOk\")
3. How fast will a buyer pay?<\/strong><\/h2>\r\n
4. Is your transaction secured?<\/strong><\/h2>\r\n
![\"Security](\"http:\/\/countryhillattorneys.com.ng\/wp-content\/uploads\/2017\/06\/Security.jpg\")
<\/figure>\r\n![\"sign](\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2018\/10\/sign-up-now-btn.png\")
<\/a><\/figure>\r\n<\/div>\r\nFollow CoinCola on Social Media<\/strong><\/h3>\r\n
Facebook: https:\/\/www.facebook.com\/CoinCola\/<\/a>
Instagram: https:\/\/www.instagram.com\/CoinCola\/<\/a>
LinkedIn: https:\/\/www.linkedin.com\/company\/coincola\/<\/a><\/p>\r\nAbout CoinCola<\/strong><\/h3>\r\n