How to work with different wallets?

[TheSmo]

Hi all,

I want to hand out BTCs to my kids. So my question is: what is the best way to do it?

I need a software where I can easily switch between different wallets.
The wallets need to be accessable on minimum two different PCs.
OS is Windows 8.x
I would prefer not to use Java (due to several reasons, not to be discussed here plz).
I can (but would prefer not to) use different Windows logins/accounts on both machines.

Any suggestions how to do it the easiest way?

[Velkro]

create address, buy BTC on chosen exchange, send it to your address, thats it, no need any wallets

[Light]

I want to hand out BTCs to my kids. So my question is: what is the best way to do it?

IMO, the best way would be to give them a laminated paper wallet (possibly with BIP38) or an encrypted wallet on a USB.

You could probably look at Electrum - its lightweight, can be used on Windows, Linux and OSX and as far as I know doesn't actually use Java. It also offers the ability to switch between different wallets and signing transactions offline if you ever wish to move into cold storage.

[mjc]

These are great.  You print them and then you can buy security seals to seal the folded paper.

https://bitcoinpaperwallet.com


I used them to give away BTC to family last Christmas.  It was the gift that stopped giving and started taking.  :-)

You can download the code that creates it and run it.  I reviewed the code and ran wireshark to monitor the traffic to make sure it was safe.

[TheSmo]

Thanks for the idea with Electum, will check it.

About paper wallets: that doesn't make any sense, they cannot use a paper wallet to buy stuff...

[Jan]

If they have an android device they can spend from cold storage paper wallets using Mycelium

[TheSmo]

If they have an android device they can spend from cold storage paper wallets using Mycelium

They don't own Android devices .

[TheSmo]

create address, buy BTC on chosen exchange, send it to your address, thats it, no need any wallets

Well, they want to do something with the money...

So when they want to convert it to fiat money, they need to transfer the money to an exchange... and when they want to buy something at Amazon or a game shop, they also need to be able to enter their adress... and ofc I don#t want them to type an adress by hand, lol .

[c-cex]

Hi all,

I want to hand out BTCs to my kids. So my question is: what is the best way to do it?

I need a software where I can easily switch between different wallets.
The wallets need to be accessable on minimum two different PCs.
OS is Windows 8.x
I would prefer not to use Java (due to several reasons, not to be discussed here plz).
I can (but would prefer not to) use different Windows logins/accounts on both machines.

Any suggestions how to do it the easiest way?

We have 90 wallets right now. Our exchange is safe to store funds. Just check our security options.
https://c-cex.com

[jonald_fyookball]

electrum is easy

[xDan]

Honestly, the "easiest" way is probably an online wallet service such as blockchain.info

That way they can use it like they might use PayPal, Facebook, or any other website where they might have their own accounts.

Of course, don't use it for large amounts, pocket money only. And teach them of that fact

[RUEHL]

my cold storage wallet is generated from electrum.

[ChuckBuck]

Honestly, the "easiest" way is probably an online wallet service such as blockchain.info

That way they can use it like they might use PayPal, Facebook, or any other website where they might have their own accounts.

Of course, don't use it for large amounts, pocket money only. And teach them of that fact

Second this notion, for smaller amounts.

Easiest way to access the same wallet across 2 different computers.

[keithers]

While cold storage may package as the best gift because you can wrap it and then physically open it, I think it is a good idea to give them a wallet (online), so that they can familiarize themselves with the process and how it all works (versus just having a coin, or piece of paper) to look at.

[xDan]

While cold storage may package as the best gift because you can wrap it and then physically open it, I think it is a good idea to give them a wallet (online), so that they can familiarize themselves with the process and how it all works (versus just having a coin, or piece of paper) to look at.

I think at least some wallet services let you import the private key.

So, give them a paper wallet, and then teach them how to import the private key into the web wallet. They'll learn a bit then too.

[fryarminer]

my friends and I do not trust online wallets anymore, thanks to Gox, and also to the several other crypto and bitcoin exchanges that have had problems. If I have coin, I want full control of it. Blockchain is good because you can get your private key and so you can spend your money if the site goes down. But otherwise, having your coin online is like trying to keep your pet coy in a river. You're never going to know when they're going to be gone.

[activebiz]

U should either use multibit, electrum wallet

[TheSmo]

Thanks for your input... looks like I really go for an online wallet for them... it's really the best solution for now.

Thanks @ all.