Holiday Crypto Gift-Giving

The holidays are upon us. If you’ve been wise and planned ahead, you’re likely already ready to go: Presents are wrapped, packages in the mail, house or apartment decorated, greeting cards out the door, and party invitations all RSVPed to. Unfortunately, most of us aren’t quite so ready for the season: We leave invitations unanswered, homes undecorated, parcels unsent, and gifts unbought.

Sending someone cryptocurrency is, of course, the obvious choice for crypto gift-giving. It’s flexible — there are so many coins to choose from — and can be a good last-minute option. But giving crypto to someone unprepared for it may just bring you awkward questions that demand long explanations. So perhaps it’s better to lay the groundwork for a future crypto gift. Books like Michael Casey and Paul Vigna’s The Truth Machine or Ben Mezrich’s Bitcoin Billionaires are sure to spark interest in learning more about blockchain and cryptocurrencies. Plus, it’s always nice to have a physical object to wrap and present to your loved ones.

What if the person you’re buying a gift for is already involved in the cryptocurrency world? In that case, it’s perfectly possible that the best gift may be some denomination of their preferred currency: Just make sure you know what they like! You wouldn’t want to give ETH to a bitcoin maximalist: Granted it’s the thought that counts in gift-giving, but the recipient would wonder if you were thinking at all. So make sure you do your research on your crypto-holding family and friends before selecting a cryptocurrency!

Perhaps you’ve decided that the gift of a currency might not be the best idea. Thankfully, there are other options available for crypto enthusiasts who have already read all the books. The most obvious gift is the gift of security. If the person you’re thinking of getting a gift for is especially security-conscious or has worried that they’re keeping too much on exchanges, they might appreciate a hardware wallet for personal custody.

The world of blockchain is large and growing larger every day, and so are the gift options. You could give someone a ticket to one of the dozens of conferences and conventions that take place every year, or you could make an in-kind donation to a blockchain charity like BitGive.

Whatever and however you decide to give, happy holidays to all.

Read Next: Blockchain and Diversity: Hope for the Future