The world is full of innovative technology that is helping us out every day. Of course, we are all involved in this process and benefiting from every single advancement of technology. From essential utilities like energy to more complex, like advanced international banking systems, humanity has proven to be highly resourceful when creating things to make us feel better and live easier.

The latest installment in this series is about cryptocurrencies and the whole crypto world in general. It provided us with some of the most innovative solutions to the growing need for privacy and independence in international markets. 

People are getting increasingly more concerned about global governance of their finances and how they are all dependent on decisions of the higher authorities that they will never meet. That is the reason why the crypto world is so vital for many people around the globe.

In this article, we will go over the concept of cryptocurrency gifts. How do you go about crypto gifts? Do you need to pay gift taxes, or why do people do it in the first place? Let’s dive in!

The best way to get cryptocurrency as a gift is here at RoyalCDKeys. Although we are mostly known for providing you with the best deals for your software and gaming-related needs, we also have another leg to stand on! This is how we integrate ourselves in the crypto world with the great idea of Crypto Vouchers! 

Instead of going to the exchange and getting your coins transferred to your crypto wallet directly, with all your details and government oversight, you can go around the whole issue with no problems! You can do it for privacy reasons; maybe you would like not to get your cryptocurrency gifts taxed in your state, or perhaps you wish for some crypto gift tax return – whatever the reason may be – you can certainly do it with our help!

To do it, you must buy a cryptocurrency gift (at a fair market value), take one of our crypto gift cards, and claim it on a partnered website. That way, you can avoid crypto exchange (or at least an exchange that does not secure your privacy) and transfer your coins to your software wallet. You can pay with any cash app with no issues whatsoever.

We understand that it may be problematic for some of you, so here are the basic steps to undertake to gift cryptocurrency that way.

Getting a Crypto Gift Card Step-by-Step

• Create or log in to your RoyalCDKeys account; 

• Buy a Crypto Voucher for the coin of your choosing;

• Next, go to Cryptovoucher.io;

• Click “Redeem”;

• Enter the code you have just purchased;

• The amount of coins you are gifted will get transferred to your cryptocurrency wallet or – the gift recipient.

As it’s a relatively long-term investment, redeem the purchase after approximately 180 days. After this time, you will not be able to get them anymore. Keep the term, and you will be making cryptocurrency transactions with no issues whatsoever in your chosen digital currency and less tax obligation than you initially imagined.

On the other hand – why even bother? Are you trying to hide something? Are you funding some illegal activity? What are you so ashamed of that you are trying so hard to make yourself invisible to the audience? Well, you would like to do that for a couple of reasons, and trust us – everyone has this kind of thought. It’s like leaving the store when you didn’t steal anything, but you have this intrusive thought that you did something wrong.

Well, there are plenty of reasons why people are buying crypto gifts. You may just want to gift someone cryptocurrency as an investment. In the older days, people were buying each other gold or stock. These days, Crypto Vouchers are the big thing! It’s a great idea, especially for those who are into crypto, as it would match their interests. It’s all about giving people something that they would actually want, right?

Moreover, although the sites are getting more and more stable, there is always a chance that your information will get leaked. That’s the beauty and the ugly of decentralized markets. There is no central body that would protect you everywhere at all costs. Or control you, to the contrary. With gifting crypto, you can avoid this issue and focus on what matters most: investing your money or spreading the idea with gifts.

Additionally, cryptocurrencies are not legal in some countries, or they are at least heavily monitored. Some people may opt to go under the radar with their crypto purchases, as those can be quite problematic in some cases. Even if it’s perfectly legal, you may still feel stressed about it, and using a cryptocurrency gift card may elevate this issue while protecting your identity. Some people are also using this strategy to avoid wondering how crypto gifts are taxed – you may just leave this topic entirely with these vouchers. Of course, we encourage you to stay on the righteous side of the law, but if you opt not to pay taxes, it can be a pretty good idea.

But what kind of crypto should you choose? Are all available on the site? Well, there is a lot to consider. Some crypto will be more sensible than others, and some coins will be more stable. There are almost 9000 cryptocurrencies available to buy, so it’s getting more complicated each day. 

Of course, the easiest answer would be – go with the most popular ones – it’s the safest! And that’s pretty much our answer. We cannot speculate on what would work or not at a particular moment. We are sure that dozens of new altcoins will come up every day that are equal to or even better than what was determined as the golden standard on the blockchain. Nevertheless, we are still counting on the more mainstream crypto choices. In our experience, coins like Bitcoins, Ethereum, and Solana are always a safe bet for investing and security.

You probably already know that cryptocurrencies are not your everyday stock options and are more prone to fluctuations. So, be sure not to invest all your savings into some new crypto-hype and instead – think about an exciting concept to involve yourself in. Check out the background of that company. See what they are doing to promote their coin. That way, it will be a much more informed decision on your part.

