Thoughmost Americans know about cryptocurrency, only a small percentage of them actually use it.
There are other ways to give cryptocurrency as a gift without using a centralized exchange and financial app.
Those will require more technical know-how.
To get started, navigate to the left side of the screen and selectSend a Gift.
The email also includes a digital card featuring “crypto-minded artwork.”
There are no fees beyond the cost of the cryptocurrency you are gifting.
However, the transaction is automatically canceled if the person doesn’t create an account within 30 days.
However, your choice of giftable cryptocurrency is limitedto onlybitcoin.
But if the recipient is new to digital currency, then bitcoin is likely the asset they might know.
once you nail the $CashTag in hand,navigate to the bitcoin tabfrom the app’s home screen.
Tap the airplane buttonand pick the amount you want to send and the person to send it to.
The person who receives your gift will then be prompted to create an account and accept the bitcoin.
you’re able to send as little as $1 in bitcoin using this service.
you might find thefull directionson Cash App’s website.
These arehardware walletsthat plug into your gear via USB port.
The IRS has helpful pages ongift taxesandvirtual currenciesto help you navigate the details.
Plenty of people have made money through cryptocurrency speculation, but it’s just as easy to lose money.
Once you send some crypto, it’s as good asgone forever.
Do your homework, be skeptical and have fun.
