One bitcoin as a gift? Sounds very expensive, it seems to me that it is easier to buy a car, because not everywhere you can pay with it.
Right now Bitcoin is a global currency that is generally accepted by any country, so no one that will not value Bitcoin as gift if we happen to issues the person as gift, and secondly you can transfer Bitcoin to any wallet you want provided that it's a Bitcoin wallet address, any value below five dollars can go, it's not necessarily mean a big money. 
Topic: [Howto] Give Bitcoin as a gift (Read 659 times)
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Although the comment hardly warrants resurfacing this thread, in light of it, it is worth mentioning that the site referenced in the OP to generate the paper wallet has plenty of scam accusations, and apparently went rough after changing hands, possibly even before this thread was created back in 2019.Even though the OP describes a process whereby code is downloaded from github and executed offline, even if the accusations are seemingly more related to the online version, it’s obvious that the software should no longer be used.
See:
bitcoinpaperwallet.com - scam still alive?
Vulnerability discovered on bitcoinpaperwallet[.]com - DO NOT USE IT
https://privacypros.io/wallets/paper-scam-warning/
https://www.reddit.com/r/Bitcoin/comments/ktydef/help_me_shut_down_the_bitcoinpaperwalletcom_scam/
I don't think I'm ready to give bitcoin yet, since I don't have it yet. So for the holidays, I buy wholesale roses online from https://fiftyflowers.com/collections/roses, because it is cheaper than buying bitcoin and also very nice. If I were given such a bouquet of flowers, I would be very happy. But if you get any extra bitcoin, then give it to me.
It's a good tip on what to do when you want to send gift someone with bitcoin. If I don't have much time to do all this time or you have forgotten to make it then it is best to send it right away and tell the him/her to check his/her address and then surprise btc received. Anyway, it's just for people who are mostly busy but I will recommend the tips on op.
Check the Filipino Translation of this thread through this link: https://bitcointalksearch.org/topic/m.54104603
I would add, with a paper wallet you can personalize your gift and DIY it. It's a matter of taste, and I know many people prefer offering a more "physical" gift but you can offer your paper wallet with(in) something else like a book for example...
That's what I usually do.
Simply place the Paper Wallet in a gift card, book etc.
Slowly it's time to change the design of the Paper Wallet to a more 'christmassy' version.
To do so, select 'Holiday / Christmas Bitcoin' in the 'Instructions' tab.
And there you have a Christmas present
I think it's Jaxx who's to blame if they don't use the term "sweep" instead of "import" and when the function is called "import" on Jaxx (even if they want to say sweep) we have to refer to the button "import" (like step 5 in the guide), so that users will find it.
However, the discussion is very much pointless from here on, because of that I recommend using Electrum where users can decide wether they sweep or import.
Yes you're right. BTW, good idea to add the vanity feature for creating the gift.However, the discussion is very much pointless from here on, because of that I recommend using Electrum where users can decide wether they sweep or import.
IMHO, Bitcoin collectibles are better option than Bitcoin paper wallets.
Well, you can't compare those two things, can you? Bitcoin paper wallets are used to store coins safely or the case like mentioned above to give it as a gift to other people (there are various more reasons).
A Bitcoin collectible isn't really meant to serve as a wallet.
There might be loadable coins (or similar) but you have to peel them if you send the money again and once you have peeled them, their worth is not only reduced including the amount of BTC that was stored on it but also reduced in value as a collectible. It's always sad to peel a loaded coin.
On the contrary, paper wallets can be easily created multiple times.
So, I won't compare Bitcoin collectibles and Bitcoin paper wallets. In Germany we would say "you compare apples with pears". (not pineapples)
IMHO, Bitcoin collectibles are better option than Bitcoin paper wallets.
Well, you can't compare those two things, can you? Bitcoin paper wallets are used to store coins safely or the case like mentioned above to give it as a gift to other people (there are various more reasons).
A Bitcoin collectible isn't really meant to serve as a wallet.
There might be loadable coins (or similar) but you have to peel them if you send the money again and once you have peeled them, their worth is not only reduced including the amount of BTC that was stored on it but also reduced in value as a collectible. It's always sad to peel a loaded coin.
On the contrary, paper wallets can be easily created multiple times.
So, I won't compare Bitcoin collectibles and Bitcoin paper wallets. In Germany we would say "you compare apples with pears". (not pineapples)
IMHO, Bitcoin collectibles are better option than Bitcoin paper wallets.
I like the idea very much, maybe someone will be inspired to do that for christmas later this year.
Personally, I would use Electrum for importing / sweeping, I've never used Jaxx so I can't really judge here but there are way better alternatives in my opinion.
