Time and again, cryptocurrencies have proven to be versatile gifts you can give to anyone anywhere. Bitcoin could be the best gift you can give anyone this Christmas season.
Globally, there’s a rush at this time of the year to buy gifts for family and friends. Since Christmas and New Year are times for giving, there is no better gift than financial freedom.
Choosing the right gift for the people you love can be a significant challenge these days. If you don’t want to give your dad another pair of socks or a gift card this year, you could be wondering what else you could provide. That’s where Bitcoin comes in, the most significant financial liberator of our generation. Giving someone, even a few sats, can pay off big in the long run and hopefully get another Bitcoiner to join the ever-growing army.
A recent study by MagnifyMoney showed that 65% of people coveted investment as a gift during this season, with crypto coins topping the list of the desired gifts. According to the study, people would rather receive financial gifts instead of books or clothes. What’s more, the surge in price and popularity for digital currencies like Bitcoin and Ethereum have made people aware of the new industry that promises rapid wealth creation.
What if you had purchased $20 worth of Bitcoin as a Christmas gift for a loved one only six years ago? The recipient would be up at least 98% compared to the price of a single Bitcoin at the time of writing.
If you’re a crypto enthusiast and are considering investing in the future to build an asset class, crypto is a good option. The different ways you can gift anyone Bitcoin within and outside your country include the following:
Crypto Gift Cards
You can access these cards similar to retail gift cards from websites that sell Bitcoin gift cards, after which you can buy the number of Bitcoins you wish to offer as a gift and pay the amount. Companies such as Coinbase, Binance, CashApp, and Robinhood allow their users to purchase gift cards. Once you share the gift card with them, they can visit the same website and transfer the Bitcoin deposited into their cryptocurrency wallet.
Alternatively, you can gift someone crypto coins by buying them directly into their public address from a cryptocurrency exchange. You must ensure that the recipient has an account with the crypto exchange or a digital wallet.
Also called offline or cold wallets, these portable devices that resemble USB sticks are considered the safest cryptocurrency wallets. You can buy one and store crypto coins inside, but you must remember to note down the private key and other details that may be required to authorize the transaction. , give the device to the recipient. The recipient can authorize the transaction and receive the private key.
This essentially is a printed piece of paper that contains keys and QR codes for cryptocurrency transactions. These are created on specialized websites. Visit any of these websites, generate a paper wallet and send them out as gifts. Anyone can get the cryptocurrency bought by you by scanning the QR code.
Cryptocurrencies have come a long way over the years and have seen their adoption increase over the past year. So perhaps this festive season, giving the gift of financial freedom and educating your loved ones about Bitcoin may very well end up being one of the best gifts they’ll ever receive.
Tom is a freelance writer with over 10-years’ experience in content creation, blog writing, and SEO specializing in the blockchain and cryptocurrency niche. As a philosophical figurehead, he believes that to make our world a better place, we must invest in incorruptible products and procedures, of which Bitcoin and other cryptocurrencies are leading examples.