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Last minute bitcoin gift for Kids
Dec 22 Mark Moss @1MarkMoss
Looking for a last minute gift for your kids, your nieces, nephews, whatever…
Here’s how to give them the gift of Bitcoin.
When I was a kid, my aunts and uncles gave me Treasury bonds.
But my parents had to hold them, nobody remembered where they went, and of course…
they ended up being basically worthless.
But giving Bitcoin isn’t that easy either…
here’s the issue with Bitcoin gifts:
1. Kids under 18 can’t legally have a River or Swan account.
2. Hardware wallets are like a hundred bucks, so that makes no sense if you’re giving less than that.
3. And little kids don’t even have phones.
So here’s what I did instead.
STEP 1
I downloaded a basic Bitcoin wallet app and created a separate wallet for each kid.
STEP 2
I sent about $50 of Bitcoin into each one.
STEP 3
Each wallet has its own seed phrase. I printed it out and the. I gave one copy to the parents, and I kept one backup.
STEP 4
Then I printed the public address QR code, put it in a small picture frame, and hung it on their wall.
So now they can scan it anytime and see their Bitcoin growing… but nobody can spend it.
After that, I deleted the wallet app completely.
The Bitcoin only exists via the seed phrase.
And every birthday, Christmas, Easter or whenever… I can just send more Bitcoin to that same address.
They watch it stack up for years.
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