1 October 2024
Gifting Bitcoin As A Christmas Gift
Christmas is the happiest time of the year - it’s about decorating the tree, the house, visiting family and friends, exchanging gifts and so much more. The celebration is everywhere and of joyous moments and what would be a thoughtful investment gift than gifting Bitcoin as a Christmas gift to your loved one?
In this blog, we are going to discuss on Gifting Bitcoin As A Christmas Gift:
1. Gift Cards
You would need to look for an online portal such as bit4coin and fill in the required details along with selecting the preferred denomination that you would like to gift your loved one. Once you have made the payment, the gift card would be mail to the address that your have specified and hence, the recipient will be able to redeem the gift card in Bitcoins at an exchange rate of the period.
2. Hardware Wallet
You can even gift your loved one by storing the bitcoin keys in a USB drive or Bitcoin hardware wallet as it is also stated to be the secure way in storing while it also provides multi-signature transactions, micro storage device backup and QR code scan camera. For instance, Trezor and Ledger facilitate hardware wallet.
Also Read, 10 Ways To Spend Bitcoin
3. Paper Wallet
You can gift your loved one by noting a printed physical paper. The paper wallet consists of all the relevant information such as the private and the public keys to make the transaction of the coin. It is a secure way to store bitcoin and consist of a QR code that enables adding in the software wallet for transactions. The print will also in your wallet with a text and a QR code. Bitcoinpaperwallet.com and Bitcoin.com provide paper wallets.
4. Physical Coins
You can gift your loved one physical coins that consist of collectibles that are embedded by Bitcoin and are the limited edition in brass, silver and gold. It is an aesthetically artistic gift that comes with casing and includes bitcoin address and private key to redeem the fund. They are secured by a tamper-evident hologram with the private key and the user you would need to decrypt with the original passphrase that was pre-selected to redeem the funds. Casascius and Denarium are the physical coins that you can look for.
Bitcoin is the first and the largest cryptocurrency and it is potentially a beneficial investment vehicle. Gifting your loved one with bitcoins is a thoughtful investment gift you could give, especially to the ones who are the investment person. We wish you Happy Holidays and a Merry Christmas - Volia the Bitcoin way!