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Print a paper wallet from https://www.bitaddress.org https://www.bitaddress.org and transfer some Bitcoin to that wallet. Write the amount on the wallet and giv
by tboyd47 5y ago
Print a paper wallet from https://www.bitaddress.org https://www.bitaddress.org and transfer some Bitcoin to that wallet. Write the amount on the wallet and give it to them in a envelope.
- randomhodler84 5y agoNo. Don’t use paper wallet. Use a standard software wallet and save the seed phrase words somewhere real safe. Paper wallets are too easy to mess up the change address for new users.
- randomopining 5y agohard wallet is best. like ledger nano x
- tradertef 5y agoThat is until their system is hacked and your e-mail, name, and address are leaked to web.
- csomar 5y agoThat doesn't affect your crypto.
- tradertef 5y agoTrue, but you get an awful amount of spams and some people will fall in to that. Also, knowing that your name / address and the fact that you are interested in bitcoin is not good.
- randomopining 5y agoI agree. And if I could've done it over again i would've used all burners. Maybe next time I will. But overall, I don't see how there's any danger besides the code being stolen or lost.
- tboyd47 5y agoThat only comes into play when they decide to spend the money. And even then, it's not a huge deal. Just use Electrum. On the other hand, you have to be somewhat crypto-literate to setup and install a software wallet. So the barrier to entry is higher. That's why paper is such a great option for gifts. And if you're trying to encourage financial prudence, the extra obstacles in spending from paper are a plus, not a minus.