Guide
Can I give my crypto wallet to someone else?
Yes, you can give your crypto wallet to someone else, but not by handing over a seed phrase: you would keep a copy. A Satchel is an NFT on NEAR that is a wallet. Give the NFT to another NEAR account, and its addresses, coins and records go with it.
How people hand over a wallet today
A normal wallet has no owner field. Whoever holds the secret is the owner, so each route has a catch.
Share the seed phrase
The other person types your phrase into their wallet and controls the coins. But you still know the phrase, and any backup of it still works. Two people can sign, and neither can prove the other can't.
Move the coins to their wallet
This is the cleanest option for a one-off gift. It gives them coins, not your wallet. The addresses change, so anyone who pays your old address has to be told.
Use a custodian's tools
Some exchanges and trust services let you move an account to another person. The rules, the checks and the wait differ by provider, and the provider holds the keys.
Ways to give a wallet, compared
| Route | Same addresses? | Giver keeps a copy? | Old permissions cleared? | Chains |
|---|---|---|---|---|
| Share the seed phrase | Yes | Yes, any backup still works | No, nothing changes | Depends on the wallet app |
| Move the coins to their wallet | No, new addresses | Not applicable: coins move | Not applicable | One send per chain |
| Use a custodian's tools | Depends on the provider | The provider holds the keys | Set by the provider | Set by the provider |
| Give a Satchel | Yes, the Satchel's own | No seed phrase exists for its addresses | Yes, all allowances are cleared | Bitcoin, Ethereum and Solana |
Giving a Satchel to someone on NEAR
A Satchel is a standard NFT, so giving it is a NEAR transaction. In the app the button is called Give.
- Open the Satchel you own and choose Give.
- Enter the receiver's NEAR account. They must already exist on NEAR.
- Review the account and approve in your NEAR wallet.
- In the same transaction, the receiver becomes the only one who can sign.
The giver keeps nothing to sign with. Every spending allowance is cleared, and the NEAR held inside moves along. The signature record stays with the Satchel, so the new owner can read it.
A Satchel that is listed for sale can't be given. Stop selling first, or read about selling a crypto wallet.
Same addresses, so payments keep arriving
A Satchel's Bitcoin, Ethereum and Solana addresses belong to the Satchel, not to its owner. After a Give they don't change.
Anyone who pays the Satchel keeps paying the same place, and the new owner sees it. The coins already inside go with it.
This suits a project wallet that changes hands, or a payment address a shop or creator might pass on. A Satchel has one NEAR owner, so a team handover means choosing that account. Multisig or DAO ownership is untested.
Give by link, for someone not on NEAR yet
If the receiver has no NEAR account, Give by link creates a one-time claim link. It works like cash in an envelope: whoever opens it claims the Satchel.
The giver's browser creates a fresh account for the link and sends about 0.02 NEAR for its gas. The secret stays in the part of the link after the # sign and is never sent to a server.
The receiver opens the link, connects a NEAR wallet and claims. Keep three limits in mind:
- Anyone with the link can claim it, the giver included, until it is claimed.
- A link can't be cancelled, and a lost link can't be replaced.
- The receiver still needs a NEAR wallet to claim.
Gifts are not checked
Selling a Satchel makes the buyer's browser check every past signature first. Giving does not. A gift doesn't wait for the clean history check, so give only to someone you trust.
The receiver can still read the record on the Satchel's Activity tab, and only they can undo a gift, by giving it back. If the receiver is a stranger, sell it instead or read the buyer's guide.
What to know before you give one
- There is no recovery service. If an owner loses access to their NEAR account, nobody at Satchel can restore it.
- Everyone still trusts NEAR's signer network, which makes every signature. Satchel hasn't been audited.
- Satchel gives no tax or legal advice. Gifts of crypto can have tax rules, so check yours.
Questions and answers
Can I give my crypto wallet to someone else?
Yes, but not by sharing a seed phrase, because you keep a copy. With a Satchel you give the NFT to another NEAR account, and its addresses and coins go with it.
Will payments to my old addresses still arrive?
Yes. A Satchel's addresses belong to the Satchel, not the owner. After a Give, anyone who pays them is paying the new owner's Satchel.
What happens to spending allowances when I give a Satchel?
They are cleared in the same transaction. The old owner and anyone they let spend can no longer sign.
Can I give a Satchel to someone without a NEAR account?
Yes, by link. It works like cash in an envelope: whoever opens it claims the Satchel, so send it only to the person you mean. They connect a NEAR wallet to claim.
Can I undo a Give?
No. Only the receiver can undo a gift, by giving the Satchel back. Give only to someone you trust.
Try it yourself
Open a Satchel and read its record, or browse the Satchels for sale.
Related guides
- Clean history: check a Satchel's signatures before you buyClean history is the buyer's browser check that no signature a Satchel made before a sale can still move its coins. What it checks, and what it doesn't.
- Can you sell a crypto wallet?Handing over a seed phrase doesn't sell a wallet, because the seller can keep a copy. An NFT that is a wallet can change hands without that risk.
- Crypto wallet with a balance for sale: what to check firstWallets with a balance for sale are a known scam pattern. What a buyer can check first, and how a Satchel's record makes that check possible.
- How to gift crypto to someone without a walletHow to gift crypto to someone without a wallet: the usual options compared, then a Satchel by link. How the link works and what to know before you send.
- ERC-6551 and token bound accounts, compared with SatchelERC-6551 gives an NFT an account on one EVM chain. How that compares with a Satchel's native Bitcoin, Ethereum and Solana addresses and its clean history.
- NEAR Chain Signatures in practice: an NFT that signs on three chainsA worked example of NEAR Chain Signatures: how a Satchel contract derives addresses per token and records each signature request before it is made.
- QuestionsEvery answer about keys, chains, selling, giving and fees, grouped in one place.
- Contract factsThe contract account, its access keys, the code it runs and commands to check them.