Topic: I gave 100$ of Bitcoin to my elder brother as a gift (Read 704 times)

Now it is the younger is giving gift for the elder? is this what bitcoin really gives as opportunity to the users?

Nice generosity mate I love seeing siblings helping each others and since your brother has a dream , now he will also dream for crypto specially bitcoin.

Yups specially brothers and sisters , His action will surely brings him good return when his brother finished study and become a successful person.

You are doing great work brother. A very popular proverb is "Helping a person is equal to servicing the god". So, must help others.
You helped you elder brother in their studies expenses. God will give you its reward. I hope your little effort will give you good reward. Bitcoin APY is very low. But bitcoin is the king of currency. If you get your staking reward in btc then its very good. But you have to invest good investment. So, you get a passive income. Because Bitcoin APY is very low. But best thing is that your bitcoin is increasing.

They are extremely grateful for this, I am confident of it, because they have already made a profit. Given the fact that I personally prefer to hold onto a physical gift rather than spend it because it serves as a remembrance, which is a good choice for holding onto over the course of the year or money, this is a better alternative to gifting a physical gift. That small fortune is a fantastic start, and it has the potential to persuade others to invest in bitcoin. I'm going to give this type of gift to one of my friends for their wedding and see how they react.

Nice idea! For a few years now, I have regularly given friends and relatives a coldwallet for birthdays or holidays, if I know they are interested in crypto. For some of them, the immense increases in value of cryptocurrencies over the last few years have meant that they have built up a really good small fortune.

Definitely it is a good job and it will help a lot in future. In this case, op should teach his elder brother if his elder brother do not know about the benefits of bitcoin. Interest about bitcoin can increase the amount of bitcoin by investing later.

I was also inspired by this story and want to gift bitcoin to my sister. 

I am a younger brother who recieved gift of bitcoin from my elder brother.. i am thankful to him, and i feel this is one of the best thing which happened to me this year and i am sure i will reap benifits in future..
Thanks bro..

Well, not everyone can be like that. even i was also impressed by it. however, because of this, many people are inspired to give gifts to their relatives. even when giving $100 bitcoins, it's pretty much worth it. even more so, when the price of bitcoin has reached a high price in the future. it would make his brother very happy. well, i just hope he can hold the coin for a very long time.

I liked the idea you didn't only gave him 100$ worth of bitcoin, but also taught him to invest this amount to generate some extra income through interest along the time. When buying small amounts of bitcoin it's interesting to invest the satoshis to maximize the earnings, especially because we don't know how long bear markets can last, so at least you can generate some extra profit while bitcoin doesn't recover its price, which can be withdrawn or used as money for payments in general. Just make sure to let the bitcoins invested in a legit platform.

You are right in that statement, although sometimes it can be seen in the most positive way, suppose that the brother has no idea what BTC technology is like or how to use it, he is simply going to have it there without giving any type of use, then over time and possibly over the years that the BTC is around $200k those 100USD will not represent that, but more, so you can get it out of the way in a moment, and it is remarkable that when a person needs money they learn to use BTC or anything that represents money, because that is what causes the need.

There is a Chinese proverb, Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime.
OP has done a great job, by giving his elder brother 100$ he surely has taught him a way to catch fish. This will definitely help his brother to grow his wealth and meet expenses. If we will all continue such practise around us then surely we can grow crypto community to enormous level.

What a nice gift for someone to gave his elder brother bitcoin gift to assist him in education level. I know your elder brother will never forget this bitcoin gift because that gift will go along way to sustain him through out the program in school. With this bitcoin gift, it will really make him to be more serious in all school activities to appreciate you for the gift he got from you. He will also introduce bitcoin to his course Matt in school to know how important decentralized currency is to humanity.

Don't forget to teach him about bitcoin and how someone can use it to become a rich man in the community. Don't forget to direct him to always ready rules and regulations that guide bitcoin days and nights not to lose any profits that will discourage him from using bitcoin.

