This app was mentioned in 336 comments, with an average of 3.41 upvotes
You're welcome =)
You'll need to withdraw the coins to your own wallet and then you can make a payment from that.
If you got a smartphone I recommend the following. Shoot me a PM if you need any help.
Android - https://play.google.com/store/apps/details?id=com.mycelium.wallet
iPhone - https://itunes.apple.com/us/app/breadwallet-bitcoin-wallet/id885251393?mt=8
One of the easiest ways to buy bitcoins is probably Coinbase.com, so I recommend that for the beginning. The markup is 1.5% over spot, tough. Bitstamp.net is cheaper 0.25%, but it's a little less user friendly, because it's just an exchange, where Coinbase is more like a broker.
If you buy, hold it. My minimum duration of holding is 3 years. The price might go down again and you don't want to lose your cool and sell at a loss. Invest what you're willing to lose and ride it out, for 3 years. The longest bear market we had until now, was about one year. Don't lock in losses.
Hold your own private keys. Buy from Coinbase or an exchange and then send the funds to an address, to which you control the private keys. As a wallet, I recommend for Android Mycelium and for iOS Breadwallet. Make sure to backup the recovery seeds before using the wallet and you're good to go. Think about using an old, factory reset Android phone or tablet you've got laying around with only the wallet app installed for added security.
I kind of wrote that above, but make backups. Write down all the passwords and seeds you need to access your bitcoins on paper, not on your computer. Store that paper with, for example, your birth certificate. Most people are able to keep paper save for decades as demonstrated by you still having your birth certificate.
It is extremley feature rich and also integrates with the most popular hardware wallet. So far has been very reliable (except for the latest iOS update for some users)! It is always on the forefront of new standards and idears. It can even be used with Tor on Android, you can trade Bitcoin with it, good overall UI experiance. Also interessting what they have on the list of features they like to have implemented in the future.
They do care about user experiance, user privacy, ease of use and provide regular updates.
Read about all the features here and make sure to expand the description to get the complete view.
Also Mycelium team is very much reachable here on reddit, on bitcointalk and is present at many bitcoin fares.
I looked into this some time ago as well. A lot of people are recommending bitcoin ATM's, but be aware that the service fees for these machines can be really, really high. I get it, it costs money to provide a service, but look up the rates ahead of time so you're at least aware of how much you'll be paying.
(https://coinatmradar.com/blog/bitcoin-atm-fees-2016-revision/) - This site says average in canada is 7.5%, but I recall fees in the range of 10-15%. Buyer beware.
Other suggestions - if you use Android, the Mycelium Bitcoin wallet has a Buy/Sell Bitcoin feature that can connect you with local users for cash transactions. I never used it myself, but it might be a cheaper alternative. (I found Mycelium to be a great wallet by the way - https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en)
The best way to get started in my opinion is to setup up a few different types of wallets and practice sending small amounts of bitcoin between them. Setup a ChangeTip.com account for one type of wallet which conveniently connects to your Reddit and other social media accounts. Also get a mobile wallet if you have smartphone, Mycelium if you use Android or Bread Wallet if you use iPhone are the recommended choices.
Let us know if you have any questions or need help with anything.
/u/changetip 5000 bits
Don't use a GPU to mine Bitcoin.
You need to use a special computer called an ASIC.
If you try to GPU mine Bitcoin, then your electricity bill will go up hundreds of dollars to maybe get $10 of BTC.
Your parents would rightfully murder you. Try to avoid this.
Go so some chores for some cash, then get your parents to buy Bitcoin for you. Then you give them the cash for the Bitcoin. They can use the cash app to buy Bitcoin. Then you withdraw it to your Bitcoin wallet.
I recommend using Mycelium Bitcoin wallet for Android.
Mow lawns in the summer. Wash cars. Walk dogs.
Go earn money and buy Bitcoin with that money.
I can add some insight on that. Today I noticed that Mycelium is currently getting installed by more Colombians than any other nation and they overtook the US some time ago. We were on slow organic growth until April 18th (that date marked a minor spike up but similar to other minor spikes before.
Country | January 1st | April 18th | May 9th |
---|---|---|---|
Colombia | 5 | 180 | 410 |
Bolivia | 0 | 3 | 33 |
Ecuador | 0 | 6 | 32 |
Mexico | 4 | 9 | 22 |
USA | 163 | 136 | 187 |
I tried to figure out what was going on, as there was no clear date at which things happened (an app getting featured at a major TV show usually results in spikes with declines) but it looks like a massive boost in general interest. Like countries waking up to Bitcoin. WTH? And why Colombia and not Brazil? Even Mexico is much slower and more following the global trend.
"We support BIP148 and node count doesn't really matter at this point. We will have our node ready in time. I personally hope we can get SegWit before August first but if Jihan wants war, I know where I stand. (lw)"
There's lots of software you can use, but the easiest thing is a web wallet. Coinbase.com is the closest to a traditional bank, or something like blockchain.info will let you manage it closer. Or you could even do a phone wallet like Mycelium.
But I don't blame you if you don't want to set anything up, it's not the most user-friendly space.
Related, you can now use blockchain technology on your mobile phone to do global banking, with no identity requirements. USD accounts supported.
https://www.youtube.com/watch?v=eT2CmOfXyH0
https://play.google.com/store/apps/details?id=com.mycelium.wallet
Now take your coins and move them to a wallet you control. You must always remember; "If you do not control the private keys, you do not control the bitcoin."
While your coins are on circle, they control them. Moving them to a wallet you control means you have to take responsibility to secure them and, more importantly, they are yours and no one can change that except you (intentionally or unintentionally).
Be sure to back up said wallet. If you are on android Mycelium wallet is a great choice.
To follow up:
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
https://itunes.apple.com/ca/app/mycelium-bitcoin-wallet/id943912290?mt=8
It will give you a new wallet (address) with each transaction and keep all of the old ones in case you get a refund. Wicked easy to use. Just open it, click the QR code, click "Copy to Clipboard", send from Circle to that (paste the address), open Mycelium back up, click "Send", "Manual Entry", paste in whoever you're sending it to (a source, tumbler/mixer), etc.
If you look at their app store page, it shows it's been updated today and mentions 'custom fee' in the 'what's new' section:
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
Yes, and it's a very good idea to get your own wallet and transfer your coin to it ASAP. You want a wallet where you are the only one with the private key.
I personally use Mycelium.
circle and coinbase are fine for buying bitcoins.. the important thing is to withdraw them and not leave them in their wallet.. it's like if your salary was paid into an uninsured bank - you want to withdraw the cash as soon as you're paid.
Install a wallet on your phone like mycelium and withdraw the BTC there.. then send them to whomever you need to pay from there. Coinbase and circle have a bad habbit of randomly asking intrusive questions you may not want to answer.. it's easier to just ignore them if they aren't holding your money.
You could use a wallet like Mycelium or Bread wallet to scan the private QR code and sweep any funds in them. If you just want to check to see if they have a balance, copy and paste the public address into a block explorer like blockchain.info
It looks like the private key is on the back of the card, so if you wanted to use the funds you'd need to import that key into an electronic wallet. The easiest way would be using Mycelium wallet or Bread wallet which lets you sweep from a private key QR code.
You'll probably want to get a mobile wallet on your phone which will make things easier usage wise, but I don't recommend Blockchain.info wallet. If you have an iPhone get Bread Wallet, if you have Android phone get Mycelium.
Once you get one of those wallets setup, they will have a receive button which will give you an address you can send your Bitcoins to from your Romit wallet. I'm not familar with Romit wallet but I assume it has a 'Send' button somewhere in which you'd copy and paste the receiving address. This will move you coins from the Romit wallet to your other wallet.
