Topic: Parental Guild on Bitcoin (Read 452 times)

Those who are knowledgeable about cryptocurrencies may consider it a prudent choice to invest in Bitcoin for kids. In spite of its inherent hazards, Bitcoin has shown to be a worthwhile investment, according to the theory. Purchasing Bitcoin for kids is actually thought to be a wise and progressive decision. The idea is that early Bitcoin ownership gives kids plenty of time for their investment to appreciate in value. In the future, this might result in noteworthy accomplishments and financial gains.

Furthermore, the goal here is to combine education and investment in Bitcoin for kids, not just buy them some cash. Encouraging kids to learn about Bitcoin assures that they get knowledge and wealth at the same time. Parents may help their children handle and appreciate their Bitcoin investment in the future by imparting knowledge about the world of cryptocurrencies. This combined strategy of investing and teaching opens up possibilities for long-term gains in terms of money and knowledge, making it a comprehensive approach to safeguarding the future well-being of the younger generation.

It's imperative to teach your children how to protect their investment if you plan to purchase Bitcoin for them. Start by describing the fundamentals of Bitcoin, including how it operates, why it was developed, and why decentralized exchanges are crucial for security. Explain decentralization in layman's terms, emphasizing that it acts as their Bitcoin's superhero shield. Encourage your growing children to conduct independent inquiry and exploration so they can make well informed investing decisions.

There is no age restriction on Bitcoin users, thus anyone can use it. Still, there may be age restrictions if you choose to use centralized exchanges, which are essentially online marketplaces where you can buy and sell Bitcoin. This is a result of their need to confirm some details about you, such as your age, name and residence address, before proceeding.

I don't know why you guys got such an impression but legally exchanges have restrictions to access platforms where we usually buy bitcoin.

Well, a kid can understand those things better than a parent these days but they will take time to understand why they need bitcoin, why not just use the fiat money?

1. a good idea for your child's savings in the future, but to introduce BTC to children, I don't think it's until the age limit that they can trade for themselves on the exchange.

2.At this time, I haven't taught my children how to trade and introduce BTC wallets, so I don't have any suggestions, as I don't think they are worthy of understanding BTC further at this age.

I don't know about your place but i think where am from there is no age restriction for someone to actually have money, I mean don't you see it that way too? Because from what I have come to know that Bitcoin is, Bitcoin is actually a currency just like every other world currency but the only difference is that Bitcoin is actually a very cool currency and I would like to think that it's because of its advantage over other currency that's why it's painted bad. There are lots of young children who are actually rich in so many currency maybe due to the riches of their parents but also these parents go out and buy so many asset for these kids where same could be done for the kids too with Bitcoin as its a aslo a very good asset to have especially when their is possiblity for it to add interest in time coming.

Buy Bitcoin for kids? Interesting idea, but be careful. Introducing children to cryptocurrencies can educate them digital finance. It raises the question: Should children handle assets? Their understanding and market pressures must be considered.

Bitcoin security education is essential for youngsters. To simplify, compare the Bitcoin wallet to a digital piggy bank and emphasize the significance of protecting their "digital key" like a "hoyse key". It's about teaching responsibility without overpowering.

Should authorities limit Bitcoin ownership by age? A pseudo-issue. Such limits are difficult to enforce on Bitcoin due to its decentralization. However, oversight is necessary to protect young minds. Financial knowledge and safety are delicately balanced. Parental supervision may work better than regulation.

Answers

1st question = Buying bitcoin is always Good either for our kids or for ourselves but we must teach them first on how they should care and use of it in little way of understanding.

2nd question = Buy them Ledger and teach them how to use it , that is the simplest and the safest.

3rd  question = Nope, Authorities must not interfere to something they are not being asked simple as that.

afaik there is no age limit on buying bitcoin, all ages can buy it, but the concern is why do you force a child who still has minimal knowledge about cryptocurrency to buy bitcoin? let alone teaching them how to store it securely.

it's better for you as a parent to let them learn and enjoy their childhood than to force them into something that is boring and confusing for them. or you as a parent can buy bitcoin for your child and then when they are old enough to understand cryptocurrency then you give them full access to the wallet and manage their investments themselves.

 Buying bitcoin for kids is good for the future since we believe that bitcoin is a future investment. It’s a long-term investment, and you can see that accumulating some for them is a good idea. However, while we are buying bitcoin for them, we should not hand it over to them; they are still kids and lack knowledge of the investment. It is supposed to take time before we hand over the keys to them. In fact, until they know the value of bitcoin, you, as the father, teach them the key concepts of bitcoin, like how to secure the keys and other things that are needed.
 
Because handing it over to them at an early age may ruin their lives seriously, and they won’t value the funds; they will squander the money without your consent. So you will be the one in charge of the funds until they reach a certain age before you give them the keys to get access to bitcoin.


There are many things a kid is supposed to know before even starting to think about money, so I can’t teach my kid about bitcoin; it will be too early. I will allow them to go to school and know the value of money and how difficult it is to get it before I start teaching them about bitcoin, and that is if he or she is interested. However, cryptocurrency is not one of the things I will teach a kid at an early age; they should go to school. It will be better after he or she is an adult. I will get him involved in the cryptocurrency industry. Remember, business is not for small children.


Bitcoin is not a centralized currency that governments or any other agency will know about before someone invests in it. Bitcoin is a decentralized currency, and regardless of your age, you are free to get involved in it.

Yes, bitcoin is good for future investment. I have a son whom I am preparing to save bitcoin for him. I gave my son a Bitcoin address which he can track himself on Explorer. I save for him about 0.0002 each month. Now, it's been almost 2 years on my routine. But, he always asks when he can withdraw it because he wants to buy something toys, but I always say no for that. I always teach him to invest even if it's small, because we don't know in future, maybe bitcoin will be big and the price will be multiple higer that today. And, with that small save he can buy house or other property.

