This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:14:58
The YouTube video explains the process of selling various gift cards on the Redeem platform, such as Amazon, Google Play, Xbox, iTunes, eBay, and Steam wallet. The speaker details how to set selling rates, post offers, and withdraw earnings through various methods, including crediting Redeem funds or transferring to a Bitcoin wallet. They emphasize two-factor authentication for security. Additionally, the video covers converting Bitcoin to Naira and transferring funds to a bank account. Overall, the tutorial provides practical guidance for selling gift cards, withdrawing earnings, and dealing with cryptocurrencies on the Redeem platform.
00:00:00
In this segment of the video, the speaker explains how to sell various gift cards on the Redeem platform, such as Amazon, Google Play, Xbox, iTunes, eBay, and Steam wallet. The process involves visiting the platform, creating an account, selecting the gift card to sell, setting the selling rate (between $40 and $94 for a $50 Amazon gift card), and finally posting the offer on the platform for potential buyers. The video serves as a continuation from a previous video that discussed the advantages of using gift cards for shopping and demonstrated how to buy gift cards on the Redeem platform. The speaker encourages viewers to subscribe to the channel for more informative content.
00:03:00
In this segment of the video, the speaker discusses setting the rate for selling a gift card on the platform. They explain that for a $50 Amazon gift card with a 20% discount, the seller will receive $39.50. The seller chooses a rate of $79 to offer a 21% discount to potential buyers. They mention that the platform does not currently charge transaction fees due to the pandemic, but may do so in the future. The seller opts for instant delivery for the gift card upload. Refund period is set at 2 hours. The seller selects physical card type, enters the card number, and optionally uploads an image of the receipt.
00:06:00
In this part of the video, the speaker explains how to sell a gift card for cash. They show how to create an offer on a platform, wait for a buyer, and check the offer status. Once the offer is filled, the money earned from the sale is shown in the earnings section. The speaker then discusses how to withdraw the money by applying it to redeem credits or a Bitcoin wallet, mentioning a small fee for Bitcoin withdrawals.
00:09:00
In this part of the video, the speaker demonstrates the process of withdrawing funds from Redeem to a Bitcoin wallet address. They choose to withdraw to an external wallet address linked to Luno. The speaker emphasizes the need for two-factor authentication (2FA) to enable withdrawals. They show how to label the wallet addresses on Luno and proceed with confirming the withdrawal through email and 2FA. Finally, they check their Luno wallet to confirm the receipt of the transferred funds, noting the deduction of fees.
00:12:00
In this segment of the video, the speaker shows how to convert Bitcoin to Naira and transfer it to a bank account. The Bitcoin transaction is confirmed, and the process involves going to the exchange, placing a sell order, withdrawing the funds to the bank account, confirming the transaction with two-factor authentication, and expecting the money in the bank account within five minutes. The speaker mentions other videos on how to redeem different gift cards and invites viewers to subscribe for more content on trading and learning about cryptocurrencies.