Your brotherhood is amazing, I'm amazed by your brotherhood...

in this world great brotherhood is very rare to find, you give bitcoin gifts as a form of love is a beautiful thing that is very rarely encountered, of course the 100 dollars you give as gifts will increase many times in the next few years.

Wow, that's really cool man.
I also did the same for my little sister who had just entered in high school. I introduced my sister to crypto and trading on Binance. Now he can make a profit from trading and she uses that profit to buy something she wants.
Indeed I purposely introduced Bitcoin to my sister through Binance and guided her to trade, because I can only give Bitcoins in small amount. With the hope that my sister can multiply the Bitcoin that I gave and it will be useful for she later.
After 1 month my father who used to be indifferent began to ask little by little about Bitcoin and crypto mining.

Coolest gift ever but I think OP didn't do it in the right way.

You don't have to tell him what to do, just telling him that he should study first about Bitcoin is important before he spend it to something. Your brother should find his own way that will suit him to grow his Bitcoin, not you telling him certain ways to do it that might not fit his type when it comes to making profits. Staking is good, but stock trading is much better in my opinion.

The good intentions of the OP in my opinion are very appropriate, maybe for some people the estimate of $100 is not a big value, but not for some people who are really struggling in terms of the economy, the OP gave bitcoins worth $100 maybe as a way to introduce crypto or bitcoin investments to his brother, but I agree with what you said, because in addition to giving bitcoin of course the OP must also be able to provide education about trading and investing in his brother, so that it is possible for the OP brother to grow his initial capital of $100 to even more.

in bitcoin assets $ 100 is an asset that is still very minimal, but it is quite good if used as a gift to your older brother and this is the first bitcoin received if your brother is still new to bitcoin. don't just give a gift in the form of bitcoin assets, but also provide knowledge about bitcoin, cryptocurrencies and the technology in it, so they can understand what to do with the gift.

I think that's just too much if someone think having a Bitcoin is a competition to them. It should be as a gift and not as something that they don't or you don't like. And also, why someone needs to be greedy especially when it comes to their siblings? I think that's unnecessary since what are family are for?

I think if the family member doesn't understand how Bitcoin works then you should ask them if they want fiat or crypto. I know it's an innovation if you give BTC to your brother or sister but the fact that they don't understand how to use it is pointless or even useless to them.

Not all would really be having that kind of mindset on which majority of people would really be that greedy and wont tell anything because they dont like to have competition and this is
what im also seeing too even upto now.Sounds greedy? People could really be on different types thats why they dont really tend to share up on what they are
engaging as of now but for others who are really that willing to do so is really a good step to have.

Right it must be done as soon as possible because we don't know if how long we are staying in this world. As long as we are still here, let's continue to find ways of how we can use our BTC to the fullest. If your brothers financial status is not really that healthy, chances are your mother, father and your other siblings have the same status when it comes to their finance.

You should help them next or better if you prioritize your parents because they have done sacrifices when your still a baby and now that they are older, it is time for you to return the favour. Time have changed because before we are using money as a medium to this but its time to level up things.

Yup! That’s quite good, how you have introduced him to Bitcoin and also gave him a free gift of $100 to start up with. At least as time goes on he would be able to use that money and invest in other ways that he can and increase the value of the amount. And also from holding that amount in his wallet he would be able to gain as the market increases in value.

All of us are really hoping for that day when the market will reach another new all time high price, and that would be during the next halving which would be coming soon. So, it would be good for him to keep on holding and do it for a long term to be able to benefit from the market.

making Bitcoin a bond of brotherhood and inheritance must be done immediately by anyone, especially those who are in the crypto world, don't be stingy to share bitcoins with relatives, especially when your brother has a difficult economy.

