Printed bitcoins as a gift for your friend: tutorial how to make them for spending in every moment

in investments •  3 years ago

  Hi! I printed out bitcoins and gave it as a birthday gift to my friend. How? It’s easy. I will describe and you can do the same.   

The idea of giving bitcoins as a gift came to me a year ago. And the idea of printing them out I got just last week. Some time before I presented bitcoins too: I gave a birthday card with the words written there «Give me a Skype-call, tell me your btc-wallet and I will make a transaction». Surprisingly, but no one of my friends hasn’t applied to me yet. I reminded them about a gift, but the answer was the only one: «Yes, I remember. Have time – will obtain cash». It's amazing – one friend's wallet has become two times bigger since I gave him a present. In order not to let the situation continue, I decided to print bitcoins. Having printed version of bitcoin the person can either hold the btc or spend it.  

 Why cryptocurrency as a gift? i've got 4 arguments «for»: 

  1. it's original; 
  2. it's liquid – your friend can start spending these money immediately; 
  3. it's profitable – btc rate of exchange is changing and rising all the time; 
  4. it's perspective – the more people are involved in btc-promotion, the higher course this currency has.   

Now let's start making the gift itself.   

1) The first step is to buy bitcoin-stylized coins at Aliexpress. I get a parcel of 50 coins – enough for couple of years. Sometimes I gift these coins for no reason and my friends are delighted with such present. But you need to take into account that usually a package goes from China from 2 till 4 weeks.    

2) The second step – go to website https://bitcoinpaperwallet.com. It is a bitcoin address generator. We need to get 2 bar-codes: the first is the address which lets us check the balance and add funds; the second bar-code is the private key for controlling all the bitcoins hold at this address.   

In another words, we create empty wallet and refill the balance with the sum we want to donate to a friend. In his turn, he can put it in a safe-deposit or import into his smartphone.    

Generation of a wallet:

a) visit the website - https://bitcoinpaperwallet.com

b) choose the option Generate Keys&Print Paper Wallets; 

c) go offline for safety and security – so, no one can intercept the private key; moreover, this site can generate address without Internet access because it’s already downloaded into your browser (of course, you can generate it online at your own risk); 

d) start moving the cursor for accidental generation of address; 

e) after generating you can choose the design, which will be printed out later with address and private key (by the way, it is avaliable in russian language); on reverse side will be an instruction how to use it;

 f) print out calibration paper, bring it to the monitor and correct slide rule with a ruler on the paper;  

g) print the head side; 

h) print out reverse side;  

i) fold it as it shown at the picture.    

Printed out wallet number and private key is hold inside a paper construction and not available for scanning.   So, you can now fill funds and transfer some bitcoins to open address on the front side of the coin. I used the app for smartphone https://blockchain.info.   

 Now you can put your paper bitcoin into gift wrapping – the gift is ready! Don’t forget to put the coin!

   If you are interested in how to transfer paper bitcoins to the Internet account, I will write special article. Gift bitcoins, help this world change.      

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Paper wallets are cool. I feel like newbies get really confused by them tough. I was confused between the relationship between a public key and a private key when I first started. It is tough stuff. Please Consider upvoting my most recent post. I just upvoted you! It basically goes over my initial thoughts of the platform after being on for a week. https://steemit.com/steem/@brianphobos/first-pool-meeting-on-steemit-initial-thoughts-and-advice-from-someone-who-has-made-money-online-since-2008

I want one made of cheese!

This is actually a really neat idea, and one which would appeal to those still a bit unsure about how cryptocurrencies work. It usually helps to be able to relate it to a physical object - hopefully he will be inspired to get further into cryptocurrencies!