I have recently started investing in crypto, and I have now decided to create crypto savings accounts for my children. Is it possible to create accounts/wallets in their name, that I can control while they are minors, and that they automatically will become owner of when they turn 18? Or will I need to create a crypto account for myself and just manually gift it to them when they become of age? What might be the smart solution?
If you want to save some Bitcoin for your children you don't need to create any accounts that are centralized controlled.
All you need is to have your own Bitcoin wallet and seed words that are held in secure place, use hardware wallets, and than you can add additional wallets for your children.
THis can be done simple with separate passphrase for each child, so they would need to have two things to recover their keys.
First part is your seed words (that is the same for all children) and second part is separate passphrase known only to them.
If you want to make everything extra secure than you can create multisig setup with your children.