Just be sure to double check that you copied the correct address before hitting the submit button. Also, make sure to follow the appropriate back-up procedures for either wallet which will include writing down a set of 12 words.
Hope that helps, let us know if you have additional questions.
/u/changetip 2000 bits
Keep AirBitz. It's a great wallet. Your wallet is not your exchange. You will need to get bitcoin from somewhere or someone to put some bitcoin in your wallet. If you don't like the AirBitz wallet for some reason, try Mycelium for Android.
Option 1: Go to bitquick.co. Find a bank that's close to you. Be sure to copy and paste the wallet address (also known as the public key) from your wallet into the appropriate blank at BitQuick. Deposit cash into that bank with the information that you received from BitQuick. Take a picture of your teller receipt and send it to bitquick. You should have btc in your wallet very soon.
Option 2: Circle.com. Go to circle.com or download the android app here. Follow the relatively simple instructions, and you should have some bitcoin in short order.
I think Philippines has a strong Bitcoin community. It might be good to see if there's a local meetup nearby, where you could go and get everything explained in person and buy your first bitcoins.
Otherwise, I'd recommend Mycelium for Android, which has a built-in feature to help you buy your first coins.
Are you able to buy things online? If so, how do you send funds for that purpose?
If you have an Android smartphone, you could try the Mycelium wallet's Buy / Sell feature. It doesn't look like there are any sellers in Kosovo now, but there are some in neighboring countries. You might as well create a "Buy" ad since LocalBitcoins isn't working for you.
> Without checking, so far there is no option for some kind of watch-only HD wallet
But with checking, there is:
"Watch-only addresses (single key or HD)"
It's listed as a feature on https://play.google.com/store/apps/details?id=com.mycelium.wallet
You can definitely mine directly to Coinbase, I had an issue with 2FA and almost lost $400+, once I finally got access to my account again after a week of being unable to log in regardless of what they told me to do, I switched to an offline wallet, I won't go back. It's a long term investment for me as well, so there's no reason for me to leave it anywhere someone can gain access to it.
If you plan on keeping it long term, I highly recommend https://play.google.com/store/apps/details?id=com.mycelium.wallet
Been good to me. GL!
That's all you need. If you use Android, I recommend Mycelium and if you use iPhone then get breadwallet.
> omniwallet.org!
sounds like you've gone from the frying pan into the fire. why use some wallet that has no rep? this page below will tell you all about the reputable opensource wallets so that you can make an informed decision:
https://bitcoin.org/en/choose-your-wallet
if you can't be bothered with all that and just want a wallet now then mycelium is good as /u/dskloet said. there's also electrum from electrum.org if you need one for your pc.
Install the Mycelium wallet app on an Android phone, receive bitcoin on there, and link a Cashila account to it. Then you can make SEPA bank transfers straight from Mycelium. The first €1000 that you exchange are free of charge.
https://play.google.com/store/apps/details?id=com.mycelium.wallet
No, really, if you're in Montreal you and are interested in bitcoin, then you owe it to yourself to go to the bitcoin embassy.
In the mean time, you can download the mycelium wallet for android ( https://play.google.com/store/apps/details?id=com.mycelium.wallet ) and play around with it.
Oferta si las otras cosas no funcionan:
That is a serious added complication. There is very limited choice for buying bitcoins in Turkey, because the government implements currency controls (all the more reason to want bitcoins). AFAIK you're limited to
Neither of which is likely to accept credit cards.
For your GPU you will probably be better off paying for the shipping.
I wouldn't recommend a site. I would recommend an app, specifically the MyCellium app.
Encrypt your phone, set a pin on your phone's lock screen, and set a pin on the MyCellium app.
Backup the seed that MyCellium gives you when you first launch it, and store it in a safe place (in case you lose your phone). Then transfer your bitcoin to your new MyCellium address.
This will be much safer than what you're doing with bc.i anyway.
As a lot of people have said, what your talking about sounds like the same thing BC.I was dealing with a while ago. My guess is they didn't due extensive testing on older versions of Android, and 4.0 is especially uncommon.
Really sorry about your loss. I would suggest either Mycelium or Coinomi
I am partially biased to Coinomi since I am a Dev, but I would highly recommend either one.
If you use Android, check out Mycelium and their local trader function: https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en_GB - If you're in a big city, the chances are you can find someone to meet in person for a cash exchange.
For your android phone, download something called Mycelium. Then, before you do anything, open it and go to the menu and hit backup, and follow the instructions. Write the words it gives you down on paper, not on your computer if you can avoid it, and keep that paper someplace safe. (The reason you don't want it on your computer is so that if you get hacked, it's not on your computer and your Bitcoins are safe.) As long as you have those words it gave you, you can recover your bitcoins. No matter how many different addresses you use.
For your computer, download Electrum. After you install it, when you run it for the first time, it will also give you some words that you need to write down or otherwise store safely somewhere. It will also prompt you to make your own password that will be required whenever you want to spend your Bitcoins. The words it gives you allows anybody to spend your Bitcoins, even without the password, so again I recommend not keeping them on your computer if you can avoid it. The password is used because Electrum generates your addresses from the words, and saves them on your computer, but it encrypts them with the password, so that way if you're hacked, the hacker still need that password (or just the unencrypted words).
So remember, whichever you choose, save those words! And make a PIN or password too. The words allow you to recover your Bitcoins, and the password encrypts the addresses derived from them that are stored on your computer.
Having the words safe and using a password are both necessary to protect your Bitcoins!
ChangeTip and Coinbase are both considered "wallets" for storing, sending, and receiving Bitcoin. And yes you can transfer Bitcoin between the two, along with other Bitcoin wallets.
The difference between the two is that each offers additional but different services. Coinbase lets you buy Bitcoin for USD. ChangeTip focuses on allowing people to send small amounts of Bitcoin using social media sites like Reddit and YouTube simply by replying to someone like so: /u/changetip 1000 bits.
If you look in your ChangeTip account under the "My Money" tab you'll notice an orange button called "Wallet"; if you click on that it will show you a QR code and a long alphanumeric number - this is your ChangeTip wallet address in which you can send Bitcoin to from Coinbase or another wallet. You'll see something similar in Coinbase which is titled something like "send/receive" bitcoin.
I'd recommend practising by sending small amounts between different wallets. Perhaps try a mobile wallet as well like Mycelium for Android or Bread Wallet for iPhone.
Mycelium Local Trader Android app is another way to get Bitcoins without providing full identity.
It used to also be possible with Circle, but I've heard stories that they're clamping down.
Coinbase isn't a wallet. It's a Bitcoin exchange. They're where you buy and sell Bitcoin.
A Bitcoin wallet is where you store your Bitcoin after you withdraw it from the exchange where you bought it. I recommend using Mycelium Bitcoin wallet for Android.
That said, don't use coinbase. Try the cash app unless you're going to buy thousands of dollars of BTC. If you're going to invest thousands, use Kraken.
Don't hold your Bitcoin in a custodial wallet.
Use a non custodial Bitcoin wallet like: https://play.google.com/store/apps/details?id=com.mycelium.wallet
Not your keys, not your coins.
Get your coins off the exchanges and into your own wallet where you control the private keys.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only.
I'm afraid I'm not in the US and can't use Venmo!
Edit: I put some money on a mycelium wallet
You can get it here for Android
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=de
or iOS
https://apps.apple.com/us/app/mycelium-bitcoin-wallet/id943912290
I'll send you the backup passphrase via PM
https://play.google.com/store/apps/details?id=com.mycelium.wallet
No online wallet is safe. Not your keys. Not your coins.
