Post
Topic
Board Beginners & Help
Re: [Howto] Give Bitcoin as a gift
by
Lucius
on 08/10/2019, 09:23:59 UTC
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.