How to Have a Crypto Christmas: Gifting Crypto Safely
If you’re considering gifting crypto this Christmas, it’s important to know to keep safe online. Have yourself a very merry crypto Christmas with LOX Network’s guide on giving digital assets this holiday season.
Whether a crypto newbie or a seasoned veteran, have yourself a very merry crypto Christmas with LOX Network’s guide to safe trading and digital asset gifting over the holiday period.
Cryptocurrency adoption is starting to rapidly accelerate. With more and more industries enhancing their services to include digital asset solutions, there’s never been a better time to invest in the world of crypto.
Modern Money
Buying crypto as a gift for your loved ones is a great way to spread the holiday cheer. Nowadays, there’s so many options available, from Bitcoin to Ethereum, and you can even purchase a crypto gift card from some online retailers.
With millennials and tech companies leveraging digital currency from immersive gaming to local payments, cryptocurrency is no longer just for the few. It’s for everyone. Now adopted as legal tender in El Salvador, it surely won’t be long before digital asset solutions are adopted by the wider financial industry and world.
Christmas is just days away, and there’s no doubt investors and tech-savvy individuals will want to prepare for the new digital payments era. To help get you started, here are a few tips to get you on your way.
Giving Crypto as a Christmas Gift
Whether you want to give crypto to your partner, a friend, or family member, there are several easy ways to do so. In fact, a recent survey found that one in 10 Americans intend to gift cryptocurrencies at Christmas.
Compared to cash and other financial assets, cryptocurrency can make a great gift and many modern e-commerce companies now accept digital assets as a payment method. Purchasing a subscription with a crypto gift card can be a fun and unique way to show your loved ones how much you care. Of course, there’s also the added benefit of potential yield—with most APY higher than standard interest rates.
If you decide to purchase crypto as a gift, make sure to choose a reliable exchange. Most popular platforms do not offer direct crypto payments, but an intermediary can be used to buy a subscription with the tokens.
Everything You Need to Get Started
Whether you're looking for last-minute gift ideas, or you just want to learn more about cryptocurrency, the holidays are a great time to introduce your loved ones to the world of crypto.
Before you get started, make sure that your recipient has a wallet. Not just a plain, old leather wallet, mind—they need a crypto wallet.
Crypto wallets are the most secure and convenient way to store digital assets. If you want to give someone a gift that they can use right away, then paper wallets are a great choice. They can be printed directly from a website and used by the recipient instantly.
A hardware wallet is another option. These wallets are less likely to suffer from digital fraud and feature Bluetooth technology, so you can easily send and receive crypto without having to use a third party.
With a wallet to store digital assets at the ready, it’s time to start gifting Christmas crypto.
Use a Trusted Platform to Safely Buy Crypto Online
Buying cryptocurrency for Christmas can be a great gift to give your loved ones. You can buy fractions of bitcoin to give as gifts, or give an entire BTC. You can also buy gift cards that can be used to purchase various services with crypto.
It's important to remember that sending crypto as a gift requires significant attention to detail. You must know the recipient's public wallet address, and make sure that you use a reputable exchange. Exchanges protect buyers and sellers, with most including a user-friendly experience, like Coinbase. Most importantly, be sure to send the gift to the right person—as this ensures that the recipient will not only receive the crypto but can access it, too.
Having settled on an exchange, you can choose any of the featured tokens to gift.
Gifts That Keep On Giving
Buying gifts for family and friends can be a bit daunting. However, the crypto industry has a variety of products and gifts that are perfect for any occasion. Whether you're looking for a gift for a crypto enthusiast or someone who's just getting started, here are three crypto Christmas gifts that are sure to make you and your loved ones smile.
A hardware wallet is an essential part of the crypto investor's arsenal. These devices connect to a smartphone or computer via Bluetooth and allow you to store cryptic keys without sacrificing security. A nifty feature is that you can send and receive any cryptocurrency listed on an exchange.
A crypto coin display is also a great way to show your love of the crypto sphere. Depending on which brand you go with, you'll be able to view a coin's 24-hour change, as well as show the price of any coin.
Last, but by no means least, investing in a digital asset, like Bitcoin, Ethereum, or even our own MetaLOX token, can kickstart crypto interest and lead to financial gain. It’s also a great way to introduce people to the digital currencies that are set to revolutionize our industries.
MetaLOX: A place to play, earn and socialize
LOX Network was founded with the aim of eliminating mobile device theft and smartphone crime globally. To realize that mission, we’ve developed a custom-built hybrid blockchain that’s powering the world’s first global decentralized mobile device blacklist.
That same hybrid blockchain is powering MetaLOX, our very own metaverse that’s integrating NFTs, Game-Fi, and De-Fi. MetaLOX is pushing the limits of AR, MR, VR, and XR to bring users an immersive virtual experience.
You can find out more about MetaLOX, including our token ecosystem, and follow our progress, by visiting our webpage. Join our community for the latest news and updates on all things SmartLOX.