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What happens when you send bitcoins to someone else? - George LevyDon't hold cryptocurrency on behalf of others. There are minimal reasons why you should keep cryptocurrency on behalf of another person. To buy Bitcoin for someone else, start by choosing a reputable exchange and wallet provider, verify your identity and payment method, consider buying with a gift card, and always transfer the purchased Bitcoin to the recipient's wallet address. The two main ways to buy bitcoin are through bitcoin wallet apps and cryptocurrency centralized exchanges (CEXs) that accept fiat currencies.
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