🎁 How to Give Bitcoin as a Gift – 8 Ways

Bitcoin is one of the best gifts you can give anyone. The cryptocurrency has grown in value throughout the past decade and looks set for a further increase as it becomes more adopted globally.

However, figuring out the best way to gift cryptocurrency can be a significant challenge. These coins have no physical representation. Worse, the recipient may not know how to get started with cryptocurrency and may sell the coins before they even have a chance to appreciate in value. 

If you've ever found yourself at the crossroads of figuring out how to gift Bitcoin, then you're in the right place. This article offers multiple secure and convenient ways to give cryptocurrency, so consider which of them is suitable for you.

First, consider why a crypto gift might be the next best gift to your partner or friends during the next holiday.

Reasons to gift cryptocurrency

1. Profit potential: Bitcoin and other cryptocurrencies are still at an early stage. For this reason, they have the potential to grow significantly in the coming years. Choosing the right coins and giving them as a gift might be an excellent way to give them the chance to make money off them someday. 
2. Transfer of value: Some parents looking to transfer assets to the next generation consider Bitcoin and cryptocurrencies an excellent option. Even large amounts of cryptocurrencies can be stored in an easily accessible wallet or transferred at the lowest possible costs. The exact use case also applies to transferring value across borders.
3.  Incentivize learning: Many people are curious about cryptocurrencies but unwilling to put money on the line to learn how it works. Gifting them Bitcoin motivates them to invest in the asset and ultimately explore the cryptocurrency industry.

Having seen why it makes sense to gift Bitcoin and cryptocurrencies, let's consider exactly how to do it.

How to gift cryptocurrency

Like every other gift, you'll need to complete several steps before presenting it in a way that appeals to the recipient. Naturally, they depend on how you plan to do that, but there is one typical stage.

The first step: get cryptocurrency if you still don't have one

If you plan to present someone with cryptocurrency, you probably already have some. However, if you have already sold or plan to get it for the first time, the initial step on your way is to get the required coins. The fastest and easiest way is to access a crypto exchange and buy Bitcoin for fiat money. If you already have some cryptocurrency, you can also trade it for the coins needed for a gift on the exchange.

Buy coins on OKX

OKX is a crypto exchange founded in 2017 by its CEO, Star Xu. The platform is known for its basket of cryptocurrencies, trading tools, staking feature, and NFT marketplace. Users in over 100 countries, including the UK, can access OKX’s suite of crypto-focused products. Like most crypto exchanges, OKX offers diverse ways to purchase Bitcoin and other coins using GBP, EUR, USD, and other supported fiat currencies. Here’s a step-by-step process to buy cryptocurrency on OKX:

• Create an account by signing up using the OKX website.
• Complete the KYC (Know Your Customer) process to verify your identity.
• Navigate to the Buy page on the OKX platform and select the crypto to buy.
• Select your desired payment method, be it bank transfer, credit/debit card, or other available options.
• Review the transaction details.
• Proceed to make the payment.
• Once completed, OKX will add the purchased cryptocurrency to the account balance.

Now, the crypto is ready for withdrawal to the account you intend to gift.

The second step: gift Bitcoin

When you have received coins to present someone with, it is time to choose how you will give them. Naturally, you can send coins to another person’s wallet if he is a crypto holder. Still, several exciting options exist if this person is new to the crypto industry.

OKX

OKX offers two methods one can use to send Bitcoin to a recipient. The first is to execute an internal transfer by sending the coin to another OKX account. You can tell the recipient to download the OKX app and register an account if they do not have one. Once they have an account, you can send the coins to them using their email, phone number, sub-account, or user ID (UID).

The second method allows you to send Bitcoin to an external crypto wallet. You request the user’s crypto wallet address on a specific blockchain to do this. Then, you transfer the coin from your OKX account using that blockchain.

Bitget

Launched in 2018, Bitget is a crypto exchange that offers various ways to buy, store, and transfer Bitcoin. You can send Bitcoin directly from your Bitget account to a recipient. To do so, request their Bitcoin address via a specific blockchain network and send the coin to them. If they also have a Bitget account, request their email address or user ID. Then, send the coin to them.

Ledger wallet

One of the most secure storage items for cryptocurrency is a hardware wallet. Imagine gifting someone with a small device resembling ordinary storage flashcards filled with coins already. That’s precisely what Ledger wallets are. The interesting part is that they are devices designed to store cryptocurrencies offline. Usually, these devices are water and virus-proof and support multi-signature transactions. They have a micro storage device backup and QR code scan camera for convenient use. The best examples of such wallets are Ledger and Trezor.

Anyone can transfer coins to such a wallet and add private keys. This gift is twice as valuable since it includes coins and a secure device to store them.

CryptoSteel Capsule

Though not exactly a direct gift of cryptocurrency, this device can be helpful for every person who once decides to deal with it. It is a premier backup tool to keep valuable data autonomously without the involvement of third parties.

CryptoSteel Capsule looks like a solid metal device that can withstand extreme conditions. It is made from a material that is stainless, shockproof, acid-resistant, and fireproof. It is compatible with most secret sharing and key generation algorithms and keeps the enclosed data secure. You can use it to store private keys that can be later retrieved to access the wallet. 

A person can give a capsule with a seed phrase that is a backup to retrieve coins in the wallet. When you download and register a wallet, this phrase is used to retrieve coins in it.

Physical Bitcoin

It is not a secret that modern digital coins have received their physical manifestations in the form of traditional steel coins. These coins can be collected and used as an attractive gift in a beautiful wrap. These coins are designed in bronze, silver, and gold and issued in limited editions. The most popular ones are called Denarium and Casascius, which look like works of high arts.

Despite their impressive design, these coins have real value since they serve as storage for a Bitcoin address and private key. They are depicted as a tamper-proof hologram on the other side of the coin and can be used to retrieve cryptocurrency.

Bitcoin Gift Card

Gift cards are a popular way to transfer value across many e-commerce and online applications. In recent times, several Bitcoin gift cards have also entered the market. Exchanges like Binance provide a gift card option you can fund using several payment methods. Remember, however, that once sent to the recipient's email, they'll still need to create a Binance account to retrieve the funds.

Paper Wallet

Can you surprise a person if you present them with a piece of paper? Undoubtedly, if it is a paper wallet that contains information needed to get physical coins. A person can find private and public keys in this wallet and a QR code to scan and add to the software wallet to complete fast transactions. Naturally, you can make these wallets more festive by ordering them on particular platforms.

Biterica

Biterica is a company dedicated to simple Bitcoin gifting. The company's core product allows crypto holders to surprise near and dear with crypto gifts. The procedure is simple and takes only two minutes to complete:

1. Enter the recipient’s email address into the respective fields on the website.
2. Set the amount.
3. Select one of the themes available.
4. Provide a note to personalize this email.
5. Fund the gift with Bitcoin.

The recipient will receive coins as a customary email. After that, they can log into the Blockchain.com account, see Bitcoin and spend it as they want.

Biterica is a secure way to gift cryptocurrency since it does not store any private keys, and all the responsibility for money is put on trusted leaders of the crypto industry – Blockchain.com and Coinbase.

Conclusion

If you've ever wondered how to gift crypto to people you love and appreciate, these simple and popular solutions can help you. Each of us wants to provide our closest people with financial security and positive emotions and crypto gifts can substitute many other presents. Select the most suitable way of gifting Bitcoin and other coins and let your dear feel loved, confident, and appreciated.