Use mycelium Bitcoin wallet. You control your own keys. Make sure to write down the 12 word seed when you setup your wallet.
Thanks for the link !
I'm definitely looking at learning to stop and decrypt my wallet (and all the other things like that - such as how to backup a wallet, how to backup the private key, how to backup the public key, etc)
But I'm also very interested in all the other things as well (for example the features of Electrum and Mycelium (Android wallet) - it's great), it's just getting me started so far.
There is no database - only your seed. Electrum will work but when restoring the seed you need to click the option button and select BIP39. If segwit you also need to ensure correct derivation path is set when it shows that. Electrum does work fine with Trezor as I use it every day but by default it restores it's own seed format (12 word only) so you need to select correct option. Also, be sure if you have a passphrase on seed you enter that or will get wrong wallet.
edit - note, I see the BIP39 option was only merged on Aug 13 for Android version. That probably means it's not yet in the released version as there has been no update since then. Which means you'd have to build yourself or have someone build for you.
I'd suggest just using Mycelium in the app store as that works natively with BIP39 (and they even have built in Trezor on Android support if you have the OTG cable).
I am not familiar with greenbits but I would not personally use any online wallet. Especially for funds earned from gambling.
If you are using iOS I suggest BRD wallet
If on Android, Mycellium
Get Mycelium Bitcoin Wallet for android (https://play.google.com/store/apps/details?id=com.mycelium.wallet).
It has no SegWit support (version 2.10.5.8). This is bad for Mycelium and good for you ;)
Firstly, import your xpub and check your balance:
ACCOUNTS tab -> Key Sign Plus -> Advanced -> Import Bitcoin address or private key from clipboard.
I've verified the xpub import. It works.
If it works for you too try to import your seed.
Good luck!
If you are new to Bitcoin and don't know how to retrieve the funds when you eventually found it you can use a wallet app in your phone for that.
Following wallets can sweep the QR codes
Android: https://play.google.com/store/apps/details?id=com.mycelium.wallet
If you are an advanced user, you will also find Bitcoin Cash on the same QR Code
Trezor and Ledger Nano S are expensive because they are ultra-secure hardware wallets which immensely increase your security. They effectively mean that someone would need to threaten you with violence so they could obtain your passphrases (or read the post-it with your passwords stuck on your monitor... if you do this then bitcoin is not for you!).
Breadwallet is a software wallet which could theoretically be compromised if your device was compromised. You would be likely to lose your coins if you lost your phone and it is not available on PC.
I used and enjoyed Electrum wallet for PC until I decided that storing coins on an internet-connected computer was not appropriate. I have "Mycelium" as my "hot wallet" on my phone.
For a paper wallet I have used this (https://www.bitaddress.org/) several times. It is very simple, but to start with I would use small amounts ~$10 to build some confidence with how to send and receive from it. You can keep adding funds to the same address at different times, but some people advise against this because it identifies both those amounts of money as being owned by the same person.
A good phone wallet is mycelium bitcoin wallet. https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
Transaction costs at the moment are incredibly expensive ~$5 on average, so I would hold off for a bit until they become lower again. Bitcoin has just had a software update that should speed up transactions, and make them cheaper.
I've never used it, but some people have recommended libertyx. Mycelium Local Trader is another way that is expensive but can be very fast.
Note that asking for fast and easy and cheap is probably going to end in tears. Try to choose which of the three is most important for you.
In case you have a spare smartphone or tablet laying around:
If you want to send your bitcoins somewhere, just reinstall the app, restore from the seed and write down the next address that's presented to you. These apps generate an almost infinite amount of address/key-pairs from the seed and you won't have to worry about change addresses.
In terms of security, it's not cold storage, but pretty close, if you ask me. Most Android and especially iOS devices are pretty safe when no additional apps were installed and you're going online only for a short amount of time.
for mycelium https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en if you know key words that are seeded from our key, then yes, install fresh Mycelium, restore, put in the seeded words, and you got access to funds
Check out Mycelium. It's an Android app that connects you with people buying or selling Bitcoin. You can meet them and exchange for cash. You can even make some profit by buying on Unocoin and selling on Mycelium to people who don't want to give their ID.
I use Mycelium on Android for more than I'd be comfortable carrying around in cash, but most of my coins I have in 2 of 4 multisig on 4 different devices in different locations, using Copay.
I don't have a hardware wallet. I think they are cool but I think multisig is more important.
I think mobile wallets are more secure than PC wallets. But of course not all wallets are equally trustworthy.
Bitcoin is money. You generally don't get it for free unless people are generous. Faucets are a waste of time.
Bitcoin is not a way to make money. Investing in it is a pure gamble. If you're poor, don't do it. Only invest what you can afford to lose completely. If you do invest, only do it because you believe in the long term potential of the technology and not to make some quick money.
Localbitcoins is probably your best bet, but there's also a Mycelium Local Trader in Cairo. Install the Mycelium Android App, and use the buy/sell button to make contact with the seller.
https://localbitcoins.com and Mycelium Local Trader.
Or you can just get a friend or family to do the verification instead of you, and you buy bitcoins off them.
> I believe it's Mycelium that he's set people up with but don't quote me on that. He was recently flaunting around his Trezor on the Joe Rogan podcast so I think that's he's main wallet.
~ /u/NimbleBodhi
I recommend the Mycelium bitcoin wallet if you own an Android cell phone. Set it to use 'priority' fees and your transactions will all confirm relatively quickly; though it might cost you upwards of 20 cents today.
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
You could use a wallet like Mycelium or Breadwallet to sweep your private key so that you can use the funds.
Both Mycelium for Android or Breadwallet for iOS support the ability to sweep funds from a paper wallet or import the private keys if you want.
Their is also a mobile app called Mycelium. You meet in person and trade cash for bitcoin.
Personally I find Coinbase and uphold to be the most efficient and best price wise (for me) to buy bitcoin on a normal bases. You can use debit (with a fee) or bank transfer (free).
It is kind of oldish now, but I made a post a couple months ago which lists a lot of the services I have tried click here
Their is a lot of fraud that goes on PayPal gets mixed with bitcoins. It isn't a safe way for a seller to sell bitcoin.
>and have immediate access to the other 25%
For the immediate use coins. Phone wallets are a great option. With phone encryption enabled, they are also very secure, while still being convenient.
I recommend breadwallet for iphone https://itunes.apple.com/us/app/breadwallet-bitcoin-wallet/id885251393?mt=8
And Mycelium for Android https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
Well... As a noob, I would recommend that you don't begin with a full bitcoin node - it takes several days to sync completely.
As a matter of fact, if you have a mobile device you'll have a much easier time setting up a wallet - I highly recommend the mycelium wallet if you have an android device, or breadwallet if you have an iOS device. Let me know if these suggestions don't meet your need.
You can use different wallet apps as long as they use the same HD address generation method and seed wordlist.
I think you can use Multibit HD on Mac and Mycelium on Android. They both seem to use BIP32 for address generation and BIP39 for wordlist, so it should work, but I didn't try. Create a new wallet on either one of them, write down the seed and import the seed in the other app.
Depends on how you go about it. If you arrange a person-to-person sale using LocalBitcoins or the Mycelium Android wallet's Local Trader feature, you may be able to complete a sale in a few hours, and maybe even sell at a premium. Watch out for counterfeit currency, though.
If you happen to be near a two-way Bitcoin ATM/BTM, you could sell even faster. Google "bitcoin atm maps" for services that will help you find them, but I'd always check to make sure the one you find is two-way and then try to reach the location by phone to confirm the unit hasn't moved and that the machine is working.
