Gifting Bitcoin to minor | Bitcointalksearch.org

Lanatsa

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Quote from: JohnBitCo on July 08, 2022, 10:40:14 PM

Quote from: Car52 on June 23, 2022, 02:57:38 PM

There is only 10 percent bitcoin mining left.Gift the bitcoin to poor and needy people for help,as they realy need it.

Bitcoin is money and everyone needs money. We are here discussing gifting bitcoin to minors (who may be our relatives/friends) and not about the charity in bitcoins.

I would encourage parents to give half of their pocket money to their children in bitcoins and tell them to save it for the future. The other half can be given in dollars (or any local currency) which they can spend.

Not all parents would really be knowledgeable on todays tech specially into those 40-60s as of this moment but not all since there are ones who are aware on tech world or era we are living on.

Gifting bitcoin to a minor then it would really be needing some introduction or at least giving them the idea on what it is and how it do works or simply talks about that so on the time that you had transferred out some coins then they are really that aware on how to keep it safe and would make it as a saving for long term aspect.

It all matters on knowledge that you do share up and of course it would be depending on that minor if he/she fully understands on whats bitcoin or crypto is all about.

JohnBitCo

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Quote from: Car52 on June 23, 2022, 02:57:38 PM

There is only 10 percent bitcoin mining left.Gift the bitcoin to poor and needy people for help,as they realy need it.

Bitcoin is money and everyone needs money. We are here discussing gifting bitcoin to minors (who may be our relatives/friends) and not about the charity in bitcoins.

I would encourage parents to give half of their pocket money to their children in bitcoins and tell them to save it for the future. The other half can be given in dollars (or any local currency) which they can spend.

Rockstarguy

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Quote from: Car52 on June 23, 2022, 02:57:38 PM

There is only 10 percent bitcoin mining left.Gift the bitcoin to poor and needy people for help,as they realy need it.

Not everyone can manage bitcoin. Bitcoin is not just like the fiat currency we use for purchasing, bitcoin has more value and it usefulness is beyond spending as currency. Giving bitcoin to people who have no idea how it works and how it is been used as investment can be of waste, I think they need bitcoin education first than to offer them bitcoin as a gift.

Car52

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There is only 10 percent bitcoin mining left.Gift the bitcoin to poor and needy people for help,as they realy need it.

mayfair_coin

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It completely depends upon the individual (minor) whom you are gifting to,whether he/she is responsible enough to utilize coin in a right manner,must be adult or we can say must having governmet ID and also need to check whether bitcoin is legal or not in the country of a minor whom you are gifting the bitcoin.

carlfebz2

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Quote from: antonio george on March 21, 2022, 04:01:22 AM

Quote from: Coingifter on November 21, 2021, 10:29:54 AM

I would like to gift Bitcoin to a minor - how would I do this please?

you can gift bitcoin to anyone it does not depend on th age

Age does matter because if that someone doesnt really have idea on what he/she receives then it would just be a waste of those coins or would be totally lost in void which is a sad part.

Whenever you do consider on gifting bitcoins to a minor then you should take the full responsibility of its recieving wallet and on the time that certain fella is able to understand things
then this is where you do explain to it which i would see to be a better move to be made and not just sending out without minding about those probabilities.

antonio george

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Quote from: Coingifter on November 21, 2021, 10:29:54 AM

I would like to gift Bitcoin to a minor - how would I do this please?

you can gift bitcoin to anyone it does not depend on th age

ajochems

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Gifting bitcoin to minor or young age people was a good option.For his/ her birthday you can gift of 1000$ value of bitcoin to his wallet. Incase you gifted the bitcoin to first year college student.Then it take 4 years for him to complete his graduation. After four years the price of bitcoin will cross the value of 3-4 k dollars. So that 4000 dollars can be used by that minor person to started a business with that 4k dollars.

LoyceV

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Quote from: Quintom on March 17, 2022, 01:47:06 AM

~~https://shift.infinite.red/gifting-cryptocurrency-to-kids-c9c5a4644f31~~

I'll make my WARNING! a bit bigger: you too are linking to a site that promotes a known and confirmed scam site! DO NOT use those sites to create a paper wallet, you will lose your funds!

