• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Binance Addresses Accusations From Elizabeth Warren and Other US Senators in New Open Letter

2023-03-30

Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

2023-03-30

Binance’s CZ refutes report claiming company has been hiding China ties

2023-03-30
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Disney Metaverse Division Reportedly Scrapped

    2023-03-28

    Animoca Denies $200M Metaverse Fund Cut

    2023-03-27

    Metaverse Trading Hits All-Time High

    2023-03-24

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Binance Addresses Accusations From Elizabeth Warren and Other US Senators in New Open Letter

    2023-03-30

    Binance’s CZ refutes report claiming company has been hiding China ties

    2023-03-30

    $852,000,000 in Ethereum, Polygon, Fantom and Additional Altcoins Have Left Binance Following CFTC Lawsuit: Nansen

    2023-03-30

    Elizabeth Warren says she’s building an anti-crypto army in new campaign

    2023-03-30

    SEC Chair Gary Gensler To Face Congress Over Strategy on Digital Assets

    2023-03-30
  • Learn

    Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

    2023-03-30

    Next Cryptocurrency to Explode 2023

    2023-03-30

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17
  • Market Cap
CryptoNewsMetaverse
Home»Learn About Crypto»How To Gift Bitcoin, And Other Cryptocurrency To Friends And Loved Ones
Learn About Crypto

How To Gift Bitcoin, And Other Cryptocurrency To Friends And Loved Ones

2023-01-20No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

How To Gift Bitcoin, And Other Cryptocurrency?

Cryptocurrencies are widely known now even for people who are not inclined toward tech and finance. With its increasing popularity, the prices of cryptocurrencies have also boomed over the past few years. Thus, making it a platform to invest and get good returns. The soaring and slashing of the prices make it a newsworthy piece every single day.

While some believe that cryptocurrencies or Bitcoin will never be able to replace physical currency and will gradually plummet others comments it is the future of finance. They surely are a volatile market with price falling and surging very quickly, however, gifting in cryptos is definitely a thing in trend. Bitcoin has been growing tremendously since its launch and is the biggest cryptocurrency in the market in terms of market capitalization.

The cryptocurrencies tend to just grow from here. Various shopping platforms like e-shopping websites, stores, and restaurants have already started taking digital assets in payments.

There is a total of 22,309 cryptocurrencies listed on coinmarketcap. The presence of so many cryptocurrencies makes it even more difficult to choose the right one. However, it is better to gift in already established coins like Bitcoin, Ethereum, or Solana, which have a market cap of billions.

Disclaimer: It is recommended to do your own analysis before investing/ gifting using any cryptocurrencies. Cryptocurrencies are investment risks and we do not guarantee any specific return. This article is just a recommendation and analysis of our own. It does not tend to give any sort of financial advice.

Methods to gift Bitcoin and other cryptocurrencies:

Seeing the increased demand for cryptocurrencies, especially Bitcoin, we made a list of ways in which cryptocurrencies can be gifted to your near and dear ones.

1. By using exchanges

One of the ways to gift Bitcoin or other cryptocurrencies is by using an exchange. If you are an investor you will be able to easily send money. However, if not you will have to create an account and choose a payment method to proceed.

Also read: Factors That Affect The Value Of Cryptocurrency

2. By using Gift Cards

Gift cards have become a popular method for gifting in today’s generation. This also applies to cryptocurrency gifts. Yes, you can send Bitcoin and cryptocurrencies through gift cards. Various websites offer these cards. You can choose the one that looks honest and trustworthy.

Choose the amount that you want to send the gift of, you will receive the card for that amount, and the receiver can go to the website and redeem it.

3. Mobile Apps

Mobile apps are highly popular these days for be it anything. From buying groceries to ordering food, from shopping to financial transactions. You can use Mobile Apps to even gift cryptocurrencies like Bitcoin and others. These apps are comparatively easy to use and can be downloaded without any major fuss.

How to store Bitcoin and other cryptocurrencies?

Buying cryptocurrencies for gifting also needs a place where they can be stored. There are various ways to store cryptocurrencies.

1. Using Hardware Wallets

A hardware wallet is a storage option that is more secure. They are regarded by many in the industry as the greatest location to ensure that your secret keys are safe and secure because they are compact, waterproof, virus-proof, and small. In essence, hardware crypto wallets are USB disc gadgets.

These wallets may be purchased fast, with varying prices depending on the capabilities they offer. They are offline, making them tougher to hack than a computer or smartphone.

Also read: Digital Assets Outlook For 2023, What Will Be The Biggest Change?

2. Using Paper Wallets

Paper wallets are the most affordable offline cryptocurrency storage solution. Simply writing your key codes on a piece of paper can serve as a paper wallet. However, you can make one by going to a website that produces keys and associated QR codes at random. A sheet of paper is produced as a result, on which is printed all the data you require to access your coins and enable transactions.

After designing and printing a paper wallet, you must take care not to misplace or harm it. It’s advised to just use this as a temporary solution until you can move the keys to a hardware wallet because paper wallets are very easily lost or damaged.

3. Using Physical Coins

It is feasible to purchase or make physical coins with the key printed on them if you want the present to be a little finer. Some people use a holographic sticker with the key printed on the back. They are made to order using metal or plastic and a three-dimensional printer, these coins may be pretty remarkable.

Since physical coins are less secure than alternative storage options, they should only be used as a short-term fix. Once presented, the gift should be destroyed unless it is printed on a valuable metal. In that case, the keys should be utilized to move the cryptocurrency to a cold storage medium.

Also read: Passive Crypto Investing 101: One Financial Habit To Improve Your Life

Source link

Bitcoin Cryptocurrency Friends Gift Loved
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

2023-03-30

Next Cryptocurrency to Explode 2023

2023-03-30

Texas bill seeks to eliminate incentives for Bitcoin miners

2023-03-30

CFTC Says Bitcoin, Ethereum and Litecoin Are Commodities in Lawsuit Against Binance and CEO Changpeng Zhao

2023-03-29
Add A Comment

Leave A Reply Cancel Reply

Top Posts

MoMA Is Selling Off Renoir and Picasso Artworks To Buy NFTs

2022-09-15

Analyst That Called Last Crypto Collapse Says Ethereum-Based Altcoin Mirroring Terra (LUNA) Crash

2022-12-18

How Landshare Real Estate NFTs Will Let Your Earn Yield From Real-World Assets

2022-04-09

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Binance Addresses Accusations From Elizabeth Warren and Other US Senators in New Open Letter

2023-03-30

Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

2023-03-30

Binance’s CZ refutes report claiming company has been hiding China ties

2023-03-30
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,131.00-1.27%
  • ethereumEthereum(ETH)$1,794.46-0.64%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$316.960.45%
  • usd-coinUSD Coin(USDC)$1.000.02%
  • rippleXRP(XRP)$0.54-2.46%
  • cardanoCardano(ADA)$0.377305-2.46%
  • Lido Staked EtherLido Staked Ether(STETH)$1,790.24-0.69%
  • dogecoinDogecoin(DOGE)$0.074928-1.67%