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Summary generated with AI because I'm lazy:
Risks (Receiving Only)
Total Balance Visibility: Every sender sees your entire wallet balance 24/7.
Income Tracking: Senders can see every other transaction you receive, mapping your sources and frequency.
Physical Targeting: Publicly visible high balances make you a target for theft and "wrench attacks."
Address Poisoning: Scammers send "dust" from look-alike addresses to trick you into accidentally copying their address for your next deposit.
who will be sending the child bitcoin and will have access to the public address? The family so I doubt :
family will map the transactions and cause a wrench attack :D
Also if bitcoin does not drop back to like 10 bucks then on this card there will be never to much bitcoin ( like full coins).
Based on my current knowledge address reuse is a concern if its going In / Out , In / Out ... but in this case its going only IN so shouldn't be an issue. Hopefully when the kids reach a certain age they scratch the back and move everything out and never again use the card itself.