It’s that time of a year when people are starting to ask me what I want for Christmas. I told every single person that asked me this question that the perfect Christmas gift is… Bitcoin. And since I got more stares and awkward smiles than anything else, I decided to write an article about it and tell you why Bitcoin is the best Christmas gift you can buy for your loved ones or even yourself. And how to easily buy Bitcoin with your card from one of the most trusted exchanges out there: Cex.io.
I’ll start by addressing the elephant in the room: there are many experts who are skeptical about Bitcoin and claim that this is nothing but a bubble. But this doesn’t even matter. Even if it is a bubble, if you get in now, you can still make a ton of profits and money and next year buy way better Christmas presents (or a car, or a house!)
Here’s how things are at the moment: on 21 December 2016 (so about 1 year ago), one Bitcoin was selling for its all time high back then: $807. Today, in December 2017, the same Bitcoin can be sold for around $15,000 a piece. This means an 18.5 increase in one year.
In other words, $100 worth of Bitcoin purchased as a Christmas gift in 2016 are now worth $1,850. $50 are $925 and $20 are $370. And next year, things could be even better. Of course, the more money you put into this, the bigger impact a potential massive spike like this year’s would have on your funds.
So it doesn’t even matter if this is a bubble or not. People who bought Bitcoin last year and sell it now, get 18 times more money. In their bank account or on their card, without questions. This is a fact. It doesn’t even matter if in 2-3 years or more its price crashes. Money is still to be made NOW.
So it’s pretty obvious that Bitcoin is right now the best option for a Christmas present for your loved ones. Or even yourself. It can still be your ticket to get rich or at least get a ton of easy money.
So… how to buy Bitcoin safe and easy?
The easiest and fastest way to buy Bitcoin is by using your debit or credit card to make the purchase. There are tens of exchanges out there where you can get your Bitcoin from, but I recommend cex.io (where you can also buy/sell using a bank transfer if you prefer)
Cex.io was launched back in 2013, before the Bitcoin / altcoin craze reached the heights of today and they have been improving their systems and service ever since. They are one of the safest exchanges out there and you should always go for a safe exchange unless you’re ready to risk losing all your money.
Turning fiat currency (like USD or EUR or other traditional currencies) into Bitcoin is easy on the Cex platform and I am here to guide you through the entire process. So here is what you should do:
1. Create an account on the official cex.io website.
2. In order to increase their security, the company will have to verify your identity. You will need to send them a copy of your ID and proof of residence under the form of a bill that’s on your name.
This part is a bit annoying and takes a few days usually, but it is done to keep you, your account and the entire system safe. You want safe when dealing with digital currency, otherwise you can get burned and all your money stolen from you!
3. After your account is verified (or even during the verification), you should add your credit / debit card information in the system in order to be able to make instant transactions. You can also make transactions and buy Bitcoin using your bank account directly – so whatever method you prefer works safely. I would go with the former because it’s usually a lot faster.
4. Deposit money into your Cex.io account by clicking the green Deposit button in the upper right corner:
Everything is pretty much self-explanatory here. Just select the method of payment you prefer and transfer the money.
5. After the transaction is made and the USD/EUR/GBP or RUB are in your account, click the Buy/Sell button in the upper left corner and you will be taken to this page:
Now this is the best thing about Cex.io and buying Bitcoin: with most other exchanges, the transfer from fiat currency (regular money) to BTC is not made instantly and fluctuations of the Bitcoin’s price could end up with you receiving less than you thought you would receive.
With Cex.io, however, you receive exactly the amount shown on the page at the moment of buying, so there’s no guessing around. Also, the price updates in real time and you have a timer to show you how long it’s left before it changes. Perfect and transparent, exactly how I like it!
Now that you have Bitcoin, how to turn it into a Christmas gift?
Unless you’re buying for yourself, you will want to be able to give that Bitcoin you have just bought (or just part of it) to your loved ones. In order to do so, the easiest method is by getting a Paper Wallet. You can get one from the dedicated website here – which is offered for free and they have some cool Christmas / Winter holiday designs available, to make everything even better.
Just follow the instructions and get the paper wallet, which will have the public and private keys necessary for making Bitcoin transactions, as well as a QR code that can be easily scanned with mobile phones. In other words, it’s perfect.
And most likely, it will be worth a small fortune one year from now. Just check out this reddit story (and the comments with even more stories) from somebody who received Bitcoin as a Christmas present a few years ago and is rich now. This could be you if you follow my advice and get Bitcoin as your present for Christmas.