How To Buy Crypto Gift Cards?

Crypto Gift Cards

The cards work like retail gift cards. Visit a website that sells Bitcoin gift cards, buy the Bitcoins you wish to give and pay the amount. You will receive a gift card, which you can share with your loved ones. They can visit the same website and get the Bitcoin deposited in their digital wallet by entering the details. Companies such as Coinbase, Binance, CashApp and Robinhood allow their users to purchase gift cards.

Hardware wallets

These are also called offline wallets as the data is stored on a portable device like a USB stick and considered safer than online wallets. Hardware wallets can be bought online from crypto exchanges. To use this method, you need to buy the Bitcoin and note down the private key and other details that may be required to authorise the transaction. Simply, give the device to the recipient. Using the private key, the recipient can authorise the transaction and receive the gift.

Paper Wallets

CommentsThis essentially is a printed piece of paper that contains keys and QR codes for cryptocurrency transactions. These are created on specialised websites. Visit any of these websites, generate a paper wallet and send them out as gifts. Anyone can get the cryptocurrency bought by you by scanning the QR code.