I already taught them how to use bitcoin and sell their bitcoin. But I do not suggest they trade their bitcoin to make more bitcoin if they do not learn anything. But if they are still trying to trade without any knowledge or skills, I will not be responsible for their losses because I have already warned them and that will be their decision. Until now, they told me that they still keep that amount and seem, does not care much about how many bitcoin they had. So that is good because when bitcoin price can increase more than $100,000, maybe I will suggest them to sell it

I think you opened a bitcoin deposit wallet account for your brother. Thus, giving bitcoin to people that know little or nothing about bitcoin is a strategy that will bother the recipient. His brother, will think about the strange currency my sibling just gave me as a Gift and advised me not to sell the coin. Such question will make the brother to visit exchanges, ask questions about bitcoin, and scout around the internet knowing about bitcoin. Gradually, people will start to see the impact of gifting bitcoin, to the cryptocurrency market. Bitcoin needs this kind of publicity.

I would say it is in fact a smart decision to gift your loved ones bitcoin. As now he is aware of the basics, he can use it to earn more profits. You have clearly shown him a good path for his future endeavours.

You do have a point here, before anyone is given Bitcoin they should first of all be educated on everything that they are meant to know about this coin. And when they have gotten full knowledge of what Bitcoin is all about and how it works, then we can give them the coin for them to start investing. But anyways, I don’t think what the op has done is quite bad, by giving his brother the free Bitcoin before teaching him about it.

It would be very important that he Let his brother know that he shouldn’t sell the coin at this point, because if he should go ahead and sell it then it's going to be a loss for him. It’s best for him to HODL till the right time.

Better to make an introduction to him such as the things he needs to know and what are the things must need to consider because according to OP he's in field of Health and of course, some of them might not have time to read about the crypto world it consumes their time than make a study so better if you both have a time make him an insight what are the dos and don't also the things he needs to make sure the bitcoin will not waste and can be use to grow more.

Would still depend whether your brother would really be curious on what you had given to him and would make out some his own personal research and would learn up things eventually without the need of

further actions to be made but it isn't really that bad to make out some basic introductions on what you had given into him so that he would at least be careful on keeping those coins safely
and wont tend to waste it off or wouldn't really be caring or mind off seriously and on this way then it would really be beneficial for him and you would appreciate that
your brother shows up some interest.

I'm happy because you spent $100 for your brother's bitcoin introduction. I've read some people saying you haven't been fair to your brother but you've introduced him to bitcoin you deserve credit. He'll learn about wallets. He'll undertake possession of private keys when he's ready.

He's your brother you know the best route for introducing him to Bitcoin so ignore what people are saying you're doing fine. Just tell him he shouldn't use exchanges for storing I'd tell him to use Electrum.

Instead of reminding them which means they don't really know anything about Bitcoin, why don't we teach them about it before gifting them some Bitcoin? that way, they already know and understand it and they will value it and know what to do with it instead of asking what to do with it. A good gesture altogether.

I agree with this because the exchange will close in a few years, so just to be safe, create a custodial wallet or a hard wallet if you have the financial means to do so. That $100 is a significant sum of money and a good start for your brother, whether he or she recognizes it or not, because it may well save his or her future as a result of it. I believe this is a fantastic idea for saving money as well, and I believe I would send this type of money or use bitcoin to do so because it has the potential to accumulate over time and the price will rise, making it a good investment.

So the 50$ you gave to your brother in bitcoin, he spend them online for some games ? Didn't you tell him that he should not spend those coins and if possible, accumulate more by converting his savings into bitcoin ?

Also i am happy for the OP as he gifted his brother some bitcoins and it seems that this trend is now beginning to grow as people become aware of the potential of bitcoins.

Now I understand the thing "Not your keys, not your coins.". I should apply it in our use cases. However, he is busy all-time with his work, so in the future, I'll tell him about the detail of the industry and will also talk about the term, how it works.

SIP is investing plan (Systematic Investment Plan)
Basically, Any investors invest in a particular market in a systematic way, for example You're planning to invest in BTC for the long term, then you can follow the SIP strategy, you put 10/20/30$ every week/month/quarterly. (as you wish). You can also use compounding your capital in every periodic cycle.  There are many benefits of SIP strategy like

• Power of compounding
• Low initial investment
• Dollar cost averaging
• Convenience

If anyone believes in long-term investment, then the SIP investment plan could make anyone wealthy. You can find many examples on the internet, who started early or lately but in the long run, they become rich. Some example will make it easy for you;
There are several types of SIPs like
Top-Up SIP: Any investor can increase or decrease the SIP amount periodically (for example, you could increase your existent SIP of 10$ per week by $5 after every 3/4 months; this means, after those 3/4 months, your weekly SIP will become $15.
Flexible SIP: You can change the investment amount as your cash flow.
Trigger SIP: These types of plans enable you to switch from one scheme to another if the market becomes volatile.

