We give gifts to our loved ones but have you ever heard about bitcoin as a gift? No? You do not need to worry since, in this article, you find the right way of using bitcoin as a gift. Yes, you can give bitcoin to your friends/family or relatives as a gift on occasion. All the doubts about the bitcoin gift will be apparent because we will learn in-depth. bitcoin-eraapp.com will help you to understand it in more detail.
Bitcoin in Brief
Bitcoin is the same as the domestic currency but available only in digital form, which means you cannot use it physically. There are no coins or paper notes of bitcoin. Bitcoin came into existence in 2008 by a man named Satoshi Nakamoto to solve the problems of laypeople. This digital coin has multiple usages that no other cash or currency can provide.
Many usages
People can use bitcoin in multiple ways given below:-
- Bitcoin investing is the best way to earn a huge profit because the price of bitcoin will increase in the process. If you hold bitcoin for more than five years, you will get a considerable profit from it.
- People can send and receive bitcoin as we send and receive fiat currency by using the internet or mobile banking.
- People can buy and sell bitcoin at any time because this coin is highly liquid.
- If you can bear the high-risk short-term investing in bitcoin, you can try bitcoin trading. Bitcoin trading is the short-term spending in bitcoin that may be for one minute, one hour, one day, one week, or one month or not more than a year.
- If you are selling goods and services on the internet, you can receive Bitcoin payments by integrating code into your website. If running an offline store, you can easily buy bitcoin by generating a QR code.
- Bitcoin mining is the best platform to make a significant amount of money because miners get 6.25 bitcoin by solving required bitcoin transactions on the blockchain platform.
- If you have enough bitcoin knowledge, you can charge other people to consult or tell them. Many people are making money by just sharing their bitcoin knowledge with others.
Bitcoin as a Gift
We heard about all the other gifts we give to our loved ones, but you can also provide bitcoin to your friend, family, or relatives. It is the best form of gift because it will increase your reputation in the eyes of your friends, family or relatives or to whom you are giving. Bitcoin is a dream for some people, and they will go crazy after hearing that you are giving a gift to them.
In which form can you give bitcoin as a gift?
Bitcoin is not available in complex or physical form, which means you cannot give them physically like a paper note or coin. It will also be complicated to send bitcoin to the receiver’s wallet. If they have no bitcoin wallet, they have to create a bitcoin wallet first, which will be a long process. So you can give bitcoin as a gift through a paper wallet which is a prevalent and secure form of bitcoin wallet.
Why Paper wallet?
If I transfer some money to your bank account through Google pay or another online payment method on your birthday, Will you be happy with that? No, because everyone wants gifts in physical form and paper wallets also exist in physical form. Many websites available on the internet will help you generate a bitcoin paper wallet. Then, you can take a print of that wallet and give it a gift.
Process of preparing gift
- Search on the internet “bitcoin paper wallet generator” and click on the top website.
- Move the cursor until the website shows two QR codes (Sending Key and Receiving key).
- Print out the wallet with private and public key QR codes.
- Send the bitcoin from your other bitcoin wallet to the paper wallet by scanning the QR code or by filling the public key.
- The gift is ready to send. Now you can pack the gift and surprise all with your unique gift. There is no limit on gifts, which means you can give a small number of bitcoin units such as bitcoin worth 10 dollars, 50 dollars, 100 dollars, etc.
Conclusion
Bitcoin is a unique gift because you can surprise all the people by giving a special gift and making your reputation strong in front of everyone. No matter if bitcoin units are worth 10 dollars or 1000 dollars because a gift is always a gift. Create a paper wallet, add bitcoin in the wallet, and send it to whom you want to surprise.
