Sells prepaid virtual gift cards in exchange for Bitcoins.
The brands of gift cards cards offered, also referred to as prepaid debit cards, are:
- Barnes & Noble
- Sears (also redeemable at Kmart and Lands' End)
- drugstore.com (also redeemable at Beauty.com, and VisionDirect.com)
The price offered on BTC Buy is based on last sale price on MtGox and TradeHill within last 30 minute period. Some cards have small surcharge (published on the site), some are sold at the current rate with no surcharge at all.
The site offers fast turnaround, with most orders filled within less than an hour, which makes it attractive to those who want to spend BTC without wait.
The site was launched on June 8, 2011.