Sells prepaid virtual gift cards, and wireless refills 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 price needed to realize $500 worth of bitcoin. 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.
BTC Buy also started offering refills on prepaid wireless plans on April 25, 2012. It is now possible to purchase wireless refill PIN for the following cellphone providers:
- AT&T GoPhone
- Cricket PAYgo
- Page Plus Cellular
- Simple Mobile
- Virgin Mobile
Wireless refills generally do not carry commissions, and often are discounted.
The site was launched on June 8, 2011.