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Author Topic: Some coins or a hardware wallet?  (Read 326 times)
KiaKia (OP)
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October 27, 2022, 03:49:47 AM
Merited by hugeblack (4), DdmrDdmr (3)
 #1

My uncle's birthday is around the corner ( two weeks to this time ) and I want to gift him something related to crypto, the last time we talked he is so interested in crypto and I told him to keep doing some research online, what do you think is the best gift for a 64 years old man? I am thinking about Doge coin or a Hardware wallet?
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October 27, 2022, 04:01:22 AM
 #2

Erm. Probably help him correctly set up a software wallet on his phone then send him a certain amount of bitcoin. Not sure why DOGE is an option, knowing that Bitcoin's fees right now isn't even high.

^Of course, if gramps is planning on allocating a decent amount of money to bitcoin/crypto, then probably buy him a Ledger/Trezor.

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Sarah Azhari
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October 27, 2022, 04:22:09 AM
 #3

My uncle's birthday is around the corner ( two weeks to this time ) and I want to gift him something related to crypto, the last time we talked he is so interested in crypto and I told him to keep doing some research online, what do you think is the best gift for a 64 years old man? I am thinking about Doge coin or a Hardware wallet?

the collectible coin is the best, for example below;



but you have to tell him how to use it and better to bring him also on this forum, I believe this forum will make him fun while spending the rest of his time.

The hardware wallet is enough technical, he must use pc and phone to use it, or you can buy a smartphone that has been wallet installed
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October 27, 2022, 05:22:36 AM
 #4

If you are thinking of giving a Hardware Wallet to your uncle, of course, you have thought that your uncle will have crypto assets to store it.

why not give both? Hardware wallet that already contains crypto coins?
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October 27, 2022, 05:27:23 AM
 #5

If you are thinking of giving a Hardware Wallet to your uncle, of course, you have thought that your uncle will have crypto assets to store it.

why not give both? Hardware wallet that already contains crypto coins?

Rather let the gramps attempt to set up the wallet himself (with OP closely guiding him of course), rather than handing over the finished product. So at the very least gramps would have a general idea on how wallets actually work.

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October 27, 2022, 05:46:30 AM
 #6

Op, what if Doge is replaced with Bitcoin.?
Looks like this will sound very interesting, Bitcoin is more resistant than Doge, you can also get Bitcoin at a low price because there is a massive discount on the market.

why not give both? Hardware wallet that already contains crypto coins?
From the OP story above, he (Op's uncle) is very interested in crypto, meaning he has never used crypto before. IMO.
Op can't give ready-made products to his uncle, he has to guide him so he can understand how to use it especially when his uncle is 64 years old.

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October 27, 2022, 07:15:46 AM
 #7

It's good you're looking out to surprise your beloveth uncle,
In this phase of the crypto era, the best gift you can give to anyone now, Old or young, I suggest it being a Bitcoin, When considering the price, it's way below, but the huge potential makes it unique and excellent, it's would be the best option to give him that, and I'm sure when the price kicks in, he will forever be grateful to you, because you've just set he's feet on a successful pathway to become a future millionaire
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October 27, 2022, 07:29:26 AM
 #8

Erm. Probably help him correctly set up a software wallet on his phone then send him a certain amount of bitcoin. Not sure why DOGE is an option, knowing that Bitcoin's fees right now isn't even high.

if he is a beginner, and he obviously is, I am not sure how good it is for him to start with any phone wallet. Many things can go wrong there, just out of ignorance.
I worked as an internet provider reseller, and in general, most "beginners" do not have a clear idea of what online privacy means, or the importance of passwords/private keys.

^Of course, if gramps is planning on allocating a decent amount of money to bitcoin/crypto, then probably buy him a Ledger/Trezor.

Hardware wallets are probably the best starting point for everyone who is just starting to learn about crypto and wants to invest.

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October 27, 2022, 07:43:16 AM
 #9

My uncle's birthday is around the corner ( two weeks to this time ) and I want to gift him something related to crypto, the last time we talked he is so interested in crypto and I told him to keep doing some research online, what do you think is the best gift for a 64 years old man? I am thinking about Doge coin or a Hardware wallet?

If you expect him to spend in the near future, then yes, hardware wallet is the way to go.

But I expect the elderly are not interested in new hardware and may have difficulties with a hardware wallet. In such a case you can generate on your own HW (or a an air gapped live OS) a new seed which you give to him (at least 2 separate copies!), along with an address - so kind of paper wallet(s) he can import in his hardware wallet in the future. And of course, fund that address for a good start.
Obviously, you will have to tell him about seed safety and about checking his address on a block explorer.

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October 27, 2022, 07:59:38 AM
 #10

It seems your uncle is only get interested which mean he haven't bought any coin yet, right? If you give a hardware wallet, he will not think it's important and has a value. It's better for you to give him some coins in order to make him actually a holder of that's coin, personally I don't really think Doge is really good coin to give, Bitcoin is better. This will make him feel excited about the coins you gave and surely he will hold for long time.
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October 27, 2022, 08:39:59 AM
 #11

Erm. Probably help him correctly set up a software wallet on his phone then send him a certain amount of bitcoin. Not sure why DOGE is an option, knowing that Bitcoin's fees right now isn't even high.

^Of course, if gramps is planning on allocating a decent amount of money to bitcoin/crypto, then probably buy him a Ledger/Trezor.
That's where I planned to send the Doge coins to? He is a trust wallet user and he likes coins like Shiba inu and Doge coin. .

