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# BSP Junior


# 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](https://www.youtube.com/watch?v=2XvT-u1dqrw)

## 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](https://www.impots.gouv.fr/accueil)**.
* 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.