Topic: gifting Bitcoin (Read 120 times)
It's easiest to use a wallet that looks like your dad/uncle/grand mother would be able to use rather than expect they will figure their way out of an Armory install. You could consider phone wallets too, as long as you can generate paper backup out of them.
I appreciate the help.
Just to make sure I'm on the same page: Rather than create full node secure wallet with Armory---fund---gift wallet seed. Do the same thing except use a reputable executable "light" wallet that has similar backup/restore procedure fund that---gift wallet seed.
That seems simplest to me, Bye pass import/sweep of wallet generator type paper wallet, simply restore from seed & update pass phrase.
Thanks.
Just to make sure I'm on the same page: Rather than create full node secure wallet with Armory---fund---gift wallet seed. Do the same thing except use a reputable executable "light" wallet that has similar backup/restore procedure fund that---gift wallet seed.
That seems simplest to me, Bye pass import/sweep of wallet generator type paper wallet, simply restore from seed & update pass phrase.
Thanks.
1) Pick the wallet software you expect the gift recipients are most likely to use (assess user experience vs security).
2) Make sure the software can natively create paper backups. The kind that comes with the instructions to restore funds from the backup written all over it.
3) Create a wallet with that software, send coins to, back it up to paper and gift that.
Alternatively there are services out there that sell some variations of physical wallets (posters/cards/bank notes look-alike with a private key hidden on it). Some of these come unfunded so that you can put whatever amount you want in them.
These are more "gift like" but don't come with the same security as creating the wallet backup yourself, nor do they have dedicated instructions on how to claim the coins with the software of your choice.
2) Make sure the software can natively create paper backups. The kind that comes with the instructions to restore funds from the backup written all over it.
3) Create a wallet with that software, send coins to, back it up to paper and gift that.
Alternatively there are services out there that sell some variations of physical wallets (posters/cards/bank notes look-alike with a private key hidden on it). Some of these come unfunded so that you can put whatever amount you want in them.
These are more "gift like" but don't come with the same security as creating the wallet backup yourself, nor do they have dedicated instructions on how to claim the coins with the software of your choice.
What is best way to gift bitcoin to family/or noobs from armory?
I would like to make it simple for family to hodl long term or import into wallet of there choice-probably phone app. vs. full node.
I would like to make it simple for family to hodl long term or import into wallet of there choice-probably phone app. vs. full node.
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