Depending on how involved you are within the crypto community, you may or may not have stumbled across the term crypto vouchers. Don’t worry! We have all your questions answered here, including the all-important one – what are Crypto vouchers?
Crypto Vouchers are a Crypto Buying Solution
Unless you’re a crypto enthusiast, buying crypto is a minefield and is not easy to do. Most exchanges or brokers will want you to make a fiat purchase of a cryptocurrency like Bitcoin and then allow trades thereafter for other currencies. Some currencies aren’t available on exchanges and must be bought in shady back alley type brokerages or from individuals that have mined them.
Making it worse, many people buy their first cryptocurrency without realising they need a wallet to store it. This major issue led to exchanges like Coinbase providing free crypto wallets. Even with the free wallets being handed out, thousands of investors weren’t using them and were keeping the funds in the exchange wallet (exchange account) and when those exchanges were getting hacked, they were being robbed blind.
Last, but certainly not least, buying crypto is a complete stab in the dark for most as to whether you’re getting a fair price and being charged a fair fee. I have heard from so many people that have purchased their first Bitcoin and been appalled at how much it cost to buy the currency.
Crypto vouchers are seeking to alleviate these problems with a simple buying solution.
How do Crypto Vouchers Work?
Crypto vouchers are, on a basic level, gift cards for cryptocurrency. You select the currency you want to buy and purchase a voucher for that amount. The purchase is made using the most convenient payment method for you and then you are emailed your voucher.
Voucher providers essentially offer the service of taking care of all the behind the scenes stuff and give you the same service you would expect when buying a gift card from Amazon or for iTunes.
They purchase the actual currency and store it in their wallets, the amount is then logged and you receive a crypto voucher. It means all you needed was the funds to buy the currency and an email address to receive your voucher.
Then, when you want to spend your voucher you can do so simply by using the full range of supported vendors or you can sell it back to the voucher provider for the current market rate. This functionality allows investors to move from stocks and shares to crypto markets without any of the aggravation previously associated with crypto. It opens up the crypto market to more investment streams.
For more information you can find out about cryptovouchers at cryptovoucher.io
Crypto vouchers represent a really promising way to simplify buying crypto and generating more money for crypto projects.
Read more about Cryptocurrency here – https://blog.exuodia.com/