How to buy Bitcoin in Walmart?

Estimated reading time: 9 minutes

What if you had an option of putting those Walmart gift cards to use in buying Bitcoin? Buying bitcoins has never been this easy and secure. You are wondering how to buy a Bitcoin at Walmart? Well, let us give you a detailed insight.

Summary

  • Walmart does not sell bitcoins at their store. However, you can get one from a Peer to Peer trading platform.
  • To begin with, when buying bitcoin at Walmart, you need a digital Cryptocurrency wallet.
  • Then choosing the best peer-to-peer cryptocurrency platform is very important.
  • You then choose a seller from one of these platforms who is ready to accept payment through Walmart.
  • You then transfer the funds to account details provided by the seller from Walmart.
  • On accepting payment, the seller releases the Bitcoin on the exchange platform.
  • Walmart charges a significant transaction fee depending upon the amount transferred.
  • The security depends upon Walmart as well as the exchange platform.
  • There are many scammers on these websites, so beware of scammers.

How to buy Bitcoin in Walmart?

Although Walmart sells almost everything, they don’t specifically sell cryptocurrencies as of yet. However, there are ways of purchasing cryptocurrency through Walmart.

Walmart Gift Card
Walmart Gift Card

To say it briefly, you can use the Walmart gift cards or deposit cash in your Walmart wallet. Then use it to purchase a bitcoin.

The first thing you need to do is setting up a cryptocurrency wallet because that is where you’re going to receive your bitcoin.

Setting up a cryptocurrency wallet

A cryptocurrency wallet stores your digital assets and prevents them from being stolen by hackers. Online crypto wallets are available at ease on the internet, but finding the right one for you is a tedious task.

Let us help you out by listing the best five digital cryptocurrency wallets

  • Exodus wallet: They are one of the best crypto wallets and offer its users mobile, desktop, and hardware wallets.
  • Nimiq Safe wallet: It is a decentralized and censorship independent peer-to-peer payment protocol aimed to achieve mass adoption.
  • Coinbase wallet: Coinbase offers a rich user interface and supports a wide range of cryptocurrencies.
  • Blockchain.com Wallet: It comes with an open-source API so that you can customize it as per your needs.
  • Electrum wallet: It is one of the oldest and most respected lightweight bitcoin wallets in the market.

Procedure to set up any of these wallets

Coinbase wallet
Coinbase wallet

Setting up one of these wallets is very simple. Let’s have a look at the steps to do so:

  • First, visit one of the websites above and click on the signup link on their home screen.
  • Then fill in all the necessary details and confirm your account.
  • Enable all the security options like two-factor authentication.

Since now your account is set up, let’s begin the procedure of buying the bitcoin.

Buying bitcoin at Walmart

To get your hands on bitcoins, you need a seller who accepts payments through Walmart. The best way to trade bitcoins through Walmart is if you know someone who’s personally willing to do so.

However, if you wish to find someone online, who can make this exchange with you, various websites provide this service.

Searching for best peer to peer trading websites offering Walmart exchanges

There are major cryptocurrency exchanges helping sellers reach buyers and vice versa. Some of them are:

Binance Exchange
Binance Exchange
  • LocalBitcoins: It is the oldest P2P exchange platform and uses Escrow to protect user’s assets. Read our guide on LocalBitcoins here.
  • Paxful: They offer the lowest rates in Peer-to-Peer transactions among their users and provide various payment options.
  • Binance P2P: Binance being the largest crypto trading platform in the world, it is no shock they offer P2P services as well. However, Binance does not give you an option to pay with Walmart, yet you can talk it out with the seller.

Signing up to one of these platforms:

It is simple setting up your profile on these websites, and all they require are some necessary details. However, let’s see the procedures to create an account on Paxful:

Paxful
Paxful
  1. Visit Paxful.com and click on the create account button on the home page.
  2. Now enter your details like email and password. Then complete your account verification through mail on the email ID you provided.
  3. Now, you’re all set up. Yet, it is recommended to verify all of your details for better deals as well as better security.

After you’ve successfully logged in to one of these websites, you need to find a seller for yourself. Choose the seller that fits your needs the best and confirm the Walmart payment method.

Walmart 2 Walmart

Walmart provides you with an opportunity to send and receive cash from one Walmart location to another Walmart location anywhere in the USA and Puerto Rico.

walmart 2 walmart