Crypto is topping Gen Z’s holiday wish list. Here’s what they’ll need to know.

Do you have Generation Z on your holiday shopping list?

Gen Z, generally born between the mid-1990s and early 2010s, are currently living from their teens to their late 20s. As “digital natives,” they readily embrace technology that older generations may find confusing. This year crypto is on the holiday wish list.

Here’s what a crypto giveaway might look like and how it might happen.

“From AI-powered gift discovery to cryptocurrency as a legitimate gift option, we are seeing Gen Z and young Millennials leading the fundamental reimagining of commerce,” said Bruce Cundiff, vice president of consumer analytics at Visa.

The report found that more than 1 in 4 shoppers (28%) would be excited to receive cryptocurrency as a gift. However, for Generation Z, the “excitement to buy crypto” rate increased to 45%.

The survey also found that Gen Z is leading other consumer behaviors:

• They are 44% more likely to use crypto to pay for purchases than other age groups.

• More than half (55%) said they would shop on social media platforms.

• They are more likely to use biometric authentication such as fingerprint or facial scan (71%).

• And 60% are more likely to buy gifts from abroad. We’re betting that Shein and Rakuten are also involved.

But what if Gen Z is stocked with cryptocurrency? What should they do with it?

Read more: What is Bitcoin and how does it work?

So, if you received some bitcoin (it’s doubtful that someone would buy you a “full” bitcoin worth around $90,000 – but who knows?) or other crypto, what do you do with it?

Remember, crypto is digital, so you will not receive physical money. What you unpack depends on how the digital currency is delivered. It could be:

From a crypto exchange or broker: In this case you will receive a statement and instructions. Your Bitcoin may be held by a broker or exchange or in one of these “wallets.”

• In a hot wallet: You get online access, but the code that will unlock your crypto, called a private key, must be stored in a secure location, such as a safe deposit box.

• In a cold wallet: You will receive a piece of hardware (or even a piece of paper) without an internet connection. There is no backup, so if you lose your cold wallet you lose your crypto too.

A crypto gift can also come from:

• Bitcoin ATM: You may have seen these; they look like typical cash ATMs. You will have a receipt and instructions.

• A fund traded on a crypto exchange: You’ll probably be looking at an investment firm’s paper statement.

Crypto gift cards It was available a few years ago, but has largely been discontinued. However, Coinbase says it will still accept previously issued gift cards.

Read more: Can you buy crypto with a credit card? See the pros and cons.

Once you have your crypto you will want to decide on the following:

1. If you want to buy more. When you receive crypto as a gift, what’s in play is someone else’s money. If you buy more cryptocurrencies, you want to make sure you’re prepared for crypto volatility.

2. Spend it. This will require finding an online or physical merchant that accepts crypto payments.

3. Keep it for the long term. Watch crypto grow. Or not.

4. Sell ​​it for fiat currency (old-school cash). How you achieve this will depend on how your crypto is stored.

Considering all the options above on how someone can get a crypto gift, you can also buy and gift crypto this way.

The easiest way to buy crypto as a gift is to use an exchange or one of the crypto-friendly trading platforms. Some of the most popular are Robinhood, Kraken, and Crypto.com.

For example, Kraken offers an app This allows you to buy and send cryptocurrencies.

“Think essentially of Venmo, but with 400 different currencies and 400 different crypto assets,” Kraken communications manager Alex Cassells told Yahoo Finance. Cassells says the app will allow you to buy cryptocurrency like Bitcoin and send it as a payment link to a recipient.

“You can send it as a text message and then all they have to do is click, verify their account and then receive the money. [crypto] It will be on their account. “If they don’t do this, the money doesn’t leave your account, so it only stays in your account,” he added.

Read more: How to navigate crypto meltdown: ‘Be willing to wait’