Giving a crypto gift Using a paper wallet
Gifting cryptocurrency using a paper wallet is one of my favorite ways to give someone crypto. When you give a paper wallet, you’re giving them a piece of paper which contains the information they need to access their cryptocurrency on the blockchain. It’s tangible, easy to store, and a pretty secure method of storing crypto. Going through the steps will also teach you quite a bit about the process of acquiring, storing, and transferring crypto if you are a beginner yourself.
Giving crypto using a paper wallet is a multi-stage process. It’s not hard, and I show you in detail how to do it. But it will require you to spend some time and become familiar with the crypto world. If you already have some experience buying and transferring crypto, then it will be a piece of cake. Below are the general steps that you will need to follow.
Steps to Give a Paper Wallet as a Crypto Gift
Step 1: Purchase the amount of cryptocurrency that you want to give as a gift. If you have an account at an exchange, this will be easy. If you don’t, we’ll show you how to setup an account and get started.
Step 2: Create a paper wallet
Step 3: Transfer the crypto from the exchange to the paper wallet
Step 4: Give the paper wallet as a gift.
I’ll break each of these steps down in detail and show you with instructions and with video how to do them. If you don’t have an account on an exchange, this is the most time-consuming part of the process because it can take days for the exchange to create your account and get you started. But you only need to do this step once, and in the future you can skip it . And once your account is set up, you’ll also be able to use it to purchase crypto for yourself if you’d like to start investing.
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