Maybe there is a two way bitcoin atm near you?
Alternatively you could use the local trader function built into the android Mycelium app to meet someone near you and trade for cash.
https://play.google.com/store/apps/details?id=com.mycelium.wallet
EDIT: Go to www.changetip.com, and select LOGIN in the upper right. Then, select REDDIT as your account to sync. When it brings you back to reddit select ALLOW, and it will sync with your Reddit account here!
If you download the app and include your Twitter, we'll keep depositing into this changetip as you add hotspots--a great way to play around with small amounts!
Check out Mycelium if you're an Android user. It is by far my fave mobile wallet.
I don't think you could get it directly with Coinbase, but it would be very easy to sweep the funds with either Mycelium wallet or possibly Bread wallet to your Coinbase wallet since each have the ability to spend from a cold storage private key. You'd just scan the private key on the other side of the paper and send to your Coinbase address or any other address.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Video Summary
The Bitcoin Standard - Best Quotes
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
You can buy bitcoin at an exchange and is probably the easiest option, here's a few to choose from:
To store your bitcoins you'll need a wallet, below are some good ones:
Honestly, the best way to learn about bitcoin is to use it. If you install one of the wallets above and PM me your receiving address, I'll send you a small amount that you can play around with and practice sending/receiving bitcoin :)
Well first thing to do is to get a wallet setup for yourself to receive the bitcoin and have them under your control. Here's a few decent options to check out:
Important - Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Edit - since you're dealing with $20,000 worth of bitcoin, make sure you test this whole process out with a small amount before moving the whole thing.
PS: I recently had to move away from Coinbase since they limited my account to $25 and haven't told me why.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart Video (current through 12-16-20).
Today's Bitcoin price with 10yr chart - Always zoom out.
To understand how Bitcoin solves all of the problems with money, read Inventing Bitcoin
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
DCA Investment calculator - Figure out how much you have over time by buying X Bitcoin per month
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin is the Internet of Money
Bitcoin scaling solved with the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Debunking "Blockchain not Bitcoin"
The Great Plague of Shitcoinery
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. I recommend Gemini for larger purchases. I don't recommend buying Bitcoin from inside any Bitcoin wallet. The fees are usually way higher for in-wallet buys.
Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
To withdraw your Bitcoin, open your Bitcoin wallet app, hit receive, copy the address, paste it into your withdrawal dialogue from your Bitcoin exchange where you bought your Bitcoin from. I recommend using Segwit native addresses. They start with bc1q. Segwit native addresses save on fees by saving precious space on the blockchain.
"Not your keys, not your coins." Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
To store your Bitcoin, I recommend using Mycelium Bitcoin wallet for Android. I also recommend using a Hardware wallet for maximum security.
Make sure to write down your 12-24 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it. It's worth memorizing.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%. Also allows users to buy Bitcoin anonymously.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how high to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets. Transactions with the highest fee are added soonest to the blockchain.
I recommend using Bitcoin lightning for instant, nearly free transactions. Phoenix wallet is the best Bitcoin Lightning Network wallet
List of stores that accept Bitcoin Lightning
And finally, a warning from Bitcoiner, Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Hyperbitcoinization is inevitable.
Definitely don't keep them on localbitcoins. For long term secure storage use a hardware wallet like a Trezor or Ledger wallet.
For small amounts and short term convienence spending use a mobile wallet like one of the following:
And be sure to follow whatever backup procedures required for whatever wallets you choose.
Here's a list of some popular good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
And to answer your second question, most of these will show both the BTC denomination and the USD denomination, thus you'd be able to watch the change in price in USD depending on the setting.
Here's a few bits to get you started down the rabbit hole :)
/u/changetip 2000 bits
Anyone can setup a bitcoin wallet and send/receive bitcoins without permission. Here's a few options for you to check out and try for yourself:
Of course getting bitcoins is a bit more work and buying them from some exchanges may require you to be over 18 for that, but there's other ways of getting bitcoin so you may have to do some more research for that.
That said, if you setup one of the above wallets and PM your receiving address, I'll send you a small amount of bits for you to play around with and test out :)
You should transfer them off the exchange. As a few replies have mentioned, if you don't own the private keys, they really aren't your bitcoins. You never know, the exchange could go offline tomorrow.
If you're going to be buying btc often, I recommend getting a hardware wallet, like the Trezor. It's pretty much the best combination between secure and convenient.
If you aren't planning on buying anymore soon, a mobile wallet should be fine. For Android I recommend Mycelium or Samourai Wallet. I don't have an iPhone but my friends use and recommend BRD.
In all cases, make sure you backup your hardware and/or mobile wallet by following the on screen prompts. Write down the words given, in order, on a piece of paper. Keep this paper secure because anyone who has access to this paper can steal your bitcoins. You can use this paper to recover your bitcoins if you lose your wallet.
From here, you can save your bitcoins or spend them at a variety of places as mentioned in the other comments. PM me if you need more help.
Here's the quote:
"Mycelium Developers May 27, 2017
We support BIP148 and node count doesn't really matter at this point. We will have our node ready in time. I personally hope we can get SegWit before August first but if Jihan wants war, I know where I stand. (lw)"
http://archive.is/XARPR
https://web.archive.org
Ping /u/rassah (Mycelium employee in charge of the Mycelium wallet app).
Would you want to comment?
Who is the signature "(lw)" and does that person represent your company's official stance on the Segwit UASF?
Can you write a blog post that details what will happen to the bitcoin us big blockers store in your wallet app assuming that we insist on following the big blocksize limit chain and coin?
Edit:
I asked Rassah on Twitter too: https://twitter.com/todu77/status/869047689710899201
You don't own it in the sense that you aren't given the cryptographic key to send your bitcoin. Coinbase has been pretty reliable (no big hacks so far and they let you send your bitcoin to your own crypto key) but they hold ultimate authority to send your bitcoin (they own the crypto key). However, one of the best features of bitcoin is that you CAN completely own and control your bitcoin. Like, you can make it so that literally no one else but you and you alone can tranfer those coins. Not even Coinbase. Not even your government.
Google "bitcoin paper wallets" and "bitcoin hardware wallet" to how you can have complete authority over the bitcoins you buy (these are tools for generating and storing your own cryptographic keys).
That also means that if you mess up with bitcoin, you mess up permanently. It's money on Hard Mode. No chargebacks. If you copy/paste the incorrect address when sending bitcoin there's no "Undo" button. Also, you are responsible for maintaining a ledger for tax purposes (since even the US IRS requires you pay taxes on virtual currencies like bitcoin).
So, if you want to use bitcoin, I suggest starting small and understanding how to secure what you have. Don't rush it, no matter what people in this subreddit suggest. Find a tools that work for you (for me, it's paper wallets, Mycelium android app, and hardware wallets). Treat it as an experiment and learn what you can.
Only if you choose to use an online wallet. You can also install a free Bitcoin app on your phone or computer that doesn't require any personal data:
Android: Mycelium
iOS: Breadwallet
Visit bitcoin.org to see all the different types of wallets that are available.
Storing bitcoins on Localbitcoins is probably not a good idea, you'll want to move them to a wallet you control. Check out the following page for the different types of wallets:
https://bitcoin.org/en/choose-your-wallet
For small amounts, mobile wallets for your iPhone or Android device should be fine as long as you follow the appropriate backup procedures for each. I'd recommend either Bread Wallet for iPhone, Mycelium for Android, or Airbitz for either.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Video Summary
The Bitcoin Standard - Best Quotes
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Here's a list of some good wallets where you control the keys:
The easiest way to buy is from either Circle.com, Coinbase, or LibertyX.
