Opening a Bitcoin account for all my kids/Minor

[Odogwu-Blockchain]

Creating Bitcoin wallet for our children will be just a waste of time unless the man will gradually be accumulating Bitcoin for them, the right thing we can do for our self and children for now is to open a bank account for and gradually be depositing fiat into before them to grow money go don full their account this one go even make life more easy for them.

Why creating a bank account for children when this generation is practicing civilization, Bitcoin savings is the newest and latest innovations one could ever try to do, to be ahead of the society and bring children to start having the knowledge from onset till old age so they never depart from it when they grow old.

My children will literally be getting the knowledge from their early stage of adolescent, starting to buying off Fiat to Bitcoin wallet for storage on their own.

[Grace333]

I just dey think this topic since,ee dey good make papa open plenty bitcoin account for all in pikin ,dey nurse the acct small small till the pikin come go school finish then you  come give them those account to start ,or they no go value am?

Since e be say cryptocurrency investments has almost conquer I think if papa or mama do this for in own pikin ee never bad then when  they grow up the account then go give them.
Tell them about digital assets, security,blochain,and market dynamics to make sure say they sabi them so that when they grow they go take full charge and control on their different accounts.
Na this thing wey I dey reason since ,I say make I talk am here ,I don't know if una dey see am the way me dey see am ,to me ee good day make papa open bitcoin investment account for ee own pikin,how una see this one.

This na very valid reasoning since bitcoin na ling term asset if the parents immediately dem born pikin dem just create one bitcoin wallet come lump sum for the account fo that when the pikin reach 16 years that bitcoin seff go don reach 16years and e go also be the parents duty to dey teach the pikin about bitcoin from small dey come so that before dem get to the age wey you go hand over the seed phrase give them dem go don dey grounded with the knowledge and how to manage am. Normally children are bound to make mistakes so I go advice make the parents still test them by giving them only a small portion first to see how they mange it. And if them no manage am well then you know say dem still dey lack financial discipline.

[Miles2006]

Don’t talk about the child’s opinion yet if they’ll value the idea because in an African home parents forcefully make decisions for their kids not minding their personal choice but, presently things are changing though I doubt if anyone will not love the concept of bitcoin investing. The correction has already been made about bitcoin wallet not account, for a wealthy parent I know they can keep up with accumulating bitcoin gradually using the available amount, kids nowadays have a bank account operated by the patents and I always wonder why not save this money in bitcoin that has higher value compared to fiat, this idea is good.

[Pi-network314159]

Well if I get you right, wetting you mean na to open Bitcointalk account for your children? If na wetting you mean, den e no make sense because your children no go no dey value. You no see say the forum dey hard? Even you self dey struggle since and you no how far to see water talk more of say you wan build for your children. The truth of the matter be say Dem go kill am isap or Dem no go even know how hard e take you to reach there. The only thing you fit do na if this platform still dey till Dem grow to adults, you fit introduce Dem make Dem run am by Dem self to see how e be. If their head no carriam make Dem sit-down one place, but if their head carry am den you fit support Dem. But if na to open Bitcoin wallet  com put am Bitcoin inside den you fit do am keep for Dem as inheritance but no be Bitcointalk account.

[DPHOR]

Creating a Bitcoin wallet is as easy as ABC, but making use of it is what actually attributes to wallet.
What I mean is that, when you create the wallet what you need to do is to be making deposit to the address that Bitcoin wallet would generate for you and when they grow up you hand them over their seedphrase and they can easily import it on any wallet they would be downloading on their smartphone or PC.

[Makus]

You mean a bitcoin wallet right? because there is no such thing as a bitcoin account, make sure you get that corrected. This is actually a good thing to do, even they are may be too young to understand what bitcoin is all about you can keep accumulating bitcoin for them while teaching them gradually until they are grown up. The advantage of this is that when they finally become adults they would not jaut have knowledge about bitcoin but they have their own coins that they can decide to keep investing. Take it easy and don't rush the process with them.

[SatoPrincess]

I wan really understand watin you mean by you go open Bitcoin account for all your children?
Make I first follow you with big grammar first because this one just dey too funny and incomprehensible.
You never even grow your account reach member, you dey find children you wan pack account give when dem never even born them. Alaye try achieve something for this forum before you go talk say you wan create account give children wey never come this world.

I been don type response to your post thinking say OP dey refer to bitcoin wallets. Na after I don read the OP again I realise say na bitcointalk accounts e dey talk about. I never hear this kind idea before since I join this forum, my head sef no fit carry am so I go assume say na cruise.

OP no be the best decision to make because them go tag the accounts when the post and writing pattern change, people way don kpai for forum never fit give their accounts to family members without tags.

You mean a bitcoin wallet right? because there is no such thing as a bitcoin account, make sure you get that corrected.

Read his other comments on the thread. OP dey refer to bitcointalk accounts.