And choose bitaddress, I like their design much more.
In addition, there's also an opportunity to create a customized vanity address where one can define the prefix and make it customized according to the receiver, like
1BobUKHNwb15kfcbWAaN8bSzdhy6QXzGfd
1AliceUKHNwb15kfcbWAaN8bSzdhy6QXzGfd
Vanitygen or VanitySearch are useful tools to create them:
Vanitygen
VanitySearch
VanitySearch is also offering SegWit Addresses (nested SegWit (starting with 3...))/ native SegWit (bech32, starting with bc1q)).
Could be a nice additional feature.
But you should read more carefully the comments yourself before "expressing criticism" on them, as you say
I was mainly talking about Jaxx and only incidentally about your topic, if I'm talking about that it's because I had bad experiences with some wallets where you can't understand if they'll sweep or just import the key before trying it, and it had been very confusing for me the first times I had to use these features because it was just not clear.
BTW there are still hoaxes saying paper wallets are some kind of special addresses that can only be swept...
I think it's Jaxx who's to blame if they don't use the term "sweep" instead of "import" and when the function is called "import" on Jaxx (even if they want to say sweep) we have to refer to the button "import" (like step 5 in the guide), so that users will find it.
However, the discussion is very much pointless from here on, because of that I recommend using Electrum where users can decide wether they sweep or import.
Unfortunately I'm not getting paid from Electrum for recommending it as my favorite wallet. (It's a very good wallet!)
Personally, I would use Electrum for importing / sweeping, I've never used Jaxx so I can't really judge here but there are way better alternatives in my opinion.
And choose bitaddress, I like their design much more.
In addition, there's also an opportunity to create a customized vanity address where one can define the prefix and make it customized according to the receiver, like
1BobUKHNwb15kfcbWAaN8bSzdhy6QXzGfd
1AliceUKHNwb15kfcbWAaN8bSzdhy6QXzGfd
Vanitygen or VanitySearch are useful tools to create them:
Vanitygen
VanitySearch
VanitySearch is also offering SegWit Addresses (nested SegWit (starting with 3...))/ native SegWit (bech32, starting with bc1q)).
Could be a nice additional feature.
I have absolutely no idea what part of the quote you're referring to.
Did you even read anything before you expressed your criticism?
LOL don't worry I won't quote the seven or eight times you've said "import" in this thread. I'm not here for that.Did you even read anything before you expressed your criticism?
But you should read more carefully the comments yourself before "expressing criticism" on them, as you say
I was mainly talking about Jaxx and only incidentally about your topic, if I'm talking about that it's because I had bad experiences with some wallets where you can't understand if they'll sweep or just import the key before trying it, and it had been very confusing for me the first times I had to use these features because it was just not clear.
BTW there are still hoaxes saying paper wallets are some kind of special addresses that can only be swept...
However, the discussion is very much pointless from here on, because of that I recommend using Electrum where users can decide wether they sweep or import.
As I was afraid that everyone would immediately give their personal wallet recommendation, I had noted the following in the tutorial:
Sorry (Of course there are also other applications available that allow you to import a paper wallet)
Unfortunately I'm not getting paid from Electrum for recommending it as my favorite wallet. (It's a very good wallet!)
This is not an import, it's a sweep of a wallet, with a transaction on the blockchain and fees paid. Jaxx (and you) should avoid using unsuitable terms. It confuses beginners and let them be scammed more easily.
Beginners should be taught the right terms for the right features since their very first steps IMO.
Beginners should be taught the right terms for the right features since their very first steps IMO.
I have absolutely no idea what part of the quote you're referring to.
Did you even read anything before you expressed your criticism?
Here the full amount of the paper wallet is sweeped automatically during import.
Some wallets only import the private key, so there is no transaction taking place and you would have access via both wallets.
Some wallets only import the private key, so there is no transaction taking place and you would have access via both wallets.
After sweeping the paper wallet with the respective wallet application (in my case Jaxx) it is empty anyway.
and even in the tutorial I noted:
Info: A transaction is executed here. The Paper Wallet is now empty! The Bitcoin are now exclusively in/accessed through the Jaxx Wallet!
So I can't really figure out where the problem is for you here.
But you should read more carefully the comments yourself before "expressing criticism" on them, as you say
I was mainly talking about Jaxx and only incidentally about your topic, if I'm talking about that it's because I had bad experiences with some wallets where you can't understand if they'll sweep or just import the key before trying it, and it had been very confusing for me the first times I had to use these features because it was just not clear.
BTW there are still hoaxes saying paper wallets are some kind of special addresses that can only be swept...
