Thursday, Oct 19 2017 | Updated at 01:03 AM EDT

Stay Connected With Us F T R

Dec 13, 2016 07:00 AM EST

All I Want For Christmas Is A Bitcoin

Close
Martin Luther King 'took a knee' for America as well

The holiday season is almost around the corner. If you are thinking of something different to give to your loved one, here's the most original gift idea this Christmas -- Bitcoin.

Forget about gadgets or cars or game consoles because they're already passe. If you want something original and memorable, you might consider giving your loved one some bitcoin. Yes, you heard it right. According to Investopedia, bitcoins have done pretty well in the 2016 trading environment that its value has continued to soar.

With that in mind, giving bitcoin as a gift means that you are not just looking at something temporary but something that can last a long time. Those who understand investment even considers it as an essential part of one's retirement account.

There are many ways how to give bitcoin as a gift to your loved ones. You can use paper wallets, gift cards, hardware wallets and physical coins. Each one of them have their benefits and it's up to you which one you prefer.

Paper wallets, as the name suggests, are paper. It's a document which contains all the information you need how to spend the coin. It also contains all the public and private keys needed to make transactions. It also has a QR code in case you want to put it in a software wallet.

If you decide to give bitcoins through gift cards, all you have to do is head to a website, like Bit4coin, and purchase their. Select the currency and fill the order form as well as the address of the recipient. Once done, they will just mail the gift card to the one you want to give it to.

Hardware wallets look like USB drives and is becoming the preferred storage for bitcoin. Hardware wallets are virus and water-proof, and supports multi-signatures, too. They are also a convenient way of storing and receiving currency even when off-line.

Lastly, if you want to impress, you can give an actual physical bitcoin. They come in brass, silver, or gold, and issued as a limited edition.

© 2017 University Herald, All rights reserved. Do not reproduce without permission.

Join the Conversation

Get Our FREE Newsletters

Stay Connected With Us F T R

Real Time Analytics