How do I give BTC away? - page 2. | Bitcointalksearch.org

CoinBreader

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Quote from: amacar2 on October 13, 2016, 08:47:49 AM

You can print paper wallet from bitaddress.org and give them printed paper wallet containing bitcoin address and private key. And also guide them how they can import those private key to online wallets and use those bitcoins in address. I think 0.001BTC could be considered as good amount to give away as fee is like 0.0001BTC around per transactions.

For the oldest members of your family you can give them a paperwallet, but for the youngest you can download a mobile wallet & make the transfer instant, its way more facinating than hand them a paper with btc.. and some strange numbers! Wink

surosopaceglug

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first tell them to make btc wallet and then make address from it
if they dont know anything about it
it your job to explain it
after they have address you can send btc to them

ObscureBean

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Quote from: garmerys on October 16, 2016, 01:24:56 AM

Quote from: amacar2 on October 13, 2016, 08:47:49 AM

You can print paper wallet from bitaddress.org and give them printed paper wallet containing bitcoin address and private key. And also guide them how they can import those private key to online wallets and use those bitcoins in address. I think 0.001BTC could be considered as good amount to give away as fee is like 0.0001BTC around per transactions.

Very thoughtful comment. you have made a good point to the op, I thnk its left for him to decide whether to implement it or not. But, I like to suggest to follow as per your suggestions as it will work effectively most probably.

If you were a non-techie person who's never heard of Bitcoin and someone gives you a piece of paper worth ~ $0.7 along with a complicated set of instructions on how to convert your small treasure to dollars, would you really take the time to go through the process? I think most people would just forget the piece of paper in a pocket somewhere. However if you create an account for them and send them at least $10 worth, I think they'd be more likely to try to learn about Bitcoin.

Carlsen

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Quote from: HabBear on October 13, 2016, 02:29:38 PM

Quote from: chubogo on October 13, 2016, 08:42:36 AM

I want to give the smallest practical amount of BTC to friends and family to introduce them to it.
What is the best way to do this?
What are the smallest amounts that can be sensibly transferred?
Thank you.

In terms of BTC, I think you should gift them no less than BTC0.10. 1 tenth of a bitcoin is small, but enough to make people understand they have a fair portion of a full coin. If you give them something less it will feel insignificant. People using fiat aren't familiar working with or realizing the value of less than a tenth of basic denomination, e.g., no one sees value in having 7 cents, but a dime or more is something.

Now the challenge is that a tenth of a bitcoin is roughly $60 right now, not a cheap gift! But you could wow them with the amount of things they can buy with just a tenth of a bitcoin.

Giving away 10% of one bitcoin is quiet a lot for most people. About 64 dollars at the moment.
For most people I do not spend that much for christmas.
A bitcoin advertisement in such a high range just for one person does not seem to be appropriate to me. Even if it's for family.
Unless the givig person is a millionair.

garmerys

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Quote from: amacar2 on October 13, 2016, 08:47:49 AM

You can print paper wallet from bitaddress.org and give them printed paper wallet containing bitcoin address and private key. And also guide them how they can import those private key to online wallets and use those bitcoins in address. I think 0.001BTC could be considered as good amount to give away as fee is like 0.0001BTC around per transactions.

Very thoughtful comment. you have made a good point to the op, I thnk its left for him to decide whether to implement it or not. But, I like to suggest to follow as per your suggestions as it will work effectively most probably.

Zadicar

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Quote from: kevinrio on October 15, 2016, 04:35:04 PM

Quote from: chubogo on October 13, 2016, 08:42:36 AM

I want to give the smallest practical amount of BTC to friends and family to introduce them to it.
What is the best way to do this?
What are the smallest amounts that can be sensibly transferred?
Thank you.

I think the smallest amount you should give is at least 0.0025 BTC because less than this would make them feel poor for bitcoins, or if you know them good like you sad family then maybe give them 0.01 ( 10mBTC )

0.1 amount would be good though, if your family is rich then you must introduce them or give them only a small amount Cheesy

They wont matter if you would give them small amounts or bigger . As long you introduce to them what is bitcoin and its uses. It would be still a good thing.

kevinrio

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Quote from: chubogo on October 13, 2016, 08:42:36 AM

I want to give the smallest practical amount of BTC to friends and family to introduce them to it.
What is the best way to do this?
What are the smallest amounts that can be sensibly transferred?
Thank you.

I think the smallest amount you should give is at least 0.0025 BTC because less than this would make them feel poor for bitcoins, or if you know them good like you sad family then maybe give them 0.01 ( 10mBTC )

Chris!

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The easiest way to give a small amount would be to ask them to download a wallet themselves and you send it to them. Putting 10000 satoshi on a paper wallet then sending that to another address would just diminish the already tiny amount you would be giving them

caxandra

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Just make a new wallet using blockchain and send it to them through email, Blockchain being the easiest possible wallet to use and would save them the import private key difficulty, They might not learn enough about it though.

dunfida

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Quote from: chubogo on October 13, 2016, 08:42:36 AM

I want to give the smallest practical amount of BTC to friends and family to introduce them to it.
What is the best way to do this?
What are the smallest amounts that can be sensibly transferred?
Thank you.

