Ok crypto kid allowance wallets all selected. I had about five I had set up just going through things plus strike for FIAT land transfers I figure the rest I could simply hand the private wallet keys over to each of my first 4 kids. Kid# assigned at birth.
Wallet............Kid#
Kraken...........1
Cashu............2
Primal1..........4
Primal2..........3
Login to reply
Replies (3)
I'm doing similar, no idea if there is any tax implications of that though down the road. Or just screw it
Strike is the only one I have linked to a bank acct and that will flow through me for the most part. I did look and cash app allows the user/kid to choose to do the KYC part and from there if they want to transfer it into USD they can.
But I'm pretty sure I can give them access to the keys and allow them to buy with sats independently while maintaining my own channel into that wallet for monitoring / tracking. That sounds pretty good to me?
Ya the sats would be non kyc for them if they want to spend it right? Assuming years down the road there's a minimum tax exemption anyways