bubuzi69
Active member
- Messages
- 99
- Reaction score
- 189
- Points
- 33
Cryptocurrencies can be a wonderful present, whether it's for someone you need to buy a birthday present for at the last minute or for Christmas morning. However, unless the recipient is an extreme enthusiast, giving cryptocurrency as a present isn't necessarily as simple as purchasing an Amazon gift card!
In any case, I've put together this guide to assist you with giving cryptocurrencies as gifts this Christmas. Continue reading to discover your alternatives and decide which cryptocurrency gifting method is ideal for you.
Purchase a Bitcoin Gift Card
It may surprise you to learn that gifting Bitcoin is just as simple as giving an Amazon gift card. It's true that you can purchase Bitcoin gift cards on a few websites, load them with cryptocurrency, and give them as presents.
Even though this is a sweet notion, continue with caution because some reputable merchants are only there to steal your money, even though some give Bitcoin gift cards. Sending a Bitcoin gift card by mail carries significant risk as well because it might be misplaced forever. Remember this.
Some Bitcoin gift cards can also act as wallets; however, if you choose this option, you should confirm that the recipient of the present has a wallet set up to receive bitcoin beforehand because the gift card is not a secure place to store bitcoin.
Use PayPal to send bitcoin.
PayPal is quite simple to use if you have ever sent someone money using it. Additionally, you can now send friends and relatives cryptocurrency with it! If you're not sure if the recipient has a cryptocurrency wallet set up, this is a nice choice because they can save it on PayPal until they do. As a result, it's a stress-free present for you both.
Furthermore, you may send it to anybody, anywhere, at any time, and you won't have to worry about it getting lost in the mail because it's all digital. Far more secure than a Bitcoin gift card.
Use an Exchange to Send Cryptocurrencies
This option is only going to function if you have a good working relationship with the person in question and have already sent them Bitcoin or another cryptocurrency. The reason behind this is that this option requires their wallet address. In the process, you might also inquire about their wallet address, but it would compromise the element of surprise.
The simplest option for seasoned cryptocurrency investors is this one, since it doesn't require them to open additional accounts in order to offer the gift, and the recipient will appreciate having their cryptocurrency delivered directly to their wallet without any annoying transfers. Other coins than just Bitcoin can be sent using this option. Just be certain to have the user's Ethereum wallet address when sending an ERC20 token—this address will differ from the one they use to receive other cryptocurrencies, such as Bitcoin.
Other Cryptocurrency Gifts
Are you unsure about what cryptocurrency to get your loved ones? Worry not—you don't actually have to choose which gift to give them; there are alternative options that will still convey that you are aware of their passion for cryptocurrencies and detest inflation.
The first step is to purchase a hardware wallet for them if they don't already have one (like most experienced investors will do). But for those just starting out, this is a fantastic gift that will help them get started with cryptocurrency investment.
Cryptocurrency memorabilia is also something you can purchase from them. There were plenty of products on Amazon with images of other cryptocurrency, like Dogecoin, along with Bitcoin-themed t-shirts, keychains, and caps. Get a cryptocurrency enthusiast one of these things, and they will adore it!
An additional idea would be to get a subscription to a cryptocurrency-related service. Purchasing this as a gift for your crypto enthusiasts would be greatly appreciated. There are numerous services that track coin prices for an annual fee. A premium membership to a service they currently use, like Coinbase, is another option you have. They can trade cryptocurrencies on this site without paying fees if they subscribe to the premium plan, which is a fantastic bonus, especially if you pay for the full year!
What makes purchasing cryptocurrency as a present worthwhile?
Purchasing cryptocurrencies as gifts may seem a little strange, but it is not. In the 1980s and 1990s, government bonds were a popular gift for children's birthdays and holidays from parents or grandparents. A low-risk approach to teaching your children to invest early in life is through gifting bonds.
It's the same idea as gifting cryptocurrency. An investment in the recipient's preferred coin is what you are giving them. What's the best aspect? It is not prone to inflation, in contrast to government bonds. Don't get too wild, though, because there are tax ramifications associated with giving cryptocurrencies as gifts, and it can be a little erratic at times.
Cryptocurrency gifts, particularly those with development potential, are a great way to express your concern for someone's future.
Which cryptocurrency is the best to give as a gift?
Are you purchasing cryptocurrencies for someone for the first time? Perhaps you are unable to choose which coin would be the ideal present. Bitcoin makes the ideal gift, regardless of who you are gifting it to. For the most part, most people have a wallet or account (like PayPal) that supports Bitcoin, making it the most widely used cryptocurrency. It is also the easiest to research. Consequently, it is among the easiest cryptocurrency presents to give and receive.
Study any coin you plan to purchase and give as a present. You should also exercise caution in the cryptocurrency industry because there are a lot of scammers out there. One coin you won't need to do any research before sending is Bitcoin, if you don't have time for research this holiday season.
