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Author Topic: BITCOIN AS GIFTS FOR TEENAGERS  (Read 760 times)
WZBcoin (OP)
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April 24, 2020, 06:54:03 AM
Merited by philipma1957 (1), Pmalek (1), bitmover (1), The Cryptovator (1), o_e_l_e_o (1)
 #1

I started organising online sport quiz and the prizes are in Bitcoin for winners. Muy problem, only first priz goes with ledger nano harware but the other 6 winners are to be distributed via soft wallets.
Please need soft wallet recommendation that tolerate TEENAEGER's registración and easy access to their accounts.
Thanks
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April 24, 2020, 07:01:06 AM
Merited by ABCbits (1), bob123 (1)
 #2

I started organising online sport quiz and the prizes are in Bitcoin for winners. Muy problem, only first priz goes with ledger nano harware but the other 6 winners are to be distributed via soft wallets.
Please need soft wallet recommendation that tolerate TEENAEGER's registración and easy access to their accounts.
Thanks


Any non-custodial wallet will do. There is no central authority in the bitcoin ecosystem. Teenagers are not prohibited, my 11 year old daughter has a wallet.

But, if you want names:
  • Bitcoin core
  • Electrum
  • Wasabi
  • Armory
  • Knots
  • Eclair

Or, you can create a properly generated, bip38 encrypted paper wallet, and give these to your winners (together with the password). This way you can even tell them to sweep the wallet, and add a disclaimer you'll sweep any leftover funds after x months... If they're not interested in the cryptocurrency ecosystem and just throw the paper wallet away, there is no use letting the funds dissapear...

Just make sure you stay away from any custodial wallets: web wallets (even non-custodial ones), freewallet, exchange wallets,... If you use those ones, underage people might get into troubles because custodial wallets have a habit of imposing their own rule-set onto their users.

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April 24, 2020, 10:36:24 AM
 #3

Great MOCACINNO! many thanks for your reply, I love that of creating a properly generated, bip38 encrypted paper wallet. I have never done that before. I will try to learn howto.
I will appreciate if you can educate me on howto as well. Many thanks once again.
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April 24, 2020, 10:57:28 AM
 #4

I love that of creating a properly generated, bip38 encrypted paper wallet.

Please make sure to NOT use any website for that.
Doesn't matter whether offline or online. This is bad practice.

Preferably use some open source software/script to generate them (e.g. use your operating systems RNG to create a private-/public keypair or just use electrum).

With small amounts it probably wouldn't matter too much whether they get stolen or not, but its always better to not use a website.

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April 24, 2020, 11:12:30 AM
 #5

Really nice of you organizing a competition and using BTC as gifts. Most teenagers would be using a smartphone for such things. The idea of a paper wallet and telling them to sweep is a good one for the educational purposes as suggested by Mocacinno.

Though if your target is to provide a basic introduction then there are mobile wallets available with multiple features like exchanges, NFT-trading etc. One of these that I have used personally used is Enjin wallet. It allows importing using BIP38 as well as Mnemonics. It also supports things like blockchain badges which was used by Microsoft for Azure developers.
Its a neat addition and would be interesting to teenagers who tend to like beautiful interfaces and creativity.

PS: This isn't a promotion. I just happen to use Enjin as i was interested in the blockchain gaming phenomena.
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April 24, 2020, 12:15:19 PM
 #6

I started organising online sport quiz and the prizes are in Bitcoin for winners. Muy problem, only first priz goes with ledger nano harware but the other 6 winners are to be distributed via soft wallets.

You don't need to distribute Bitcoin with the software.

You can just give them the SEED (12-24 words) and suggest them a few wallets to access their coins.

I would suggest mobile wallets, as any teenager will have a mobile phone.

Electrum, Mycellium, Samourai and Coinomi are easy to use and they have a mobile version for both Android and iOS.

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April 25, 2020, 12:33:35 AM
 #7

If you're checking out mobile wallets and giving out paperwallets... Then I would recommend that you have a look at Mycelium (note: Android only, DO NOT use the iOS version of Mycelium, it hasn't been updated in ~3 years)

It has a lot of features builtin to deal with paper wallets (specifically, QR Code scanning etc). It makes it super easy to scan the private key from a paperwallet and sweep/spend the funds.