I already gave 0.005 btc to my cousins a few years ago but I do not know what they do with their bitcoin. I already told them that their bitcoin value now is increased and they asked me what they could do with that. I tell them to hold and sell when the price reaches $100,000 or more. Giving bitcoin as a gift is not be a problem as they can forget it and not remember when they store their bitcoin. That is why we need to remind them to learn more about bitcoin to use it for themselves and give benefits to them.

Yes right, after giving a gift to someone who is not very cryptocurrency savvy in the form of bitcoin, I think it would be better if we teach that person or guide him so that he can store bitcoins in a more secure way and knows how to store the private key of the wallet used it properly so that he doesn't lose access when he wants to sell bitcoins later.

It's admirable of you to grant him this gift. However, with that gift comes the responsibility of educating the recipient. I see you mentioned teaching him some basics, but maybe a better option is to point him in the direction of numerous articles, books, and videos made on the topic of crypto, and teach him that investing in crypto is no about taking someone else's advice, but rather doing your own deep dive on the topic. I am sure he wouldn't have any problems with that as he's probably accustomed to learning since he's chasing a Ph.D. He doesn't have to go full potato on crypto and start day trading, but when investing any amount of money into it, a person needs to know as much as possible about the intricacies of what he is investing into.

The OP should tell his brother to back up the wallet so it can be used in the future if his brother is willing to hold bitcoins long term. This means that the wallet used to store bitcoins must remain secure in the long term. Exchange wallet is not a secure long term storage wallet, never recommended for any holder regardless of how many bitcoins you have.

I don't think $100 in bitcoin today will be worth $10K in the next 5 to 15 years, so this should be a great gift in an attempt to introduce its brother bitcoin. If the OP hopes that $100 in bitcoin today can cover his brother's son's future school fees, then that's too big a hope to achieve although we never know how much bitcoin will cost in the future. I didn't think it would come true, but that's okay because it was a gift.

Waw you have really tried for your brother, he might not know the usefulness of what you have done for him now but I believe definitely he will appreciate you later in the future, but you also made a mistake which I will advise you to correct exchange wallet address is not the best place to keep coins, the best thing you should do now is just to create a non custodial wallet for him then transfer the bitcoin to the wallet and make sure he sure his private key.

What a good deed from you mate and as your brother is a Student and has a potential to receive recommendation in the future , and so as Bitcoin being part of his generation surely you brings good thing to his life and also a Help for the whole world.

you gave me opportunity to do the same deed for my youngest brother that is not in His college life.

He may not interested in crypto today but with gifting like you did? surely he will pay attention sooner.

I said nothing about doing wrong when giving a gift mate , if you try reading my post you can see that what  i wanna clarify is His brothers wallet that he is the one who created , why not let His brother has own wallet so he can save the key and all the details in recovering the wallet.
we cannot promise everything specially in our life that things change here and there.
so this will be an assuring if He has his own wallet and keep if safe for future.

You have taken a good step towards btc adoption and your brother will be very happy in the near future for your gift.At this time these $100 might not matter for him but in the long run they will matter much to him because the stacks are also going to high rates and he will benefit from the same.

But as other have suggested use some safe ways to secure your funds like in hardware wallets as exchange are prone to hacks of which the recent example is Binance CZ warning people about phissing scam so avoid these exchanges and be safe from them.

