How to give Bitcoin as a gift to family and friends at Christmas: a practical guide for beginners

Source: PortaldoBitcoin Original Title: How to give Bitcoin as a gift to family and friends at Christmas: a practical guide for beginners Original Link: Bitcoin has been consolidating itself as part of the financial daily life of many Brazilians and is no longer seen only as an investment restricted to specialists. With the widening access to cryptocurrencies, the digital asset has also begun to be considered an alternative gift, especially on commemorative dates like Christmas.

Unlike what many imagine, it is not necessary to buy a whole Bitcoin to gift someone, as the asset can be purchased in fractions. Besides being an innovative gift, Bitcoin can serve as an incentive for financial and technological education, as well as carrying the potential for long-term appreciation.

Step by step: how to gift Bitcoin

The first step is to open an account at a cryptocurrency exchange. In Brazil, one of the well-known options is a certain exchange that allows the purchase of Bitcoin in reais and offers an accessible interface for beginners. After registration, the user goes through an identity verification process, required for regulatory and security reasons. Once the account is approved, it is possible to deposit money via Pix and purchase the desired amount of Bitcoin, even if it is a small amount.

After the purchase, it is necessary to set the destination wallet. If the recipient already has a Bitcoin wallet, the asset can be sent directly to the provided address. If they do not have one yet, you can assist them in installing a cryptocurrency wallet on their mobile phone and generating a QR Code for receiving. Among the most popular options in the market are MetaMask, Trust Wallet, among others. It is essential to advise the person to securely store the 12 access words generated by the wallet, which act as a kind of password.

An interesting option is to tell the person who will receive the gift to create their own account at the exchange, as part of the experience, with the motivation of having access to the amounts in BTC. The person will learn to navigate a new financial platform and then will be able to start investing on their own.

With time and experience, it is advisable to self-custody the amounts that will not be touched on a daily basis.

The sending of Bitcoin is done directly by the exchange. Just request the withdrawal of the asset, enter the destination address, and confirm the operation. After confirmation on the network, the Bitcoin officially belongs to the recipient, without the need for intermediaries.

Security tips for gift givers

Security is a central point when dealing with cryptocurrencies, especially when the present is intended for someone who is not yet familiar with the topic. It is also advisable to carry out the entire process calmly, checking the data before confirming any transaction, as errors cannot be corrected later.

Check three times if the address you are sending the Bitcoin to is correct. If in doubt, contact customer support at this crucial stage.

How to explain the present to someone who has never had Bitcoin

For those who have never had contact with cryptocurrencies, receiving Bitcoin can cause initial strangeness. In these cases, it is worth explaining simply that Bitcoin is a decentralized digital asset that can be stored in a personal wallet and tracked by apps or online platforms. Showing how to check the balance and indicating reliable sources of information can help the recipient feel more comfortable and interested in learning.

A good way is to explain the return that Bitcoin has provided to its investors: it was the asset with the highest profitability in eight of the last 11 years. In 2024, it delivered a return of 179%, demonstrating its potential for long-term appreciation.