All things considered, there's no reason not to give cryptocurrency as a holiday present to your friends and family—imagine it as the improved and upgraded version of government bonds! Just make sure that when you buy, you take into account your delivery option and whether or not the receiver is familiar with cryptocurrencies. You can be certain they will appreciate your gift in this way.
In any case, I've put together this guide to assist you with giving cryptocurrencies as gifts this Christmas. Continue reading to discover your alternatives and decide which cryptocurrency gifting method is ideal for you.
Purchase a Bitcoin Gift Card
It may surprise you to learn that gifting Bitcoin is just as simple as giving an Amazon gift card. It's true that you can purchase Bitcoin gift cards on a few websites, load them with cryptocurrency, and give them as presents.
Even though this is a sweet notion, continue with caution because some reputable merchants are only there to steal your money, even though some give Bitcoin gift cards. Sending a Bitcoin gift card by mail carries significant risk as well because it might be misplaced forever. Remember this.
Some Bitcoin gift cards can also act as wallets; however, if you choose this option, you should confirm that the recipient of the present has a wallet set up to receive bitcoin beforehand because the gift card is not a secure place to store bitcoin.
Use PayPal to send bitcoin.
PayPal is quite simple to use if you have ever sent someone money using it. Additionally, you can now send friends and relatives cryptocurrency with it! If you're not sure if the recipient has a cryptocurrency wallet set up, this is a nice choice because they can save it on PayPal until they do. As a result, it's a stress-free present for you both.
Furthermore, you may send it to anybody, anywhere, at any time, and you won't have to worry about it getting lost in the mail because it's all digital. Far more secure than a Bitcoin gift card.
Use an Exchange to Send Cryptocurrencies
This option is only going to function if you have a good working relationship with the person in question and have already sent them Bitcoin or another cryptocurrency. The reason behind this is that this option requires their wallet address. In the process, you might also inquire about their wallet address, but it would compromise the element of surprise.
The simplest option for seasoned cryptocurrency investors is this one, since it doesn't require them to open additional accounts in order to offer the gift, and the recipient will appreciate having their cryptocurrency delivered directly to their wallet without any annoying transfers. Other coins than just Bitcoin can be sent using this option. Just be certain to have the user's Ethereum wallet address when sending an ERC20 token—this address will differ from the one they use to receive other cryptocurrencies, such as Bitcoin.
Other Cryptocurrency Gifts
Are you unsure about what cryptocurrency to get your loved ones? Worry not—you don't actually have to choose which gift to give them; there are alternative options that will still convey that you are aware of their passion for cryptocurrencies and detest inflation.
The first step is to purchase a hardware wallet for them if they don't already have one (like most experienced investors will do). But for those just starting out, this is a fantastic gift that will help them get started with cryptocurrency investment.
Cryptocurrency memorabilia is also something you can purchase from them. There were plenty of products on Amazon with images of other cryptocurrency, like Dogecoin, along with Bitcoin-themed t-shirts, keychains, and caps. Get a cryptocurrency enthusiast one of these things, and they will adore it!
An additional idea would be to get a subscription to a cryptocurrency-related service. Purchasing this as a gift for your crypto enthusiasts would be greatly appreciated. There are numerous services that track coin prices for an annual fee. A premium membership to a service they currently use, like Coinbase, is another option you have. They can trade cryptocurrencies on this site without paying fees if they subscribe to the premium plan, which is a fantastic bonus, especially if you pay for the full year!
What makes purchasing cryptocurrency as a present worthwhile?
Purchasing cryptocurrencies as gifts may seem a little strange, but it is not. In the 1980s and 1990s, government bonds were a popular gift for children's birthdays and holidays from parents or grandparents. A low-risk approach to teaching your children to invest early in life is through gifting bonds.
It's the same idea as gifting cryptocurrency. An investment in the recipient's preferred coin is what you are giving them. What's the best aspect? It is not prone to inflation, in contrast to government bonds. Don't get too wild, though, because there are tax ramifications associated with giving cryptocurrencies as gifts, and it can be a little erratic at times.
Cryptocurrency gifts, particularly those with development potential, are a great way to express your concern for someone's future.
Which cryptocurrency is the best to give as a gift?
Are you purchasing cryptocurrencies for someone for the first time? Perhaps you are unable to choose which coin would be the ideal present. Bitcoin makes the ideal gift, regardless of who you are gifting it to. For the most part, most people have a wallet or account (like PayPal) that supports Bitcoin, making it the most widely used cryptocurrency. It is also the easiest to research. Consequently, it is among the easiest cryptocurrency presents to give and receive.
Study any coin you plan to purchase and give as a present. You should also exercise caution in the cryptocurrency industry because there are a lot of scammers out there. One coin you won't need to do any research before sending is Bitcoin, if you don't have time for research this holiday season.
All things considered, there's no reason not to give cryptocurrency as a holiday present to your friends and family—imagine it as the improved and upgraded version of government bonds! Just make sure that when you buy, you take into account your delivery option and whether or not the receiver is familiar with cryptocurrencies. You can be certain they will appreciate your gift in this way.