Instead of a centralized exchange account, you should have created a persnal wallet and explained to him how important private key is. and he needs to keep it safe.
exchanges are not safe for long-term holding as almost every exchange has been hacked in the past, even the binance.



tell him if there is written Gold on the wall it does not mean that it is Gold, right?. similarly if there is any token that starts with the name bitcoin and ends something else that is not bitcoin.
example: Bitcoin Cash

I also gave my brother some bitcoin when it was his birthday a few years ago. I did it differently though, because I funded a Paper Wallet and I laminated it and then I gave it with some other gifts to him. I asked him a few weeks ago, if he still had those bitcoins.. but he said he sold it all ..when the price went over $60 000. 

The danger with your method is the fact that you used an Exchange and we know some governments are going to target Exchanges soon. (Listen to rumors going around in the US and how that will influence other countries to do the same) 

It is not a bad idea . Everyone definitely gift anything to anyone but if the gift is Bitcoin then it is definitely party cool . But he/she must teach BTC receiver . How to save Bitcoin and about Bitcoin future. then he/she will interested for Bitcoin and he will hold her gift for long time long years.

This is what I am saying that other people can get inspired of what the others are doing and what you did here is a proof to that , let us hope that this post of yours will again inspire others and the process continues. What I only worry with you is why you prefer exchange more than the wallet? Better, if you store this bitcoins in a wallet where he can hold his own private keys because his purpose is to hodl his btc's for a long time.

We never know what can happen in an exchange no matter how trusted they are there is still a chance that they can get hacked or they themselves will turn into bad and do shady things. I am not being paranoid here but I am just saying the possibilities based on my own experience.

You did a very good job by giving him bitcoin as a gift because no matter the price of bitcoin and no matter how much bitcoins you gave him but still he can have a good chance to start getting familiar with bitcoin and this be life-changing for him to know a good asset for investing so maybe if he starts investing here and got anything form it he would be thankful to you. but on the other side of the story, you could introduce bitcoin as you should do because should give him more information and help him to open his own wallet because holding and investing bitcoin in any kind of exchange cannot be good for him.

No, it's not fine for various reasons. First of all, as I said having access to the fund directly is an issue if you are using an exchange. Besides, you are leaking your information to the exchange which is considered very risky as we are from Bangladesh and you know cryptocurrency isn't legal here. That guy don't know how it works while OP has helped him to public his identity.

First you had to teach him what a bitcoin is. Then you would give him coins etc. as a gift. If you gave your brother a gift of coins without teaching him, he might lose them. If your brother knows about it, he will make good use of your coins.
These coins can help your brother a lot in the future. This is a good step. You did a great job of supporting your brother.

Take it easy, there is nothing wrong with giving a gift. Anyone can gift that to anyone.

Since his elder brother is studying for M.S.C degree, he is quite mature. After receiving the gift, he may be interested to know more about Bitcoin and transfer the coins from the exchange account to the software wallet.

He wouldn't be interested in Bitcoin if he didn't get any gift. After receiving the gift, now he will be interested to know about it. And since OP has now realized that the value of private key is a lot, maybe he will explain things to his brother himself.

Of course I would like to thank OP for giving such a gift.

It's like spreading bitcoin if used to send bitcoin as a gift. And of course if you give them a simple suggestion how they can get benefits from it, for sure they will become interested to make it bigger as well by holding.. It's like you're giving them a chance to have bitcoin for their future.. So its a good idea in my personal opinion especially those who have big dream with such easy way..

It’s a great start for you though, at least for your brother’s awareness about Bitcoin. This reminds me of gifting my sister $100 worth of Ethereum, and also educating her about the basics like storing the seed phrases, private keys, gas fees, etc.

I’ve also donated $20 to someone lately, but he doesn’t know about Metamask and Trust Wallet yet so I just give him the resources and ideas about the basics too.

Although that is awesome to know that, he needs to tell his brother how to keep it private and not say the amount to his brother's friends. If his brother can tell the story that @OP gives him bitcoin, that can make other people curious and maybe they will come to @OP to ask a few more questions. @OP needs to guide him if his brother wants to know more about bitcoin because I assume @OP has much knowledge about bitcoin to share with his brother and how to prevent scams.

actually while reading the title that same thread comes my mind and i thought this is a generic post from that one lol.


