Would gifting crypto to family or friends be a good idea?

[Grant]

I am still very hesitant on crypto and what it is capable of. With it gaining popularity by the year, I was curious to know if it would be a good idea to gift crypto to family and friends. Do you think it's a good idea to get your friends and family started on crypto by gifting them some?

I never have done so myself, but I have thought about buying some and gifting it to people. Have you ever done this yourself?

 

[Shortie]

With me still learning so much about crypto myself at the moment and knowing that my family does not have the first clue about crypto or how it works, gifting them crypto wouldn't be a wise idea at the moment as even gifted if they didn't know what it was it wouldn't be much use to them at all.

If you have a family that is into crypto and do like to hold it or trade it then gifting crypto to the family would definitely be a great gift and I am sure they would be very appreciative of it.

 

[Yaqoob Habib]

I am still very hesitant on crypto and what it is capable of. With it gaining popularity by the year, I was curious to know if it would be a good idea to gift crypto to family and friends. Do you think it's a good idea to get your friends and family started on crypto by gifting them some?

I never have done so myself, but I have thought about buying some and gifting it to people. Have you ever done this yourself?

Yes, it is a very good idea, if you gift it to any of your family members or friends from your cryptocurrency If you see something else, then its value decreases, but if you do this, then in the coming days, it will increase more and more.

 

[MaxMass]

crypto as a gift for family? is it truth ?really?

 

[eLdavis]

There is notting wrong in giving crypto currency as gifts to friends and family, the most important thing is that they know the value of it. It would be useless to give crypto currency to someone who does not know the value of it.

 

[Abigael]

I have never gifted family and friends with crypto but I think it is a great way to invite them into investing there too. I always tell myself that when I succeed in crypto trading, I will teach it to my siblings. Maybe even give them some to start the investment.

 

[Robust]

If really you have families and friends that are into online works and sending them money through there cryptocurrencies wallet address should not be a problem because they will about to transfer it to there bank account.

 

[Nomad]

If the person receiving gifts continues to hold the assets for higher profits or uses it as a cue to get started investing and trading crypto, this is definitely a good idea. However, if the receiver converts to fiat currency and withdraws, I don't see a point.

 

[Planbizzle]

I am still very hesitant on crypto and what it is capable of. With it gaining popularity by the year, I was curious to know if it would be a good idea to gift crypto to family and friends. Do you think it's a good idea to get your friends and family started on crypto by gifting them some?

I never have done so myself, but I have thought about buying some and gifting it to people. Have you ever done this yourself?

Giving cryptocurrency to loved ones or friends can be a wonderful way to spread the wealth and encourage them to vary their portfolios. Depending on the laws in your area, it can also be a terrific strategy to improve your tax situation.

 

[Riberet19]

I already made a gift in crypto a few times, but I did it to people who use them too, if they do not do it I see it a little fruitless to do it, since first hand they will not even know how to use them, but if they do, I think if it is a good idea and they will appreciate it.

 

[Henrywrites]

I already made a gift in crypto a few times, but I did it to people who use them too, if they do not do it I see it a little fruitless to do it, since first hand they will not even know how to use them, but if they do, I think if it is a good idea and they will appreciate it.

It is important to gift it to those that makes use of it. That is the most important aspect of gifting cryptos. It is more like when you send money to people.

 

[Mayorla]

Yes it is a good idea to give your friends or family Cryptocurrency as a form of gift to them.

For me, it's a good idea, even though some of my family and friends do not have required knowledge on how it works, This would give them a better chance to learn more about the space.

 

[Riberet19]

It is important to gift it to those that makes use of it. That is the most important aspect of gifting cryptos. It is more like when you send money to people.

Of course, in the event that they did not use them, it could be likely that they did not know how to use it and simply abandoned them or did not appreciate them, for this type of people it would be better another type of gift.

 

[Yohanna]

There's absolutely nothing wrong in giving out cryprocurrency to friends and family because it is a promising financial market and it has potentials to surge in thee future . Giving that as a gift is a good idea.

 

[Kennysplash]

I once gave bch to my junior sister when she solicited for funds. I explained to her how she can sell and buy as well. This will go a long way in ensuring the widespread of cryptocurrency.

 

[Potuse]

You can decide to give cryptocurrency to families or friends . It does not really matter what you will definitely use the cryptocurrency for what matters is that you are giving it out your loved ones.

 

[Ononivami]

It is possible to give out cryptocurrency asset to family and friends as gift and I see it as the greatest gift that anyone could ever received.

 

[Connor909]

Cryptocurrency gifts to loved ones or close acquaintances might be a method to spread wealth and bolster investment portfolios. Yet it's crucial to comprehend the potential tax repercussions and record-keeping responsibilities that come along with giving bitcoin. Also, some people may find investing in cryptocurrencies to be dangerous due to the market's volatility and unpredictability. Before making any financial decisions or giving cryptocurrency as a present to family or friends, it's crucial to carefully analyze the unique circumstances.

 

[Kennysplash]

The best thing you can do as a cryptocurrency user is to find ways in which other people can make use of it as well. So by gifting it to your family and friends you are promoting the use of cryptocurrency.

 

[Yohanna]

Sending cryptocurrency as a gift to families and friends is not a bad idea at all because cryptocurrency is a valuable asset that is recognisable all over the world as a credible asset.