He knows how to handle a crypto wallet already, he is no more a crypto newbie 😆.
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October 27, 2022, 08:45:29 AM
 #12

That's where I planned to send the Doge coins to? He is a trust wallet user and he likes coins like Shiba inu and Doge coin. .
Well, then the best thing that you can do for his birthday is to educate him on the dangers of holding such useless shitcoins (you can show him all those altcoins that died during last bear market) and that he should focus on bitcoin instead. That + hardware wallet would make it a nice bday present I think.

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October 27, 2022, 09:55:29 AM
 #13

You know what your grandfather prefers, but buying a hardware wallet for an old person who doesn't know much about cryptocurrencies would be a waste of money.
The best option is a collectible coin or made of gold and silver with a bitcoin address printed on it.
You'll get more ideas or custom versions here ---> https://bitcointalk.org/index.php?board=217.0
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October 27, 2022, 11:47:43 AM
 #14

Start giving him something physical as gift like what the user above suggests which is Satori chip. This is a very cool crypto collectible coins that will make your gramps interested on it. Old man usually preferred something physical because they will not use the wallet or crypto since it's a new technology and they might just keep it without doing research on it.

I try to do this too to my parents when I'm on crypto but they just told me to convert the crypto gift to fiat so that they can use it since they are too old to learn crypto.
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October 27, 2022, 12:09:34 PM
 #15

DOGE might be a fun gift, however BTC will really last a lot longer and obviously would be the safest choice. Bitcoin is still the leader in this market.

But, if he already owns some cryptocurrencies, a hardware wallet would be my choice - if he doesn't have one already. For those new to the crypto game, a hardware wallet is the most secure way to store your coins, and it has some additional benefits over software wallets. Having a hardware wallet is just part of being a crypto holder. It's like getting a bike after you've learned how to ride a bike, it just makes sense.

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October 27, 2022, 01:52:32 PM
 #16

My uncle's birthday is around the corner ( two weeks to this time ) and I want to gift him something related to crypto, the last time we talked he is so interested in crypto and I told him to keep doing some research online, what do you think is the best gift for a 64 years old man? I am thinking about Doge coin or a Hardware wallet?
Don't be silly to give 64 years old grown man something like Doge, unless you want to make fun of him with shitcoins.
If you really want to give him something valuable think about giving him original coin - Bitcoin, that is decentralized and not controlled by clowns like Elon Musk.
You can also buy him some cool hardware wallet like Passport that looks like old mobile phones, or some other open source wallet like Trezor, Bitbox or Keaystone.

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October 27, 2022, 02:52:29 PM
Merited by fillippone (2)
 #17

My uncle's birthday is around the corner ( two weeks to this time ) and I want to gift him something related to crypto, the last time we talked he is so interested in crypto and I told him to keep doing some research online, what do you think is the best gift for a 64 years old man? I am thinking about Doge coin or a Hardware wallet?
It's amazing that a 64 year old man is interested in crypto currencies. Usually, at this age, they are concerned about other issues than money. Since your case is unusual, I think the best gift for your uncle would be a hardware wallet. Why? Because this device is easy to use and a good way to secure their crypto currencies. Exactly what can be useful for an elderly person, so as not to waste time studying and setting up crypto wallets. Which model to choose, you can see here - [BIG LIST] Hardware wallets (80+). Dogecoin I would not give. Bitcoin would be better. But between BTC and Hardware Wallet, I would prefer HW, because it will be a physical, material gift, and not something abstract and not tangible, like crypto currencies. I'm trying to take into account your uncle's age, and therefore the habits of the older generation, for whom tangible gifts may be the best option.


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October 27, 2022, 03:10:14 PM
 #18

Since your uncle is a trust wallet user then he knows how to operate a hot wallet, I believe gifting him a hardware wallet will do, the danger of using a hot wallet is high compared to using a hardware wallet. A hardware wallet all the way.

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October 27, 2022, 03:44:40 PM
 #19

How about just talking to your uncle and finding out his current level of interest and what he looks forward to learning or achieving from the crypto industry? This would be much better than getting ideas off random people on the internet.

There is a limited amount of options out there for what to gift someone related to crypto;
• one option is to introduce them to the forum and help them create an account, if they are internet savvy,
• another is to get them collectibles coins which they can hold and cherish (the older generation mostly prefer physical items).

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October 27, 2022, 06:07:41 PM
Merited by dkbit98 (1)
 #20

Which model to choose, you can see here - [BIG LIST] Hardware wallets (80+). Dogecoin I would not give. Bitcoin would be better. But between BTC and Hardware Wallet, I would prefer HW, because it will be a physical, material gift, and not something abstract and not tangible, like crypto currencies. I'm trying to take into account your uncle's age, and therefore the habits of the older generation, for whom tangible gifts may be the best option.

Ratimov originally created this list of hardware wallets, but it's been years since his original post and some of these wallets are no longer available or have been discontinued by their manufacturers. I've taken the liberty of translating his list, putting together my own updated version here: [VELIKA LISTA] Hardverski novčanici, and I will continue to update this list as new hardware wallets are released.

Although the post is in Croatian, it gives a broad overview of available devices, links to official websites and price information. The list also includes a few comments on each device, as well as a link to a review article where you can learn more about the security of each wallet.

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