Christmas is just around the corner and many of us are frantically searching for gifts to buy for friends and family. If your loved ones are into cryptocurrencies, why not give them one of the gifts from this handy Christmas shopping list we’ve compiled just for you.
Here are five Christmas gifts that we think will leave the crypto enthusiast in your life over the moon. Or perhaps, if you are a crypto enthusiast yourself, you could add one of these to your own festive wish list.
A gift of cryptocurrency
Simple doesn’t have to mean boring. So if you’re struggling to think of something imaginative to give a friend or family member, why not consider gifting cryptocurrency for Christmas? It’s possible to get cryptocurrency gift cards from certain online retailers, such as CryptoVoucher or Bitrefill, or you could perhaps transfer straight to their hot wallet if they have one.
There’s also no need to give a huge amount: the beauty of cryptocurrency is that a small investment made today could turn into a very large sum indeed in a few years’ time. After all, if you happened to buy just $10 worth of Bitcoin in 2011, today it would be worth more than $470,000!
A hardware wallet
If you prefer to give something tangible, then a good option is a piece of hardware like a cold wallet that can help your loved ones keep their digital assets safe and secure. There are two types of wallets in crypto: hot and cold. Hot wallets are online; these are usually free and simple to use, and a necessity for crypto investing.
However, cold wallets are a more secure option for crypto enthusiasts. These are gadgets that can be disconnected from the internet when they are not in use, making them far less susceptible to hacks and other internet-based fraud.
Two of the top cold wallets available on the market are Trezor and Ledger. Trezor currently produces two models of their cold storage wallet: the more affordable Trezor One and the higher-end Trezor Model T. Ledger also produces two models of their wallet: the Ledger Nano S and the pricier Ledger Nano X. You can find out more about these by following the link to our blog below.
READ: The best cryptocurrency wallets for DeFi
If the first two suggestions sound a bit boring, why not go for a more bohemian feel by gifting a non-fungible token (NFT)? An NFT is a unique and non-interchangeable unit of data stored on a blockchain.
NFTs come in many shapes and sizes these days, but they are most well-known as a form of digital art. So much so that reputable art auction houses are jumping on this bandwagon. For example, 254-year-old New York auction house Christie’s has already enjoyed some successes with NFT sales, notably with the sale of a piece created by digital artist Beeple for $69 million back in March.
READ: NFTs are bringing the mainstream to crypto in a way Bitcoin cannot
Online crypto course
Even for the early adopters of cryptocurrencies, there is always something new to learn, while those just getting into digital asset investing could certainly benefit from learning from the pros. Why not pay for an online subscription to a course to help them learn more about cryptocurrencies and investing? Platforms like Udemy and EdX have many options available.
From the very basics to professional trading courses, these could help investors with all levels of knowledge to make the most of their digital asset investment strategy. It is worth doing some research to find one that suits the crypto connoisseur in your life – they are sure to be grateful for your support.
Crypto books and guides
For those who are interested in finding out a bit more about cryptocurrencies, such as the history of Bitcoin, or just for people who prefer books to online courses, this could be a good option. There are lists available online which can help you choose the best book for your crypto-curious loved one, such as this one on Goodreads which collates some of the best books about Bitcoin. There is something out there for everyone, from heavy, technical texts to easy-to-read beginners guides, and everything in between.
Of course, these are not the only options. With digital asset investing growing in popularity, there are many other things you could give as a crypto-themed gift. Whatever present you choose and whichever holiday you are celebrating, the crypto enthusiast in your life is sure to appreciate any of these. Merry crypto Christmas everyone, and have a great holiday!
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DISCLAIMER: The content of this article does not constitute financial advice and is for informational purposes only. The price of digital assets can go down as well as up, and you may lose all of your capital. Investors should consult a professional advisor before making any investment decisions.