The Fold Bitcoin gift card allows you to claim your reward and turn it into Bitcoin using Fold's platform. Once redeemed, the value will be converted into Bitcoin and deposited in your Fold account. From here, you can hold, spend, or transfer your Bitcoin to an external wallet at any time.
With anything in the crypto space, there are key things to keep in mind.
Recipients must be 18 years and older and residents of the USA
Not redeemable in New York, Louisiana, Vermont and Washington.
Requires a verified Fold App account to redeem the gift card.
Claiming your Reward
In order to claim and use your Fold Bitcoin Gift Card, you will need to create a Fold account (Sign Up Here), and download the Fold App on either iOS or Google Play store. Account registry can also be done in the app once installed.
Once done and signed in, go to the "Gift Card" tab in the Fold App. Select "Bitcoin Gift Card" then enter the number and PIN into the right fields and click "Continue".
Review your sats (the smallest monetary of units of Bitcoin) and if it looks correct, click "Redeem". You will be able to view the Bitcoin in your account shortly after redemption.
💡A processing fee may be applied by Fold at the time of redemption, which is taken from the gift card itself. This is normal for Bitcoin/crypto transactions and are also disclosed in the app.
Frequently Asked Questions
Can I redeem this card outside the United States?
No. Fold Bitcoin Gift Cards are only redeemable within the United States and require a verified U.S.-based Fold App account.
Can I redeem it if I don't have a Fold account?
You will need to download the Fold App and complete identity verification to create an account before redeeming.
Why is the Bitcoin amount I received less than the gift card value?
Because of processing fees and exchange rate spreads that apply at the time of conversion. These are normal for Bitcoin transactions and are disclosed in the app.
Can recipients withdraw to another wallet?
Yes. After redemption, users can send Bitcoin to any on-chain Bitcoin address. Fold+ paid members pay zero fees when buying or selling bitcoin. Free members will pay fees.
Where can users check fees and limits?
Fold publishes the most current information on its support site at https://support.foldapp.com.
What if I can’t create a Fold account or am unable to redeem the gift card?
If you're unable to complete your account registration and redeem your gift card for Bitcoin, you can still claim your funds in USD. Learn more.
Help and Support
With the Bitcoin Gift Card being hosted by Fold, questions about their app, redemption, or issues with the gift card are best handled their support team.