Give bitcoins as a gift to someone that haven't got bitcoin wallet

kenneho

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Quote from: ObscureBean on May 17, 2016, 12:17:44 AM

I'm not sure what the best options are when it comes to physical tokens other than paper wallets. But I think it's worth mentioning that you can send Bitcoin directly to any email address from a Coinbase account. The recipient will be prompted to create an account with Coinbase (if they don't have one) in order to retrieve the funds.

That would be a good option too. Thanks for the tip.

Quote from: Kakmakr on May 17, 2016, 01:26:44 AM

I do not know, if a paper wallet will be the best option. Imagine if you gave someone a gift card, but before they can use it, they must first signup to some sort of service and then figure out how to transfer this money from the gift card to the wallet service, before he can spend it.

Just create a wallet for him, and deposit some money into it. Then give him the url to the site and the username and password. This way you can help him, if he gets stuck or even take back that money, if he prefer cash or something else. < He would be a shitty friend, if he does that > ^joke^

This is a good option too. Luckily, in my case, my friend is a tech guy, so I gave him the paper wallet on Saturday, along with a walkthrough on how to get started using the wallet, and it didn't take him long to figure things out.

Kakmakr

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I do not know, if a paper wallet will be the best option. Imagine if you gave someone a gift card, but before they can use it, they must first signup to some sort of service and then figure out how to transfer this money from the gift card to the wallet service, before he can spend it.

Just create a wallet for him, and deposit some money into it. Then give him the url to the site and the username and password. This way you can help him, if he gets stuck or even take back that money, if he prefer cash or something else. < He would be a shitty friend, if he does that > ^joke^

ObscureBean

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I'm not sure what the best options are when it comes to physical tokens other than paper wallets. But I think it's worth mentioning that you can send Bitcoin directly to any email address from a Coinbase account. The recipient will be prompted to create an account with Coinbase (if they don't have one) in order to retrieve the funds.

kenneho

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Quote from: odolvlobo on May 11, 2016, 12:48:48 PM

Yes, it looks good. Just remember that if the address is in your wallet, then your wallet will think it is ok to spend the bitcoins. Also, when you send bitcoins to the address, you wallet may warn you that you are sending bitcoins to your own address, because sometimes people do that by mistake.

Thanks for the heads-up. I'll make sure to remove the address from my wallet as soon as my friend confirms that he's accessed the wallet.

Looking forward to giving him the paper wallet now. The wallet printed from bitaddress.com looks really nice.

Thanks for all the help, guys!

odolvlobo

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Quote from: kenneho on May 11, 2016, 11:27:45 AM

Quote from: odolvlobo on May 10, 2016, 03:01:15 PM

If you want to be extra careful, make sure that the bitcoin address on the paper wallet comes from the private key on the paper wallet. That will ensure that your friend can actually spend the bitcoins at that address. You can import the private key into a wallet and check that it generates the same Bitcoin address. Don't use you normal wallet because you might accidentally spend your friend's coins. I have a separate wallet specifically for doing this.

You can verify that the address has bitcoins by viewing it in a block explorer like blockr.io or blockchain.info.

Yesterday I used my Blockchain android app, and scanned the "Load & Verify" part of the paper wallet. The paper wallet was imported into my app as a "Watch only" address. Today I scanned the "Spend" (i.e. private key) part of the paper wallet, provided the password, and the address changed state by removing the "Watch only" text. I guess this means everything works perfectly, and that the paper wallet is done as soon as I transfer (rest of the) bitcoins to it. Correct?

Yes, it looks good. Just remember that if the address is in your wallet, then your wallet will think it is ok to spend the bitcoins. Also, when you send bitcoins to the address, you wallet may warn you that you are sending bitcoins to your own address, because sometimes people do that by mistake.

kenneho

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Quote from: odolvlobo on May 10, 2016, 03:01:15 PM

If you want to be extra careful, make sure that the bitcoin address on the paper wallet comes from the private key on the paper wallet. That will ensure that your friend can actually spend the bitcoins at that address. You can import the private key into a wallet and check that it generates the same Bitcoin address. Don't use you normal wallet because you might accidentally spend your friend's coins. I have a separate wallet specifically for doing this.

You can verify that the address has bitcoins by viewing it in a block explorer like blockr.io or blockchain.info.

Yesterday I used my Blockchain android app, and scanned the "Load & Verify" part of the paper wallet. The paper wallet was imported into my app as a "Watch only" address. Today I scanned the "Spend" (i.e. private key) part of the paper wallet, provided the password, and the address changed state by removing the "Watch only" text. I guess this means everything works perfectly, and that the paper wallet is done as soon as I transfer (rest of the) bitcoins to it. Correct?

delliaerd

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Quote from: kenneho on May 07, 2016, 05:34:11 AM

Hi all.

I'd like to give (part of a) a bitcoin as a gift to a friend that probably haven't used bitcoins before, and therefore don't have a wallet. In fact, I haven't bought and used bitcoins myself even, so it's quite new to me too.

What's my options when it comes to giving bitcoins as a gift? I'm going to give him a birthday card, so some physical token symbolising the bitcoin would be great.

Regards, kenneho

If you want to give some bitcoin to someone who didn't have a bitcoin wallet, you can take another ways because bitcoin is online currency. But obviously you can give your friends physical bitcoin, I think it is good gift because it is very beautiful but still glamour.

