Since its creation, Bitcoin has risen in global popularity and adoption within investment portfolios, e-commerce sites, and payment options. The crypto market has continued to increase in 2024, reaching impressive numbers reflecting Bitcoin’s acceptance and usage worldwide.
This makes Bitcoin a valuable asset ideal for gifting as a modern and unique present. Not like traditional gifts, such as clothing, gadgets, or fiat money, Bitcoin has the investment potential to appreciate and grow its value over time.
This makes gifting Bitcoin a thoughtful and profitable gift.
This post will share our top 5 ways of gifting Bitcoin. We will explain how to do it, the expertise needed to manage it, and who the ideal recipient would be for each.
1. Material Bitcoin: The Elegant and Secure Way
🎁Ideal Receiver: Security-conscious individuals.
🚩Difficulty Level: Easy.
🫰Cost: $89 +
Step-by-Step How-To:
1. Buy a Material Bitcoin hardware wallet.
- You can do this online and even pay in cash upon delivery if privacy and anonymity are important to you.
2. Set up the wallet.
- Follow the easy step-by-step guidelines.
- Additionally, you can gift the wallet as is and send the Bitcoin afterward, which we will share how to do later on in this post.
3. Buy directly or transfer Bitcoin to the wallet: You can do this straight from the Material Bitcoin wallet.
✅ Why It’s Ideal: Material Bitcoin is one of the best hardware wallets available, offering the highest level of security. It protects Bitcoin from online threats, such as hacking and cyber scams as it is completely offline. It is designed of stainless steel and is therefore waterproof and fire-resistant, making it a durable option to last a lifetime.
Its elegant design makes it a luxurious and thoughtful gift, perfect for special occasions like a wedding gift for a couple or the birth of a child. With Material Bitcoin, the recipient can rest assured that their BTC is safe, providing peace of mind and a valuable asset for the future.
2. Bitcoin Gift Cards: The Convenient Way
🎁 Ideal Receiver: Casual users, beginners, and those who aren’t familiar with crypto.
🚩 Difficulty Level: Easy.
🫰 Cost: Prices range based on the gift size you wish to give.
Step-by-Step How-To:
1. Choose a reputable service.
- You can buy the gift card from a well-known exchange, like Binance, or the Bitcoin-only exchange Swan. *Not all crypto exchanges will offer gift card options.
- Or, platforms like Bitrefill are specific to gift card purchases and offer Bitcoin as an option.
2. For Bitrefill gift cards, select the desired amount and purchase the gift card.
- You can buy Bitcoin subscriptions to exchanges and wallets.
- You can even pay with Bitcoin, helping to keep your purchase anonymous.
3. Send the gift card electronically or print it out to gift physically.
✅ Why It’s Ideal: It’s easy to purchase for the gifter and straightforward to use for the receiver. Bitcoin gift cards are perfect for those new to crypto since they provide a clear way to gift Bitcoin without the need for complex setups or technical knowledge. These platforms are ideal for casual crypto users who want to utilize the benefits of Bitcoin but don’t want to mess with the technicalities of it.
3. Direct Transfer: Quick and Personal
🎁 Ideal Receiver: Friends, family members, and the tech-savvy.
🚩 Difficulty Level: Easy to moderate.
🫰 Cost: Moderate – You will pay blockchain fees for processing the transfer.
Step-by-Step How-To:
1. Make sure that the recipient has a Bitcoin wallet: You will need their public address for their Bitcoin wallet.
2. Use a crypto exchange or wallet to send the BTC.
- You can either send the Bitcoin from an exchange to the recipient’s wallet or if you have a Material Bitcoin hardware wallet, you can directly send Bitcoin from your wallet to theirs.
Here is a detailed guide on how to send Bitcoin from your wallet.
3. Transfer the Bitcoin to the recipient’s wallet address
- Indicate the amount of BTC you want to send.
- Initiate the transfer from your exchange account or wallet to their wallet.