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April 25, 2020, 10:27:33 AM
 #8

You can just give them the SEED (12-24 words) and suggest them a few wallets to access their coins.
I disagree with it. They should learn to open an non custodial wallet since they are already teenagers. Sending them SEED wouldn't a good practise. If they aren't encouraged now then they will face problem near future to use of bitcoin and wallets.

I will never suggest for paper wallet any way. There is no any restriction to create bitcoin non custodial wallet. I will prefer to open Electrum wallet since they are beginner. It's easy interface, open source and secure. Just teach them how should save their seed phrase and private keys. Ask them to write on multiple paper and save them on multiple places. Electrum would use all device (mobile & PC ).

If you're checking out mobile wallets and giving out paperwallets.
Using paper wallet quite risky for newbies especially during make first transfer regarding change address. So better option I will suggest about install Electrum.

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April 25, 2020, 11:47:09 AM
Last edit: April 25, 2020, 02:13:53 PM by gmaxwell
 #9

Really nice of you organizing a competition and using BTC as gifts. Most teenagers would be using a smartphone for such things. The idea of a paper wallet and telling them to sweep is a good one for the educational purposes as suggested by Mocacinno.

Though if your target is to provide a basic introduction then there are mobile wallets available with multiple features like exchanges, NFT-trading etc. One of these that I have used personally used is Enjin wallet. It allows importing using BIP38 as well as Mnemonics. It also supports things like blockchain badges which was used by Microsoft for Azure developers.
Its a neat addition and would be interesting to teenagers who tend to like beautiful interfaces and creativity.

PS: This isn't a promotion. I just happen to use Enjin as i was interested in the blockchain gaming phenomena.
Thanks you AMISHMANISH. Great idea, I will check on the ENJIN, very interesting. Best regards

You don't need to distribute Bitcoin with the software.

You can just give them the SEED (12-24 words) and suggest them a few wallets to access their coins.

I would suggest mobile wallets, as any teenager will have a mobile phone.

Electrum, Mycellium, Samourai and Coinomi are easy to use and they have a mobile version for both Android and iOS.

Many thanks BITMOVER, nice options. The electrum wallet had issues while trying with android but the Samourai is really very interesting.
I am very happy for the recommendations.
I'll be given out the priz in Paperwaller and will guide them on setting up their mobile wallets. Samourai is really fantastic, I will continue to explore other mobile wallets.

If you're checking out mobile wallets and giving out paperwallets... Then I would recommend that you have a look at Mycelium (note: Android only, DO NOT use the iOS version of Mycelium, it hasn't been updated in ~3 years)

It has a lot of features builtin to deal with paper wallets (specifically, QR Code scanning etc). It makes it super easy to scan the private key from a paperwallet and sweep/spend the funds.

Many thanks, since the programme is going to be for long term. I'll be testing various wallet.  Mycelium is not very interesting because of tha lack of support for the iOS version.

Using paper wallet quite risky for newbies especially during make first transfer regarding change address. So better option I will suggest about install Electrum.

OK Coolcryptovator, many thanks, I'll work on the ELECTRUM.
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April 25, 2020, 02:12:34 PM
 #10

Mycelium is not very interesting because of tha lack of support for the iOS version.
OK Coolcryptovator, many thanks, I'll work on the ELECTRUM.
Just FYI, Electrum doesn't have an iOS version either... Undecided

If you absolutely must have an Android and an iOS solution and you'd like to keep it simple and use the same wallet on both platforms... maybe check out "BRD" (formerly known as "Bread") wallet... it also supports scanning QR codes to import paper wallets.

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April 25, 2020, 04:37:57 PM
 #11

You can just give them the SEED (12-24 words) and suggest them a few wallets to access their coins.
I disagree with it. They should learn to open an non custodial wallet since they are already teenagers. Sending them SEED wouldn't a good practise. If they aren't encouraged now then they will face problem near future to use of bitcoin and wallets.

