How to send crypto gifts using your Coinbase account?
If you are a crypto trader and looking for a gift for any friend or family member, you probably think about gifting digital assets. And, if the recipient is also a crypto investor, it will be the cherry on the cake.
So, now the question that arises here is- Is it possible to send cryptocurrencies as a gift to someone?
Yes! Of course, it is possible and quite an easy process, you can send crypto gifts through any exchange which provides any such facility.
Sounds fantastic, Right?
So, to aid you on the same, I’m here with intact guidance to tell you how can you send cryptocurrencies as a gift using a Coinbase log in account. So, if you are also a Coinbase user and wanted to gift crypto, come along with me to know the process.
Things you should know before sending crypto gifts
- To claim the crypto gift, the recipient must reside in a nation where cryptocurrency conversions are permitted.
- At present, Japanese users of Coinbase cannot give cryptocurrency gifts, but they may receive them.
- Cryptocurrency may only be gifted to an email address.
- If you send a gift of cryptocurrency to an active account, you can’t cancel or reverse it.
- Verify the recipient's email address once again before delivering cryptocurrency as a gift.
Send cryptocurrencies as a gift from Coinbase
After going through the points given above, the pathway you should for sending crypto gifts is as follows.
- Initialize the process by performing Coinbase log in.
- Now, tap the hamburger icon (3 horizontal bars) to open the menu.
- Select “Send a gift” from the prompted menu and pick up the asset you want to send.
- Thenceforth, input the amount of assets and press “Continue”.
- After this, you will be asked to enter the email address of the receiver accurately.
- Pick up the most preferred gift card design and add a note if you want.
- Finally, tap the “Gift now” button to send the crypto gift.
In this way, you can simply send cryptocurrencies as a gift to anyone, it will automatically be added to the receiver’s account if they are already a Coinbase user. Else, first, they should create a Coinbase account and then after accomplishing the Coinbase log in, they can get access to assets sent through gift cards.
Read More>>Coinbase Sign In
Notable point: If can’t undo your gift if you’ve sent it on a working and verified Coinbase account but they can send you back if you ask them to do so. But, if you have sent the gift to the wrong email ID, you may cancel it later on.
To conclude
Coinbase crypto exchange allows its users to send digital assets as a gift to others who reside in Coinbase-supported countries. In case, you’ve gifted it to someone who doesn’t reside in the country where Coinbase is supported, you can cancel your gift. After cancellation, within 30 days your gift amount will be returned to your account, which you can access and trade after Coinbase log in.
Wrapping up this read with a piece of advice, if you are getting any obstacles in sending or receiving crypto gifts after making sure that the recipient fulfils the necessary criteria, you can get assistance from the Coinbase support team.
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Reviewed by Eva
on
January 17, 2023
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