How to gift bitcoin?

The easiest way to gift bitcoin is by making a paper wallet, printed with the owner's private and public keys. Many exchanges offer digital gift cards that can be redeemed for cryptocurrency. Hardware wallets are the most secure way to store cryptocurrency, but they are also fairly expensive.

What is a cryptocurrency gift?

Cryptocurrency gifts can function as speculative investments or simply as an equivalent to cash to buy things online. These digital assets are now fairly easy to buy and gift. Options include purchasing a gift card or using a cryptocurrency exchange.

What is a bitcoin transaction?

A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.

How do gift cards work?

Once the payment is made, you’ll be sent a gift card worth the amount you deposited. Similar to the way standard retailer gift cards work, the recipient can redeem the gift by going to the same website and entering the details displayed on the card. Another option is to gift cryptocurrency via an exchange.