All members here are saying the same thing or suggesting the same thing . In my own opinion you could either tell them to make a web wallet for you to able to pass bitcoin to them or you give them a paper wallet which is good to show about bitcoins usefulness and opportunities on your family members.

18thacccount

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I guess generating few addresses through bitaddress for example and then printing the QR of private key and putting it in an envelope would be a decent way, The smallest sensible amount that would encourage the one receiving it to look it up would be 0.01 - 0.02 BTC IMO.

pooya87

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Quote from: chubogo on October 13, 2016, 08:42:36 AM

I want to give the smallest practical amount of BTC to friends and family to introduce them to it.
What is the best way to do this?
What are the smallest amounts that can be sensibly transferred?
Thank you.

if you want to give bitcoin to someone close to you like a relative it is best to set up a wallet for them in front of them to teach them how everything is done live.
i did that with Electrum and for one of my friends and gave him 1-2 USD worth of bitcoin to teach him how it works.

davis196

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Quote from: chubogo on October 13, 2016, 08:42:36 AM

I want to give the smallest practical amount of BTC to friends and family to introduce them to it.
What is the best way to do this?
What are the smallest amounts that can be sensibly transferred?
Thank you.

I don`t understand.

You want to print bitcoins and give them to your friends and family,or you want to transfer the btc online?

You can`t transfer 1 satoshi,thats for sure. Grin

MONKEYJUNK

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Quote from: Kakmakr on October 14, 2016, 12:48:29 AM

I do this every Xmas, and they call me the Bitcoin Santa in the family. I create paper wallets, and then I dump some money into that address. I make a copy of the private key, so if they do not claim it in 12 months, I just sweep the wallet or buy something else for them. ^smile^

I include instructions in an envelope, to create an account on one of these online wallet providers and how to sweep the wallet.

Looks nice, if you want pass on my home this year, I can PM you my address hahahaha hope it can bring more people to this amazing technology... The idea of take the money back if they don't use is nice too, but what if they are holding it? ^^

Kakmakr

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I do this every Xmas, and they call me the Bitcoin Santa in the family. I create paper wallets, and then I dump some money into that address. I make a copy of the private key, so if they do not claim it in 12 months, I just sweep the wallet or buy something else for them. ^smile^

I include instructions in an envelope, to create an account on one of these online wallet providers and how to sweep the wallet.

rik3

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Quote from: chubogo on October 13, 2016, 08:42:36 AM

I want to give the smallest practical amount of BTC to friends and family to introduce them to it.
What is the best way to do this?
What are the smallest amounts that can be sensibly transferred?
Thank you.

The Best Way I Think is That You Can Send Him 0.001 Btc Online And then You Tell Them How To Spend and Make Profit From This 0.001 Btc......
The Smallest Amount That Can be Sensibly Transferred Is 0.0001 Btc And the Fees of Every Transaction is 0.0001 Btc......

Hirose UK

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Quote from: ObscureBean on October 13, 2016, 09:39:41 AM

I would suggest that you create online wallets for them with either Coinbase or Blockchain. From experience, explaining to non-techie people how Bitcoin works and asking them to download a special software to receive the Bitcoin is just too complicated. With an online account, they won't need to wait for the Blockchain to download every time, you just need to show them how to send and receive Bitcoin from their wallet and that's it.
I'm not sure what the smallest amount you can send from Coinbase but I imagine it would have to be 30k sats (around 20c) or above. Also, you don't pay any transaction fees when you send from your Coinbase wallet

yeah. it's good for those who are the first time into bitcoin using an online wallet because the access is easy.

I use blockchain, but it needs fee to send bitcoin. I'm not sure how much the smallest amount we can send by blockchain.

tenk

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Just send it to their wallets.

If you're asking like a philosophical or a philanthropic question, I would say teach them what Bitcoin is. What it can do, it can buy, etc. Thos kinds of things. Go over to the basics and show them the benefits and limitations of the cryptocurrency.

Then, feel better that you did a good thing to your fellow human being and this lifetime. Cheesy

secdark

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Quote from: chubogo on October 13, 2016, 08:42:36 AM

I want to give the smallest practical amount of BTC to friends and family to introduce them to it.
What is the best way to do this?
What are the smallest amounts that can be sensibly transferred?
Thank you.

First, you need to create their btc wallet before sending them some part of yours. The smallest amount i think is 13000 satoshi.
Tell them that bitcoin is reliable and it has many use in this world. It can also help them to pay for their needs.
Teach them also how to use bitcoins and better ways to make it plenty hehe or how to invest it in many ways.
That's all I know buddy

Wendigo

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You can load a virtual gift card with Bitcoin and send it to your family & friends. A lot of festive themes are available for the upcoming holidays. Website: http://www.bitgreet.com/

Also you could print out a festive Christmas Bitcoin paper wallet and give it to your relatives loaded with the amounts you like.
Website: https://bitcoinpaperwallet.com/bitcoinpaperwallet/generate-wallet.html?design=holiday

Printable Bitcoin tips : https://www.bctip.org/en/

Just do a Google search for more entries Wink

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