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Heating UpSnapshot Window: 2026-10-09 11:20 UTC · ← Back to Crypto Overview
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Investing in Bitcoin for my father (60+): Buying under my name vs. his and custody setup? Hi everyone, For context, I live in Germany. My father is now on board with investing a portion of his money into Bitcoin, and I will be carrying this out together with him or on his behalf. We are currently trying to figure out the smartest strategy from a tax, legal, and operational perspective. I'm currently facing a core question: Should we process the purchase under my name or run everything under his name? My initial impulse is to transfer the funds to my account and purchase the Bitcoin under my name. This would be straightforward since I already track my own crypto portfolio using CoinTracking and own a hardware wallet. The biggest advantage would be the simplified tax reporting, as I already handle this seamlessly via CT.