You may need to buy a dollar or two more than the purchase price of the item just to cover minor fluctuations in the price of Bitcoin to USD or CAD depending on how long you wait between buying the Bitcoin and sending them to the merchant.
It can be difficult to understand how all this works and really the best way to learn is to try it out with a small amounts of Bitcoin. Get yourself a mobile wallet like Airbitz, Bread Wallet, or Mycelium. Try transferring the bits I give you from ChangeTip to whatever wallet you setup and you'll start to get the hang of things. Let us know if you have further questions.
/u/changetip 2000 bits
I used Mycelium for awhile and it's a great wallet but lately I've been really liking AirBitz, has some great features, good design, good security, works across multiple devices, and has a nifty built in directory.
That said I'm really looking forward to the beta realease of Samourai Wallet which is doing a lot of innovative things in terms of privacy and anonymity.
Creating and funding a paper wallet is easy if it's not important that the paper wallet is "cold" (extra secure). Just go to a site that creates paper wallets, such as:
Generate a paper wallet, and send to the paper wallet's address (as always, don't lose or expose the associated private key or you've lost your bitcoins).
If you do want to create a "cold" paper wallet, the process is more involved. Here's a good guide:
http://bitzuma.com/posts/bitcoin-paper-wallets-from-scratch/
But I'm not clear on why you need a paper wallet for your stated purpose. A mobile wallet, such as Mycelium on Android or Copay on iOS would probably be better.
If you insist on receiving funds on a paper wallet, you can't verify receipt entirely offline. You'd need access to the Internet to check funds arriving at the paper wallet's address using one or more block explorers (warning, when doing this you must trust the block explorer service providers). Some good block explorers include Blockr.io, BlockCypher, and BlockTrail.
Don't forget to wait for one or more confirmations if you don't trust the person sending the bitcoin.
Sensationalist news headlines are definitely confusing to people who are unaware of how the technology works.
If you generate a paper wallet offline than it's impossible for a hacker to steal because the wallet was never online. This is very useful because you can store bitcoin without even having a computer, phone, or internet. In fact, this is considered one of the best and simplest methods of storing bitcoin (called cold storage).
You can use an app like Mycelium to easily manage paper wallets (such as spending the balance on them)
Yet let's assume that you want a more robust method to storing & using bitcoin.
Currently there exists hardware wallets, which are essentially just small devices that are entirely built for holding and sending bitcoin in an incredibly safe manner. With the Trezor, you can store and send bitcoin without any worry of anyone compromising your device. Recently competitors have come onto the market, such as Ledger Wallet. Both let you send bitcoin safely even from a compromised computer.
Alternatively
The bitcoin community highly stresses that you should manage your own bitcoin wallets, yet for a user with little experience, coinbase offers a very user-friendly method of keeping coins safe. They offer users a "vault" feature which lets people safely store coins without worry of a hacker quickly coming in and draining their funds.
Bitcoin has never been hacked
The difference between bitcoin & paypal is that it's impossible to hack the bitcoin network. The stories you read online are of exchanges being hacked or an individual who didn't store their bitcoin safely.
This is important to realize because a bitcoin exchange typically works by users depositing their bitcoins to a business to handle for them, in order to use the trading software. Thus this creates a large target as if the exchange is hacked of their funds, they can't process withdrawals.
Yet also realize that recent news of hacks come from non-reputable exchanges. Bitcoin is global and there are an incredible amount of exchanges with amazing reputation. People who deposit thousands of dollars on a shady exchange shouldn't be surprised when things go bad. There are plenty of options with exchanges that have a good history and high reputation.
PS: For every news story about an exchange being hacked or an individual losing their coins, there are countless others who have never had a problem. Those who have been unfortunately hacked are a vocal minority.
I wouldn't use Blockchain.info. In principle they are secure, as everything is computed client side and only stored encrypted on their servers, but they are routinely targeted by phishing attacks. For example from time to time one of the top Google search results for "blockchain wallet" and related terms is bIockchain.info, with an upper case i instead of a lower case L.
Just use something that runs on your hardware and your hardware alone. If you trust your skills to keep your computer virus free enough, I'd recommend using Electrum, for Android Mycelium and for iOS Breadwallet. Make sure to backup the recovery seeds before using the wallet and you're good to go. Think about using an old, factory reset Android phone or tablet you've got laying around with only the wallet app installed for added security.
Yes, the following wallets are all very good and allow you to control your own private keys without downloading the full blockchain:
Just remember to follow the appropriate backup procedure for whatever wallet you choose.
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
As for faucets they are generally a waste of time. If you're looking for a small amount to mess around with and test out your wallet(s), here's 2000 bits to get you started :) /u/changetip
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Some good places to buy are:
Here's a few bits to get you started :)
/u/changetip 2000 bits
Coinbase is a good place to buy, here are a few others:
Also, while these are good places to buy, you might want to look into a wallet where you control the keys such as:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Just make sure you follow the appropriate backup procedures for whatever wallet you use.
> I have used circle as a "Hot" wallet
Yea, it's not a good idea to use online wallets like Circle or Coinbase as your regular spending wallets. Best to use a mobile wallet like Mycelium, Breadwallet, or Airbitz where you control your own money, not some third party, and can send or receive however much you want.
Not there isn't a place for Circle or Coinbase, they are convenient for purchasing just so long as you don't store them there.
If you're in the US, try:
LibertyX
LocalBitcoins
Bitquick.co
The Android Mycelium wallet's Buy / Sell Feature
Coin Cafe
Lastly, you can Google "bitcoin atm map" and use one of those services to see if there's a Bitcoin ATM/BTM/vending machine near you.
You will need a wallet:
For Laptop/Desktop: Electrum
For Android: Mycelium
For iOS: Breadwallet
For Web: Coinkite, or GreenAddress.it
EDIT: added wallet info
Dude. Relax. Just wait ten years and hold. Don't sell for any reason.
You clearly don't know what Bitcoin is.
Buy. Hold. Never sell. Bitcoin is money. You don't need to sell money to spend money.
Some light reading.
Learn more about Bitcoin.
Quick Bitcoin intro: https://youtu.be/3wQVZOjxa5w
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
CEO buys $425 million in BTC to hold permanently as a reserve asset. Goal to establish the Bitcoin standard. https://www.coindesk.com/microstrategy-ceo-michael-saylor-bitcoin
The Bitcoin Standard: https://youtu.be/1WBrdLQhUrg
Stock to flow theory: https://digitalik.net/btc/sf_model/
In depth Bitcoin intro: https://youtu.be/l1si5ZWLgy0
r/BitcoinBeginners r/Bitcoin
Bitcoin is the next Bitcoin: https://youtu.be/p0ftZgCEZos
Every altcoin chart looks like same when priced in Bitcoin: https://www.reddit.com/r/Bitcoin/comments/jl4mx2/every_altcoin_chart_looks_the_same_when_priced_in
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. I recommend the cash app for its 2% purchase fees and free withdrawals. Then withdraw your Bitcoin to your own non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your money and not where someone else is holding your money, like the cash app where you bought it from.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it from.
I recommend using Mycelium Bitcoin wallet for Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work. Don't day trade Bitcoin. Just buy and hold forever. There's so many people ~8 billion and only 21 million BTC. Bitcoin to infinity.
Bitcoin is the first truly scarce digital asset. Bitcoin is digital gold. https://digitalik.net/btc/sf_model/
Spend Bitcoin here: https://Purse.io - buy anything from Amazon using Bitcoin and name your own discount. I usually do a 20-25% discount.
