I have a Bitcoin investment that’s in cold storage on a hardware wallet, but I don’t really know anything about exchanges. A friend asked me for assistance, she wants to buy a small amount, to hold long-term for her kids’ futures ($100 each, for two kids) just on the hope that it may appreciate into a nice nest-egg after a couple decades.
It’s such a small amount that it’s not worth purchasing a hardware wallet, so where does she hold it? Is there a trustworthy exchange to use?
Also, the kids are minors, so is it possible to make each of them accounts, or should it be in her name until such time that she decides to transfer it to them one day?
That sounds like a good option. Thanks.
I recommend Cake or Stack if you use a mobile wallet. You can use an old cell phone with no SIM card (do a factory reset to erase personal info) and just connect over wifi. That is about as secure as a hardware wallet and you can have an unlimited number of wallets on it.
Also I suggest you look into Bitcoin Cash and what happened during the "Bitcoin Civil War". There is a new book about it that just came out: Hijacking Bitcoin: The Hidden History of BTC