Bitcoin is the subject of many conversations in recent months and even years, without exaggeration. It has become so popular among people who are eager to earn a fortune through cryptocurrency. Once they achieve this, they want to share what they have, as good Samaritans, which then brings the question: How to give Bitcoin as a gift? This action is made possible through various means, and we are going to show you the one we find as the most appropriate.
Yes, you heard it well, there are people who want to give their precious Bitcoin away. In this article, we are going to walk you through a method that can help you do this. It’s not a difficult task, and with our help, you’ll be able to give away your cryptocurrency in no time.
The season of giving, which comes with holidays, is not yet upon us, but it’s better to get ready before it’s too late. The standard gifts you give to friends and family are demode; it’s time for something different and exciting. Yes, we are talking about Bitcoin. There isn’t a person who won’t be thrilled to receive this cryptocurrency as a gift. It’s rare and unique, and you are bound to leave an impression.
Now, don’t get us wrong; you are not pressured to gift someone an entire Bitcoin. This is too expensive, so we are talking about smaller portions that are more affordable. The price of this cryptocurrency frequently fluctuates, so if you give a large part of a Bitcoin, you can either lose too much, or the party receiving the gift could earn too much in the mid-time. So, the best way to go is to give out a tiny part of a Bitcoin. It is, after all, a unique gift on its own, so you are not going to disappoint anyone.
The person receiving the Bitcoin doesn’t have to sell it immediately. You should instead advise them to stick to it for a while, and with time they could have a more valuable gift on their hands. So, let’s move to the lesson on how to make Bitcoin a perfect present.
Get The E-Wallet App
The first step is to download a wallet app on your phone via Apple Store or Google Play Store, depending on which type of smartphone you own. It would be best if you told your friend or a family member to do the same. Both of you should have this app that serves as an E-wallet in order to be able to store the Bitcoin. If you didn’t know, you’d need a wallet to store this cryptocurrency, and this is the way to go, just as with the real money. On the market, there are various wallet apps, and you can go with any you want. When you install the app, you’ll need to create an account, and you can then look forward to buying a Bitcoin.
Choose a payment method
Every app for trading Bitcoin has this option. Before you start, you’ll need to add a payment method. If you plan on buying more significant amounts of Bitcoin, you’ll have to add a bank account. If you are going to stick to smaller doses, then a debit card would do the trick. With the later one, the process of adding a payment method ends immediately, while with the first option, it could set you back for a couple of days. So, go with the option that suits you better for what you intend to do.
Start Buying Bitcoin
When you log in, in the app of your choice, you’ll find the buy option with ease. After all, this is why you decided to start this process. This process should not be difficult to learn, as you only need to type the amount of money you are willing to spend, and the app will show you how much Bitcoin you can receive in return. Once you know the amount and you are set to part with your money, all that is left is to press the buy key. Your bank would have to approve this buy as some banks are not quite in line with cryptocurrencies, so you might want to talk to your bank before the purchase to avoid any misunderstanding.
Send Bitcoin as a Gift
Once the Bitcoin is in your wallet, you can start the process of parting ways with it. The E-Wallet of your choice will have the ‘send’ option, which is quite similar to the ‘buy’ one you already used. In the part of the app where you check your Bitcoin balance, you’ll have the ‘send’ option, which would then transfer the cryptocurrency to the destination of your choice. Same as with buying, you can select the amount you want to send. Before you do this, you’ll need to enter the address of the receiving party which you can get from them.
If you expected something more complicated, you’ll be left disappointed as this is all there is to it. If you follow the steps above, you’ll be able to send Bitcoin to your friend, family member, or a loved one as a gift. This can be considered as a perfect gift as it’s not only that but also an investment of a sort. Imagine sending someone a gift which can be worth much more in the future.
The part that you need to warn the receiving party about, if they are not familiar with Bitcoin, is that it can lose its value. This cryptocurrency oscillated a lot through the years, and while the value sometime skyrocketed, there were times when it hit low ends of the currency market. In the end, this is what makes it an exciting gift.
It is like a box of chocolates; you never know what you are going to get if we are allowed to paraphrase Forrest Gump. The world of cryptocurrencies is a vast one, and if you are prepared to enter it and learn what else you can do with Bitcoin in addition to gifting it be free to visit https://crypto-cash.website/ and start your unique Bitcoin journey.