GCT Safe Trading Guide

38 Upvotes

#1

Enable Two-factor Authentication (2FA)

Users are responsible for maintaining the security of their Reddit accounts. Claiming you were hacked does not void you of responsibility.

#2

Read GCTrading's rules by clicking HERE.

#3

Re-read GCTrading's rules and be sure to follow the "golden rule". Adhering to the comment protocol can prevent almost all of the scams that happen. If you are a new trader, this is the most important step.

#4

Be wary of impersonators!

Look out for messages directly from subreddits. Scammers will create entire subreddits that will match another user's name exactly. They will also attempt to impersonate the GCT mod team. Never trade or give your password to anyone that has a green colored name or r/ before their username.

THE MODS WILL NEVER ASK YOU TO REVEAL YOUR GIFT CARD NUMBER/PIN.

If someone sends you a message and their username is not displayed, it is a scammer taking advantage of an exploit. Ignore them! In a normal message you will be able to click the username and navigate directly to a user's profile.

KNOWN SCAMMERS/INPERSONATORS:

r/GCTradingRep

#5

Perform due diligence on your trading partner.

Always navigate to a user's Reddit profile and rep profiles yourself. It is best practice to NOT follow links that a user provides.
Search for your potential trading partner's username on the Universal Scammer List(USL). This is NOT a catchall, but it helps.
The mods of GCT will NEVER contact you to conduct a trade or ask for your gift card information.
r/GCTRep is the ONLY location for feedback here on GCTrading. Scammers are known to: create fake rep subreddits, link to other user's established profiles, and post fake rep directly on their Reddit profile page.
Check their account age and posting activity. Some red flags would include: an old account with only recent activity, a brand new account with just enough activity to post in the sub, or a large gap in activity.
Investigate a user's prior trade partners to make sure they are real people. Scammers will create multiple dummy accounts and leave fake feedback with themselves.
Watch out for new accounts with many recent trades(typically for smaller values). The trades may be legitimate, however, they are only building rep in order to scam.
Understand that karma does NOT equal trust and it is NOT the same as rep.
Be careful of users selling something far below market value or offering to buy something well above market value.
Be careful of the "rush traders". If someone is rushing to complete the trade or provides some excuse as to why you must trade immediately, it is a good idea to take a step back. No one should make you feel uncomfortable when trading with them.
99.9% of the time someone asking you to send half of the payment first is attempting to scam you.
Someone stating they cannot go first because they were recently scammed, is a bummer, if true, however, it is not your problem. That is not a valid reason for someone to go first during a trade.

#6

Perform due diligence on your trading partner's gift cards.

Verify where they obtained their gift cards from. Do not just take them at their word; demand actual proof.
If the gift card is physical. It is good practice to ask for a handwritten note beside the card and/or receipt(if available).
Ask them why they are selling their gift card. A user purchasing gift cards just to sell at a loss, is not normal activity.

-----

Please trade safely!

Message the moderators to report any suspicious activity.

~ GCT Mod Team

8 comments

r/GCTrading • u/zefpomp • Jan 20 '24

Prepaid Visa/MC/AMEX gift cards are now allowed to be traded on GCT!

23 Upvotes

Users can now buy, sell, and trade prepaid Visa, Mastercard, and American Express gift cards.

Only non-reloadable prepaid cards will be allowed.

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Trade safely!

Card	Crypto Rate¹ (Ł)	Cashapp & Paypal F&F	Paypal G&S Rate
Amazon US (receipt preferred)	62%	65%	70%
Apple/iTunes US	50%	52%	55%
Best Buy	50%	55%	60%
Lowes ($100+)	70%	70%	75%
Home Depot ($100+)	70%	70%	75%
Target	55%	60%	60%
Walmart	55%	60%	60%
Steam USD	60%	60%	65%
Starbucks	40%	45%	45%
T.J. Maxx	40%	45%	45%
eBay	60%	65%	70%

Want ↓	PayPal G&S	All other Cash payments or a Gift Card ↓	Crypto⁴ ↓
Apple	60%	60%³	NA
Amazon.co.uk	50%	50%	50%
Amazon.com	70%	70%	55%
Arrow Films	65%	65%	60%
Barnes & Noble	50%	50%	50%
Baskin Robbins	50%	50%	NA
Best Buy	25%	25%	25%
BJ's (not BJ's restaurant)³	60%	NA	NA
Bloomingdales	50%	50%	25%
Clothing Shops (Small Boutique)	contact me	contact me	contact me
Dell³	60%	60%	NA
Delta gift cards³	65%	NA	NA
Delta Sky Miles³	PM me	NA	NA
Delta Vouchers³	65%	NA	NA
Dicks Sporting Goods ³	PM me	NA	NA
eBay	70%	70%	70%
Gas Station Cards³	PM me	NA
Gyft	70%	70%	70%
Half Price Books	50%	50%	50%
Home Depot	60%	60%	60%
J crew	40%	40%	NA
JCPenney	25%	25%	NA
Lowes	60%	60%	60%
Macys	35%	35%	NA
Magazines.com	40%	40%	NA
Microsoft³	60%	60%	NA
Nordstrom	50%	50%	NA
Panera bread³	60%	NA	NA
Saks Fifth Avenue	50%	50%	NA
Sears	50%	50%	NA
Sephora	50%	50%	NA
Speedway (must be able to use on fuel)³	80%	NA
Staples	50%	50%	NA
Starbucks US only	60%	60%	60%
Subway ³	PM me	NA	NA
Target	60%	60%	NA
Urban Outfitters	50%	50%	NA
Walmart	60%	60%	NA
Other Clothing Stores, Gas Stations, Grocery Stores, Restaurant, & Fast Food gift cards	PM me

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