I think giving them the seed will force them to do some research and search the wallet on their own. They will choose the wallet that fit their needs.

Giving them the seed is the same of giving them a paper wallet. For small amounts there is no problem at all.

I have gave a few gifts to friends like this. Like 10 usd in bitcoin... I just gave them the seed which have addresses with balance.

It is a nice and good practice imo, as it will incentive people to make research about it and learn more interesting aspects of bitcoin

Additionally,  as electrum has no iOS support there might be problems for many of those teenagers.

Coinomi or Samourai might be a better choice.

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April 26, 2020, 06:02:28 AM
Merited by The Cryptovator (1)
 #12

If you want to educate them from the bottom, then forcing them to create their own wallet is better. The OP can then send the coins to their address and remove the prize for anyone who doesn't make it in time. Everyone should know that you have to make your own seed and not accept it from somebody else. Who knows what will happen in the future if they keep that practice, they could get scammed. Even OP can scam them if they have bad intentions by transferring the money here and there and say "oh we don't know, maybe your phone or computer got a malware" and it will be difficult for those guys to prove who the theft is.

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April 26, 2020, 06:13:36 AM
Merited by WZBcoin (1)
 #13

What if you have started another online quiz, not the sports kind, but the cryptocurrency knowledge type of quiz. Then maybe as part of their test, create their wallet? This would be educational for them and start them young with these types of investments and the important part is "Why should they do it?".

Preparing the young generation with these types of exposure would probably be beneficial for all of us. You will never know, but there could be another invention that would make things easier just because of technological exposure.

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April 26, 2020, 06:49:37 AM
Merited by WZBcoin (1)
 #14

If assuming they never used Bitcoin previously, it'd be better to advice them to use Electrum (PC), Mycelium (Android) or Bread Wallet (iOS).
Bitcoin Core and Armory requires you to download hundred GB of Bitcoin blockchain. Wasabi and Samourai are good option for those who want better privacy, but it's slightly more difficult to use than wallet i mentioned on 1st sentence.

It'd be great if you make guide how to create, use and secure the wallet as well, since people who just started use Bitcoin usually neglect security or backup.

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April 26, 2020, 09:24:27 AM
 #15

Really appreciate all the contributions.

JONIBOINI is really right in that observation, any method that allow 3rd parties control of the BITCOIN plays down the PURELY PEER TO PEER OBJECTIVE, I will work towards eliminating that in a bitcoin specialized quiz like CRWTH recommended.

Great recommendation from HCP! BRD is very interesting, I will make a small video on howtodo for them.

Thanks  BITMOVER, I will adopt the seed methods for the specialised quiz for BITCOIN QUIZ (CRWTH recommendation).

Many thanks ETFbitcoin you rightly summarised the best options, I will work on them and keep you all informed about the progress.
I really appreciate all the support and recommendation, together we can carry along the younger generation. Best regards
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April 26, 2020, 09:33:16 AM
 #16

I love that of creating a properly generated, bip38 encrypted paper wallet.

Please make sure to NOT use any website for that.
Doesn't matter whether offline or online. This is bad practice.

Preferably use some open source software/script to generate them (e.g. use your operating systems RNG to create a private-/public keypair or just use electrum).

With small amounts it probably wouldn't matter too much whether they get stolen or not, but its always better to not use a website.

Yes, you are right, I USED bitaddress.org to creat the paper wallet, but created the wallets offline and cleanup the cache and elimate the history of the pc, before connecting back the pc online. I think that is secured. Please don't hesitate to let me know it that methos has loopholes, I followed some guide made in 2004.
Meanwhile, I will be adopting a more motivational method that will encourage the participants to create their own wallet as recommended by some other contributors.
Thanks for your contribution
o_e_l_e_o
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April 26, 2020, 09:56:39 AM
 #17

It'd be great if you make guide how to create, use and secure the wallet as well, since people who just started use Bitcoin usually neglect security or backup.
This. I often see people asking for advice on how to gift bitcoin, and my answer is always that the first thing you should gift is your time - time spent with the other person teaching them how to set up their own wallet. Handing someone who has no idea about bitcoin a paper wallet or seed phrase is more than likely going to result in them misplacing/losing/damaging it, or making a mistake when trying to spend the coins and either having them stolen or sending them to a change address they can't access. A much better idea is the person learning the basics about wallets and general security, and then you sending them some coins to their own addresses. This also removes the third party trust aspect, in that the receiver of the coins doesn't have to trust that you generated the paper wallet securely and aren't secretly holding a copy of it yourself.

