Post
Topic
Board Beginners & Help
Merits 14 from 10 users
Topic OP
[Howto] Give Bitcoin as a gift
by
aundroid
on 07/10/2019, 09:46:47 UTC
⭐ Merited by DdmrDdmr (2) ,Halab (2) ,Coolcryptovator (2) ,OgNasty (2) ,Lucius (1) ,DroomieChikito (1) ,bitcoworld (1) ,Pmalek (1) ,1miau (1) ,LoyceV (1)
Since I plan to give away some mBTC in the near future (birthdays etc.), I have now simply created a step-by-step tutorial on 'how to give away BTC'.

>> The Bitcoin should be given away as Paper Wallet (see pictures below) <<




And this is how the finished Paper Wallet looks like:


(don't bother, there are no btc on the wallet   Wink)




PART 1: Create offline (!) paper wallet and 'fill it' with BTC

I used the offline version of bitcoinpaperwallet for this tutorial: https://github.com/cantonbecker/bitcoinpaperwallet
As an alternative you can also use the offline version of bitaddress.org: https://github.com/pointbiz/bitaddress.org



1. click on Clone or download

2. Then click Download Zip

Now the downloaded zip file can be extracted.



3. Open START-HERE.html

Now the following window opens in the browser:



4. Click on Open generate-wallet.html

Important: You do NOT need an Internet connection!



5. Now move the mouse pointer for a while to ensure the randomness of the private key.



If you want you can now change
6. the design and
7. the language



8. and 10. can be used to print the front and back of the wallet.



9. In addition, you could encrypt the Paper Wallet with BIP38 - I do not(!) recommend this for this tutorial because many Bitcoin Wallet applications cannot import BIP38 password-protected private keys directly(!)


>> Now you can send the desired amount of BTC to the public address of the newly created paper wallet <<





PART 2: Import Paper Wallet

How does the presentee now get access to his/her Bitcoins?

In this tutorial I use Jaxx as an Android application to give the recipient the possibility to get access to his/her Bitcoin on the spot. (Of course there are also other applications available that allow you to import a paper wallet)




1. Install Jaxx



2. Create new wallet



3. Navigate to Settings



4. Navigate to Tools



5. Now you can select Paper Wallet import



6. Select the desired cryptocurrency, in our case Bitcoin



7. Now simply scan the QR- code of the private key and then we are already finished  Grin

Info: A transaction is executed here. The Paper Wallet is now empty! The Bitcoin are now exclusively in/accessed through the Jaxx Wallet!


!! Don't forget to create a backup of the Jaxx Wallet !!


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