Giving Bitcoin as a gift

[rickadone]

I would suggest getting her a paper wallet if you want her to have bitcoin legally without any troubles or headaches. She will put it somewhere safe hopefully and when the time comes she will cash it out or keep saving it for future who knows. Wallets that are paper is the best way to gift someone because it literally can be stored anywhere you want without searching too far, just put it between some book pages and you are good to go.

I have done the same for couple of my friends back in the day and gave them small amounts just so they would be interested in it, when the price reached 20 thousand dollar levels they were still around 70 dollars or so in value, nothing major but they were really glad and happy to know they had some bitcoins at least and did not missed out. Some of them cashed it in and turned it into some other coins and of course bear market killed their profits but others just kept on checking the price for it and not using it.

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[otundebis]

You could create a paper wallet for her while she learn how to to use bitcoin provided she has interest to learn now.  The paper wallet work so well should could access her funds anytime and the how to is all over cryptocurrency or Bitcoin website!

[squatz1]

Please don't send her bitcoin with a Coinbase account, set her up with a simple online web wallet (which is going to fit her needs fine) Or if you want to get a little more into it, then you should go ahead and get her a hardware / paper wallet and hold it for her. I'd only suggest this cause I doubt she's going to know what to do with it / actually go ahead and use it anyway.

Bitcoin is a wonderful gift, though I don't think your niece is going to use it at all as of yet.

[Question123]

If you want to gift bitcoin to your niece which is minor you can use other wallet that you think minor is acceptable in your wallet. Better teach to your niece better if she hold the bitcoin that you give to her until the price increase very high.

[Micerker]

If you want to gift bitcoin to your niece which is minor you can use other wallet that you think minor is acceptable in your wallet. Better teach to your niece better if she hold the bitcoin that you give to her until the price increase very high.

Do you think that when donating a Bitcoin wallet to a child or a loved one when it suddenly rises you will not take back the wallet and sell Bitcoin? Say something that will make you ready to give someone some time and let the receiver of your gift decide everything.

[upsidedown75]

Before getting other people to be involved with Bitcoin, I heavily suggest that you make sure that you actually know what you're doing first. Leaving your funds in Coinbase is a bad idea. Coinbase is an exchange, and only treat it as it is, an EXCHANGE for Bitcoin<->fiat. Not as a wallet for storing your funds.

Read:

• Topic: [General] Bitcoin Wallets - Which, what, why? https://bitcointalk.org/index.php?topic=1631151.0
• Bitcoin/Cryptocurrency Wallets & it’s Risks https://cryptosec.info/cryptocurrency-wallets/

That is actually what I was going to address. It seems actually that the OP does not even understand the importance of cold storage when it comes to holding for long term to be thinking of coinbase account for holding which in this case is centralized and in that case, anyone using it does not have any control over their wallets.

Also, it is very imperative to let the niece understand what he is giving her, the importance, what makes it tick, why it is going to be a good hold for the long term, and how she can always keep it secured. This is a jet age and you will be surprised at how these kids can quickly catch up. At least in such case, a paper wallet will even do, but at least make sure she understands how well she will need to keep it secured.

[metalglowd]

I want to give my niece some bitcoin, but she has to be 18 to have a Coinbase account. Is there a way for a 13-year-old to sign up somewhere for bitcoin, or is it strictly for over 18-year-old's? Good to get them familiar with this from a young age!

after all for what you give bitcoin to a child who is underage, yes unless you can outsmart it, maybe it is legitimate. It's better to give something useful than to give bitcoin, we should understand that there is a certain limit for someone to understand about things that should not be time for them.

Give your niece a smartphone to keep contacting with you i think its better.