Topic: Bitcoin as gift (Read 627 times)

I agree with you totally and if Op still want to gift his friend Bitcoin worth of $200, he should first of all ensure that he teaches his friend about bitcoin and also show his friend how to withdraw his bitcoin to fiat.
Don't try to make him believe he must leave the bitcoin for x amount of years before he will reap it. If it is so, they will not enjoy the gift. Just explain everything to your friend and allow him to make decisions himself.

It will be hard that you will gift someone bitcoin now and the person will not appreciate it, most people in urban areas already know about bitcoin, some of them might not be holding bitcoin or they might not know much about bitcoin, but they have heard about bitcoin before and they will want to hold bitcoin, if you gift anyone bitcoin they will really appreciate.

as much as gifting someone Bitcoin is a good idea, not everyone would appreciate it, some persons would prefer you give them Fiat even it means sharing the equivalent into 2, so when you want to gift anyone or anything ensure the benefactor knows duly what they're receiving. Even if it means you taking your time to lecture them on it and be sure of their interest and desire too.

In my opinion, yes, it is cool. But this is my opinion -- the opinion of a Bitcoin fan. It's hard to speak in the name of someone else. Yet, since you said that your friend is interested about what you tell him about Bitcoin, such present may be suitable. It is also a way of promoting Bitcoin, of raising more awareness about Bitcoin, even helping people which do not know Bitcoin to learn about it.

Besides, a gift in BTC is not necessarily needed, if you do not have the funds. It can also be something Bitcoin-related. I don't know what amount you had in mind for the gift but, if the amount was too big, you can always try something else, but which is also very interesting: maybe a hardware wallet? Someone receiving a hardware wallet should be interested in using it, in playing with it, therefore this person may become a new Bitcoin user. A physical coin may also be a nice gift. You can find all sort of coins, from those cheap ones from AliExpress to those special ones, more expensive, but totally worth it, such as Casascius, Lealana or Kialara coins. Last, but not least, you can also find other Bitcoin-related articles, from fridge magnets to dices, decks of cards, magazines and so on.


So what happened in the end? What present did you give him? Was it Bitcoin-related?

Giving bitcoins as a gift on a birthday is definitely a great idea and your friend will be very happy to receive it even though $200 may not be a huge amount for him but at least your friend can invest the bitcoins you gave him for the long term.
By giving away bitcoins, it means that you have introduced bitcoins and encouraged your friend to adapt to bitcoins so that he will be more interested in learning more information about bitcoins after receiving his first bitcoin from you.

Yes for me is a very nice ideal to gift a friend bitcoin for his/her birthday because most people don’t believe bitcoin is real
So making most people not to invest or use bitcoin as mode of payment or sending money so gifting your friend bitcoin will motivate your friend to make more research about bitcoin and will also spray the good news to others about bitcoin because most people thinks that bitcoin losses value and will make them be in lost but gifting your friend bitcoin will also make understand the value bitcoin and why he/she should use bitcoin as means of investment,sending funds and other things which including payment .
    So is good to gift your friend bitcoin it will also be a way to advertise bitcoin to people who thought bitcoin is not safe to use .

The important point is that the recipient of the gift must be equipped with good insight and knowledge about how Bitcoin works. Giving Bitcoin as a friend's birthday gift would be really cool, I really like it too.
The op has only introduced Bitcoin to his friend for about two weeks, it takes extra education to give his friends an understanding of how to buy and sell it. This method can also be adopted by other members who want to introduce Bitcoin to their closest relatives by giving them gifts and then teaching them step by step until they become cash, interest in bitcoin will grow after they hold cash from selling Bitcoin.

Bitcoin is a very important gift to any trader out there, especially gifted when it's bull season, it results in gigantic profits. Bitcoin is the current digital age for our present time, we all should be able to embrace it and understand how it works entirely. Special moments are meant for memorable gifts, I would be so grateful if I'm gifted some pieces of bitcoin on my birthday coming up, I will store that event in memory.

Yeah. It is not about giving someone bitcoin as gift,  what matters is if the person have basic understanding about bitcoin. If the person knows nothing concerning about bitcoin it is important to first to give a basic knowledge about bitcoin before presenting bitcoin as gift. The main purpose of bitcoin is not just acquiring it but to have it and make good value from it. Bitcoin as gift is not a bad idea,  it is also a medium to promote Bitcoin to know what it is like.

