It's that time of year once more. The Christmas season!
For many of us, it's a time to appreciate loved ones, coworkers, or individuals who have impacted us in some manner for the year. As a result, the Christmas season is always the perfect time of the year to give a gift to these special people in our lives.
However, many people frequently struggle with determining the appropriate gift to give a person, particularly someone they believe has the essential possession of a gift item. If this is you, you don't need to think too hard about a gift this season; cryptocurrency can fit the bill.
So, why should you give cryptocurrency as a gift to anyone? How do you go about giving cryptocurrency as a gift to your loved ones?
Why Use Cryptocurrency As A Gift
- Valuable Investment: Gifts are expected to be useful to the recipient, and cryptocurrency serves as both an investment instrument and a medium of exchange. As a result, it is an ideal gift because its value can grow over time and can also be used to shop at numerous outlets that accept cryptocurrency payments.
- It is trendy: The global usage of cryptocurrency is increasing, and various new and intriguing developments have occurred within the crypto ecosystem. Various advancements such as GameFi, NFT Collectibles, Metaverse, and Web3 are trendy cryptocurrency adoption, making it a fantastic gift for anyone.
- Never out of stock: Perhaps you want to acquire a video game console as a gift, only to find out that the Christmas deals have closed and are out of stock. Unsurprisingly, popular gift items are sometimes out of stock during the holiday season. However, the beautiful thing about crypto gifts is that they are never out of stock because there are so many assets to pick from. As a result, it's an ideal holiday gift because you'll never have to worry about the item running out of stock.
Now you understand why the cryptocurrency is the ideal gift to offer this holiday season, let's look at the various methods you can give cryptocurrency as a gift to your loved ones.
How To Gift Cryptocurrency
It is simple to give cryptocurrency as a gift to anyone. They only require a crypto wallet to receive whatever asset you send them. But, on the other hand, giving cryptocurrency is more than just the monetary value of the asset; you're also educating the recipient about cryptocurrency, blockchain technology, and decentralization in general. So, what are the different crypto assets you can give as a gift?
Coin and Tokens
There are various cryptocurrency tokens with real-world applications that you can give as a gift. Whether the recipient is a complete novice or has prior knowledge of cryptocurrency, anyone would enjoy a crypto coin with growth potential. So the first step is to have enough tokens to share. And once you've decided on the token to offer, you may send it directly to your receiver, with the token's value reflecting immediately. After that, they can either keep their token or withdraw it in fiat.
On the other hand, you can physically give them the gift of cryptocurrency via a paper wallet or hardware wallet. For the paper wallet, the private and public keys are stored on the unique paper wallet, and usually in a QR code where the recipient can scan and access the crypto asset. Similarly, hardware wallets allow recipients to access their crypto gift after logging into the wallet software. However, the problem with paper and hardware wallets is that they are difficult to utilize for a recipient who is unfamiliar with cryptocurrencies.
Exchange Gift Card
Crypto Gift Cards function similarly to regular gift cards in that they may be redeemed for money or used to make online purchases; Binance, Coinbase, and some exchanges are leading companies that allow the creation of gift cards. So, If you want to appreciate your loved ones or a colleague by giving them money, you might create a virtual gift card on enabled exchanges and send it to them. Of course, they will be required to open an account with the particular exchange and complete a KYC process to redeem the card; nevertheless, their interest may peak during the process, and they may learn a few new things about trading cryptocurrency.
Non-fungible Tokens (NFTs)
NFTs are great items to give anyone, whether they are new to cryptocurrency or experienced. The procedure is similar to sending cryptocurrency from an exchange to a person's wallet. However, instead of a crypto exchange, an NFT marketplace is required. Since 2020, NFTs have been a popular craze in which people buy parts of a collection to become club members, such as the Bored Apes Yacht Club (BAYC) NFT, Crypto Punks NFT Collections, and so on.
Even though many well-liked collections have already peaked and are prohibitively expensive to acquire, several other NFT collections can be used for gift purposes. In addition, however, there are new NFT communities with excellent prospects available so that you might get in early as a gift for friends, family, and loved ones.
Of course, you can consider other cryptocurrency gift options, but the ones listed above have a higher value. They can also serve as an investment instrument for the recipient.
How To Give Cryptocurrency As Gift With Cwallet
Cwallet allows you to give your loved ones any crypto asset. And, unlike other crypto wallets that require your recipient to have a crypto wallet to receive their crypto gift, Cwallet allows you to send cryptocurrency to anyone, even if they do not have a crypto wallet.
With Cwallet, you can help your loved ones get their first crypto assets using simple bot commands on Twitter, Telegram, And Discord.
For example, a simple tweet like "@Cwallet com Tip 0.5 BTC @Elonmusk" can instantly send Elon Musk 0.5 Bitcoin regardless of whether he has previously opened an account. Elon Musk only needs to visit the Cwallet website, sign in using his Twitter account, and immediately access his Bitcoin, which he can withdraw or exchange for other tokens at no cost; EASY AND FREE!
Similarly, you may use Telegram or Discord to transmit bitcoin to anyone with simple commands, making it simple for them to have their first crypto wallet if they are a newbie or a different wallet with intriguing features if they are experienced. So, to send your cryptocurrency gift with Telegram, you need to invite the Cwallet bot (@Cctip bot) to your Telegram and send it to single or multiple recipients, depending on your command.
Check out the Cwallet bot commands for Twitter, Discord, And Telegram to easily send cryptocurrency to your loved ones.
What Next After Your Recipient Gets Their Cryptocurrency?
After you send the desired cryptocurrency to the recipient, they can access it immediately via a one-time login via the official Cwallet page. If they choose to keep their token, they must strengthen the security so that their tokens are not lost if their Twitter, Telegram, or Discord accounts are compromised. Enabling two-factor authentication will safeguard their crypto asset.
After implementing these controls, they may download the Cwallet mobile app to receive push notifications on transaction and login statuses. Furthermore, the Cwallet Mobile App provides a more seamless experience by allowing you to complete transactions on the go.
So, What Are You Waiting For?
Everyone enjoys receiving gifts. And, of course, the gift will be well appreciated as long as it adds value to the recipient. Yes, you understand why cryptocurrency is the best gift you can offer your loved ones this holiday season, and you know how to send it to them smoothly.
So, what are you waiting for?
To Begin, Download the mobile app or sign up via the desktop version, deposit some tokens, and you can begin sending cryptocurrency as gifts to your loved ones via Twitter, Telegram, And Discord.
Remember, IT'S COMPLETELY FREE!
Ensure to check the Cwallet Blog daily for articles that help you understand cryptocurrency and blockchain technology tenets. Join us on telegram for more information.
Cwallet does not charge any deposits, withdrawals, and token swap fees. Therefore, using Cwallet is absolutely FREE!
So, what are you waiting for?
Download Cwallet NOW.