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Investopedia does not include all offers available in the marketplace. Here are the steps to ensure that the process goes smoothly:. If you don't already have crypto to give, you can purchase it through a crypto exchange. This should include a letter to the recipient specifying the gift parties, amounts and purpose. Cold Storage: What It Is, How It Works, Theft Protection Cold wallets, a type of crypto wallet, are digital cryptocurrency storage on a platform not connected to the internet, which protects them from hackers.
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