How to buy crypto as a Christmas gift, stress-free
Ah, the Holidays, a joyous season filled with long lines, upset customers, and the stress of finding the perfect gift for a loved one. The days are counting down, and if you haven’t done your gift shopping yet you should hurry, as the lines aren’t getting any shorter. Don’t feel like fighting over the last Nintendo Switch or that last copy of Smash Bros? Cryptocurrency may be the perfect solution to your problems.
According to Forbes, one in four millennials (18-34 years old) say they prefer bitcoin over stocks. 2018 was a hard year for bitcoin and cryptocurrencies in general. Bitcoin plummeted from its high in 2017, but because of that many are expecting bitcoin’s value to rise next year. Cryptocurrencies are the perfect way to get someone you love interested in the investment world. But what if the person you’re giving bitcoin to isn’t interested in investing? Multiple companies, like Microsoft and the popular streaming service Twitch, have expanded their payment services to include bitcoin. And if they can’t find a company they like that accepts bitcoin? Simple, a variety of cryptocurrency exchanges provide platforms for selling bitcoin for cash.
Crypto paper wallet or bitcoin gift cards
Paper wallets or bitcoin gift cards are perfect alternatives for both beginners and veterans of the crypto industry. They’re physical, which means they can be stored in a safe place at home or in the office. They’re also a much more secure method of storage compared to online services or storing through an exchange. Bitcoinpaperwallet.com offers a variety of paper wallets which can be used to store various different types of cryptoassets. The wallets can be printed from home and even sealed with a holographic sticker that will show if the wallet has been tampered with. Each wallet comes with instructions on how to store or spend whichever cryptocurrency you choose.
Hardware wallets, also known as cold storage, are physical storage units for cryptocurrencies often similar in size to micro USBs. Their small size makes them a perfect stocking stuffer. Having a physical wallet ensures the security of cryptoassets by placing them directly in your hand. They’re portable and small enough to be stored anywhere around the house. The only drawback to hardware wallets is that their security relies on the owner, and if the owner loses the wallet they lose their cryptocurrency too, so make sure whoever you give it to is responsible enough not to misplace it. Companies like KeepKey, Trezor and Ledger all offer sleek versions of hardware wallets anyone would enjoy.
Maybe the person you are giving a gift to already owns cryptocurrencies, or knows even more about it than you do. Earlier this year HTC released the Exodus One, one of the first cell phones equipped with blockchain technology that allows for the storage of digital currencies. The Exodus One has been built with cryptocurrencies in mind. They are a secure, efficient and convenient way to store and exchange cryptocurrencies. This gift is enough to make any crypto enthusiast’s eyes light up.
The gift that keeps on giving
One of the perks of cryptocurrencies is that they can be purchased from the convenience of your own home. No longer must we wade through crowds, wait in long lines or race through malls searching for that perfect gift. The perfect gift can now be found from the comfort of your couch. The holidays are about spending time with the ones we love, perhaps singing carols or, if your family is like mine, loudly “discussing” politics over dinner. If you still haven’t found that last-minute gift, consider the gift that literally keeps on giving — cryptocurrencies.