Share this article
Traade buys smartphones for bitcoins
A new service is offering people bitcoins for old smartphones. Traade will pay for phones in the Ecoin and will then recycle them.
Updated Sep 10, 2021, 10:43 a.m. Published May 1, 2013, 9:44 a.m.
A new service is offering people bitcoins for old smartphones. Traade will pay for phones in the Ecoin and will then recycle them.
The North Carolina-based company is starting with smartphones, but wants to extend its services into other devices, such as personal music players, tablet computers, laptops, and cameras. It will eventually cover “all electronics”, it said.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Users can search for their smartphone model to get a quote from the company, based on its condition. If the user accepts the quote, Traade will send them a prepaid envelope in which the user returns the smartphone. The bitcoins are then credited to the user’s account.
“Once we receive and inspect your device your bitcoins will be transferred directly to your Bitcoin wallet according to the address you provide,” said the company.
Currently, a 16Gb Galaxy SIII will fetch 0.95 bitcoins in good condition, gaining the user roughly $126 at today’s prices. A unit with a cracked screen will only yield 0.24 bitcoins ($31).
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Strategy’s STRD credit spread has tightened over past month even as bitcoin struggles
The narrowing spread between yields on STRD and the 10-year U.S. Treasury could signal boosted demand for the preferred stock.
What to know:
- STRD’s credit spread versus the U.S. 10-year Treasury narrowed to a new low on Friday.
- Strategy sold $82.2 million of STRD through its ATM program in the week ended Dec. 14, the largest weekly issuance since launch.
- Historical ATM data shows STRD has recently dominated preferred issuance among Strategy’s offerings.
Top Stories
