The season of gift-giving is upon us.
Of course, the usual big-ticket items like Apple’s AirPods and smart TVs are commonly found on holiday wish lists, but now cryptocurrencies such as Shiba Inu, Dogecoin and Bitcoin are being desired this year.
If you know someone who is in the world of cryptocurrency or wants to dabble without making a huge commitment, you can send them a select amount as a gift.
The following platforms allow users to send cryptocurrency:
Coinbase, one of the most popular cryptocurrency trading platforms, allows you to send users cryptocurrency using the recipient’s wallet address, which is “a long string of characters, similar to a bank account number, that identifies where the crypto should go,” according to Coinbase’s website.
Once you have obtained the recipient’s wallet address, you just need to enter it into your crypto wallet and select the amount you want to send.
You can also invite someone via email to buy or sell $100 worth of cryptocurrency, and you’ll both receive $10 worth of Bitcoin.
For someone to receive cryptocurrency on this trading platform, you need their public key (QR code) or wallet address.
From there, all you have to do is type the wallet address or scan the QR code into the recipient field of your wallet on the eToro Money app.
What is cryptocurrency?
Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It’s decentralized, meaning it isn’t controlled by the government or any other central authority such as a bank.
If you’re interested in investing in cryptocurrencies such as Dogecoin, Bitcoin, Ethereum and Tether, here are some options to get you started:
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Nicolette Accardi covers the online shopping industry, writing about commerce, daily deals and tips. She can be reached at firstname.lastname@example.org. Follow her on Twitter: @N_Accardi.