This year instead of buying fancy candles or another pair of socks, why not give a unique and unforgettable gift that could have a big payoff down the road?
After all, Bitcoin has had a 200% annual compound growth rate over the last 10 years. This means if you had spent $100 buying bitcoin for your friend instead of buying a different gift two years ago, that bitcoin gift would now be worth around $1,400.
So how can you give the gift of bitcoin during the holidays? It’s easy, here’s how:
Buying bitcoin in Canada
To give the gift of bitcoin (BTC), first you must buy bitcoin for yourself, then transfer it over to friends and family.
Netcoins makes buying bitcoin and other cryptocurrencies in Canada easy and quick. They are also Canada’s first publicly owned, fully regulated crypto trading platform.
Being fully regulated means that everything from how Netcoins operates to how they store funds and charge fees are vetted and approved by Canadian regulators.
To buy BTC, start with creating a Netcoins account, getting verified, and depositing Canadian dollars via e-transfers. One of the advantages of buying BTC with Netcoins is that there are no funding fees.
Once the funds are in your account, simply click “BUY,” choose “Bitcoin,” and enter the amount you’d like to purchase. You can even buy as little as $10 worth!
Want to buy a different cryptocurrency? No problem. Netcoins offers a variety of cryptocurrencies to choose from.
Sending and gifting bitcoin to friends and family
Netcoins offers two options for gifting bitcoin:
Option 1: buy bitcoin and send to a bitcoin wallet
If your friend has a bitcoin hardware wallet (similar to a USB drive device), you could buy bitcoin and send it directly to their hardware wallet.
To do this, log into your Netcoins account, click on “Withdraw” then “Send crypto.” Select “Bitcoin”, enter the amount you’d like to send and add your friend’s wallet address (your friend will have to provide you with their wallet address).
Option 2: buy bitcoin and send to another Netcoins account
If your friend is new to crypto, they may prefer to store their bitcoin within the Netcoins platform (for a short period of time).
To receive bitcoin, your friend or family member will need to create a Netcoins account. Once the account is open and verified, they will click “FUND” then “Deposit Crypto.” From here, they will collect their Netcoins wallet address to give to you. You will then send bitcoin to this address.
It’s really that simple to give the gift of crypto this year.
To get started buying bitcoin or other cryptocurrencies for your friends and family, visit Netcoins.ca to get started.