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I want to start a wallet each of my kids. So when they reach a certain age, I can hand them the keys and give them a little financial push to start their adult lives.

What do you think is the best way to do this?

Should I get a cold storage device for each? Should I just create a wallet and store the seed phase on steel and hand them that? Not sure the best and easiest way to do this.

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#asknostr #btc #planningforthefuture #coldstorage #advice #kids #future #stacksats #LFG #thankyou

Rydal 1y ago

Get a master seed using the favourite hardware wallet of your choice and then derive sub account seed (BIP85) for each of them based on their dob or something. You can then hand them over the seeds someday but if they lose them you can get them back for them.

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Discussion

Dikaios1517 1y ago

This is a decent idea. You will want to plug the seed into a hardware wallet to export the XPUB to a software wallet like Sparrow or Nunchuk so you can generate receive addresses to send them corn, though.

Ken Lazer 1y ago

Seems like the cold card Q will do this from the BIP39. Right?

Rydal 1y ago

Yep coldcard will do all this for you.