My 11 year old Son Has Made 1 Bitcoin using Faucets 🌞 Will All These Micro Transactions Be ok?
Good morning Steemians! I hope everyone is having a great weekend so far. So my son wakes me up today to show me his btc wallet and he has made a little over 1 bitcoin just by using faucets for a year. My question is will all these little micro transactions he has made be a pain to move around to a more secure wallet? He want me to move everything to BitPay so he can use the debit card they provide. Obviously, I told him that won't happen because he is way too young in my eyes and because I said so! (I provide all he needs) What I will do for him is move them out of his blockchain wallet to a more secure wallet. My only worry is with all these little transactions that were deposited like 50 cents here and 30 cents there will it be just a simple transfer or could this take days?
Oh and he also wanted me to share his unfinished Steemit drawing with all of you. 🌞
I hope you enjoyed. Please Upvote, Resteem, and Follow me @road2wisdom
If it's all in one wallet, it should be movable with a single transaction. He sounds like a younger me!
Thank you @lexiconical
I hope you are having a great weekend :)
This is great! Bright kid using what he can to earn. You should be able to send any amount to any wallet. One thing to consider though, many faucets have to earn a minimum before you can withdraw bitcoin from them.
Upvoted and followed.
Thank you :)
What a kid. 1 bitcoin from faucets! He must have learned an incredible amount of patience whilst accumulating that amount!
If all the faucets paid out to a single wallet (and a single address) it should only need a single transaction to transfer from one wallet to another. Be careful where you move your coins to though as different wallets have different strengths and weaknesses.
This article may help you select a suitable wallet to use:
https://www.bitcoin.com/guides/how-to-choose-the-right-bitcoin-wallet
this is impressive. :D smart kid
Hello @road2wisdom i would advise you purchase a TREZOR Bitcoin Wallet
for the price of $103 this is a USB wallet so its always Safe.
Next what i would do is transfer The totality of 1 Bitcoin and split it up into 4 Parts
So like this
0.25 BTC in Wallet 1
0.25 BTC in Wallet 2
0.25 BTC in Wallet 3
0.25 BTC in Wallet 4
Total = 1 BTC (4 x 0.25)
After that once you have the TREZOR Wallet Transfer the funds to the USB Wallet and Secure it.
The problem in the next coming years will be that Desktop Wallet or Web Wallets will become very unsafe due to hackers.
So spreading your BTC is always the Safest thing to do untill you have the Security of TREZOR or other USB Wallets.
Hope that helps :)
And its a really beautiful drawing! i like it ^^
Yes, thank you for taking the time to break it down for me. I appreciate that and thank you for the kind words :0)
I know there will be fees involved in doing that but since others already spoke on that, I wanted to add the security aspect of it :)
Have a nice day!
In this case, you should have more children!
HAHA Maybe one more someday. I can start a chain of little bitcoin miners lmao
Exactly how many bitcoin addresses are involved? Was he using 1 address per faucet drip? Pretty amazing he was able to build up that much over a year though. Sounds like he found himself some pretty cool faucets there! lol
Yes,he used the same address from what I see over and over with these sites. Some would deposit weekly and others every couple of days. It's crazy to see all these little transactions and to see bitcoin rising over time over the past year all equal a little over One BTC. I know I couldn't sit there and do this for a year lol Thanks for stopping in :0) How are you doing?
if they all went to the same wallet, then he could literally just move it all in a single transaction. if it were all in separate addresses, that would have been a nightmare! lol
doing well, just been busy with things like my latest "release"... a post slider for minnows and a way to "monetize" older content! :)
So what websites was he using?
Lets call it your personal pension fund! Ha ha! :D
lol
Now that is what I am talking about!
Success is not what you are given in life, success is being resourceful and staying hungry with drive for the goal. He is off to great start in life, I am he will stay hungry with that drive.
Those are very true words. He has big dreams as we all did as children but he is very good at his little age at manifesting what he says into reality. I think i wont have to worry about him in the making a life for himself department' lol Thank you for the generous words.
I just want to say that you have a genius kid. Be proud of him.
Thanks @loftee I am very proud of him he is my life :)
It would only take a while if he had any unconfirmed inputs from his transactions. Also be mindful of the appropriate fee, it should be rather low, but you can check the state of the network here:
https://estimatefee.com/
Or send a direct query like this:
https://estimatefee.com/n/6
Which tells you the exact fee to set to get a decent confirmation time.
Having a whole Bitcoin is a rather large achievement, he may not want to spend it all just yet. He's in the top 0.3% of people that own a Bitcoin.
Reference chart:
Thank you for that information.
That is great. Please congratulate him. Upvote and follow are done as you asked. Please do the same. Thank you.
I will and thank you :)