[osasshem]

Creating different wallet address for your unborn children is not really a bad idea, but it doesn't really make much sense when you know they are yet to be born, instead, having a single account for them, where you can be accumulating some SATs before they are born. Which will appreciate over time.

But if you de talk of Bitcointalk account, make you know say na that one be account farming, which e no de okay with the forum. When the posting pattern, password or email address change, person go definitely de way oh identify those things and tag those accounts them. This one no be better thing to do at all, cause na your main account e go worry pass.

[Yablee0]

I wan really understand watin you mean by you go open Bitcoin account for all your children?
Make I first follow you with big grammar first because this one just dey too funny and incomprehensible.
You never even grow your account reach member, you dey find children you wan pack account give when dem never even born them. Alaye try achieve something for this forum before you go talk say you wan create account give children wey never come this world.

I been don type response to your post thinking say OP dey refer to bitcoin wallets. Na after I don read the OP again I realise say na bitcointalk accounts e dey talk about. I never hear this kind idea before since I join this forum, my head sef no fit carry am so I go assume say na cruise.

OP no be the best decision to make because them go tag the accounts when the post and writing pattern change, people way don kpai for forum never fit give their accounts to family members without tags.

You mean a bitcoin wallet right? because there is no such thing as a bitcoin account, make sure you get that corrected.

Read his other comments on the thread. OP dey refer to bitcointalk accounts.

I also saw the statement by the op but I just believe that should be a grammatical error from his end because I don't think that's what he meant by opening a Bitcoin talk account when he actually hasn't built his to a standard level he's talking about building for his kids to me is not making any sense at all but for him to prove us otherwise he would have come on air and clear up the narration and make us understand more better.

[Sticky Bomb]

Na this thing wey I dey reason since ,I say make I talk am here ,I don't know if una dey see am the way me dey see am ,to me ee good day make papa open bitcoin investment account for ee own pikin,how una see this one.

You for just call am wallet and not account, accounts are created with exchanges wey be 3rd parties and Dem no really dey safe since me person dey control am and anything fit happen and you lose your funds. The best na to create non-custodial wallets for Dem and keep the series it private keys safe offline and secured, then when Dem grow you and you don teach Dem wetin digital assets mean and em importance, you go fit hand dem over de respective accounts.

Just as child insurance funds wey dem dey create for children, you fit use Bitcoin investment instead and dey DCA small small dey put into the address of each of them until Dem bid and E go don reach something tangible plus Bitcoin price appreciation for don make an increase in value pass the total of wetin you don invest.

[Fiasem20]

It’s a good idea to start building a solid foundation for your kids.At first I got a bit confused by your topic,creating a “bitcoin account” instead of “Non custodial wallet”.It doesn’t end at building a decent portfolio of bitcoin for your kids,endeavor to educate them on the basics of bitcoin and the digital space at large.Tell them the worth and value of bitcoin and one thing to note is that;never disclose such financial information to them at their tender age,children literally don’t keep things to themselves at their tender age,so for the safety and security of your children keep such information away from them till they’re old enough to decide what is right and wrong.

[ruykeri]

It would be a great idea if a father started this. Parents already save money for their children for their future security. And if those savings are made in fiat currency, the value will decrease further due to inflation. But if you hold Bitcoin instead of saving in fiat currency, you will have the possibility of getting much more profit in the long run. Because it will take 20+ years for your child to grow up and earn an income. If someone continues to invest in Bitcoin for such a long time, there is a possibility of getting many times the profit.

[Tungbulu]

For me, accumulating the bitcoins for them yourself would be a lot more better than just creating separate wallets for them. And then maybe when they are finally of age and have the mental preparedness to hold those bitcoins, you can hand it over to them and be sure that they won’t just waste it. Bitcoin is something that requires intentionality and commitment, and in the hands of one who’s not committed, especially a kid, it can be very dangerous. So instead of just opening a wallet for them, just hold the bitcoins in your wallet and when they’re old enough, they can open their own wallet and you just hand over those bitcoins to the
 

[Agbe]

There's nothing like that a bitcoin account, the proper word is wallets. The most important thing is that you are creating this account and making some investments Until they get older, even though they might not really understand the benefits of this because they are still young but with time they will gradually begin to understand what it's all about. This is a good decision you are taking because it will be of benefit to them.

[Tetu100]

There's nothing like that a bitcoin account, the proper word is wallets. The most important thing is that you are creating this account and making some investments Until they get older, even though they might not really understand the benefits of this because they are still young but with time they will gradually begin to understand what it's all about. This is a good decision you are taking because it will be of benefit to them.

I guest the Op was making a mistake when he said bitcoin account, even from the beginning of the thread many forum members was actually thinking what he meant was bitcointalk account but I just hope he realizes his errors.

However, making such decision is indeed a great approach in laying down financial foundations for your children and it will be of a great impact in their financial life. Though not all will buy such idea but I consider it as an easy way of preparing our kids for a brighter future.

