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?
I'll be depositing funds in their accounts regularly, which will keep sitting there for about 6-10 years, so I'll be looking to accumulate some sort of interest during that period. What options should I consider for this?
I will not prefer locking my assets for that much long term period so either you have to keep them until they reach the certain age or just create a wallet one for themselves and keep sending the funds to it periodically but only check is you can't lock in so as long as they received they can able to send whenever they want so first step is to teach you kids about the importance of holding so the investments will actually grow and let them to manage on their own with much responsibility and no nonsense investment schemes.