What Are Gift Points?
Gift points are like rewards on Prestmit. Users will receive rewards for performing specific actions and completing transactions on the platform. Users can also be rewarded with points manually by Prestmit.
In turn, users can redeem these gift points for real money - Cedis, Naira and/or USD.
This article focuses on how to redeem gift points for USD.
Before You Redeem Gift Points For USD
Minimum amount: The minimum redeemable gift points is 10,000 gift points. You won’t be able to redeem below 10,000.
Supported wallets: You can withdraw USD to any supported stablecoin wallet that allows USD transactions.
Nigerian and Ghanaian users can still redeem in local currencies — USD is an additional option
How To Redeem Gift Points For USD
Go to the Gift Points redemption section
Select the amount you want to convert
Select the payment method (USD in this case)
Click 'Redeem'
Your USD equivalent is credited to your stablecoin wallet instantly.
How to Earn Gift Points on Prestmit
You can earn gift points through various activities on Prestmit. Here’s how:
Gift Card Transactions:
Earn 1 gift point for every 40 naira. For transactions in other currencies, the Naira equivalent is used to calculate your points.
Crypto Transactions:
Earn 5 gift points for every dollar traded.
Account Sign-Up: Get 1,000 gift points just for signing up on Prestmit.
KYC Completion: Receive 1,500 gift points when you successfully complete your KYC.
Referrals:
Invite others to join Prestmit and get 1,000 gift points when they successfully complete a gift card sale.
Special Rewards:
Occasionally, admins may manually reward you with gift points, for example, if you win a giveaway.
Want to know more about Gift points? check here
Frequently Asked Questions
Who can redeem Gift points for USD?
All users can redeem Gift points and receive the value in USD
How do I redeem my Gift points for USD?
Simply access the Gift points redemption section, select the amount you wish to convert, and confirm the transaction. The equivalent USD will be credited to your chosen stablecoin wallet.
Which wallets can I use to receive USD?
You can withdraw USD to any supported stablecoin wallet that allows USD transactions.
Is there a limit to how many Gift points I can redeem?
The minimum redeemable gift points is 10,000 gift points. You won’t be able to redeem below 10,000.
How quickly will the USD be available in my wallet?
We process your gift points redemption to your USD wallet instantly.
Does this affect users in Nigeria and Ghana?
Users in Nigeria and Ghana can continue redeeming Gift points in their local currencies, or redeem in USD if preferred.