[Berry2d]

There's nothing like that a bitcoin account, the proper word is wallets. The most important thing is that you are creating this account and making some investments Until they get older, even though they might not really understand the benefits of this because they are still young but with time they will gradually begin to understand what it's all about. This is a good decision you are taking because it will be of benefit to them.

Yes creating and investing for them may look somehow to those that don't know it's important but I think it will serve as a stepping stone for them when the time comes for them to make use of it. One Important thing that contributes heavily to once financial stability is when one has an already established foundational requirement for uplifting, instead of fighting for what is needed to attain to the level we desire.  Honestly speaking investing for once children is a perfect idea because it's very difficult to determine once financial strength in the future as no one knows what tomorrow may look like.

[fredericktaylor]

I just dey think this topic since,ee dey good make papa open plenty bitcoin account for all in pikin ,dey nurse the acct small small till the pikin come go school finish then you  come give them those account to start ,or they no go value am?

Since e be say cryptocurrency investments has almost conquer I think if papa or mama do this for in own pikin ee never bad then when  they grow up the account then go give them.
Tell them about digital assets, security,blochain,and market dynamics to make sure say they sabi them so that when they grow they go take full charge and control on their different accounts.
Na this thing wey I dey reason since ,I say make I talk am here ,I don't know if una dey see am the way me dey see am ,to me ee good day make papa open bitcoin investment account for ee own pikin,how una see this one.

Not only opening a wallet, you have to collect Bitcoin continuously, if you start collecting Bitcoin with a long-term plan until your children become adults, as a result, as the children gradually grow older, you will be able to collect a lot of Bitcoin in your wallet, you will not be able to enjoy any of its benefits in the future if you only open the wallet. It is not possible for children to understand how Bitcoin works, so it is very important for a child to be an adult. When you are able to collect Bitcoin with a long-term plan until your children become adults and when your children become adults and know that you have been collecting Bitcoin for them for a long time, their interest in learning about Bitcoin will increase relatively more. As a result, children will benefit more in the future.

[Pablo-wood]

Don’t talk about the child’s opinion yet if they’ll value the idea because in an African home parents forcefully make decisions for their kids not minding their personal choice but, presently things are changing though I doubt if anyone will not love the concept of bitcoin investing. The correction has already been made about bitcoin wallet not account, for a wealthy parent I know they can keep up with accumulating bitcoin gradually using the available amount, kids nowadays have a bank account operated by the patents and I always wonder why not save this money in bitcoin that has higher value compared to fiat, this idea is good.

Does a child have opinion when it comes to securing their future?. To me their opinion only counts if it aligns with their future getting better and brighter. Even I don't even think it is advisable giving them that awareness they have some coin saved to their name until they have come of age to make decisions for themselves. Many parents who took advantage of investment opportunities in their time created a soft future for their kids, many even took heavier risk without informing their kids. Bitcoin investment portfolio is one legacy any parent should leave for their kids without seeking their consent. If they grow up and decides they don't like the idea they can always do what they want with the accumulated coin.

[Gozie51]

Since e be say cryptocurrency investments has almost conquer I think if papa or mama do this for in own pikin ee never bad then when  they grow up the account then go give them.

E make sense, just like new parents dey plan fix the money wey the baby get from gift through birth to first birthday. So instead of taking such gifted money to open bank account for the child, e go better to just take am arrange some fraction of btc keep for the baby because if such money go bank, the benefit is to the bank on the interest side and the value go even drop before it will mature.

Just imagine when you lock some fraction of btc for 17/18 years, that one na better investment.

However, the parents must ensure say them safeguard the securities of the wallet very well and it must have to be a separate wallet from that of the father or mother and mother to avoid the temptations of deeping hand into it when things hard for family.

Again, them go try to dey let the child know say im get something like that wey dem keep for im at a certain age, maybe from seven years so that even if the parents no live to hand it over to him alive, he may be able to trace it through the parents document or something like that if they leave traces too.

Tell them about digital assets, security,blochain,and market dynamics to make sure say they sabi them so that when they grow they go take full charge and control on their different accounts.

This is not going to be difficult because the children will grow up with the generation of technology and cryptocurrency.

[Solodoski]

Don’t talk about the child’s opinion yet if they’ll value the idea because in an African home parents forcefully make decisions for their kids not minding their personal choice but, presently things are changing though I doubt if anyone will not love the concept of bitcoin investing. The correction has already been made about bitcoin wallet not account, for a wealthy parent I know they can keep up with accumulating bitcoin gradually using the available amount, kids nowadays have a bank account operated by the patents and I always wonder why not save this money in bitcoin that has higher value compared to fiat, this idea is good.

A reasonable child don't need anyone to force him to value the idea of Bitcoin, it will be a privileged for them as they are young to learn while they make good decision on how to manage a bitcoin portfolio account.

In Nigeria parents forcefully make decision for their children. It also happens outside of Nigeria. The reason why parents make those decisions is because the decisions are good. A good parent will not make bad decisions for their kid.