Whether you are a fintech nerd or not, you have certainly heard about cryptocurrency. Digital currency frequently makes it to the headlines for its profit-making feature or volatile prices.
However, cryptocurrency has intrigued everyone. And if you carefully invest in it, you will certainly earn some profits. Moreover, cryptocurrency also makes for a great gift to your loved ones. Whether it is a holiday gift, birthday gift, anniversary gift for your partner, cryptocurrency will be a great option.
Now, we know that there are more than 6000 cryptocurrencies you can choose from. However, you should go for cryptocurrencies that have been around for a long time such as bitcoin, ripple, or Ethereum. These cryptocurrencies are more stable as compared to other options in the market.
But how do you gift cryptocurrency? What are the best ways to turn digital currency into a great gift? Here’s how.
• Crypto Exchanges
This is a good idea for those who are already investing in cryptocurrency and have a digital wallet. However, if you don’t, there is nothing to worry about. All you need to do is create an account on a chosen exchange, choose the payment method and send the cryptocurrency to the digital wallet of another person.
• Gift Cards
Another way is to give cryptocurrency as a gift card. You will find different websites that are offering cryptocurrency gift cards. However, choose the one that is the most trusted. To determine this, read the reviews.
Once you have chosen the website, purchase the gift card for the amount. You can then send the gift card to your loved one. They can redeem the card by going on the website and filling in the details written on the gift card.
• Paper Wallet
Are you looking for the cheapest method to provide cryptocurrency as a gift to your loved one? The paper wallet has got your back! A paper wallet can be obtained from specific websites. These wallets will contain all the information regarding your cryptocurrency accounts and the information to access funds and initiate transactions.
This paper wallet must be kept safe so that you don’t lose vital information. Moreover, the person you are gifting it to won’t be able to access the digital currency sent to the address.
• Physical Coins
Want to look fancy while gifting cryptocurrency? If so, you can buy physical coins that have a unique address. The physical coins can be redeemed by accessing the private key written underneath the coin.
The coins are expensive but will make the gift look luxurious and rich. Moreover, you can easily store your cryptocurrency as physical coins.
These are a few ways in which you can gift cryptocurrency to your loved ones and look unique amongst the crowd of gifts.
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