This is not an import, it's a sweep of a wallet, with a transaction on the blockchain and fees paid. Jaxx (and you) should avoid using unsuitable terms. It confuses beginners and let them be scammed more easily.
Beginners should be taught the right terms for the right features since their very first steps IMO.
Beginners should be taught the right terms for the right features since their very first steps IMO.
I have absolutely no idea what part of the quote you're referring to.
Did you even read anything before you expressed your criticism?
Here the full amount of the paper wallet is sweeped automatically during import.
Some wallets only import the private key, so there is no transaction taking place and you would have access via both wallets.
Some wallets only import the private key, so there is no transaction taking place and you would have access via both wallets.
After sweeping the paper wallet with the respective wallet application (in my case Jaxx) it is empty anyway.
and even in the tutorial I noted:
Info: A transaction is executed here. The Paper Wallet is now empty! The Bitcoin are now exclusively in/accessed through the Jaxx Wallet!
So I can't really figure out where the problem is for you here.
1. Since you're not using an air-gapped device to generate the paper wallet(hence the private keys could potentially be exposed), I suggest giving the paper wallet to the person as soon as possible after you've sent some BTC to the wallet. Or better yet, if you're going to give the BTC in person anyway, let them install the wallet on the spot then send over the funds. Letting them have their first transaction immediately is a good plus in my opinion.
That's exactly what I do and also wrote in the tutorial: "to give the recipient the possibility to get access to his/her Bitcoin on the spot."
I just was giving out some this weekend and the recipient was supposed to import the Paper Wallet right away. Besides, I explained everything.
2. Don't let them use Jaxx[1]. They have a bad reputation of ignoring vulnerabilities in the past. Let them use something bitcoin-only that has segwit support like Mycelium, as I think it's better for you to not overexpose them to other cryptocurrencies so early on as Bitcoin itself could be pretty difficult to grasp for other people in the first place.
Jaxx is perhaps a little more beginner friendly in handling.
Here the full amount of the paper wallet is sweeped automatically during import.
Some wallets only import the private key, so there is no transaction taking place and you would have access via both wallets.
I don't know how Mycelium actually handles it.
+1 Decent guide nonetheless.
thanks
bitcoinpaperwallet have a page on the security precautions you should be taking when generating a paper wallet here: https://bitcoinpaperwallet.com/#security. It would be worth linking to them somewhere in your guide. The most important ones that you have missed from your guide are to running the wallet generator on a permanently airgapped machine, or at the very least, with your internet connection turned off (although I would not recommend this), and using a dumb printer to print the wallet, since smart printers both store copies of what they have printed on internal memory and are more prone to being hacked.
The footnote of the security precautions you have linked explains my intentions here very nicely.
If the receiver uses an Android phone, I would recommend either the Bitcoin Wallet for Android, or Electrum Wallet for Android, both of which can be found on the Google Play Store.
As I was afraid that everyone would immediately give their personal wallet recommendation, I had noted the following in the tutorial:
(Of course there are also other applications available that allow you to import a paper wallet)
Beginners should be taught the right terms for the right features since their very first steps IMO.
1. Since you're not using an air-gapped device to generate the paper wallet(hence the private keys could potentially be exposed), I suggest giving the paper wallet to the person as soon as possible after you've sent some BTC to the wallet. Or better yet, if you're going to give the BTC in person anyway, let them install the wallet on the spot then send over the funds. Letting them have their first transaction immediately is a good plus in my opinion.
2. Don't let them use Jaxx[1]. They have a bad reputation of ignoring vulnerabilities in the past. Let them use something bitcoin-only that has segwit support like Mycelium, as I think it's better for you to not overexpose them to other cryptocurrencies so early on as Bitcoin itself could be pretty difficult to grasp for other people in the first place.
+1 Decent guide nonetheless.
[1] https://www.ccn.com/users-report-losing-400000-due-to-jaxx-wallet-vulnerability
2. Don't let them use Jaxx[1]. They have a bad reputation of ignoring vulnerabilities in the past. Let them use something bitcoin-only that has segwit support like Mycelium, as I think it's better for you to not overexpose them to other cryptocurrencies so early on as Bitcoin itself could be pretty difficult to grasp for other people in the first place.
+1 Decent guide nonetheless.
[1] https://www.ccn.com/users-report-losing-400000-due-to-jaxx-wallet-vulnerability
I agree.
I've never use Jaxx since they held my coins for days for no reasons whatsoever and the support was unavailable for tha entire duration. They eventually replied to me and cleared my funds but they are too unprofessional for anyone to suggest them as the first wallet of anybody.
I also saw this:
I don't know it this is safe, but it seems legit because I already this before using by anyone.
