For your use case, I think BIP-85 is perfect – it lets you derive 'n' child keys from a master seed, each tied to a serial number you choose.
For example, pick numbers tied to your nieces/nephews (birthdays, anniversaries, or just 1, 2, 3...). With your master seed (keep it yours, offline!), you can generate infinite gift addresses and recover coins if they’re lost, using just the seed + serial index.
It’s a top feature, super secure with hardware wallets!
BitBox02 and Blockstream Jade make it intuitive – check this BitBox post for a clear breakdown:
https://blog.bitbox.swiss/en/using-bip-85-child-keys-with-the-bitbox/
Labeling UTXOs is simpler, but BIP-85 nails family gifting.
I love that you’re bringing your nieces/nephews into Bitcoin – as an Italian, la famiglia is everything to me!
They will be forever grateful to you.
Sharing these tips keeps our ledgers and hearts organized.
🧡
#Bitcoin #Nostr