✅ Why It’s Ideal: This is a more personal and immediate way of sending BTC. This method allows you to gift Bitcoin swiftly and securely, guaranteeing that the recipient receives it almost instantly. Perfect for close friends and family members, as it adds a personal touch to the gift.
4. Bitcoin Paper Wallet: Maintaining Tradition with Modernity
🎁 Ideal Receiver: Bitcoin investors who feel more comfortable with traditional mediums.
🚩 Difficulty Level: Moderate – Hard.
🫰 Cost: Low
Step-by-Step How-To:
1. Generate a paper wallet using a secure online generator
- Only use a trusted service like Bitaddress or Walletgenerator to create free public and private QR Codes and addresses.
2. Print the wallet
- You can either print the paper wallet directly from your computer, buy a printed wallet through the paper wallet provider or hand draw the QR Code.
3. Give the printed wallet as a physical gift wrapped with a bow.
- Make sure to include instructions on how the recipient can import the wallet into a hardware wallet for future transactions and safer keeping.
✅ Why It’s Ideal: It combines a physical gift with digital assets, making it ideal for the old-school receiver. A Bitcoin paper wallet provides a tangible way to hold cryptocurrency, but we must warn that it isn’t the safest option for storing crypto.
⚠️Paper is highly delicate and can deteriorate with normal wear and tear. We suggest always transferring the crypto straight onto a cold wallet, like Material Bitcoin cold wallets, as soon as possible.
5. Physical Bitcoin Coin: For the True Collector
🎁 Ideal Receiver: Crypto enthusiasts and collectors who will get a kick out of the novelty of the physical coin.
🚩 Difficulty Level: High
🫰 Cost: High
Step-by-Step How-To:
1. Purchase a physical Bitcoin coin
- Websites like Denarium Coins or Casascius Coins used to provide this service, but have since discontinued their production.
- This has only driven the price of these coins higher as they are now being auctioned off on eBay and other platforms.
2. Ensure the coin’s authenticity and security
- To verify that the coin has never been used, make sure it comes with a tamper-evident hologram to protect the private key.
- If this is missing, then it has already been used before and won’t be the safest option for storing and trading future BTC.
3. Gift the physical Bitcoin coin
- Remember to indicate or warn the receiver if this is a novelty present or if they can use it for future transactions.
✅ Why It’s Ideal: Physical Bitcoin coins are ideal for collectors and crypto lovers who appreciate the uniqueness of this object in the world of digital finance.
The Best Ways to Gift Bitcoin
Gifting Bitcoin is a modern and well-thought-out gift that provides a valuable asset to your loved ones. Whether you’re gifting to an older generation who can safeguard for their future retirement, newborn babies for long-term savings, college students needing a financial head start, or friends who love innovative tech, Bitcoin is a modern and exciting gift.
There are various ways of gifting BTC, but Material Bitcoin stands out as the easiest, most user-friendly, and secure option. Material Bitcoin ensures a hassle-free and secure gifting experience that combines elegance with security.
FAQs
How are crypto gifts taxed?
- Crypto gifts are generally subject to gift tax regulations, which vary by country.
What is the cheapest way to gift Bitcoin?
- Direct transfer, ideally from one wallet to another is best.
How to gift Bitcoin anonymously?
- Create a new wallet, transfer Bitcoin to it, and share the wallet details without linking your identity. Material Bitcoin allows you to purchase wallets online by paying with cash upon arrival, while some BTC gift card platforms also allow you to use Bitcoin to pay for gift cards.
How do I send someone Bitcoin?
- Either buy a cold wallet and store it with BTC, or transfer Bitcoin to their existing wallet address.
Can I gift crypto to a friend?
- Choose a method like Material Bitcoin, gift cards, or direct transfer, and follow the necessary steps.
Which is the safest way to gift Bitcoin?
- Material Bitcoin is the safest, offering top-notch security with an elegant, user-friendly hardware wallet.
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