A leading Peer-to-peer（P2P）crypto platform, Paxful, recently announced to shut down its operations.

Ray Youssef, the co-founder and Chief Executive Officer, posted a blog on 5th, April, he said, “Today, Paxful will be suspending its marketplace. We are not sure if it will come back.”

He also explained this decision was made due to some key staff departures and regulatory challenges.

Paxful has had a huge impact on the cryptocurrency market in Africa, but after it’s shutting down, it has undoubtedly had a significant negative impact on Nigeria's cryptocurrency industry, with many Nigerians now looking for alternative platforms while also worrying about the security of their digital assets.

Ray’s recommendation is Noones platform. In this article, we selected some other trustworthy platforms for gift card or cryptocurrency transactions.

Platform options for gift card trading in Nigeria

In Nigeria, some online platforms allow individuals to convert their gift cards into cash or other digital assets. These platforms offer services that sell gift cards with a high rate to obtain cash or cryptocurrency.

We have selected some trustworthy trading platforms that allow you to trade gift cards or cryptocurrency freely according to your needs.

1. NOSH

NOSH has a user-friendly interface design and is easy to navigate. The platform offers a wide range of services to choose, allowing you to use Naira to buy airtime time, data, gift cards, and electricity tokens, making it easier for Nigerians to access and purchase those different services, which are also NOSH's featured trading business categories.

On NOSH, you can buy cheaper gift cards that support over 120 countries, but the platform may have gift card scam situation.

2. Tbay

Tbay is a platform that focuses on gift card trading. The platform pays particular attention to security issues and uses various security measures to protect user accounts and transactions, including two-factor authentication, strict supervision of gift card vendors, encrypted data storage, and efficient dispute resolution services.

Unlike other websites, Tbay and Paxful are similar in that they are peer-to-peer trading, and employ supervisory management to ensure safety transaction for both gift card buyers and sellers. The entry threshold for gift card vendors and the management is stricter than Paxful, which makes transactions safer.

Moreover, Tbay offers the best exchange rate for gift cards in Nigeria, especially for popular gift card types such as Apple gift card, Google Play gift card, American Express gift card, Steam gift card, Razer Gold gift card. However, the platform's shortcomings are that it does not support some niche gift card types, such as Game Stop gift card, Play Station gift card.

3. Patricia

On the Patricia, you can trade gift cards and cryptocurrency freely. The platform supports various payment methods, including bank transfers, credit and debit cards, gift cards, and digital wallets. This allows users to easily buy and sell Bitcoin using their preferred payment method.

The unique feature of this app is that it provides a peer-to-peer feature that allows buyers to confirm the legitimacy of the cryptocurrency they are offering. In addition, it allows sellers to receive payment before transferring the cryptocurrency amount. Some related comments show that the platform's withdrawal speed is extremely slow, and customer service often without any customer service respond.

Conclusion

Now that you know the related gift card trading platforms, selling gift cards freely and exchanging them for cash or cryptocurrency is undoubtedly a perfect way to increase your assets.

If you have various unused gift cards and want to earn more income, given the security of platform trading, then based on comprehensive comparison, Tbay is your best choice. According to relevant media reports, the platform has been committed to safeguarding user interests and will impose severe punishment on gift card vendors who violate the rules. Additionally, according to the real-time gift card exchange rate statistics of various platforms, Tbay has the highest average price among popular gift card types, making it the most worthwhile platform for trading.



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I've heard a lot of good reviews about Paxful and their wide selection of giftcards but had anyone used both Paxful and BuySellVouchers.com and can compare both of them?