Post
Topic
Board Development & Technical Discussion
Merits 2 from 1 user
Re: Gifting Bitcoin to a friend
by
o_e_l_e_o
on 16/10/2021, 15:18:18 UTC
⭐ Merited by pooya87 (2)
I have a friend who is purchasing his own home next month together with his wife. As a gift to them, I would like to give them some Bitcoin.
Hey it's me, your friend. Tongue



I would agree that education and letting them open their own wallet is the best solution. Since you want to give them something, send them a card with an IOU for 0.05 BTC or whatever along with an offer to sit down and spend an hour or two showing them how to open a wallet. This is superior to any option which involves you setting up an encrypted paper wallet or multi-sig or anything similar.

The next best option would probably be Opendime. With a hardware wallet like a Trezor or Ledger, the recipient still needs to be interested enough to sit down, work it all out, set it up, generate a wallet, send you an address, etc. If you think they might not be motivated to do that, then you can load up an Opendime with whatever you want and give it to them to keep safe until such a time that they want to spend it.