Quintom

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I think it's not a bad idea gifting kids with Bitcoin, but you have to gift them with some restrictions though, to make sure they don't misuse it.
It's not bad gifting minors, it will help you gain bonuses even. As time goes on you'll explain to them how they can use it wisely.

https://shift.infinite.red/gifting-cryptocurrency-to-kids-c9c5a4644f31

LoyceV

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Quote from: DoublerHunter on February 05, 2022, 04:57:50 PM

with this link ~~https://bitcointalksearch.org/topic/howto-give-bitcoin-as-a-gift-5190702~~

Warning: That link promotes a site that steals your Bitcoin! It used to be legit, but got sold and turned into a scam. Do not use it!

DoublerHunter

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Quote from: Coingifter on November 21, 2021, 10:29:54 AM

I would like to gift Bitcoin to a minor - how would I do this please?

^ Gifting it to someone is a great thoughtful gesture on your part, but you must consider his or her age. Does that minor already have the necessary understanding and has studied the entire notion of BTC ownership? You should also consider whether the child is responsible enough to care for what you have given to him/her so that it does not go to waste. After that, consider the steps you probably learn on how to give BTC as a gift with this link https://bitcointalksearch.org/topic/howto-give-bitcoin-as-a-gift-5190702

syedakhlaque

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Quote from: Coingifter on November 21, 2021, 10:29:54 AM

I would like to gift Bitcoin to a minor - how would I do this, please?

If you want to give bitcoin to minor for future use or future insurance and safety.Maybe your own child or someone's friends, relatives or some dear to you. Then it is right. In the future, when he will come of age and be young. It is possible that there will be a huge increase in bitcoin price and bitcoin amount may double or more. So, in this regard, it is not bad to give bitcoin to a minor.

Obito

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Quote from: Coingifter on November 21, 2021, 10:29:54 AM

I would like to gift Bitcoin to a minor - how would I do this please?

Teach them about how the world works, what fiat is and how to be financially wise and then you get to the good stuff which is telling the minor what cryptocurrency is, remember that a minor doesn't have a lot of experience so you're going to have to be thorough when it comes to things that you want to introduce.

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Quote from: yhiaali3 on December 26, 2021, 12:41:18 PM

I do not think that gifting bitcoins to a minor is a legal crime in any way, but the question is what is the purpose of gifting bitcoins to a minor? Is it just a gift without other goals? Or is it for education, for example? Or for other purposes? I think the only case that can be punished by law is if it is a temptation to a minor, unless there is bad intentions I don't think there will be any legal accountability.

Gifting bitcoin is as like gifting of fiat and people give cash to there family members etc except if bitcoin is regarded as a crime in that country then it can be illegal too to do bitcoin gifting. It will look as if it is being used to induce the minor or make him hodl it illegally . The basis is if the bitcoin is regarded as a crime in the country but if not it should freely be given as gift.

LoyceV

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Quote from: yhiaali3 on December 26, 2021, 12:41:18 PM

what is the purpose of gifting bitcoins

It's quite normal for an uncle to give his nephew a gift for certain occasions.

yhiaali3

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I do not think that gifting bitcoins to a minor is a legal crime in any way, but the question is what is the purpose of gifting bitcoins to a minor? Is it just a gift without other goals? Or is it for education, for example? Or for other purposes? I think the only case that can be punished by law is if it is a temptation to a minor, unless there is bad intentions I don't think there will be any legal accountability.

Coingifter

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Sounds good to me, thankyou.

LoyceV

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Quote from: Coingifter on December 19, 2021, 08:15:51 AM

is Kraken any good? I have signed up and am good to go...aiming for small initial investment ($30) and low buying/seeling fees...

I'm a satisfied customer.
Buying/selling fees are usually low (0.26%), withdrawal fees is what gets you on most exchanges for small transactions.
It's actually quote low nowadays at Kraken:

Code:

Minimum withdrawal 0.00050 BTC
Withdrawal fee 0.00002 BTC

In dollars: just under $1 fee (Binance charges 25 times more, and tries to trick you into accepting fake tokens).

Coingifter

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is Kraken any good? I have signed up and am good to go...aiming for small initial investment ($30) and low buying/seeling fees...

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