What confuses me here is Your brother is a a college student meaning he has a capacity to learn crypto and make His own wallet, then why on earth you need to create for Him? you should have let him learn about crypto first before giving him this fund , because in some cases if you both has disagreement in future ? you can just simply take back that Bitcoin from him because you are the one who created the wallet in which this action makes no sense at all, let him have His fund and not that you are the one who will handle it.

That's awesome, it's not a lot of bitcoin but I think that itt enough to introduce that person towards the beauty of cryptocurrency and not just that, I am pretty sure that OP's brother would talk about it with his friends because it's a new experience for him and he wants to talk about it, making him spread the idea and the beauty of cryptocurrency sith his peers.

The advantage of such gifts is that they introduce people to technology unfamiliar to them and expand the crypto user base.

This is a great idea not only to present 100$ btc, for example in a paperwallet or a giftcard, but also to teach the basics: where and how to store, how to use, and so on. Also, you can give a link to this forum so that your friends or relatives who received such a gift could delve deeper into cryptocurrency topic and get more information. We don't know, perhaps some of them will make a significant contribution to the development of crypto community or bitcoin. But if we proceed from the theory of probability, then each new person on bitcointalk increases the likelihood of this.

This is really big and the thread that shared an users experience making change in another person's life is really interesting. Maybe if the forum isn't there, OP might've never gifted his brother with bitcoin. I prefer these people add up little more on the monthly basis, so that the value could turn a big number than mere $100. Small changes people do with bitcoin gifting seems to change the life plan someday and helps with real-time adoption which is the best out of the incident.

Maybe, what he meant by staking here is like the flexible savings or fixed savings in binance. He maybe wrong how he introduced bitcoin to his brother, but it is not yet late to change that. Hopefully, the OP will read the suggestions of the users here. He can start with electrum wallet because it doesn't need much space but make sure he is downloading from the official site. If he wants to earn interest from that bitcoin, better put it in a trustworthy site.

It's great that you were able to buy him a gift that he can appreciate in the coming months, though it would be even better if you gave the gift on his own wallet with his own private key. That way, he'll realize that he's in control of his funds, and not some exchange that could potentially bar him from accessing his account due to their change of terms. It's a good first step, but it can be better—though at the least your brother would try  and see whether he can take out his coins out of the exchange, and it will be a trip from there.

Wrong introduction indeed because security do really matter and it should really be taught on the first place so that someone wont really be losing off their path in talks of security but in overall aspect

then it is good that someone had able to know crypto despite of those lapses or totally missing out those chance.Introducing to someone could really be on this way but there are still some other ways

too but having this move is just a typical one or simply could be done by someone who is really willing to spread out awareness.

Giving valuable gifts to other people will certainly make us quite happy, especially if they are able to change their lives to be more successful with the gift capital that we give, of course we will also be very proud to see their success later. I applaud what your brother did, only with $50 in capital he dared to try to develop a business of buying and selling goods, I don't know if his business is currently growing or not, but the way he takes advantage of the gift  from you make me amazes and believes that he has a business spirit , as the saying goes, don't give someone fish but give him a fishing rod so he can be independent....! 

This reminds me when i tried to introduce my brother to bitcoin two years ago. I thought him how to set up a wallet (Electrum) and sent him 50 $. Few months later he started a selling service in facebook of gaming stuff (skins and arms) ; the first stuff he bought them from somewhere in the internet, he used that 50$.

Great gesture, but always remember to educate your brother about bitcoin as that's the only way he will appreciate the gifts that he had now. $100 maybe a small amount now, but as the adoption gets bigger, that would result to bigger demand and that $100 value now might grow significantly in the future.

At least, being educated about crypto would help us to make the right decision, and with that, we will be confident in holding our bitcoin even in long term.

It's best to keep it simple, at least for a start. Throwing in many options for wallet use can confuse a noob and mess the whole thing up. Let the receiver build the interest first, and then he can ask for options when he grasp it. A multi wallet (crypto) like Trust wallet should even be okay for starters.