So, how do you gift crypto? Well, there are a couple of ways to do it. As we have mentioned, you can get it here, which we will get into more detail later in the article, but there are other ways to do so, so keep reading and see if someone would fit you better!

Gift Cards

Gift cards are the best way to gift crypto to other people. It’s anonymous; it has many payment options – there is just a lot of convenience for all the potential investors. You can gift it to your friends or send a gift to yourself as one of your investments to avoid taxes or giving out your information. 

The essential part of this idea is that you can buy a gift card from a reputable source and be sure you will get your money’s worth of crypto. Remember to buy only from verified sites that you can check out afterward. Buying and selling crypto is not the easiest of tasks, but people working on it are doing their best to make it as accessible as possible. So, recognize their effort and walk on the light side of crypto.

The best thing about this method is that you don’t need to give any verification whatsoever. You just need to buy a gift card, activate it on the website, and send it to your crypto wallet. As an increasing number of companies notice this trend, we are sure that it will become increasingly popular each day!

P2P Marketplace

Another way of gifting crypto is through the P2P websites. That way, you can anonymously sell and buy crypto however you like and to whomever you want. As you can imagine, plenty of people online are willing to even meet in the real world to secure the sale. If you agree beforehand, see that person in a disclosed location, give them cash, and wait for the transaction to go through, you will be surprised at how easy it is to transfer and gift coins to people.

Nevertheless, there are a couple of issues with that concept that the previous one did not seem to have. For example, gift cards do not need you to meet with anyone. You just log in, pick any payments you want, and you can transfer your coins easily. Next, you don’t have any risk of getting beaten up or getting your cash stolen, especially if you want to buy a substantial amount of coins. In our opinion, it’s an inferior method for sure.

Physical Coins

Well, you can also just gift someone a physical coin. There are plenty of manufacturers that are actually creating coins in real life that you can then give someone with a special code attached to it that they will then be able to send to their wallet. It’s not the easiest way of doing that, but A+ for the effort.

Hardware Wallets

The same thing goes with the hardware wallets. Those are pretty much the same thing; the only difference is that instead of giving people an actual hardware wallet with crypto, It’s a USB drive, in essence, and they are known for being highly secure and free of any malware. The only downside is that you will actually have to meet with the person. Or wait for them to send this drive to you. It may not be the optimal solution, though.

What to Keep in Mind?

Lastly, let’s go over some of the key elements to keep in mind when getting into the crypto-sphere. There are a couple of things that you have to consider before getting yourself involved in those markets, as there are plenty of things that can determine your success or failure. 

Choose Your Crypto

As we have mentioned before, choosing the right currency is extremely important when dealing with crypto. Be sure to check out one of the most safe ones, or prepare yourself for risk. We are not saying that this is not the way to go; we are simply reminding you that it’s still a new market, so investing too much money into it may be unwise. 

Choose Your Platform

Additionally, be sure to choose secure platforms. There are plenty of scams out there, with stores that will not ever be found and users trying to get the customers acquainted with their services, only to not show up or submit any information. It’s a cruel internet world with no oversight, so be sure to thread carefully.

Talk to the Recipient

Be sure to not just simply send someone the code to your gift if you have decided to give it to someone else, not yourself. It’s not an everyday gift, so it would be wise to inform the person you are giving the crypto to how to operate it, what it means to own cryptocurrency, and how they can withdraw it. There are plenty of things to keep in mind when gifting something out of the ordinary. Of course, those instructions do not have to be extremely advanced, but to get those things accepted, you will have to get them familiar with some of the “lore.”

Follow-Up!

Be sure to follow up with how things went for those people you have gifted crypto to! It does not mean getting out there daily and being a nuisance, but talking to them from time to time in order to make sure to update them with the latest activity attached to their coin is something that would be polite and in good taste.

Legal/Tax

And finally – don’t give people problems! If they don’t want to get crypto because it’s too much of a hassle – just accept it. If they can’t accept it because it’s not available in their country – make sure that they will not get into trouble. Tokens are taxable in some states and not in others, so ensure that people who will be gifting crypto understand the underlying consequences of having such an investment.

So, we hope that now you know everything about gifting cryptocurrency like any other digital asset in your possession! There are some limitations to our presentation; of course, we can’t tell you how crypto gifts are taxed in your country as we don’t know where you are from. Additionally, how you are logging into your account, what kind of payment methods you are using, or whether or not you would decide to take some interest in securing your devices – those are particular situations we would not be able to help you out within this general article.

Nevertheless, we hope that our service could bring crypto more into the light for you, with several ways we have shown you how to do it. Remember to buy only from a legitimate source and do not disclose your debit/credit card/PayPal or whatever other payment methods you would choose to any stranger online. Check out only legit sources with a security check.

That’s it for today. We hope that you enjoyed this one, and we will see you in the next!