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RE: Some advice - A set and forget BTC wallet for my kids
Hey, so as has been mentioned before, paper wallets are an option. But I'd be careful about trying to save up by transferring small amounts into them at a time - transaction fees are super high and if you're making multiple deposits you could end up paying hundreds of dollars worth just to move the money around.
If you are going to store as much as 1 BTC a hardware wallet like the ledger nano might be a good idea, and you can write down instructions of how to set it up.
In terms of transaction fees... I dunno, maybe gift them BCH or litecoin instead? Moving bitcoin around is super pricey.
Yeah, the fees are awkward. But the Lighning Network is comming. My advise: Store small ammounts on your exchange until you have collected a larger amount. Then transfer the whole ammount into a paper wallet. Maybe the market has calmed down so far and the fees have dropped
This is a good way around it!