How to Gift Bitcoin for the Holidays
In December of 2020 alone, Bitcoin has reached an all time high of $28,975, tripling its price this year. The buying and selling of cryptocurrencies has seen a steady surge in popularity since the beginning of 2020, especially for Bitcoin. This makes Bitcoin the perfect gift for the holidays. Gift Bitcoin to your loved ones this holiday season and help them get in on the cryptocurrency frenzy! However, Bitcoin and the world of cryptocurrency may still seem complicated. That’s okay! As you continue reading, Pelicoin will break down how to gift Bitcoin for the holidays.
There are multiple ways to gift Bitcoin to a loved one, neighbor, or coworker this holiday season. You can gift someone coin vouchers, physical Bitcoins, mining rigs, or coin wallets, and all of these gifts are easy to understand and operate. Below, Pelicoin has come up with an in-depth list of ways to gift Bitcoin for the holidays.
1. Paper Wallets
Paper wallets are a very simple and practical way to gift Bitcoin. Paper wallets are an offline way of storing Bitcoin information. The wallet key and QR codes are printed onto a physical piece of paper. This is a very secure way of storing Bitcoin information rather than on the internet. However, it is important that you keep the paper wallet secure, being careful not to lose it or damage it before you gifting it.
2. Hardware Wallets
Hardware wallets, or physical wallets, are another secure, offline method of storing Bitcoin information. Growing in popularity, hardware wallets are similar in look to USB drives, SD cards or hard drives. They are the perfect method for gifting Bitcoin. They store your wallet key, have a QR scan code, and can send and receive Bitcoin. Plus, most of them are waterproof! Some popular examples of hardware wallets are the Trezor and the Ledger Nano S.
3. Bitcoin Gift Cards
Of course, gift cards are always welcome holiday gifts. Now, you can gift your family and friends with a Bitcoin gift card. There websites like bit4coin that allow you purchase Bitcoin gift cards or vouchers from their website and mail them to any address you want. Like most other gift cards, the recipient can redeem their Bitcoin gift card at the current exchange rate.
4. Physical Coins
A more novel way to gift Bitcoin for the holidays is by purchasing physical coins. Most people use physical coins as collector’s items rather than for making purchases. These physical coins are purely for novelty and don’t actually serve as virtual currency; however, some have spaces to store private keys. They are made of bronze, silver, and gold, and often designed as one of a kind or limited editions. Denarium is the most accessible physical currency for Bitcoin. Casascius coins have become much more rare and are no longer in production, with just over 20,000 physical coins left active. These coins come with a Bitcoin address and a wallet key stored in an extremely secure hologram.
Buy and Gift Bitcoin with Pelicoin ATMs
If you live in Louisiana, Texas, Mississippi, Alabama, or Tennessee, you can use Pelicoin ATMs to gift Bitcoin for the holidays. Our ATMs are the most secure cryptocurrency ATM network in the Gulf South, with over 35 locations. They are easy to use and can be found in locations open late or 24 hours.
Pelicoin ATMs send cryptocurrency through three different methods: QR Scan Codes, digital wallet addresses, or paper wallets. You should select “QR Code Scan” if you would like to gift Bitcoin to another person’s wallet and you have their QR code. If you would like to gift Bitcoin to another person’s wallet and you have their digital wallet address, select “Enter Wallet Address”. Select “Paper Wallet”, if you like to gift someone a paper wallet with all their Bitcoin information printed onto it.
First, tap the "Buy Coins" button on the start screen and then select the amount of U.S. dollars you want to convert into Bitcoin. Our ATMs are modeled after traditional cash ATMs for convenience and security. You will need at least $20 in cash to make a Bitcoin purchase. Using the keypad, type in your cell phone number and then the verification code sent to your phone. Choose which cryptocurrency you would like to gift, in this case Bitcoin (BTC), and then how you would like to gift it.
Enter the dollar amount you want to use for the transaction and you will see the conversion rate to Bitcoin. Keep in mind that you will only be purchasing a fraction of Bitcoin, as currently, one Bitcoin is worth $28,975. For example, if you purchase $50 worth of Bitcoin, you will only be purchasing 0.0021 BTC.
Bitcoin Is The Perfect Holiday Gift
Bitcoin’s popularity is undeniable. It remains by far the most successful cryptocurrency on the market and more and more people are utilizing blockchain technology everyday. When you know how to gift Bitcoin for the holidays, you can help your family and friends navigate all the tools in the world of Bitcoin. Now is great time to get into Bitcoin as prices are reaching all time highs and speculators think it will continue surging in the future.
Pelicoin Helps You Gift Bitcoin for the Holidays
Getting started with Bitcoin trading and investing can be intimidating. Pelicoin is here to help! Scattered across the Gulf South with over 35 ATM locations, Pelicoin ATMs are the perfect place to gift Bitcoin for the holidays. You can send Bitcoin to anyone with our ATMs, as long as you have $20 in cash. Don’t worry if your loved one has never used Bitcoin before. You can create a paper wallet that will store their personal Bitcoin information and gift that to them by mail or tucked away in a holiday card! Call one of our helpful support team members to answer your questions. Go and find a Pelicoin Bitcoin ATM near you!