Should you give away cryptocurrency as a gift?

[Good-Person]

Many people gift many different things to their loved ones. Cryptocurrencies are a kind of new invention and they also hold a monetary value as well, just like other valuable items. So, when it comes to offering gift to someone, do you think that cryptocurrency could be used as a gift?

 

[Nomad]

What's they problem with giving crypto as a gift? When a lot of people give fiat currency as a gift, I do not see any problems with giving crypto as gift as long as you have crypto assets and the receiver is willing to accept crypto. Interestingly, a lot of people are still not comfortable with crypto.

 

[HK World]

Yes, I think you can give cryptocurrency to someone as a gift. You only need to know that the other person is into crypto. If they don't know anything about crypto, then it's useless to gift them. It won't be a big or exciting thing for them.

 

[Grant]

It's fine to gift cryptocurrency to people, the only downside is that the worth of crypto rises and falls often, that one day your gift could be worth a decent amount, and then tomorrow it could be worth nothing. So in a sense it's a mix bag, some people may just want some cash instead, while there may be some interested as it helps them start them on their crypto investments.

 

[Riberet19]

There is already a thread in the forum discussing this topic, but well, I think that cryptocurrencies are a good gift for a person who has already used them and who knows how they work and is interested in them as an investment, because if you give them as a gift and the recipient liquidates them to obtain fiat money, it is the same as giving money and it would not make sense, for some people it would be a good gift, but for others, it would not.