How to Gift Someone Crypto for Christmas
Learn how you can give your loved ones crypto during the festive season with the help of Trust Wallet.
Crypto for Christmas
The ho ho holidays are here! That means that we are all looking for gift ideas for the people we hold dear.
Here’s an idea: gift your loved ones some crypto!
Read on to learn how you can gift someone cryptocurrency this Christmas using Trust Wallet.
Crypto’s Hot Under This Year’s Christmas Tree
2021 has been a great year for cryptocurrencies, with the likes of Bitcoin (BTC) hitting an all-time high of $68,000+ in early November.
From early adopters to recently-joined crypto investors, most people in crypto are having a stellar year.
So why not gift that same experience to a loved one?
Gifting someone bitcoin or another cryptocurrency with a high upside price potential could mean that your gift will increase in value in the coming years.
That’s a lot better than socks or a sweater!
But gifting crypto is not just about money. You are also introducing the recipient to the future of finance, thus giving the gift of education as well.
When you are handing over crypto as a Christmas gift, you will inevitably explain to them what cryptocurrency is, how a crypto wallet works, what decentralization applications are, how people are making money in the crypto markets.
Moreover, it will show them to use a digital currency like bitcoin that has the potential to become a globally accepted currency in the future.
With this in mind, let’s dive in and look at how you can gift crypto this Christmas with the help of Trust Wallet.
How to Gift Crypto with Trust Wallet
The first step in gifting someone crypto for Christmas is to have some crypto to give. If you don’t have (enough) cryptocurrency in your wallet, you will need to buy some so you can gift your loved ones.
Trust Wallet enables you to buy a wide range of digital currencies and tokens using the wallet’s in-app crypto purchase feature that allows you to buy crypto with a debit or credit card.
Let’s walk through the steps to buy bitcoin using Trust Wallet.
Buying Crypto with Trust Wallet
Assuming you have already downloaded and set up your Trust Wallet, the steps to buy bitcoin (BTC) are as follows.
Click on your bitcoin wallet.
Then, click on the ‘Buy’ that appears at the top right of your bitcoin wallet.
Type in the amount of bitcoin you want to buy in US dollars and choose which payment provider you would like to use. (You have the choice between Ramp, Mercuryo, MoonPay, and Simplex for buying bitcoin.)
The app will then lead you to a site where you can enter your credit/debit card details to complete the transaction. This site is secure and safe to use. After entering your details, click on ‘Buy’.
Head back to the app and you will see the amount of bitcoin you have purchased in your wallet shortly.
Now that you have purchased some bitcoin to gift this Christmas let’s take a look at the actual gifting process.
Giving Crypto as a Gift with Trust Wallet
Before you can set your gift recipient up with Trust Wallet, you need to explain to them that you will gift them bitcoin that they will hold in a secure mobile wallet and how important it is to back up their wallet.
Once your loved one has understood the basics of how to hold bitcoin securely in a crypto wallet, you can proceed to set them up with Trust Wallet and send them the BTC.
Sit down with your gift recipient and have them download Trust Wallet. Once they have downloaded it, make sure they back up their wallet by writing it down on a piece of paper and storing it securely. For example; in a safe.
Once they are set up, open your bitcoin wallet in Trust Wallet and click on the ‘Send’ tab.
Access your loved one’s recipient address by asking them to click on the ‘receive’ tab in their bitcoin wallet. They can also share the address through your preferred messaging app by clicking on the ‘share’ tab.
Scan their bitcoin wallet’s QR code and type in the amount of bitcoin you want to gift them.
Click on ‘Next.’
Double-check that all transaction details are correct and, finally, click ‘Confirm’ to complete the transaction.
Your loved one will receive their bitcoin within a few minutes. At this point, you can spend some quality time with them, explaining how digital currency has the potential to change the financial system forever.
Giving the Gift of Crypto & Knowledge
By gifting your loved one cryptocurrency this Christmas, you are not only giving them a digital asset that has the potential to increase in value over time, but you are also giving them early access to the evolution of money.
What’s more, should your loved one decide to play around with their Trust Wallet, they will end up being exposed to a variety of exciting new things that are poised to shape our future, such as decentralized finance, Web3.0, and the metaverse. It truly is the perfect gift for Christmas (if we don’t say so ourselves…).