Parents who have a strong interest in Bitcoin or whose parents are involved in Bitcoin may invest in Bitcoin for their children's future. Those who invest in bitcoins are quite active and they must invest in bitcoins thinking about the future of the child. Many investors question how their children will have access to Bitcoin if they invest in Bitcoin with their children in mind for the future. Asking this kind of question means that the parents are definitely worried about the future of the child and they are definitely willing to invest in Bitcoin with the future of the child in mind. If a parent invests in Bitcoin for a child then the parent must tell the child about the investment at some point in life because if the child doesn't know about the investment then the parent's investment is wasted.

There is no restrictions on buying bitcoin for kids but it will be risky if you put all responsibilities of investment to them in early age because they will have no knowledge at start so they can ruin all invested amount in a second. One should think that businesses are not for kids but if someone wishes that their children never face any difficulty in future then they should buy bitcoin or another asset for them and then gradually teach them so when the become teenager then put all responsibilities on them. Totally dependent on bitcoin from an age of kid is not a good idea because they will not take any interest in job if they find bitcoin therefore just teach them but don't give bitcoin in their hands earlier.

It is good for their future that is what I am certain , but for their understanding and capacity to learn , I think there is a little concern for me and I believe for other parents as well.
Kids has a bright memory , they can use their mind as a Memory card to put what they wanted to understand so what we only need is to make them learn how to secure their own crypto and yes it will be safe .

Nope , let Decentralized market have their own rules as long as they are not violating laws(for human not for laws of greed government)

Yes, you are right, paying attention to children's development will indeed be better than thinking about what children can inherit, because if we think too much about what children can inherit then we are not educating our children to be able to develop themselves.
Choosing to invest will indeed help us financially, because it is very difficult for us if we don't have investments, so it is very important to be able to invest to be able to have a good financial condition in the future.

1. Buying Bitcoin or cryptocurrency for investment purposes is a good move for a kids future, because by the time they’ve grown, the value could be a lot and help them a lot.

2. Teach your kids the dos and donts. Because they can and will on do what they were taught.

3. If they want to put age restrictions, they should put it on fiat at once because the essence of Bitcoin is digital money that can be used equally as the normal fiat. So it’s money after all.

Yes, as long as it is in the control of an adult. By kids I want to believe you mean 0-18 years old. When they come of age, the the custody of the bitcoin like key phrase can be revealed or released to the kids

This is pretty straightforward. Just as I learned to secure my bitcoin. It is not rocket science.

Can't and won't happen. If they do it so it defeats the principle of decentralization - control in the hands of the people not any central agency

Furthermore, parents should first teach their kids financial literacy. Which includes, the history of money, savings, investments, budgeting, etc. When the kids get a good hold of this, then they can proceed to teach them about bitcoin

A parent doesn't need to teach a kid about Bitcoin or how the kid can secure their assets because these are things that are totally out of the understanding of a child and one shouldn't put these things in front of them and force them to understand because it will only confuse them and nothing else. If a parent buys Bitcoin for their children so that the children can access them in the future, they can secure them for the children and find a way to let the children know once they are old enough even if the parents aren't around anymore.

It's never a viable solution to have children understand everything when they are still too young even to learn about finances and money management because these things are only to be learned after a certain age, an age at which a person is mature enough to understand and process complex terminologies.

BTC is money just as regular fait is, and any parent that thinks it wise to introduce their kids early to its concept and ideology is doing very to secure the future of their kids. This is how poverty is fought because parents get to inculcate good financial habits that would be of immerse value to these kids when they start needing their own money to spend.
Besides the restrictions I know about in many countries of whom do not like the idea of BTC or try to discourage their citizens from investing in it, I am yet to hear or read stories of age restriction being placed on owning cryptocurrencies.

Parents only need to teach and be a good example to their kids so they have a better financial future, rather than spoon feed these kids until adulthood and then expect them to Carter for their every needs as well as sponsor whatever dreams they do hold dear.

Can you name children in the age categories that have been determined, 15 years and under are still children, because they are still in education, So my understanding is that if you are talking about children aged 10-15 years, perhaps Bitcoin is the best solution for you to introduce, while they understand how to operate a laptop/Android.

Just like you use it and keep it safe, only you are not with your child, but what you do shows him.

I don't think it's necessary, as I said in the first point, as long as they can afford it, what's the harm, Bitcoin can be used by everyone.

I hope you understand what I said above.

Assuming a kid with money then the only possible way is to buy via a platform and every platform requires KYC where you need to deposit the fiat money from a bank account exchanges clearly say only 18 years or above are allowed to use their service all sums they can't buy it but if they got bitcoin in other way means then its their money and they can use it as their wish just like their fiat money.

Nowadays, times are increasingly advanced and assets of wealth are now not just seen from companies, gold or land, but now in the digital era, Bitcoin can also be called a very valuable asset, because the price of Bitcoin is high and has the potential to continue to rise in price in the future.

So, as a parent, of course can buy BTC for children, but in my opinion, if the child is not yet an adult, the Bitcoin must be held by his parents, because most exchanges require KYC identity and of course they are adults, such as 18 years old.

So in my opinion there is no harm in buying BTC for children as long as the assets are held by their parents because usually children will be busy playing so I think in this case the role of parents is really needed. In my opinion, young children investing in BTC is very good because their future is still long, so by investing in BTC, of ​​course they will have the potential to get big profits in the future. Applying an age limit on people who will invest in BTC, of ​​course the ones who deserve to answer this question are government officials because only the government knows what's best for that.