How do I give BTC away? - page 3. | Bitcointalksearch.org

audaciousbeing

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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.

Its very simple just ask them to create a wallet, or crate one for them and give them access to the password and make them not change it yet until they are fully ready, so in case they abandon it then you can have access to it then make the transfer also dont forget to teach them how to spend or convert to Fiat because thasts equally important and also how make more to the Bitcoin they have already as a result of bonus because that's equally essential.

HabBear

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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.

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.

btcwhiskey

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Have them download blockchain.info on their phone and transfer a few mbtc to them.

Shibashi Dogemoto

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To send bitcoins to them you need to make sure that they are aware about bitcoins and they do have an bitcoin wallet and should know how to use it or else the amount that you will send will go in vain.

andyste

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if you want give bitcoin to your friend or family
but your want send in small
you can try is use wallet , every send without fee you can try coinbase or xapo

MONKEYJUNK

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What they will do with that ammount? Just let it on the wallet?
Give bitcoins like as a xmas gift, so don't know, maybe they can buy some steam game or other thing like that...

BitcoinHodler

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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.

this is a very good idea, just make sure that you know everything yourself so you can answer their questions easily.

Quote

What is the best way to do this?

there are a lot of ways, most popular one is to give away a paper wallet you made yourself. especially with a nice print and a short help on the back of it about how to spend the coins by sweeping the private key you give them.

Quote

What are the smallest amounts that can be sensibly transferred?
Thank you.

the smallest amount (if i am not mistaken) is the dust amount which is around 5600 satoshi.
but you should give something away that has a real value like at least $1 anything lower than that is not even worth giving since they can not really do anything with it.

isen

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If your friends and family members are already familiar with online payment processors like pay pal,payza etc a good option for them is to create an account on any online Bitcoin wallet that keeps no fees (Xapo or Coinbase for example) and then you can send them any amount you think it is enough for their introduction in Bitcoin.

Hugroll

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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.

technically you can send them any amount of btc, no matter how small. but the transaction fee is going to be around 0.0001 so it would only make sense for your transaction to be atleast bigger than that, otherwise you would be paying for to transact than the transaction is actually worth.

BingoDog

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That is very nice of you. I suggest that you give them symbolic amount for the start that will not make much damage if they waist it (like 0.005 BTC) and you try to learn them everything they know, so this will make their start much easier.

arseaboy

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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

i agree with you because i also try this once, i did introduce btc with my brother and i allow him to create our local btc wallet after explaiing how btc works and how to receive and send btc i gave him .01btc and allow him to try converting it with our on currency from then after he seen big possibility of investing with btc he immediately buy some of it and now we both enjoying little earnings especially because we both learn alt trading as well.

eternalgloom

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I think it's best to give them a paper wallet and show them how to get those coins on the Mycelium app or something like that.
It's an easy process and will look pretty cool to people who don't know about this kind of stuff.

But I would send like 0.01 or 0.02 BTC, something that they can actually spend.

ipanks

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i think it will be a good idea if they install bitcoin wallet in their android phone if they have and you can send bitcoin into their wallet. while you transfer, you can explain to your family and your friends about benefit of bitcoin. i don't know about paper wallet because i am not using it. i only use bitcoin wallet in my android phone.

ObscureBean

legendary

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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

requester

sr. member

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you can plan to introduce bitcoin with your family on a special occasion by gifting each member few bitcoin in the form of QR code along with a user manual. then too can elaborate about the money in family gathering and advantages of bitcoin. they will really love it.

altcoinhosting

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I'd suggest keeping a backup copy of the paper wallets, and sweeping them yourself if the BTC hasn't been claimed in 6 months.... No need to throw coins away Wink

Yutikas_11920

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I am very moved if you will do it. But it will be better yet, before you give Trial BTC better you introduce some things that could give them a btc manner. So the trial btc that you provide only to give confidence to them that bitcoin is real and credible

amacar2

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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.

chubogo

newbie

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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.

Topic: How do I give BTC away? - page 3. (Read 2363 times)