Having the option to convert crypto and gift cards into cash can be very convenient. There are a few platforms that you can use for these services. Prestmit is one streamlined solution for gift card conversions that is tailored for African users, emphasizing speed, security and zero fees.
In this review, we’ll dissect the features provided by Prestmit, focusing on its functions for converting crypto and gift cards into cash. How does it compare to other crypto off-ramps and gift card trading platforms? And should you sign up?
Key Takeaways
- Prestmit simplifies converting crypto and gift cards into cash, focusing on users in Nigeria and Ghana.
- It offers a user-friendly interface, zero transaction fees, and quick conversions to local currencies.
- Besides crypto and gift card transactions, Prestmit includes bill payments, airtime top-ups, and eSIM purchases.
- Prestmit supports over 50 types of gift cards, providing a secure platform for cashing them out.
- It is an ideal choice for users in Africa seeking a streamlined, fee-free digital trading solution.
Table of contents
What is Prestmit?
First, let’s get to grips with exactly what Prestmit is. It markets itself as ‘the best digital trading platform in Africa’ – focusing on enabling users to trade cryptocurrencies, gift cards and a few other digital assets (which we’ll explore later).
At its core, it’s an all-in-one app that automates the conversion of crypto holdings into local currencies like Naira and Cedis, or stablecoins like USDT, without the hassle of manual interventions.
Launched as a way of simplifying the slow, risky and confusing crypto-to-cash process, Prestmit boasts a user-friendly interface and eliminates technical jargon and intimidating charts, replacing them with easy instructions and intuitive buttons. It’s designed to take the complexity out of digital transactions, like gift card conversions.
In What Countries Can You Currently Use Prestmit?
Prestmit is not designed for global use. It’s geared towards African markets, with a strong emphasis on Nigeria and Ghana, where it has built a substantial and loyal user base.
Users in these countries can convert crypto and gift cards into local currencies such as Naira (for Nigerians) and Cedis (for Ghanaians). The platform can be used in other African regions, so anyone holding crypto on the continent can try it out, but only being able to cash out into Naira and Cedis may make it unsuitable.
You can use Prestmit to convert cryptocurrencies into USDT, which may provide some cross-border utility. Prestmit also allows users to purchase global eSIMs, which may appeal to some international users.
Why Use Prestmit for Turning Crypto into Cash?
Prestmit offers quick and free crypto cash-outs, which could have many benefits if you are a crypto holder.
Firstly, cryptocurrencies are known for their volatility. If you are worried that a cryptocurrency is about to plummet in value and you want to get out fast, Prestmit provides a quick conversion and withdrawal service so that you can reduce any losses. The app automates the process, rather than having to have transactions confirmed by a human – which can eliminate the delays and risks associated with traditional exchanges, putting the cash into your account in minutes.
The absence of transaction fees combined with the most favorable market rates also makes Prestmit a good choice for maximizing value when cashing out your assets. Traditional crypto exchanges often charge transaction fees. If you’re a freelancer who is earning most of your income in the form of crypto, this means having to pay money every time you want to access your earnings. A fee-free service like Prestmit could result in huge savings.
On top of this, Prestmit’s cashout feature is very easy to use. If you have limited experience with cryptocurrencies or exchanges, you’ll likely find Prestmit to be very straightforward, as it doesn’t have all the clutter that other exchange interfaces have.
Why Use Prestmit for Turning Gift Cards into Cash?
Gift cards can typically only be used at select stores – if this is a store that you rarely shop at, you may feel compelled to buy something you don’t actually want or need just to use the gift card. However, there is another solution, which is to convert the gift card into cash.
Prestmit provides a secure platform for doing just this. It supports over 50 types of gift cards – from popular brands like Amazon and iTunes to regional favorites. As with selling crypto, there are no transaction fees, so you get to enjoy the full value of the gift card. This has made Prestmit a popular platform for gift card flipping, making it possible to make money out of discounted gift cards bought elsewhere. Unlike some shady gift card selling services, Prestmit is also highly secure and trusted.
On top of this, it’s very easy to use. Most people will have no problem navigating the app and cashing out their gift card – especially as there are in-built tools for scanning cards so you don’t have to manually enter the code.
What Other Services are Available via Prestmit?
Beyond crypto and gift card conversions, Prestmit serves as a comprehensive digital wallet with an extensive suite of practical tools.
Users can pay bills directly through the app, sometimes with access to exclusive discounts. This includes energy bills and TV cable bills.
Airtime and data top-ups are also another handy feature. These are available at reduced rates for many major African networks. You also have the option to sell any airtime you don’t think you’ll need for some extra quick cash.
You can also buy eSIMs through Prestmit for traveling without roaming charges. If you travel a lot, this could be a tool that comes in use.
It’s worth noting that you can also buy cryptocurrencies through Prestmit on top of selling them. The platform does only offer a limited number of cryptocurrencies to purchase, however this includes all the most popular options. You can similarly buy gift cards for a diverse range of brands via Prestmit.
Should You Use Prestmit for Crypto and Gift Card Conversions?
Yes – if you are based in Africa, particularly Nigeria or Ghana, Prestmit is a top choice if you need to cash out crypto or gift cards. Its lack of transaction fees and quick transfers make it better than other platforms of its kind. The fact that it is very user-friendly also makes it convenient for first-time and experienced traders alike. On top of this, it’s a very secure and trusted platform. It may potentially have limitations for those wanting to trade lesser-known cryptocurrencies or convert cash into other African currencies but is otherwise a highly streamlined platform for enabling crypto and gift card conversions, and many other digital transactions.
