Here are a few suggestions to ensure the best experience.
First, itโs recommended that you use services like Lightsats (npub13qvโฆ4rrf) or River (npub1xkeโฆd0en), which provide a user-friendly way to gift #bitcoin to someone, along with step-by-step instructions on how the bitcoin can be claimed. ๐๐ฉ๐ช๐ด ๐ฆ๐ญ๐ช๐ฎ๐ช๐ฏ๐ข๐ต๐ฆ๐ด ๐ต๐ฉ๐ฆ ๐ฏ๐ฆ๐ฆ๐ฅ ๐ง๐ฐ๐ณ ๐ต๐ฉ๐ฆ ๐ณ๐ฆ๐ค๐ช๐ฑ๐ช๐ฆ๐ฏ๐ต ๐ต๐ฐ ๐ฉ๐ข๐ท๐ฆ ๐ต๐ฆ๐ค๐ฉ๐ฏ๐ช๐ค๐ข๐ญ ๐ฆ๐น๐ฑ๐ฆ๐ณ๐ต๐ช๐ด๐ฆ, so they can receive and store their bitcoin safely and easily.
Additionally, itโs important to provide them with advice on how they should custody their bitcoin. This includes explaining ๐๐ต๐ฒ ๐ถ๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐ฐ๐ฒ ๐ผ๐ณ ๐๐ฒ๐ฐ๐๐ฟ๐ถ๐ป๐ด ๐๐ต๐ฒ๐ถ๐ฟ ๐ฝ๐ฟ๐ถ๐๐ฎ๐๐ฒ ๐ธ๐ฒ๐๐, and the potential risks associated with ๐๐๐ผ๐ฟ๐ถ๐ป๐ด ๐๐ต๐ฒ๐ถ๐ฟ ๐ฏ๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ถ๐ป ๐ฎ โ๐ต๐ผ๐ ๐๐ฎ๐น๐น๐ฒ๐โ, or an app thatโs connected to the internet. Encouraging the use of hardware signing devices can help protect their bitcoin from potential theft or loss.
And lastly, the recipient should be informed that for the time being, ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ถ๐ ๐บ๐ผ๐ฟ๐ฒ ๐ผ๐ณ ๐ฎ ๐๐๐ผ๐ฟ๐ฒ ๐ผ๐ณ ๐๐ฎ๐น๐๐ฒ ๐๐ต๐ฎ๐ป ๐ฎ ๐บ๐ฒ๐ฑ๐ถ๐๐บ ๐ผ๐ณ ๐ฒ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ, so their bitcoin gift should be kept somewhere safe for several years while Bitcoin matures in price and acceptance. Theyโll need to understand that despite Bitcoinโs volatility, ๐ฏ๐ฐ ๐ฃ๐ช๐ต๐ค๐ฐ๐ช๐ฏ ๐ต๐ฉ๐ข๐ต ๐ธ๐ข๐ด ๐ฉ๐ฆ๐ญ๐ฅ ๐ง๐ฐ๐ณ ๐ข๐ฏ๐บ 4 ๐บ๐ฆ๐ข๐ณ ๐ฑ๐ฆ๐ณ๐ช๐ฐ๐ฅ ๐ฐ๐ณ ๐ฎ๐ฐ๐ณ๐ฆ ๐ฉ๐ข๐ด ๐ญ๐ฐ๐ด๐ต ๐ฑ๐ถ๐ณ๐ค๐ฉ๐ข๐ด๐ช๐ฏ๐จ ๐ฑ๐ฐ๐ธ๐ฆ๐ณ, so they should treat this as a gift that will help them in the long-term.
By providing guidance on these matters, your friend or family member can make informed decisions about how to handle their bitcoin gift and ensure its safekeeping. If they follow your instructions, ๐ต๐ฉ๐ฆ๐บ ๐ธ๐ช๐ญ๐ญ ๐ฃ๐ฆ๐ฏ๐ฆ๐ง๐ช๐ต ๐ง๐ณ๐ฐ๐ฎ ๐ช๐ต ๐จ๐ณ๐ฆ๐ข๐ต๐ญ๐บ, not only financially, but also simply by owning some money thatโs outside the control of the central banking system.
And even if you arenโt planning on gifting bitcoin to anyone this year, whether because you donโt want to or because you donโt celebrate Christmas, the suggestions above will still be helpful if you choose to give someone bitcoin at a different time.
Regardless, I would like to wish you a good weekend, a merry Christmas, and a happy new year!
Make sure you ๐๐ผ๐ผ๐ธ๐บ๐ฎ๐ฟ๐ธ๐ this, in case you want to gift a friend some sats later.
And give this a ๐๐ถ๐ธ๐ฒ๐ค and a ๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐, so those who want to gift bitcoin to others will know how to do it.
Know any other ways to give bitcoin as a gift?
Let me know in the ๐๐ผ๐บ๐บ๐ฒ๐ป๐๐โฌ๏ธ