How it works?
Just enter the recipient's email address, you make some noyr about the gift, fund the bitcoin address they provided and they will e-mail some information on how to claim the gift from you.
They are partnered with blockchain.com and coinbase so it is like they are using third party bitcoin wallet provider to process the gift..
Read more: https://biterica.com/
I don't know it this is safe, but it seems legit because I already this before using by anyone.
How it works?
Just enter the recipient's email address, you make some noyr about the gift, fund the bitcoin address they provided and they will e-mail some information on how to claim the gift from you.
They are partnered with blockchain.com and coinbase so it is like they are using third party bitcoin wallet provider to process the gift..
Read more: https://biterica.com/
@aundroid while your intentions are good I have a question why would you choose to go through so many steps to give someone a gift, why not ask him to download Electrum wallet and send him his coins there?. This way he doesn’t need to carry the paper wallet around, and can spend his coins whenever and wherever he wishes too. In my initial days I too had used paper wallets, and as a newbie I didn’t like it at all hence I maybe biased towards using paper wallets.
Because it is supposed to be a gift and I want to hand over the Paper Wallet in a birthday card or something similar.
And in the future please do not quote a complete tutorial.
Great Topic thanks for that. You inspired me now to create some paper wallets as a gift for some of my friends.
Thanks for the positive feedback.
I have already gifted a few Paper Wallets myself and they have been warmly received.
On this occasion I always give a superficial crash course regarding Bitcoin, Blockchain & co.
Great Topic thanks for that. You inspired me now to create some paper wallets as a gift for some of my friends.
I wouldn't gift someone a pre-initialized hardware wallet with bitcoin already loaded on to it. Even if that other person fully trusts that I'm not still holding a copy of their seed, it's teaching them bad security practices. Better to gift them a hardware wallet, let them set it up themselves, and then send them some BTC.
I was actually thinking of gift hardware wallet and then send some BTC to that wallet, it really wouldn't make sense for me to own someone's seed. We saw what can happen when friends share the same wallet, such things should be completely avoided.
@aundroid while your intentions are good I have a question why would you choose to go through so many steps to give someone a gift, why not ask him to download Electrum wallet and send him his coins there?. This way he doesn’t need to carry the paper wallet around, and can spend his coins whenever and wherever he wishes too.
Maybe because in the case of cryptocurrency paper wallet is actually something we can give to someone as a physical gift, which from the aspect of giving gifts has its full meaning. Asking someone to download some program, and then you will send him something, can be a little tricky and complicated, and probably dangerous because of the possibility of downloading a fake wallet.
1. Since you're not using an air-gapped device to generate the paper wallet(hence the private keys could potentially be exposed), I suggest giving the paper wallet to the person as soon as possible after you've sent some BTC to the wallet. Or better yet, if you're going to give the BTC in person anyway, let them install the wallet on the spot then send over the funds. Letting them have their first transaction immediately is a good plus in my opinion.
That's exactly what I do and also wrote in the tutorial: "to give the recipient the possibility to get access to his/her Bitcoin on the spot."
I just was giving out some this weekend and the recipient was supposed to import the Paper Wallet right away. Besides, I explained everything.
2. Don't let them use Jaxx[1]. They have a bad reputation of ignoring vulnerabilities in the past. Let them use something bitcoin-only that has segwit support like Mycelium, as I think it's better for you to not overexpose them to other cryptocurrencies so early on as Bitcoin itself could be pretty difficult to grasp for other people in the first place.
Jaxx is perhaps a little more beginner friendly in handling.
Here the full amount of the paper wallet is sweeped automatically during import.
Some wallets only import the private key, so there is no transaction taking place and you would have access via both wallets.
I don't know how Mycelium actually handles it.
+1 Decent guide nonetheless.
thanks
bitcoinpaperwallet have a page on the security precautions you should be taking when generating a paper wallet here: https://bitcoinpaperwallet.com/#security. It would be worth linking to them somewhere in your guide. The most important ones that you have missed from your guide are to running the wallet generator on a permanently airgapped machine, or at the very least, with your internet connection turned off (although I would not recommend this), and using a dumb printer to print the wallet, since smart printers both store copies of what they have printed on internal memory and are more prone to being hacked.
The footnote of the security precautions you have linked explains my intentions here very nicely.
If the receiver uses an Android phone, I would recommend either the Bitcoin Wallet for Android, or Electrum Wallet for Android, both of which can be found on the Google Play Store.
As I was afraid that everyone would immediately give their personal wallet recommendation, I had noted the following in the tutorial:
(Of course there are also other applications available that allow you to import a paper wallet)
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