BITCOIN AS GIFTS FOR TEENAGERS - page 3.

The Cryptovator

legendary

Activity: 2408

Merit: 2226

Signature space for rent

Quote from: bitmover on April 24, 2020, 07:15:19 AM

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 ).

Quote from: HCP on April 24, 2020, 07:33:35 PM

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.

HCP

legendary

Activity: 2086

Merit: 4363

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.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: WZBcoin on April 24, 2020, 01:54:03 AM

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.

amishmanish

legendary

Activity: 1904

Merit: 1159

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.

bob123

legendary

Activity: 1624

Merit: 2481

Quote from: WZBcoin on April 24, 2020, 05:36:24 AM

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.

WZBcoin

copper member

Activity: 33

Merit: 27

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.

mocacinno

legendary

Activity: 3612

Merit: 5297

https://merel.mobi => buy facemasks with BTC/LTC

Quote from: WZBcoin on April 24, 2020, 01:54:03 AM

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.

WZBcoin

copper member

Activity: 33

Merit: 27

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

Topic: BITCOIN AS GIFTS FOR TEENAGERS - page 3. (Read 791 times)