Crypto-to-Cash Conversions and Gift Card Cashouts in Africa

As cryptocurrencies like Bitcoin and USDT become ever more popular, there’s becoming a growing need to bridge the gap between virtual assets and real world spending. 

Enter Prestmit – Africa’s solution to simplifying crypto conversions and gift card redemptions. It markets itself as ‘the best digital trading platform in Africa’. Does it live up to this claim? In this review, we’ll take a deeper look.

What are the benefits of crypto-to-cash conversions?

Africa’s digital economy is currently booming. Recent reports show that millions of people in Nigeria and Ghana are taking up freelance work on platforms like Upwork and Fiverr – and are often getting paid in crypto.

While crypto has its uses as a digital currency online, it’s of no practical use when paying for many everyday things. Being able to convert crypto into a local currency is therefore necessary, but it’s not always easy. Traditional exchanges typically charge high fees and have long wait times. And there are security risks too.

This is where Prestmit comes in handy. It’s built to make crypto-to-cash conversions fast and easy – you set up an account, choose the cryptocurrency you want to sell, send it to the wallet address provided and then receive payment in Nigerian Naira or Ghanaian Cedi in minutes. 

What makes Presmit better than other crypto-to-cash converters?

Presmit stands out because it currently charges no transaction fees. This is fantastic if you’re a freelancer looking to cash out your earnings, because it means you get to keep all of your hard earned cash for yourself instead of having to share it with an exchange. 

Another standout feature of Presmit is that it is truly fast. Instead of having to wait for someone to manually approve the transaction, it’s all automated for speed – which is excellent for those instances when you might need your money in a hurry.

All the major cryptocurrencies are supported, which are likely to be the ones most freelancers get paid in. For slightly more obscure cryptocurrencies however, you may have no choice but to try another exchange. 

What are the benefits of gift card cashouts?

Another key feature of Prestmit is its gift card cashout tool. Gift cards for certain western stores may not be possible to use across Africa. Fortunately, this money doesn’t have to go to waste thanks to gift card cashout services that convert these cards into cash.

Not only is this useful for gifts, but it can also be a smart side hustle – there are many places where you can buy discounted gift cards, which can then be converted into cash for profit using Prestmit. 

Why choose Prestmit for gift card cashouts?

Prestmit provides a secure and trusted alternative to using shady social media groups for gift card cashouts where scams have become rife. As with converting crypto into cash, this platform automates the whole process.

The platform accepts gift cards for 50+ stores. There is also the option to buy gift cards for a huge range of brands too. You can browse the website to see the options for yourself. 

What other features does Prestmit offer?

While buying/selling crypto and gift cards is Prestmit’s main feature, it also offers a few other useful services. This includes:

• Buying/selling airtime: You can top up mobile credits or sell unused mobile credits to others as a way to make some extra cash.
• Buying cheap data: You can also buy discounted data for your phone through Prestmit.
• Topping up betting accounts: Prestmit also allows users to add funds to betting accounts. 
• Paying electricity bills: You can also pay your electricity bills directly through this platform.
• Getting e-sims: It’s also possible to buy digital sims for use in other countries. 

On top of this, the platform has tools for getting promo codes and checking gift card rates. It’s an impressive marketplace for all kinds of digital transactions, providing lots of quick ways to make cash.

How easy is Prestmit to use?

Prestmit boasts a very clean and user-friendly interface. When using the website, there are drop down menus for ‘Crypto’ and ‘Gift Cards’ to allow you to instantly get to where you need. The app meanwhile has easy to navigate buttons.

Signing up to Prestmit is also straightforward and free. It’s not like some other exchanges, where you have to complete multiple forms of information to create an account. You can even buy e-sims without having to sign up. 

You can find the app on all major app stores or simply visit the Prestmit website on any device. 

Are there any disadvantages to using Prestmit?

While individuals can sign up to Prestmit from around the world, the platform currently only allows users to convert crypto into limited currencies – Naira and Cedis. If you want to convert crypto into other world currencies like US dollars or Euros, you will need to use another platform. 

There are also limited cryptocurrencies that you can sell through this platform. Other cryptocurrency exchanges are better suited to those that want to trade rarer cryptocurrencies. For beginners looking to get into crypto ownership, Prestmit could however be a good choice of platform for purchasing some of the more common cryptocurrencies.

Should you use Prestmit?

If you’re a freelancer in Nigeria or Ghana and you regularly get paid in crypto, Prestmit could be the perfect tool for converting crypto into cash – it’s one of the fastest platforms out there and there are no fees, allowing you to cash out your crypto quickly and cheaply. 

If you regularly receive gift cards that you’re unable to use, Prestmit is also an excellent solution for cashing these out. It’s also an excellent platform to use if you want to turn selling gift cards into a side hustle.

All in all, Prestmit’s convenience makes it one of the best tools of its kind when it comes to cashing out common digital assets ranging from Bitcoin to airtime. Plus you can buy crypto, gift cards, airtime and more through here, giving it many handy uses worth exploring.