How To Gift Bitcoin (And Other Cryptocurrencies)
The impressive rise of Bitcoin (and other cryptocurrencies!) is bound to be a topic of discussion throughout the holiday season. While some people used to gift each other lottery tickets or scratch-off cards, many are now wondering how they can gift the gift that seems to keep on giving: cryptocurrencies.
Here are a few ways you can do that!
Buy a Bitcoin Voucher
This is one of the simplest and most secure ways to gift crypto.
1. Register with Coinbase
Download the Coinbase app so you can begin to buy, sell, and store cryptocurrency. Coinbase will prompt you to connect your bank account, debit card, or credit card with your account.
After your account is verified, you can begin the gifting process.
2. Transfer Cryptocurrency to another Coinbase account, an email, or a wallet.
To send through Coinbase:
If the person you are sending crypto to already has a Coinbase account, all you need to do is
To send via email:
Log in to Coinbase, hit ‘accounts’ and select the type of cryptocurrency you’d like to send.
Then click ‘send to email’ changing ‘address’ to ‘email’ and entert he email you’d like to send to.
The person can now sign up to Coinbase using this email and redeem their crypto that you’ve sent!
To send to a wallet:
First things first, you need to have your recipient get a wallet.
A paper wallet is a good option as it is a physical item that you can give to the recipient. This, however, is risky considering the fact that it would give the gifter access to the recipient’s account details which can be dangerous down the line. A safe option would be for you to purchase the Bitcoin, then hold it in your own account until you can help the recipient set up a Coinable account or a wallet. You can see our comprehensive guide on the types of digital wallets and how they differ, and it is best to
Alternative, Bitcoin Gift Cards
Another option would be to gift someone a gift card loaded up with an amount of money that they can then exchange into Bitcoin!