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

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Dan's avatar
Dan 2 months ago
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?
Dan's avatar
Dan 2 months ago
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