Today, cryptocurrencies are more coveted than ever. Thanks to the success of bitcoin and other very popular ones, many people are looking for an opportunity to invest and what better than a cryptocurrency with the backing of a company as big as Amazon to do so.
That’s right: the renowned online store has its own virtual currency called “Amazon Coin”. You can buy it on its own platform, through this link, but before you do, our recommendation is that you continue reading this article so that you understand exactly what it is.
What are Amazon Coins?
It is a token or virtual currency. In other words, with “real” money you can buy these virtual coins that serve as a form of payment for some Amazon services. But this is not something new – it is already several years old – nor is it a cryptocurrency, since it does not use blockchain technology.
On the other hand, it is also not decentralized and its value is set by the company itself, unlike the price of cryptocurrencies, which is usually determined by supply and demand. So, the first thing you should keep in mind is that, having the price set by Amazon, there is no possibility of making money by speculating.
So, if you see any cryptocurrency with the name of Amazon for sale on the internet, it is surely a scam because there is no official cryptocurrency of this platform.
Price: how much is the Amazon coin worth?
Amazon Coins have a price set by the company, which is currently €0.01 per coin.
You can buy them in packages as follows:
- 300 coins = €2.91 (€0.0097 per coin)
- 500 coins = €4.75 (€0.0095 per coin)
- 1,000 coins = €9.0 (€0.009 per coin)
- 2,500 coins = €21.75 (€0.0087 per coin)
- 5,000 coins = €42.50 (€0.0085 per coin)
- 10,000 coins = €82.00 (€0.0082 per coin)
- 50,000 coins = €400 (€0.008 per coin)
In this way, the more coins you buy, the more money you will save, although the difference is very insignificant. The positive thing about Amazon Coins is that they are equivalent to €0.01 to spend on certain items on this platform.
How to get these coins?
As we have already said, Amazon Coins are not cryptocurrencies. They are virtual currencies, so they are not encrypted and cannot be mined. You just have to go to Amazon and buy them.
To buy Amazon Coins go to this link. You do not need to look for them on crypto or investment pages. These coins are sold exclusively through the Amazon platform because it is only possible to use them within your store.
Where can I buy Amazon Coins?
To buy Amazon Coins in bundles, you can use the following means:
- Amazon Appstore app for Android (not available for iOS)
- Tablets Fire
- Amazon website (enter from this link)
Another way to buy them is through the Fire TV with the games, without an acceptance or verification message appearing. Be very careful with this device: if you tend to leave it in the hands of small children, remember to apply parental controls or add passwords to avoid purchases through the Amazon store.
Can I get free Amazon Coins?
It is possible to get Amazon Coins through games, promotions on the platform itself or by clicking on the gift box in the application. But, do not forget that it is impossible to mine or acquire them outside of Amazon.
It is best to buy them directly through this link.
Are Amazon Coins refundable?
According to the platform conditions, Amazon Coins are non-refundable (see here). In any case, our recommendation is that you contact the Amazon customer service center with any concerns you have and they will try to solve any problem for you.
Where to see my Amazon Coins?
To see your available balance in Amazon Coins, you will need to log in to the Amazon AppStore. You will not find any section in your account from the shopping app to see this information.
Another way to see your balance in Amazon Coins is to access from this link and see how many coins are available to you. Select the verification button in case a number different from the one you bought appears.
What can I buy with them?
Now we are going to answer what you have surely been wondering: if they are not cryptocurrencies with which you can speculate, then what are Amazon Coins for?
With them you will be able to buy applications, games and other products in the Amazon AppStore. Keep in mind that they will not serve as a balance to buy items on the Amazon home page or any other type of company product. They serve only in the Amazon AppStore, exclusively.
In the AppStore you will find more than 50,000 applications to buy with Amazon Coins. You have a very wide range of products to choose from: from applications to learn languages to online games. Click on this link to see the full list of apps you can purchase with Amazon virtual currencies.
How to buy in Hearthstone with Amazon Coins?
If you are a fan of Hearthstone game, you should know that you can buy cards with Amazon Coins and you can even save money as 100 Amazon Coins equals €1 in the app. For example, if you buy a pack of cards that cost €50, you will need 5,000 coins which, if you buy a pack, is equivalent to €42.50.
To use Amazon Coins in this game, the first thing you need to do is purchase Amazon Coins, either through the AppStore, Fire tablet or website, from your account.
What follows is to download the game from the Amazon Store. If you have already downloaded it, you must uninstall it and install again, always through the Amazon play store.
In short: are they worth it?
Until now, Amazon Coins only make sense for those users who play through the Amazon AppStore. However, this application is only available for Android, so it seems that there are fewer and fewer users with the possibility of using these currencies.
It is important to know that it is not a cryptocurrency, since there is a lot of confusion on the internet about it. It is a virtual currency: its value will not increase in the coming years. In fact, they are not even refundable or transferable.
In conclusion, be careful and remember that anyone who tries to sell you a supposed Amazon cryptocurrency is cheating you.