BSP Child – Bitcoin Savings Plan for Minors

The BSP Child is a new StackinSat offering designed to allow parents, grandparents, or legal guardians to start building a Bitcoin portfolio for a minor. This product is an ideal solution for investing in your child’s future while securing their Bitcoin in a regulated and reliable environment.

📽 Watch our dedicated video on this topic: BSP Child Video

Why Choose a BSP Child?

• Investing in the Future:
  The BSP Child allows parents or guardians to gradually build a Bitcoin capital for their child from an early age.
  
• Little-Known Tax Advantage:
  Making a manual donation via BSP Child allows you to neutralize the latent capital gain on your Bitcoins (see the "Tax Implications" section below).
  
• Security and Regulation:
  Bitcoin is safely stored in the StackinSat Vault, ensuring protection against loss or theft.
  
• Legal Ownership by the Child:
  The Bitcoins held in a BSP Child are legally transferred to the child, making it a genuine wealth transfer.

How to Open a BSP Child?

Creating a New BSP Child:

• For a new BSP Child:
  A StackinSat account holder can open a BSP Child directly from their dashboard. Simply create a new BSP and name it "BSP Child + First Name + Last Name of the Child", e.g., "BSP Child John Doe".
  
• For converting an existing BSP into a BSP Child:
  If you already have an active BSP, you can convert it into a BSP Child by renaming it to "BSP Child + First Name + Last Name of the Child".

Legal Conditions

1. Funds deposited into a BSP Child are legally considered a gift from the adult to the child.
2. The Bitcoins remain legally owned by the child, even though the BSP is managed by the adult until the child reaches legal age.
3. StackinSat Vault is mandatory: A BSP Child must be set up with StackinSat’s Vault ( direct delivery is not allowed).
4. ⚠️ Important: Since the funds legally belong to the child, withdrawals or deliveries are not possible before the child reaches legal age.

Required Documents to Open a BSP Child

For StackinSat Clients with Verified KYC:

• A signed and dated declaration from both parents or legal guardians, stating their intention to open a BSP Child. (We provide a declaration template for legal guardians to complete.)
• A valid ID document for each legal guardian.
• The child’s family record book (livret de famille).
• A valid ID document for the child (if the child is over 13 years old).
• If the donation is declared to the tax authorities, a manual donation certificate (a template is available).

For Non-StackinSat Clients:

1. Open a personal StackinSat account and complete KYC verification.
2. Provide the required documents listed above.

📧 Documents must be sent via email to StackinSat:
📩 contact@stackinsat.com
📌 Our team will handle the validation of your application.

Tax Implications of a BSP Child

Opening a BSP Child involves a manual donation to the minor, which may be subject to gift tax regulations.

1. Taxable Base:

• The value of the deposit is assessed either at the time of the donation or at the time of taxation, depending on which is higher.

2. Tax Declaration:

• It is recommended to declare donations made to a minor with the appropriate tax authorities.
• In France, this can be done via impots.gouv.fr.
• In France, declaring the donation fixes the taxable base at the time of the gift and starts the 15-year exemption reset period.

Tax Advantage Example in France:

1. **Paul buys 1 Bitcoin when BTC is worth €50,000. Later, BTC reaches €100,000. If Paul sells it, he will be taxed on a €50,000 capital gain. **
2. Instead of selling, Paul donates the Bitcoin to his child when BTC is at €100,000. The child receives the Bitcoin as a gift, declares the donation, and benefits from a €100,000 tax exemption every 15 years.
   Since the tax authorities consider the Bitcoin received as a donation rather than a capital gain, the child is not taxed on the price increase.

This can result in major tax savings.

📝 We strongly recommend that our clients consult tax professionals to fully understand the implications and benefits of this approach.

Updated on: 29/03/2025