Last-minute holiday gift purchases can be difficult to fulfill. The supply chain issues can seem to be impossible to bypass. With cryptocurrency gaining widespread popularity, it makes a hot gift idea for this holiday season. According to a survey, 1 in 10 Americans will be giving digital coins as a gift to their family and friends this year.
Cryptocurrency gift is an excellent last-minute holiday gift option that allows you to sidestep the supply chain shortages and shipping delays. It requires only a few clicks to buy and send the gift to the desired person.
How to Buy Cryptocurrency as a Gift?
Most people today know about cryptocurrency. Only a tiny percentage knows how to offer cryptocurrency as a gift. Today, it has become quite simple to send cryptos as gifts to anyone. The recipient doesn’t even have to know the difference between an online and hardware wallet.
Cryptocurrencies can make a great gift option given all the hype around them. While a Bitcoin costs around $50,000, you don’t have to purchase a whole coin. You may purchase and send only a fraction of a coin, which can start from just $1.
Once you decide to give a cryptocurrency gift, you must determine how to send it. If you are interested in bitcoin mining visit the quantum ai trading day updated website.
Both the sender and the recipient will need either an exchange account or a cryptocurrency wallet.
- You may also gift a crypto hardware wallet to someone as a gift with a fraction of a coin so that they can get started with investing.
- Hardware wallets can be plugged into a computer system for access.
- The wallet can be accessed using a series of keys and you should be sharing them with the recipient.
Gifting Cryptos Using Apps
There are also money transfer service apps that allow you to send certain digital coins. Such apps make it a simple and quick process to gift cryptos. These apps will mostly allow only a handful of digital coins to be sent, typically Bitcoin and Ethereum. This can mostly make sense since almost everyone knows about these cryptocurrencies. Besides, you have the flexibility to determine how many fractions of the coin you could send across.
Such apps allow you to send cryptos to anyone using their email address or phone number. The recipient can then take the required steps to create an account and accept the cryptos.
A Gift That Keeps on Giving
Should you be giving Bitcoin as a gift this holiday season? It has simply been the best-performing asset for many years now. There is a good chance that it will keep on giving in the coming years and become a great long-term investment.
Whichever digital coin you may want to present as a holiday gift for a friend or loved one, you may want to determine whether it is the main Christmas gift. This decision depends on the recipient and their interests. As already mentioned, you don’t have to spend tens of thousands to gift a fraction of a coin to someone.
The Gift of Financial Wisdom
When you gift cryptocurrency to someone, you are giving them much more than a digital asset. The seemingly inconsequential action will present them with the opportunity to get started with crypto investment. The gift can prove to be a stepping stone for them to get started and continue with their cryptocurrency investment journey.
Crypto can be an ideal gift for Christmas for almost anyone. This holiday season seems to be the perfect time to gift someone with cryptocurrency. It can be much more than a change. Major cryptos are experiencing a dip compared to how they performed during the early part of the year. With many digital coins expected to rebound in value in the next few months, this is an excellent time to explore this gift idea. The recipient will be thankful for such an unexpected present.
There is a good chance that you may also be a lucky recipient and may not have to purchase digital coins to give to someone else.