Yes, you are right, I USED bitaddress.org to creat the paper wallet, but created the wallets offline and cleanup the cache and elimate the history of the pc, before connecting back the pc online. I think that is secured.
Ideally, you should also have booted in to a live OS (such as a Linux distro on a USB stick) and generated the wallets there, rather than from your usual OS, and you should use a permanently airgapped device. You also need to make sure the printer you used is airgapped, and you have wiped its cache/memory too.

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April 26, 2020, 10:29:59 AM
Last edit: April 26, 2020, 03:57:50 PM by Coolcryptovator
 #18

If you want to educate them from the bottom, then forcing them to create their own wallet is better.
Fully agree, that what I have tried to explain in my above post..I believe that would more beneficial if they could learn more about bitcoin technology rather than just received funds.

I think giving them the seed will force them to do some research and search the wallet on their own.
I have gave a few gifts to friends like this. Like 10 usd in bitcoin... I just gave them the seed which have addresses with balance.
It is a nice and good practice imo, as it will incentive people to make research about it and learn more interesting aspects of bitcoin
Again, I won't agree with you. Giving them seen seed will not force, but it is very easy step to send money. Forcing them to create their own wallet and teach them about wallet, seeds, private keys, hash, clients, change address and so on would be more beneficial as I said above. You just send 10$ to your friends but this isn't good practise. By this way they would misunderstood from the beginning. They might think their seeds could compromised with friends since you already know their seeds. Is this really good practice? I don't think so. Do right things with newbies to they will learn right. Share seeds wouldn't good practice ever either with friends or families.

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April 26, 2020, 12:09:57 PM
 #19

It'd be great if you make guide how to create, use and secure the wallet as well, since people who just started use Bitcoin usually neglect security or backup.
This. I often see people asking for advice on how to gift bitcoin, and my answer is always that the first thing you should gift is your time - time spent with the other person teaching them how to set up their own wallet. Handing someone who has no idea about bitcoin a paper wallet or seed phrase is more than likely going to result in them misplacing/losing/damaging it, or making a mistake when trying to spend the coins and either having them stolen or sending them to a change address they can't access. A much better idea is the person learning the basics about wallets and general security, and then you sending them some coins to their own addresses. This also removes the third party trust aspect, in that the receiver of the coins doesn't have to trust that you generated the paper wallet securely and aren't secretly holding a copy of it yourself.

Yes, you are right, I USED bitaddress.org to creat the paper wallet, but created the wallets offline and cleanup the cache and elimate the history of the pc, before connecting back the pc online. I think that is secured.
Ideally, you should also have booted in to a live OS (such as a Linux distro on a USB stick) and generated the wallets there, rather than from your usual OS, and you should use a permanently airgapped device. You also need to make sure the printer you used is airgapped, and you have wiped its cache/memory too.


Many thank O_E_L_E_O !, for your contribution. I really like that of using airgapped device. I will surely adopt that as good practice.
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April 26, 2020, 12:13:58 PM
 #20

The OP can then send the coins to their address and remove the prize for anyone who doesn't make it in time.
I understand that it is quiz and I generally agree with your post, except the part which I quoted. Some users will find it more difficult to understand a new technology and they will need more time. Rushing them might lead to mistakes.

Teenagers, mobile phone security, and Bitcoins, all in one place. Somehow I am skeptical about this.
How many unknown apps does a usual teenager keep on his phone and what exactly do they do? All kinds of games, social media, porn, funny videos, and other links circulating around. All those find which friend visits your profile most often type of services are a great front to steal data, private info, etc.
   

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