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Author Topic: How to buy Bitcoin for Grandparents?  (Read 686 times)
LoyceV
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November 25, 2017, 07:19:47 AM
 #21

Could I just download electrum, and than send bitcoins to it than copy seed 3 times and give it to him?
But why?
You can create a paper wallet that holds the funds directly. Why would you go through the hassle of giving them 3 pieces of paper with a seed that is much more complicated to use, and poses a greater risk of getting compromised?

I get that you're more familiar with Electrum than you are with paper wallets, but that doesn't mean a paper wallet can't be the best option. The first reply to this thread explains all you need to know to learn how it works.

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Mpamaegbu
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November 25, 2017, 08:58:20 AM
 #22

OP, in the first place why get granny excited about this. Bitcoin or cryptocurrency is a hi-tech innovation that should be left to the jet age. Discussions around bitcoin is even confusing to many in thus generation let alone anyone from the 19th century.

Anyway, if you must get your grandpa involved in bitcoin, why not get him a simple thing as an offline wallet like electrum? That way granny gets to control his coins by keeping the secret seeds secret and secured.


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