If ever I have a friend who gifts me bitcoin on any of my special days, I am so going to be all over the moon. It seems like the perfect gift. Of course, it would be sent to the cold wallet address of my friend so as for him not to lose his coins. Because remember, not my keys, not my coins. In addition to gifting bitcoin to my friend, I would pay for him to visit the bitcoin museum. That would give them a proper feel for what bitcoin is and how important it is to me. No matter how small, I encourage this act. It is one of the easiest ways to propagate its adoption.

Your idea is a very good one, atleast the person you are gifting the bitcoin knows about bitcoin because she thought you about bitcoin, so am very sure she will know the appropriate thing to do with the bitcoin and she will know how she will protect the bitcoin and am sure she will really appreciate it because she knows the worth. But you gifting someone that those not really know anything about bitcoin is not a really good idea, you should make sure you explain everything about bitcoin to him/her first before gifting the person bitcoin.

I once did that, for her wedding gift. Perhaps this is different from the OP, I gave it to the person who has introduced Bitcoin to me. So this became a thank you to me during the special event. The details I don't know, what he did with the little Bitcoin I gave.
But he thanked me and took a photo with me with the words Bitcoin and the Bitcoin emblem. Perhaps for those who don't understand, gifts are one way of introducing Bitcoin. But you have to have a note, you have to teach him so that he understands how it works. 

It's a good idea to teach your friend all about security first, and only then should buy bitcoin. I kept crypto on the exchange for a long time, until my uncle gave me a ledger and explained all the risks. Before that, I didn’t even know that he was dealing with bitcoin, it was unexpected, but now I have someone to talk to about this.

There's nothing as satisfying with fully confident that one's portfolio is stock with countless coins. Bitcoin is very important in the market because of its high volatility and it also affects altcoins during it's dump and bull run up. Gifting a friend with bitcoin is probation one of the best thing you can do for that person, but the big question is, does your friend have an idea what bitcoin is all about or cryptocurrency?
If not, he or she should be probably enlightened on what Bitcoin is and how it operates, with full confidence that it will bring gigantic profits in the nearest future since it's a promising project.

Seriously it's a nice idea, but my question is those his friend knows anything about bitcoin or cryptocurrency in general? If his friend those not know anything, then he should enlighten his friend first about bitcoin and wallet security so that he won't endup losing the bitcoin. We all know scammers are everywhere, he should make sure his friend knows how to secure his wallet and store his private key. He should also advise his friend to hold the bitcoin for long term, he shouldn't sell it now so that he won't endup selling immediately he hands over the wallet details to him.

I think it's brilliant. Not only you gifted him some amount but also a whole new perspective of investment. Provided you also orient your friend about the important matters of crypto world.

OP, I agree that it's important for your friend to understand the potential value of holding onto bitcoin in the long term. It's easy to get caught up in short-term price movements and make impulsive decisions, but patience can be rewarding in this world. Hopefully, your friend will take the time to learn more about bitcoin and make informed decisions about when to buy, hold, or sell.



Without a wallet, he wouldn't even be able to gift Bitcoin to his friend. Even a paper wallet is still a wallet. 

You could but do that and no need to announce a lot eith your friends especially if its big amount. Maybe your friend doesnt know about bitcoin stuff and might be take advantage by your common friends. Anyway thats just precautions, also you could use third party for that. I remember Ive tried once gifting crypto using binance and it works with code to verify the claiming of gifts.

In my opinion Is and excelent and unattend gift your friend will be well surprised for a long time

Yes, it can be a cool and unique gift to give your friend Bitcoin on his birthday, especially if he has shown an interest in it. However, there are a few things to consider before gifting Bitcoin:

Make sure your friend has a Bitcoin wallet or knows how to set one up. Without a wallet, your friend won't be able to access or use the Bitcoin you gift him.

Consider the current price of Bitcoin. Bitcoin is a volatile asset, and its price can fluctuate rapidly. You don't want to gift your friend an amount that could potentially lose a significant amount of value shortly after the gift is given.

Make sure your friend understands the risks and potential benefits of owning Bitcoin. It's important to educate your friend about the basics of Bitcoin and the potential risks involved, such as the volatility of its price and the lack of regulation in the cryptocurrency market.

Consider the tax implications. Depending on where you and your friend live, there may be tax implications for gifting Bitcoin. It's a good idea to consult with a tax professional before making any gifts of cryptocurrency.

Overall, gifting Bitcoin can be a cool and unique gift idea for a friend who has shown an interest in cryptocurrency. Just make sure to consider the above factors before making your gift.