As cryptocurrency users and HODLers, we all know that cryptocurrency is here to stay and has a real shot of becoming the new predominant form of money. However, we’re not quite there yet, and the adoption of cryptocurrencies still has a long way to go – it can be very difficult to find retailers that accept cryptocurrency payments. This doesn’t mean that cryptocurrency users are out of options, as different companies have stepped in to make life a lot easier for everyone that prefers to transact with crypto.
In this article, we’ll be covering Coinsbee, a service that allows users to easily spend their cryptocurrencies to buy goods and services that we use every day. Coinsbee offers gift cards, game credits, as well as mobile phone and payment card top ups.
Coinsbee is a Germany-based company that was initially launched in September of 2019. Following its launch, Coinsbee continued to upgrade the platform, introducing support for multiple languages, re-designing its shop and implementing top-ups for prepaid mobile phone plans.
Coinsbee offers gift cards and vouchers for gaming, e-commerce and more
Coinsbee makes sure to cover as much ground as possible, and currently supports more than 500 brands that can be accessed in a total of 165 countries.
Coinsbee is especially suitable for gaming fans, as the store has a very strong selection of vouchers in the gaming category. Gift cards for leading gaming platforms like Steam, the Playstation Store, Nintendo and Google Play are all available for purchase with cryptocurrency.
The platform also offers vouchers to top up various online payment accounts, including prepaid virtual Mastercard cards, Neosurf cash vouchers, as well as Skrill and AdvCash gift cards.
For prepaid mobile phone top-ups, Coinsbee offers a truly huge selection. Some providers will also periodically run promotions where you’ll be able to get more bang for your buck (or bit). Depending on the provider, the bonuses can go up to 50% or even more.
For a full list of the supported products, you can check out the Coinsbee shop. When browsing the Coinsbee shop, you can browse and filter through products by category (for example gaming or e-commerce), or by country. If you already know what you’re looking for, you can just use the search bar and see if the product is available for purchase in your country.
After purchasing a gift card or top-up through Coinsbee, you’ll receive them to the email address you’ve provided.
Coinsbee will only request personal information from users who make a payment worth over €1,000. Users who make a payment of more than €10,000 will have to pass a verification with their identity card, while users who cross the €15,000 threshold will also have to provide proof of address.
Large selection of cryptocurrencies
Coinsbee is not just limited to Bitcoin, but also supports more than 50 other popular cryptocurrencies. This way, altcoin fans can benefit from the company’s services as well. Here are a few examples of the cryptocurrencies that are supported by Coinsbee:
As we can see, the selection of cryptocurrencies supported by Coinsbee covers both coins with a large market cap as well as smaller cryptocurrencies.
Lightning Network support
Lightning Network is a layer 2 technology that allows users to send Bitcoin transactions between each other almost instantly and at very low costs. Coinsbee has integrated Lightning Network support into its platform, allowing for extremely quick payments that make the user experience a breeze. During checkout, users can select Lightning Network as a payment option, and they will receive instructions on how to complete the payment.
Lightning Network support is actually quite a rare feature among cryptocurrency businesses, so Coinsbee definitely did well here to distinguish itself from the competition.
Coinsbee can provide great utility if you hold crypto and would like to spend it in everyday scenarios. The platform is easy to use, and offers a huge selection of gift cards and vouchers, so you’re likely to find exactly what you’re looking for. Coinsbee’s range of supported cryptocurrencies is large enough to make the platform suitable for practically all cryptocurrency holders.
Gift cards can provide more privacy for online payments compared to paying with your credit card, and this is an especially important consideration for cryptocurrency fans, who tend to be privacy-conscious.
Coinsbee can also be a option if you’re looking to buy a gift for someone in your life, but aren’t quite sure what to get them – nobody will be disappointed with a gift card for a service that they enjoy using on a regular basis. If you’re planning on giving a gift card to someone else, Coinsbee has created a simple tool which allows you to create a customized gift card.
If you’re a cryptocurrency user who’s in the market for gift cards and vouchers, Coinsbee is definitely worth checking out.
Edward is a finance expert that experienced the 2007 stock market crash first hand. In 2010, he discovered Bitcoin and has been a cryptocurrency advocate ever since.