How to Gift Bitcoin to Family and Friends for Christmas: A Practical Guide for Beginners

Source: PortaldoBitcoin Original Title: How to Gift Bitcoin to Family and Friends for Christmas: A Practical Guide for Beginners Original Link: Bitcoin is becoming a part of the daily financial routine for many Brazilians and is no longer seen just as an investment restricted to experts. With increased access to cryptocurrencies, the digital asset has also become an alternative gift option, especially during holidays like Christmas.

Contrary to what many imagine, you don’t need to buy a whole Bitcoin to give as a gift, since the asset can be purchased in fractions. In addition to being an innovative gift, Bitcoin can serve as an incentive for financial and technological education, as well as carry the potential for long-term appreciation.

Step-by-step: how to gift Bitcoin

The first step is to open an account with a cryptocurrency exchange. In Brazil, one of the most well-known options allows purchasing Bitcoin in reais and offers an accessible interface for beginners. After registration, the user undergoes an identity verification process, required by regulatory and security reasons. With the account approved, it’s possible to deposit money via Pix and buy the desired amount of Bitcoin, even if it’s a small amount — the minimum is R$ 10 for BTC purchase.

After purchasing, it’s 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 not, you can assist them in installing a cryptocurrency wallet on their phone and generating a QR Code for receipt. Among the most popular options on the market are several reliable wallets. It’s essential to advise the person to securely store the 12 access words generated by the wallet, which function as a kind of password.

An interesting option is to suggest that the recipient create their own account on the exchange as part of the experience, motivated by gaining access to BTC values. The person will learn how to navigate a new financial platform and can start investing on their own afterward.

Over time and with experience, it’s advisable to self-custody the amounts that won’t be used daily.

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

Security tips for gift-givers

Security is a key point when dealing with cryptocurrencies, especially when the gift is for someone unfamiliar with the topic. It’s also recommended to proceed calmly, double-checking data before confirming any transaction, as errors cannot be corrected later.

Triple-check if the address you are sending Bitcoin to is correct. If in doubt, contact customer support at this crucial stage.

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

For those who have never interacted with cryptocurrencies, receiving Bitcoin can initially seem strange. In such cases, it’s helpful to explain simply that Bitcoin is a decentralized digital asset, which can be stored in a personal wallet and monitored via apps or online platforms. Showing how to check the balance and pointing to reliable sources of information can help the recipient feel more comfortable and interested in learning.

A good way is to explain the returns Bitcoin has provided to its investors: it was the most profitable asset in eight of the last 11 years. In 2024, it delivered a return of 179%, equivalent to 1,650% of the CDI accumulated over the period.