🎁 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 Binance

Binance is a crypto exchange created in 2017. It provides a crypto wallet for traders and offers many options for trading cryptocurrencies. Currently, it is one of the most highly visited exchanges that provide hundreds of trading pairs so users can easily buy Bitcoin and other coins for EUR, USD, GBP, and other currencies. How can you do that?

1. Register an account on the Binance exchange and verify your identity.
2. Log in to an account on the web or in the app.
3. Go to "Buy Crypto" and select the Credit/Debit Card option.
4. Input the cryptocurrency to buy and your payment currency.
5. Input the amount.
6. Review the transaction details and pay with your bank card.
7. Once completed, Binance will add the purchased assets to your wallet balance. 

Now they are ready for withdrawal to any address.

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.

Binance

One of the simplest ways to gift Bitcoin is to ask the person to open a Binance account. Once they open an account on Binance, you can transfer the coins to their account using the "Pay" option on Binance. Use the transfer by email option, input the person's provided address, and make the transfer to their account. Binance charges no fees for user-to-user transfers.

Coinbase

Coinbase is another popular platform for new crypto investors. If you can get the recipient to signup on Coinbase, you can send them Bitcoin directly using their email address. 

Some people have also mentioned the possibility of sending coins to email addresses that are not yet registered on Coinbase. If you use this option, make sure that the recipient is open to going through the work required to create and verify their Coinbase account. Once completed, the recipient can fully access the funds and withdraw them anytime.

Ledger wallet

One of the most secure storage items for cryptocurrency is a hardware wallet. These are small devices that resemble ordinary storage flashcards. However, they are certain 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.

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.

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.

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.

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.

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.

Bread Wallet

The popular cryptocurrency wallet offers an exclusive feature for gifting cryptocurrency. Even if a person does not have a Bitcoin wallet, they can receive a gift in the form of a traditional paper wallet. How does it work?

1. Register for a BRD account.
2. Select the Give the Gift of Bitcoin tab.
3. Create a so-called paper wallet with a QR code and instructions for installing BRD (it can be emailed or sent as a text message to family members and friends).
4. Choose the amount (from $25 to $500).
5. Enter the recipient’s name.
6. Choose if you agree to add $10 extra to pay for the network fee.
7. Complete the procedure.

Your wallet is now ready for gifting and you can send it to the person you want.

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.