‘Tis the season to be jolly! ‘Tis is also the season to start preparing for Christmas gifts! And you might be running out of ideas on what gift to give your loved ones.
And no, definitely not another mug this year.
A light bulb suddenly appears – how about cryptocurrency as a gift? Why not?
With cryptocurrency gaining popular appeal now and a growing number of well-known companies adopting digital assets as a payment method, Bitcoin (BTC) on birthdays and Cardano (ADA) at Christmas may become increasingly frequent. If your loved one decides to keep their bitcoins, they may wind up thanking you years later.
“But are there any ways I can present cryptocurrencies as a Christmas or holiday season gift?”
That is why you are at the right place to know the several convenient and secure ways to gift cryptocurrency to your family or friends who are crypto lovers. Check out the following to see what you think may work for you!
Choice A: Cryptocurrency Wallet
To keep your cryptocurrency, you need wallets, which are currently accessible in all digital and physical formats, such as the few listed below:
- Paper Wallets: A paper wallet is a piece of paper that contains all of the information a user needs to access the wallet, such as the public address, private keys, and QR codes. If you want your wallet to be both physical and inexpensive, this is the easiest wallet to give cryptocurrency. You can also have a paper wallet decorated with some Christmas elements using sites like BitcoinPaperWallet.com!
- Hardware Wallets: Hardware wallets are becoming a popular option for securing a wallet while it is a sort of cold storage that is not connected to the internet. These wallets are tiny gadgets resistant to water and viruses and enable multi-signature transactions.
For an extra token of love during the Christmas season, you may want to partner either of the two with a bottle of wine. Well, your choice!
Choice B: Cryptocurrency Exchange
Another option is to assist your loved ones in creating their own account on a cryptocurrency exchange or trading platform like Binance, Coinbase, or if you prefer a beginner-friendly one, Bitcoin Profit, and then transfer them the funds once everything is up and working.
Choice C: Gift Cards
Are you looking for another simple and easy-to-understand method of presenting your gift? Then this might be the answer! Gift cards usually come with a code that must be entered on a company’s website. Its cash value will then be converted into cryptocurrency at the current market rate. Be certain that you select a reputable provider if you choose this method.
SPECIAL: Extra gift of love!
If you are thinking of donating to a charitable organisation, many well-known organisations worldwide are now accepting cryptos! You can access the list of nonprofits and charities fundraising cryptocurrencies with sites like Bitcoin Profit.
Top Cryptocurrencies Best for Christmas Gift
- Bitcoin (BTC) – As the first cryptocurrency ever launched and, undoubtedly, the most well-known in the crypto industry, presenting Bitcoin as a gift can be a way to introduce the world of cryptocurrency to your loved ones. You may need to sit with them for a while to help them learn the basics of blockchain and cryptocurrency. It is also currently selling at over $42,500.
- Ethereum (ETH) – Next to Bitcoin, Ethereum is a great choice as a Christmas present. It is one of the most adopted cryptocurrencies by several companies. Your loved ones can surely use it to keep or buy something else over the Internet.
- Cardano (ADA) – Your loved one might also get hooked on this digital asset as it has become one of the hot topics in 2022.
The primary goal of this material is to educate our readers. This article’s content should not be used to make a specific decision concerning cryptocurrency use, legal concerns, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, or anything else. We highly suggest that you get financial counsel from a professional.
It is also best to partner with beginner-friendly crypto trading when you have finally decided on entering the industry.