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Which crypto? Some of them are less scammy than others.
There is absolutely no guarantee that it will balloon in price, and it could very well evaporate. I would just hold it for a while. You could find a place to spend it, but there are not many places that take crypto anymore
If you do want to convert it to cash, there are several more options than there used to be. There are the main crypto exchanges like Coinbase and Gemini in the US, but they have an exhaustive customer onboarding process. I think Paypal and Robinhood now take crypto transfers in, and their process may be simpler. But they all accept only certain types of crypto. If your friend gave you $7 in SafeShibaElonMoonCoin, you would have to figure out how to convert it into something Paypal accepts.
So it bitcoin unless I'm confused, 0.00017btc which equals 6.72 is what I'm seeing in my account. I'm using the coinbase wallet app.
Bitcoin is safe. Do not sell for something more risky. Even if Bitcoin continues to grow as it did before, you will only have 67.2 in 2026. That amount of money will not make you rich. The average human owns 0.002375 btc, so you are still poorer than the average human in Bitcoin
btc is bitcoin yes. coinbase is one of the bigger exchanges so that's fine
if you live in the USA crypto makes your taxes more complicated; the IRS wants to know when you buy and sell it and how much you got it for just like traditional investments.