I'm not as worried about the buying, being in the USA and buying a largeish volume at once, I assume I'll just do KYC & pay a tax/fee or whatever, but once I have it, I want to do cold storage and I'm just looking for some updated info. I have been following Bitcoin in one way or another since almost the beginning and have bought and sold and directly used it to pay for goods and services but have never done any cold storage.
Do I use a software? Can I save it to any hard drive? How large is the file? Can I put multiple wallets on one hard drive?
My plan is to buy some coin for each daughter, put them in separate wallets, and do cold storage on a 16gb 2242 sata ssd I have laying around. Is that reasonable? Should I invest in some sort of bleeding edge expensive hard drive? Do I need 1 for each daughter?
Thank you.
What is the best way to buy & store BTC for my daughters?
byu/Quirky-Reputation-89 inBitcoinBeginners
Posted by Quirky-Reputation-89
2 Comments
Hey! I did this exact same thing for my daughters. I have 2. I’ve bought 2 separate cold wallets for them (Trezor) I DCA everyday and sometimes when they get money from birthdays and stuff I purchase BTC on STRIKE (The best app) and send it immediately to their cold wallets.
I keep everything and when they turn 18, that’s what they will receive.
Any other question, happy to help! This is the best move for their future.
I recommend Sparrow Wallet for desktop and a Cold Card Mark 4 for a hardware signing device. Keep your recovery phrase offline and somewhere safe and you’ll be good to go.