Giving Bitcoin for the Holidays

Hello world!

If you’re looking to give the gift of bitcoin this holiday season, it can be somewhat difficult to know where to start. Whether you want to buy bitcoin as a gift or are looking to give someone bitcoin, the process of buying and giving can seem daunting if you’re not familiar with cryptocurrency. You want it to be an easy experience for both you and the person receiving the gift. This guide will help make the process more seamless for yourself & your loved ones.

Why bitcoin is a great holiday gift

The holiday season is upon us, and many people have already started listing their gift ideas for friends and family. And while some are buying and receiving socks or mugs, others want more original ideas.

In 2021 it’s time to switch it up with refreshing new ideas for gifts. Gifting cryptocurrency is a more modern and slick way to surprise your beloved ones with money as a gift. Another benefit is that Bitcoin is not just a currency, but an investment. Gifting Bitcoin jump-starts people into taking their first step towards financial independence. Many have heard of Bitcoin but taking that first step can be a lot of effort for most.

Here are 3 ways to give Bitcoin to your loved ones during the holidays.

Buying Bitcoin with Cash

1) Create a wallet

If you don’t have a Bitcoin wallet yet you will need one. You can download a bitcoin wallet like Hodl Wallet, free from the App Store or Play store. The best is that your wallet is in your mobile device, making it easy to access at any time.

2) Buy Bitcoin with Cash

The next step is to find the nearest Bitstop Bitcoin ATM. Take your phone and ID with you to purchase BTC with cash instantly. If you are a new customer, you will need to register with your name & phone number. To learn more, check out a quick tutorial here. Once registered, follow the instructions by scanning the QR code in your bitcoin wallet to the machine, inserting the cash, & sending the bitcoin to your wallet.

3) Transfer the Bitcoin from your wallet to their wallet

After the transaction, the money will be in your wallet. You can send Bitcoin from your wallet to the wallet of the person you want to gift bitcoin to by sending it to their public address. You can either scan their QR code or they can copy & send you their address for you to paste it into your wallet.

Open Dime

Keeping your bitcoin secure is a top priority when owning bitcoin. If you want to play it safe you can gift bitcoin by using an Open Dime. Open Dime was one of the first bitcoin credit sticks on the market created by Coinkite, the makers of Coldcard. It is a thin USB stick that allows you to spend bitcoin as cash. You can buy it on the Open dime website for $15. There are two aspects to this device — loading to the public address & spending with the private key.

The person gifting the bitcoin will be loading the device in the public address without having access to the private key as follows:

Connect the USB to your PC & wait for the green light to flash.
Create the private key & give the drive entropy by copying a picture file in the folder (Open Dime provides specific instructions on how to do this)
It will automatically close. Reopen the drive & you will then see the “private key” file when you open it that will say sealed. In the drive you will also see the public key address that can be inserted in any blockchain explorer site to find the QR code or you can open the QR directly from the device.
Then proceed to opening the bitcoin wallet in your mobile device to send the bitcoin to that public address by scanning the QR code on the screen.
To confirm, check the blockchain explorer to make sure the transaction was sent or check the balance on the device.

To spend the bitcoin the new user must do as follows:

Unseal the device by poking a hole with a thumbtack or nail. Push through the hole to break through a chip that’s underneath.
Connect the device & you will see a red-light flashing indicating that it’s been unsealed.
Then proceed to opening the camera on your bitcoin wallet to scan the address with the funds and transfer the bitcoin to your wallet.

Bitcoin Gift Cards

If you are looking for a bitcoin gift card, we suggest that you search the web for crypto vouchers, cards, wallets and so on, which can be found everywhere — even on Amazon.

An example is the Bitcard platform that allows you to easily give away bitcoin. In order to buy a card, you need to find a reseller, order the desired amount and submit a transaction. To redeem, you must verify your ID at Bitcard’s platform and start using your newly created digital wallet.

Dundle is another option for buying crypto vouchers. First, you select the desired amount of fiat money and decide on a crypto voucher. You can also check the “Create a printable gift” option and design your physical gift card accordingly to the occasion. The vouchers can be used for buying Bitcoin, Ethereum and other cryptocurrencies. After purchase, a digital code would be immediately sent to your email. The gifting itself requires a wallet and registration on CryptoVoucher, where the value will be received.

Ballet Crypto is another interesting way for gifting Bitcoin in a physical form. The website offers vouchers for different cryptocurrencies with elegant or holiday-themed designs, and even and limited-time collections specials. In order to gift, you need to order the physical copy, which stores the crypto address. The deposit process happens through the Ballet Crypto App. Some of the gift cards require no registration, while others are “unlocked” via passphrase creation. You can even level-up the look with an acrylic protective case. The solution is great for long-term holding too and makes investing a little bit more fun.

Those are only some of the companies that provide gifting methods via cards, vouchers, wallet papers and many more solutions. When deciding how to gift bitcoin for the holidays, it’s important to aim for easy and secure purchase and redemption. That way you will be sure that your giftee can access their digital currency at any time. Even though Blockchain can sound little complicated, physical wallets make trading understandable and familiar for everyone.

Bitcoin — The Next Most-Wanted Holiday Gift

The market is moving fast and crypto is entering our daily lives. This year, it will settle under the Christmas tree too! We can surely say that buying and gifting Bitcoin is becoming more convenient and faster with each day. That’s why it’s important to beware of all the possible ways to purchase, gift and receive digital currencies.

Bitcoin ATMs, hardware wallets, gift cards and vouchers — they all are turning cryptocurrencies exchanges into a fun game. With exciting and practical designs, physical gift cards are great for people who are just starting with trading and investing. During the holidays, it is good to give our loved ones the opportunity to learn something new and receive a valuable gift that is more than a present, and rather an investment opportunity in the long run.

Bitcoin really is the next big thing among Holiday gifts! Change it up this year and give your loved ones the gift of financial freedom. Good Luck & Happy Holidays!