Sensei won’t give you that diplomatic fluff about how both companies have their pros and cons. He will give you a no-holds-barred account regarding his experience with these two companies.
But wait. You are not familiar with them? Oh, Bitrefill and The Bitcoin Company allow you to pay for gift cards with your sats. I know, you might be inclined to just HODL on to your Bitcoin, but trust me, spending your sats to resolve some of your daily challenges just hits differently.
I have used both companies to buy food takeout vouchers from Grab, Singapore’s super app, so my account will focus on this aspect.
- Cashback rewards
The Bitcoin Company > Bitrefill
| 2.8% TBC | 1% Bitrefill |
|---|---|
From my experience, Bitrefill offers a flat 1% cashback for gift card purchases, if at all. The Bitcoin Company has a more generous spread of cashback rewards, including 2.8% cashback for Grab vouchers.
- Ease of use of cashback rewards
The Bitcoin Company > Bitrefill
If you examine the above images closely, you will find that The Bitcoin Company lets me use my 1495 sats to defray the cost of a Grab gift card. On the other hand, Bitrefill refuses to let me use my 3756 sats to do likewise. Bitrefill sets a higher bar - you must have accumulated enough cashback rewards to determine the value of the gift card you hanker after and buy it. Otherwise, you’ll have to keep playing the waiting game until your neck is stretched as long as a giraffe’s.
- Frictionless referral system
The Bitcoin Company > Bitrefill
| 1000 sats easy get with TBC | $200 long drag with Bitrefill |
|---|---|
Someone used my referral code from The Bitcoin Company today. Straightaway, I gained 1000 sats. As for Bitrefill, I would have to apply low time-preference and wait for my referral to spend $200 worth of sats before I get rewarded with $5. I have 3 referrals for Bitrefill so far, but I have lost hope that they would spend $200. Boo Hoo! I wanna instant gratification!
Hope my authentic sharing helps you make an informed choice about BTC gift cards. Spend and replace. Live the BTC Standard. Stay humble, stack sats!