Here's repository of stores that accept Bitcoin: https://www.acceptedhere.io/
When spending your Bitcoin, there's a transaction fee. (It goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your payment. You'll set the transaction fee when sending a payment from your Bitcoin wallet. (Hopefully Mycelium)
If you want to learn everything else about Bitcoin: https://www.lopp.net/bitcoin-information/getting-started.html
And read The Bitcoin Standard: https://www.amazon.com/dp/1119473861
Plus there's a second layer called the Bitcoin lightning network. Free and instant transfers based on Bitcoin. https://en.m.wikipedia.org/wiki/Lightning_Network#:~:text=The%20Lightning%20Network%20is%20a,to%20the%20bitcoin%20scalability%20problem.
Phoenix wallet is the best Bitcoin lightning network wallet. https://play.google.com/store/apps/details?id=fr.acinq.phoenix.mainnet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting fuckery that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
If everyone who deposited their Bitcoin asked for it back all at once, these crypto banks would collapse. It's the same as regular banking. The reason you buy Bitcoin is to avoid all that bullshit.
Not your keys, not your coins.
That bible is a bit overkill in some areas... honestly, a solid majority of random buyers are just using Tor on their normal OS, and getting their coins from a source connected to their identity like Coinbase. You can tumble (obscure the path) of coins with Grams Helix among others.
LocalBitcoins may be the best source for anonymous BTC.
As far as wallets, I recommend Electrum on the desktop, or Mycelium for a tablet/Android environment.
GPG4USB for PGP (encryption) related things.
I'd recommend you first try Tor alone just to browse the markets (nothing illegal about that). Newbies will drive themselves nuts starting out with TAILS from the get-go. The truth is that buyers do not need market-admin-level OPSEC. Buyers only get into real trouble when their vendors screw up (packages profiled, bad stealth, etc), not because they didn't have a VPN.
You'll want a wallet which allows you to send, receive, and store bitcoin, and will give you a bitcoin address(es). I'd recommend any of the following as they have both good security and usability:
First of all you must understand what are private keys.
https://www.youtube.com/watch?v=Lx9zgZCMqXE
.
Wallet types
This is the main/official wallet. One that developers are working on - drawback here is that it needs to download full bitcoin blockchain so that you will be able to use it. While having this wallet your computer is "full node" which means it is a point in the bitcoin network.
This kind of wallet runs on your computer/ mobile phone and keep the private keys on your device. But doesn’t need the whole blockchain, it connects to an external server so that you will be able to broadcast the transaction.
Most known desktop ones:
Electrum (every person can run a node for electrum wallet/ or to use it for free) https://electrum.org/#home
Multibit https://multibit.org/
Jaxx https://jaxx.io/
Android:
Mycelium Bitcoin Wallet https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
Coinomi https://play.google.com/store/apps/details?id=com.coinomi.wallet&hl=en
breadwallet https://play.google.com/store/apps/details?id=com.breadwallet
etc.
These are often called "cold storage" - they generate the private key and public key randomly. You are still able to receive coins but when you need to send you will need your private key to do so.
https://www.youtube.com/watch?v=4TmN4STr_ug - well explained here if you have time to watch it.
These are something simmilar to a light wallets with a diference, your private key is not on your computer, it is in fact on this hardware wallet/device. They are also belived to be m"most secure" as your device will be hardly hacked/ get a malware to expose the private key.
Ledger Wallets https://www.ledgerwallet.com/products
Digital Bitbox https://digitalbitbox.com/
KeepKey https://www.keepkey.com/
These wallets store your private keys on the 3rd part server, for this you need to trust the provider of the wallet. These wallets are also target for hackers so you should really consider would you like to use this kind of wallet. Some online wallets give you your private keys and some don't.
blockchain wallet https://blockchain.info/wallet/#/
block io https://block.io/
coinbase https://www.coinbase.com/
etc.
This types of wallets is also typically found on exchanges, there were exchanges that were closed down because of hackers for instance MTGOX (just google it :D)
For the wallets that you keep on your computer, android, IOT device etc. keep in mind that you will need to try to keep it save from keylogers, viruses and other malwares so that you don't expose your private key. If you need any other information will be glad to answer.
Some wallets give you mnemonic seed which is more easier to remember - you can decrypt it with proper tool and receive your private keys. Different wallets use different mnemonics which means that you won't be able to use same mnemonic in some wallets (depends on the encryption that they use for their mnemonic/seed).
Keep in mind that because bitcoin is anonymous that there are even services that are there to scam you.
stay safe :)
The following wallets have a built-in feature for buying bitcoin via Glidera AND let you control the private keys of your wallet. All are good wallets that have both good usability and security. I personally recommend and use Airbitz, but could be worth checking out the others.
Just be sure to follow the appropriate backup procedures for whatever wallet you choose.
Also, that said, you can still buy from Coinbase and just transfer over to your own wallet once you receive the coins.
For large sums of money use a hardware wallet like, https://www.ledgerwallet.com/
For spending amounts use a mobile wallet, Mycelium for Android and Breadwallet for iPhone.
I would not recommend using the Blockchain.info wallet as they've done a poor job in terms of security. Check out any of the following as they provide a good mix of security, usability, and reliability:
Also, if choosing any wallet be sure to follow the appropriate backup procedures.
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
I'm a fan of Airbitz as it offers a good mix of usability and security, in addition to having a nice UI and some other useful features.
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Why not just use a wallet where you control the keys, perhaps one of the following:
I like the following as providing both usability and security, as well as being able to import/sweep from paper wallets:
Just make sure you follow the appropriate backup procedure for whichever wallet you choose.
You will need to have your own wallet to send the Bitcoin when you do redemption thing as stated in their instructions:
https://libertyx.com/buy-bitcoin
I'd recommend one of the following wallets if you don't have one already:
Just make sure you follow the appropriate backup procedure for whichever wallet you choose.
I agree we're certainly not there yet. But with mobile apps like the ones mentioned before (Mycelium or breadwallet or Copay) it's NOT limited to experts.
These particular wallets require zero technical skill, and I'd argue they are easier and safer than keeping an account with some external service like Coinbase and storing money there. Also due to the fool proof backup function. Especially Mycelium (on Android) really nailed it. Everybody capable of using a smartphone gets that.
Seriously, have you tried any of the mobile wallets nowadays? Apps like Mycelium or breadwallet or Copay are really a big step forward in userfriendlyness.
Your parents are a good example. I sure as hell wouldn't trust my parents to keep money on an exchange, requiring them to remember passwords and all (especially not on their infected computers). They do use Mycelium, however. It's absolutely friction-free for them, and they're complete computer illiterates.
Crap like remembering encryption passwords is something from the user-unfriendly geek-oriented high tech wallets. I (being a geek and all) use that in my linux offline cold storage containing 100+ bitcoins. Nothing like that in the mobile wallets I mentioned above.
And they got a very simply, fool proof backup procedure too.
Seriously, it works.
A Bitcoin is divisible by eight decimal places or 100 million units, so you'd just end up buying a fraction of a Bitcoin.
Sounds like you're new, start with the following FAQ and Bitcoin 101 info:
Some good places to buy are:
Some good wallets to store Bitcoin:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Here's a few bits to get you started :)
/u/changetip 1000 bits
For Android I strongly recommend Mycelium.