In fact, those are the main thing and should come as a top priority. Every other thing to this is secondary as far as fund security is concerned in the crypto space.

Bitcoin gifts are the best way to popularize it, which is why in El Salvador every citizen was given coins by the government. To take profit you have to learn how to use it first and be able to successfully send a transaction. Also, if you get it for free it makes you less nervous about holding in bear market, and we all know how hard it can be when you see your portfolio lose 30% of its fiat value.
I'd love to see more Bitcoin treasure hunts take place because it's even better than simply giving it to people and probably the best way to introduce kids to crypto. Make a person put some effort into getting it and they'll value it even more.  

Sorry, but I have to break it for you, and say that you didn't actually give any bitcoin to your brother, you gave $100 Bitcoin to centralized exchange who now owns this Bitcoin.
To make things even worse you said your brother to ''stake'' bitcoin, and something like this does not exist in Bitcoin, maybe some small interest can be earned, but it's similar like having money in bank... you own nothing, and they can close his account at any time.
Better explain importance of Bitcoin to you brother, and tell him to withdraw coins to his own wallet (Electrum or Wasabi wallets are free) and teach him importance of private keys, and how to backup his seed phrase.

Bitcoin isn't PoS. That's why if you think that it is staking that you've put his bitcoin, that's just another interest account from that exchange or platform that you've deposited.

But, what you're doing is the right thing so that your brother would someday see the worth of the amount you've sent.

It's better if you'll get him a wallet rather than deposit it to an exchange or platform while he has no intention of selling it.

Unfortunately, you're wrong with this assumption... Imagine giving BTCitcoin to a tech-illiterate person ^{[it doesn't make sense]}!

If you're referring to 2FA, then depending on its type ^{[e.g. SMS or email-based 2FAs]} and how you actually use it ^{[e.g. on the same device]}, it just gives you a false sense of security!

In regards to safety concerns, it heavily depends on how you use wallets like Electrum, and FYI, Binance isn't that safe: Hackers steal over $40 million worth of bitcoin from one of the world’s largest cryptocurrency exchanges

Look, I don't know how much money does the PhD cost or how old is your brother, and I neither want to seem pessimistic, but I find it highly unlikely that the equivalent of $100 in BTC are going to help much, even in the long term. Those days when you could have a +10000% within 4 years are long gone. Nevertheless, they'll definitely help.

Also, don't keep them in an exchange as there's no point. You don't teach him anything, you're actually give him the impression he owns something while he doesn't. Setup an open source wallet, withdraw them there. Read the replies above.

While this is a good argument that "Something is better than nothing", yet, in case of Bitcoin, if you aren't teaching someone to actually try out a wallet software on a secure computer and see their money on a piece of open source software like Electrum, then you are failing to give them a chance to have the "feel" of what BYOB is.

The BYOB thing has been a meme and a lot of people don't find it very appealing these days, yet, the idea of a few words on a piece of paper having the power to store your money privately and securely is what makes Bitcoin so powerful. Its the idea of freedom from centralized services or a need to fill up 5 forms and paste 4 pictures of yourself signed and attested with your identity documents.

So, kudos for the gesture OP but please do the right thing and get them to use a wallet software like Electrum. Let them watch the "synchronization", check the peer list, explore the "sign" functionality and understand that its not just money on an exchange somewhere.

amazing thing you teach you to bitcoin with your brother, I also hope one of my family comes to me want to learn about bitcoin, sorry I think the way you introduce bitcoin is wrong in making a wallet, you should be able to teach him to have a wallet like the simplest Trust wallet not exchanged, as an initial stage of introduction after he understands ,you will teach to exchange, teaching bitcoin to adults takes a long process for the steps to be passed

When bitcoin price was Only $400-500$ then if you give him i think he would be happy now and surprised also.2013-2014 Bitcoin price was around $400-600$ but now $43k+ and it touched $65k+ 2021.if he hold it and sell now then we will get good amount total now and i think he will happy from it.

