The potential revolution of blockchain and its associated digital currencies will be further enhanced when the utilities of these nascent currencies are expanded. Coinsbee is one of the emerging startups bringing these utilities to cryptocurrency holders around the world.
The Coinsbee platform offers digital gift cards and recharges that can be purchased anywhere in the world using cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), and a host of other altcoins. Coinsbee uses Bitcoin and Lightning Network technology to provide a secure and private user experience with fast digital delivery anywhere in the world.
Through the Coinsbee platform, any crypto holder can buy gift cards, payment cards, or mobile phone top-ups from more than 500 brands in over 165 countries. There is no censorship on the platform, however, identity and address verification may be required for certain transaction thresholds. From an amount of €1.000 users are required to submit their personal data.
From a payment of more than €10.000 per day a verification by identity card is necessary, and from a payment of more than €15.000, a verification by identity card and an address comparison becomes necessary. The upload process is simple, approval takes 24 hours and falsified documents can lead to a ban from using the platform for further purchases.
This are based on regional requirements, however, the process only requires a few clicks.
How the Coinsbee Platform Work
Getting started with the Coinsbee platform only takes four basic steps. These are described below;
- Choosing your Product: users can browse through the vast array of products on the Coinsbee platform to choose which they will like to purchase. As noted earlier, the platform supports over 500 brands around the world.
- Select the Gift Card Amount and Cryptocurrency: Once users have selected their preferred product, they can then proceed to choose the gift card amount they want, their country of residence country, and the cryptocurrency they want to use to fund the payment. There are as many as 50 different cryptocurrencies supported and available to choose from.
- Payment Using the Chosen Crypto: Following the previous steps, users can now go to the shopping cart and proceed to the checkout. There are ‘Terms and Conditions’ that must be agreed to before proceeding. Once the right boxes are checked, users can then click on “buy now with cryptocurrencies.”
- Gift Card Receipt: Once the previous step has been successfully done, the voucher code will be sent to the user via e-mail immediately the payment is cleared. The voucher code is valid as soon as it is received and can be redeemed. For some products, Coinsbee sends users a link to the giftcard code.
It is essential to always check the spam or junk folder as some of the emails may be sent there. The gift cards and the other products on offer including e-commerce vouchers, game credits, and payment cards are usable in almost all countries save, unique regional restrictions.
Other Functional Platform Features
As a platform that caters to users holding a unique asset class-crypto, the Coinsbee platform offers a number of resources to aid anyone looking to leverage its products. The platform features a Cryptopedia page to give exposure on various crypto subjects. The platform has a dedicated customer support that can be contacted should the FAQs page not feature any question users may have.
The platform has a unique design and has integrated support for about 6 languages.