Make multiple paper wallets and start your long term savings. (Http://bitcoinpaperwallet.com)
Install a mobile wallet and spend Bitcoin at places that accept Bitcoin. (Android: mycelium; apple: breadwallet)
In the USA buy and replenish Bitcoin from http://Circle.com or http://Coinbase.com. Don't use their wallets - transfer to your paper and mobile wallets as soon as they give it to you.
Don't try and convince your friends to use Bitcoin. Instead, if it's your turn to pay choose a place that accepts Bitcoin and then pay with Bitcoin. Answer your friends' questions if they ask. Don't be a cheerleader.
On the previous note, ask places that do not accept Bitcoin when they will start accepting Bitcoin.
Just start living daily with Bitcoin and the rest will come with experience.
Edit: typos and software recommendations
This:
> Are there any sites that require little to no verification?
is at odds with this:
> the price markups are too high
Fundamentally, you pay a premium for the privacy.
There are a few other sites which offer purchases with little verification: paxful, mycelium, bitpanda, wex. They all charge more than sites that check your ID.
Apart from your parents, do you know any other adults who you trust who would help you? Your best bet is probably to negotiate with your parents. Try to assure them you're saving money and it's not for drugs. Maybe offer to have a multisig wallet (eg Copay), where they have to sign off on your transactions.
I'd recommend the following as they offer both good security and usability:
Just be sure to follow the appropriate backup procedure for whatever wallet you choose.
Use a wallet in which you control the keys to and no one can close your 'account' as opposed to a third party like Coinbase or Xapo. I'd recommend any of the following:
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
I recommend Airbitz as it is both user friendly, offers a lot of great features and has good security. That said, the following are all pretty decent for new users:
Just remember to do the appropriate backup procedure for whatever wallet you choose.
The fee was actually 34 cents and as someone else mentioned Circle pays the transaction fees. The reason your $60 of BTC lost $1.07 in value is likely due to a change in the bitcoin price. If you check your Circle wallet the amount of bitcoin sent should be the same.
That said, the following wallets are recommend as they let you control your private keys and have fee setting options:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
You have a typo there I guess. Or did you not mean Mycelium. ;)
<sigh> Repeat after me everyone: "Don't leave your money on an exchange."
If you don't control the keys you don't own the Bitcoin.
Advice to OP - all you need is regular wallet that you control and you can keep it in there as long as you want without any fees or third party messing with it. I recommend the following which should be fine for 1 BTC:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose and keep it safe - this is important!
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Where to buy:
We can't really tell you when a good time to buy is as it's largely speculative but if you believe in the long term success of bitcoin then the price will need to be significantly higher than it is now, thus now would be as good a time as any to buy. Also, don't invest more than you can afford lose.
Last I checked it was 1% which is reasonable since their rate is normally cheaper or same price as alternatives.
/r/Bitcoin/comments/47du4i/coinbase_effectively_closed_my_account_any_other/d0c6tqv
Some good places to buy are:
Here's a few bits to get you started :)
/u/changetip $0.99
Edit: You'll also want to get yourself a good wallet for storing those bitcoins where you control the private keys, if you don't already have one. Here's a few good options that combine ease of use with security:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Edit2: Here's some Bitcoin 101 info if your curious:
Let us know if you have any questions.
Here's some info and links to help you out. Start with the following FAQ and Bitcoin 101 info:
Some good places to buy are:
Armory is a solid wallet but might be overkill for a noob just getting started, also development is in limbo right now. I'd recommend trying out some of the following wallets which are more user friendly and convenient, don't require a full download of the blockchain and lets you control your private keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Here's my Bitcoin starter pack :)
Start with the following FAQ and Bitcoin 101 info:
Some good places to buy are:
Or check here for more brokers or exchanges:
https://www.buybitcoinworldwide.com/
Some good wallets to store Bitcoin:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Well there are plenty of wallets that don't ask for your private info if that's what you're getting at? Here's a few good ones:
Just make sure you write down the appropriate backup info for each one since you are responsible for the private keys as opposed to a third party wallet like Coinbase or Circle.
Fastest and easiest methods: LibertyX, BitQuick.co, finding a local Bitcoin ATM/BTM/vending machine (or Google "bitcoin atm map" for other map sites), you already know about LBC, the Buy / Sell feature of the Android Mycelium wallet, and 247Exchange.
The most common methods are probably Circle and Coinbase (and Coinbase Exchange), but as you mentioned, these require lots of verification. There are also newer options such as itBit exchange, Coin Cafe, or options like Snapcard and ChangeTip which may allow you to buy small amounts instantly.
This site lists more general options, but some of the listed choices are out of date, and the list is still not comprehensive.
It depends.
If you want long-term offline storage, I'd look into the various hardware wallets (Trezor, Ledger, Case).
For daily use, if you have an android-powered smartphone, I'd recommend Mycelium. For iOS, I'd recommend breadwallet.
You can also check out bitaddress.org if you're interested in paper wallets. If you choose this, I'd recommend using an offline computer (old laptop, raspberry pi, etc.) to generate the wallets and preferably a basic, non-wifi USB printer to print them.
Hope this helps!
Buy locally, with Mycelium for Android.
Only buy Bitcoin.
Learn more about Bitcoin.
Quick Bitcoin intro: https://youtu.be/3wQVZOjxa5w
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
CEO buys $425 million in BTC to hold permanently as a reserve asset. Goal to establish the Bitcoin standard. https://www.coindesk.com/microstrategy-ceo-michael-saylor-bitcoin
The Bitcoin Standard: https://youtu.be/1WBrdLQhUrg
Stock to flow theory: https://digitalik.net/btc/sf_model/
In depth Bitcoin intro: https://youtu.be/l1si5ZWLgy0
r/BitcoinBeginners r/Bitcoin
Bitcoin is the next Bitcoin: https://youtu.be/p0ftZgCEZos
Every altcoin chart looks like same when priced in Bitcoin: https://www.reddit.com/r/Bitcoin/comments/jl4mx2/every_altcoin_chart_looks_the_same_when_priced_in
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. I recommend the cash app for its 2% purchase fees and free withdrawals. Then withdraw your Bitcoin to your own non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your money and not where someone else is holding your money, like the cash app where you bought it from.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it from.
I recommend using Mycelium Bitcoin wallet for Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work. Don't day trade Bitcoin. Just buy and hold forever. There's so many people ~8 billion and only 21 million BTC. Bitcoin to infinity.
Bitcoin is the first truly scarce digital asset. Bitcoin is digital gold. https://digitalik.net/btc/sf_model/
Spend Bitcoin here: https://Purse.io - buy anything from Amazon using Bitcoin and name your own discount. I usually do a 20-25% discount.
Here's repository of stores that accept Bitcoin: https://www.acceptedhere.io/
When spending your Bitcoin, there's a transaction fee. (It goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your payment. You'll set the transaction fee when sending a payment from your Bitcoin wallet. (Hopefully Mycelium)
If you want to learn everything else about Bitcoin: https://www.lopp.net/bitcoin-information/getting-started.html
And read The Bitcoin Standard: https://www.amazon.com/dp/1119473861
Plus there's a second layer called the Bitcoin lightning network. Free and instant transfers based on Bitcoin. https://en.m.wikipedia.org/wiki/Lightning_Network#:~:text=The%20Lightning%20Network%20is%20a,to%20the%20bitcoin%20scalability%20problem.
Phoenix wallet is the best Bitcoin lightning network wallet. https://play.google.com/store/apps/details?id=fr.acinq.phoenix.mainnet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting fuckery that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
If everyone who deposited their Bitcoin asked for it back all at once, these crypto banks would collapse. It's the same as regular banking. The reason you buy Bitcoin is to avoid all that bullshit.
Not your keys, not your coins.