If only my older brother would give me bitcoin in 2009-2010 - I would be the happiest now! In general, it's very nice - I did this for my son when he was born 3 years ago, although I bought not bitcoin but etherium and not for $100 but for $500. Now they are worth much more. I confess I had a few moments when I wanted to sell them at a "good" rate, but then I caught myself in time and remembered that they were "not mine." Let the guy grow up and decide what to do with them. Who knows - maybe he will already be a millionaire by then?

You can't teach everything in one go, indeed, but best is to start right. Else one will start with a wrong impression and make (more) mistakes. I advised for a safer option: paper wallet or seed. Best option for holding.
In time he can learn then about exchanges and the whole ecosystem. On the other hand, if something goes wrong with the funds at exchange, his brother will become disappointed and may turn his back to bitcoin.

About Electrum vs Binance, you are also wrong. Binance is safer than Electrum? Tell that to all the Nigerians with the funds frozen by Binance. The "not your keys, not your coins" rule applies there too. And it hurts.
(Also, you can find out and read to how to use Electrum as a cold storage, meaning completely safe, if you do it right).

You can teach him to have a wallet such as Trust wallet, Electrum, Mycelium, Exodus, or even buy him a Ledger Nano S, which is less than $100, so you can teach him to save his bitcoin at that wallet. I am sure that it will be safe for him to keep his bitcoin while finishing his study and not think about crypto.

You can teach him to install a wallet on his devices, such as an android mobile phone, and protect the phone and the wallet, which will be safe. I hope you tell him about the risk of storing his bitcoin at the exchange and give him the second options to save it in the other wallet.

A good thing because that means you have introduced Bitcoin to the closest people and hopefully it can help financially and also help them understand the world of Bitcoin. Everyone certainly has hopes of Bitcoin soaring up in the future, therefore many people invest in Bitcoin because the prospects are good. it is undeniable that if the capital you provide is managed properly by your brother then it will be profitable. but here it needs to be underlined that to start saving or investing in Bitcoin we must be really patient and careful and also provide an understanding of the benefits and risks that can be obtained so that in the future we can manage it carefully.

While you've done a nice gesture, I'm afraid that you've done it wrong.

I mean that the coins at an exchange aren't really his ("not your keys, not your coins") and the exchange can - for whatever reasons - seize them, get bankrupt, get hacked, have errors and so on.
While for 100$ it doesn't matter that much, your brother may get the wrong impression about the things and may lose money.

And of course, staking and so on, are not Bitcoin features, they're 3rt party stuff, and some DeFi platforms did go wrong (got hacked)...


All in all, it would have been (at least for me) a much better news if you would have helped your brother generate offline a paper wallet (or HD seed) and were keeping the coins there, waiting their fiat value grow naturally.

You actually introduced bitcoin to him in a wrong way. You possibly know that "Not your keys, not your coins." So, you would better ask him to start with at least an Electrum wallet which give him the full control of his bitcoin. Having account with an exchange is okay but holding your coin there is a shit idea as your brother don't own the private keys of the fund (I mean address).

While browsing the forum, suddenly I found a threadI understand that Bitcoin would be a great gift for anyone. I saw many peoples send gifts in form of crypto. The OP of that thread takes it to another level. It reminds us that one day Bitcoin will go to the moon. Who knows, this 100$ worth of Bitcoin will bear baby's education expanse in the future.
From getting inspiration, I also gave a gift worth 100$ in form of Bitcoin to my brother on his birthday. He is now doing his M.S.C degree in Public Health. He has always had a passion to get a Ph.D. degree. I hope this small gift will help him to reach his goal.
He doesn't have any wallet or exchange account, so I opened an exchange account for him and set up all the settings. I teach him some basic things in the crypto industry (those will help him to secure the account). I also suggest him to put his Bitcoins in staking, which will give him some APY return in long-term investment. The staking method will help him to grow his Bitcoin. I also suggest him follow the SIP strategy, if he finds any interest in the crypto industry then SIP could be a better option for long-term investment.