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HomeMoneyHow to Gift Someone Cryptocurrency?

How to Gift Someone Cryptocurrency?

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Cryptocurrency is a digital currency allowing users to make payments online without linking to a bank account or payment processor. Bitcoin is the most cryptocurrency used by various people for transaction purposes. However, some other currencies are also available in the markets today that cater to the needs of investors. Those who want to know how to gift cryptocurrency should get tips from different sources. This will help a lot to handle complex issues and other problems effectively.

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Tips on how to gift cryptocurrency to someone

1. Gift cards

A gift card is one of the tips for a successful cryptocurrency gift because it simplifies the process. Several websites today offer different types of cards for customers and they can pick the right one among them accordingly. On the other hand, it is wise to read reviews online before choosing a card. One can send a card to his/her loved one after making payments which work similarly to a standard retailer card. A recipient can redeem the gift on the same website after entering the details.

Bitcoin gift card is a straightforward process because it comes with a code. A person should enter the code on a website for converting the cash value of the gift card into bitcoin. In the same way, Binance cryptocurrency allows users to send a gift through mail or text messages easily. Coinbase partnered with the London-based WeGift website enabling users to send a gift through it without any hassles.

2. Crypto Exchanges

Crypto Exchanges

Another way to gift a cryptocurrency is through an exchange that will help meet the essential needs. However, those who are not crypto investors should select an exchange after making complete research. Furthermore, they should consider creating an account and determine the payment method based on their choices.

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3. Paper wallets

Anyone who wants to gift cryptocurrency should consider selecting a paper wallet that will help gain more advantages. It is the simplest and easiest way when anyone wants to surprise their friends and loved ones. Creating a paper wallet requires keys and corresponding QR codes at random. A person should generate the same for printing purposes. He/she should save the wallet on his/her mobile devices with more safety.

4. Hardware crypto wallet

A hardware crypto wallet is ideal for crypto gift purposes because it is very secure. It is a USB drive device that gives ways to avoid hacking and other problems. On the other hand, using the crypto wallet requires some technical knowledge and training that will help overcome complications. Since it is an offline wallet, one can save the same without any hassles to get peace of mind.

5. Mobile apps

A mobile app is another way to send a crypto gift to others in simple steps. At the same time, it is important to know the details of mobile apps that offer the facility to users. This will help a lot to save more time while sending a gift. They enable users to install them on their mobile devices as soon as possible.

For example, CashApp is a US-based mobile app that lets users send a gift without buying a bitcoin. Anyone willing to know how to gift cryptocurrency can use this app that give ways to gain more advantages. The app provides ways to send the USD-equivalent value to the recipient without storing it. Robinhood is another app that allows users to send a gift to others in simple steps.

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6. Donations

Donation is one of the tips for a successful cryptocurrency gift that will save time. It is possible to donate physical coins to recipients based on the choices that can cater to their needs.

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