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Author Topic: Gifting Bitcoin to minor  (Read 807 times)
LoyceV
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March 17, 2022, 10:08:03 AM
 #41

I'll make my WARNING! a bit bigger: you too are linking to a site that promotes a known and confirmed scam site! DO NOT use those sites to create a paper wallet, you will lose your funds!

Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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March 18, 2022, 08:12:32 PM
 #42

Gifting bitcoin to minor or young age people was a good option.For his/ her birthday you can gift of 1000$ value of bitcoin to his wallet. Incase you gifted the bitcoin to first year college student.Then it take 4 years for him to complete his graduation. After four years the price of bitcoin will cross the value of 3-4 k dollars. So that 4000 dollars can be used by that minor person to started a business with that 4k dollars.



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antonio george
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March 21, 2022, 09:01:22 AM
 #43

I would like to gift Bitcoin to a minor - how would I do this please?

you can gift bitcoin to anyone it does not depend on th age
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March 23, 2022, 10:41:29 PM
 #44

I would like to gift Bitcoin to a minor - how would I do this please?

you can gift bitcoin to anyone it does not depend on th age
Age does matter because if that someone doesnt really have idea on what he/she receives then it would just be a waste of those coins or would be totally lost in void which is a sad part.

Whenever you do consider on gifting bitcoins to a minor then you should take the full responsibility of its recieving wallet and on the time that certain fella is able to understand things
then this is where you do explain to it which i would see to be a better move to be made and not just sending out without minding about those probabilities.
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April 09, 2022, 09:25:06 AM
 #45

It completely depends upon the individual (minor) whom you are gifting to,whether he/she is responsible enough to utilize coin in a right manner,must be adult or we can say must having governmet ID and also need to check whether bitcoin is legal or not in the country of a minor whom you are gifting the bitcoin.
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June 23, 2022, 07:57:38 PM
 #46

There is only 10 percent bitcoin mining left.Gift the bitcoin to poor and needy people for help,as they realy need it.
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June 29, 2022, 02:16:17 PM
 #47

There is only 10 percent bitcoin mining left.Gift the bitcoin to poor and needy people for help,as they realy need it.
Not everyone can manage bitcoin. Bitcoin is not just like the fiat currency we use for purchasing,  bitcoin has more value and it usefulness is beyond spending as currency. Giving bitcoin to people who have no idea how it works and how it is been used as investment  can be of waste,  I think they need bitcoin education first than to offer them bitcoin as a gift.

R


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JohnBitCo
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July 09, 2022, 03:40:14 AM
 #48

There is only 10 percent bitcoin mining left.Gift the bitcoin to poor and needy people for help,as they realy need it.

Bitcoin is money and everyone needs money. We are here discussing gifting bitcoin to minors (who may be our relatives/friends) and not about the charity in bitcoins.

I would encourage parents to give half of their pocket money to their children in bitcoins and tell them to save it for the future. The other half can be given in dollars (or any local currency) which they can spend.
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July 14, 2022, 10:51:00 PM
 #49

There is only 10 percent bitcoin mining left.Gift the bitcoin to poor and needy people for help,as they realy need it.

Bitcoin is money and everyone needs money. We are here discussing gifting bitcoin to minors (who may be our relatives/friends) and not about the charity in bitcoins.

I would encourage parents to give half of their pocket money to their children in bitcoins and tell them to save it for the future. The other half can be given in dollars (or any local currency) which they can spend.
Not all parents would really be knowledgeable on todays tech specially into those 40-60s as of this moment but not all since there are ones who are aware on tech world or era we are living on.

Gifting bitcoin to a minor then it would really be needing some introduction or at least giving them the idea on what it is and how it do works or simply talks about that so on the time that you had transferred out some coins then they are really that aware on how to keep it safe and would make it as a saving for long term aspect.

It all matters on knowledge that you do share up and of course it would be depending on that minor if he/she fully understands on whats bitcoin or crypto is all about.

R


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