Amph

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a cool way would be to do it like with lottery ticket, where you unveil the private key by scratching the surface

this can be done with a paper wallet, it would be funny for him, to unveil it and see hopw much that key hold

it can also be the lottery fo the future based on bitcoin

mrhelpful

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Paper wallet is fine, but you can actually spend $30 bucks on ledgers cold wallet usb chip.

And welcome them that way since they wont be tech savy and its user friendly for people who arent too informed with bitcoin.

https://www.ledgerwallet.com/

Since its more of a plug in type of deal.

bitcoinblog

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Make a greeting card with the help of paperwallet. And gift your friend with some satoshi in it.

odolvlobo

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Quote from: kenneho on May 10, 2016, 09:17:28 AM

I like this idea. I have created an account over at localbitcoins.com. I'm not quite sure how to transfer bitcoins to the wallet created at bitaddress.org though. Will I have to download an android app and set up yet another wallet, as described on https://blockchain.info/wallet/paper-tutorial?

Just send the bitcoins from your blockchain.info wallet to the address on the paper wallet.

Quote from: kenneho on May 10, 2016, 01:08:52 PM

I think I got it now. I printed the paper wallet created at bitaddress.org site, and on the paper wallet is a bitcoin address. I'll just transfer bitcoins to that address, and then hand over the paper wallet to my friend.
Next thing for me is to find a way to verify that the paper wall indeed is loaded with the bitcoins I send over.

If you want to be extra careful, make sure that the bitcoin address on the paper wallet comes from the private key on the paper wallet. That will ensure that your friend can actually spend the bitcoins at that address. You can import the private key into a wallet and check that it generates the same Bitcoin address. Don't use you normal wallet because you might accidentally spend your friend's coins. I have a separate wallet specifically for doing this.

You can verify that the address has bitcoins by viewing it in a block explorer like blockr.io or blockchain.info.

Velkro

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Quote from: kenneho on May 07, 2016, 05:34:11 AM

Hi all.

I'd like to give (part of a) a bitcoin as a gift to a friend that probably haven't used bitcoins before, and therefore don't have a wallet. In fact, I haven't bought and used bitcoins myself even, so it's quite new to me too.

What's my options when it comes to giving bitcoins as a gift? I'm going to give him a birthday card, so some physical token symbolising the bitcoin would be great.

Regards, kenneho

I would give him paper wallet (without encryption). He would have nice time figuring out how to use it.

kenneho

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Activity: 39

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I think I got it now. I printed the paper wallet created at bitaddress.org site, and on the paper wallet is a bitcoin address. I'll just transfer bitcoins to that address, and then hand over the paper wallet to my friend.
Next thing for me is to find a way to verify that the paper wall indeed is loaded with the bitcoins I send over.

kenneho

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Activity: 39

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Quote from: odolvlobo on May 07, 2016, 04:55:15 PM

Go to https://www.bitaddress.org and click on "Paper Wallet". Print out one or more and then send bitcoins (or a fraction of a coin) to the address on the wallet you are sending to him. I recommend keeping a copy so that if your friend loses it, you can still recover the bitcoins for him.

I like this idea. I have created an account over at localbitcoins.com. I'm not quite sure how to transfer bitcoins to the wallet created at bitaddress.org though. Will I have to download an android app and set up yet another wallet, as described on https://blockchain.info/wallet/paper-tutorial?

RJX

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Quote from: jossiel on May 09, 2016, 02:48:55 AM

I want to be your friend Grin

but don't give him something that he can't appreciate it, since he doesn't know about bitcoin yet,
It is not the right time to give it to him, better exchange it and give him a real money instead of bitcoin.

How can somone get to appreciate something when he doesn't start using it, or get involved with it? Gotta start somewhere right? You just tell him 'don't do it'.

Clearly, a paper wallet in a birthdaycard, or whatever the occasion, is a splendid way to introduce people to bitcoin. There are lots of businesses accepting BTC and it's a fun alternative to existing moneys.

jossiel

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I want to be your friend Grin

but don't give him something that he can't appreciate it, since he doesn't know about bitcoin yet,
It is not the right time to give it to him, better exchange it and give him a real money instead of bitcoin.

BitcoinSupremo

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Best would be if you install to your friend phone Mycelium if he/she has a Android phone, or BreadWallet if he/she has a Iphone. Get the receiving address from the wallet and send them what you want to send as gift. Just make sure you don't see their encryption Bip37 as there is no need to do this, a wallet should be as much personal as possible. This is good for a start. Then after he/she gets familiar with it, send them an email telling about desktop wallets and hardware wallets so he/she can have a more clear idea how this works.

prix

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I think a paper wallet is the best option for you. Another good option if you setup a wallet to friend's phone and do transaction in real time.
And don't forget to instruct about security, backups and other important things regarding Bitcoin.

pooya87

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i also think using a paper wallet as a gift has a nice thing to it, you just have to make it the right secure way.

but also you always have the option to open up a wallet in other forms for them, like on coinbase for example, because it is easy to use and newbie friendly. or also you can use other wallets like eletrum for pc or one of the phone wallets for convenience.

iram66680

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She uses a phone right?
Just download a bitcoin wallet app and tell her this is a internet money bank to store her money in and you will send her some. Then it will ding when you send it to her. That will get her curious on how it works. She will be instantly hooked. Wink

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