This sub is dedicated to a bitcoin mobile wallet, Mycelium. You may want to try /r/mycology.
This sub is dedicated to a bitcoin mobile wallet, Mycelium. You may want to try /r/mycology.
You need to learn more.
Do not use the Bitcoin.com wallet. It is run by scam artists.
Use Mycelium or Electrum or the original Bitcoin wallet.
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
https://play.google.com/store/apps/details?id=org.electrum.electrum&hl=en
https://play.google.com/store/apps/details?id=de.schildbach.wallet&hl=en
You can generate your own Bitcoin public/private key pair using vanitygen.
They did an ico or something blew up in their faces; it was among the trusted when I did it
edit//https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
It has 4
There's a bunch of different wallets, here's a few good ones:
You can find more options here.
Mining is not only still active it is required in order for the network to work, however, mining these days requires dedicated hardware to be at all profitable.
Here's a list of some good wallets where you control the keys and don't require you to download the blockchain:
Just make sure you follow the appropriate backup procedure for whichever wallet you choose.
Here's a list of some good wallets where you control the keys and have a good mix of both security and usability:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
> Is it safe? I mean, they can see only your BC address, but can't it be associated with your IP address, since the blockchains are storing all the datas in public? Isn't your IP address visible when you are making connection to your wallet?
Your IP address is not part of the transaction, so in this regard, bitcoin is safe. However, keeping anonymous is harder than most believe. If your life depends on your anonymity while using bitcoin, for example if you live under an oppressive regime, you really have to know what you're doing.
> Can anybody make transaction on my behalf if they know my private address?
Private key, and yes. "Knowledge of the private key, or keys", is synonymous with "having control over the bitcoins sent to the corresponding addresses".
> How are the wallets stored on my computer in safe? Encrypted and rotected with password?
Most wallet software encrypt the wallet-files using a password you supply. If you plan on using your PC/Mac, use Electrum. Using a smartphone or tablet is probably the better solution for most people, because they are inherently more secure devices. I recommend for Android Mycelium and for iOS Breadwallet. Make sure to backup the recovery seeds before using the wallet. You have to have self discipline to not install every crap-app that comes along, or you can use some left over old smartphone reset to factory settings with only the wallet app installed.
> In what ratio you get if you find the block with a goldmining program, depending on what? Is it worth to mine BitCoin regarding to the system requirement and to the cosuming? What is the minimum spec from it is worth to mine? If it is worth for a medium PC, then which programs are the best to that (with a medium PC)?
Forget mining.
> might it be a good idea to keep the money in Gemini and see if it grows in value before cashing out?
Yes, it could be a good idea to hold on to your bitcoins as there are a lot of people around that think the price will continue it's run up over the next year. Here's one such article, but of course, nothing is guaranteed.
As for using Gemini, it's a legit exchange for buying and selling bitcoin, although you might run into issues if they suspect the bitcoin came from a gambling site but you might need to look into that more.
If you're going to hold on to the bitcoins though then you should keep them in your own wallet that you control and not on an exchange. Exchanges aren't meant for long term storage.
Check out the following wallets to move your bitcoins to:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Also, check out the following newcomers thread for more info:
https://www.reddit.com/r/Bitcoin/comments/533fxl/rbitcoin_faq_newcomers_please_read/
Download and install one of these on your mobile phone or desktop, and you have bitcoin wallet.
The first thing to do is to setup a wallet you control and move the bitcoins to it. I'd recommend any of the following which offer both usability and security:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Once you have them in your wallet, you'll need to either find a place to sell them like Coinbase.com, Circle.com, Localbitcoins.com, or a number of different exchanges OR buy stuff directly with bitcoin OR hold on to them as their value increases over time.
Airbitz may be a good option for you since they integrate a buy/sell bitcoins feature via Gildera which allows you to transfer to a bank account.
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
You probably should have sent it to your own wallet that you control rather than another broker service that is subject to AML/KYC regulation. Also, if you're already buying from Coinbase, there isn't much need to go to a BTM or Circle... very confusing. Coinbase, Circle, and BTMs are for buying, try using one of the following wallets for storing your bitcoins after you've bought them:
Bitcoin is going through a period of very high volatility. It's very difficult to know how much Bitcoin is going to be enough for $97. You might want to get as much as €125 worth of Bitcoin to be sure you still have $97 by the time you make the payment. There's also the possibility that you'll end up with more than you paid for, since the trend seems to be up at the moment.
So your first step is to find an exchange where you can buy bitcoin. In the EU, two good options are https://kraken.com/ and http://bitstamp.net/. Circle, Coinbase, Safello and Coinimal are also all in good standing. Any of them will require you to submit copies of government ID before you send euros via a bank transfer.
So once your verified (which can take a few daeys), you need to transfer euros, for example with a SEPA payment. This will also take a day or two, unless you're lucky enough to use the same bank as the exchange uses.
When your euros are on the exchange, it's time to buy the bitcoins. You can either make a bid below the market price, and hope the market moves in your direction, or you can buy at the market price. Once you make the trade, the exchange will show that you have a Bitcoin balance.
Now you can get on with your online purchase. Ask the merchant to send the Bitcoin address and the amount in Bitcoin he wants to receive. He should tell you how many Bitcoin he thinks $97 is worth, and you check and see if you agree. You can then make a withdrawal from the exchange directly to the merchants address. After a few minutes, he should see that payment was made, and once he has seen enough confirmations in the blockchain, he can send the goods.
It's a good idea to install a mobile wallet and move your bitcoins onto your phone before you send them to the merchant. This can make refunds simpler.
If you're in a hurry and don't want to wait for the ID verification or bank transfers, you can try buying Bitcoin with cash by using the Local Trader functionality in Mycelium. The app helps you link up with someone nearby who is selling for cash, and you could have your bitcoins in a couple of hours instead of six days, but you end up paying slightly more for the privilege (like 5%). localbitcoins.com has other high-speed high-price options.
Some good places to buy are:
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
MultiBit is a decent wallet option. I also like the following wallets which provide a good combination of usability and security, and you control the private keys:
Just be sure to follow the appropriate backup procedures for whatever wallet you choose.
No, it's not a good idea to use it as your main spending wallet, just use Coinbase to buy from and then transfer to a wallet where you control the keys. Here are some good options:
Just make sure you follow the appropriate backup procedure for whatever wallet you choose.
It looks like someone is trying to login to your account and likely entering the wrong password or perhaps change the password, thus the reason for all the 'confirm email' requests... I don't know, but you picked a pretty terrible wallet to store your Bitcoin in. If you can get access to your wallet again, I'd move them out of there and into one where you control the keys and has better security then that shit site.
I'd recommend the following:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
If you insist on $10, you basically need to find someone that has bitcoin and is willing to sell to you. Common ways to do this include LocalBitcoins, Paxful, the Android Mycelium wallet's Buy/Sell feature, going to a local Bitcoin meetup / Bitcoin embassy or center to exchange at a 'Satoshi Square', or by looking for or posting an ad in the local Craig's List / Backpage / other regional classified ads service.
If you can go up to $50, you can search for a local LibertyX location.
Trezor is certainly a good option if you want to store a large amount of Bitcoin, but if you're looking at smaller amounts then I'd recommend a mobile wallet that you control the private keys. Coinbase is fine for buying, but I wouldn't store my bitcoin with them.
Here's a list of some good wallets where you control the keys and offer a good mix of both usability and security:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
No problem, although I should point out that you may not want to use Coinbase as a wallet, it's fine for short term and they're good for buying, but eventually you'll want a wallet where you are in control of the keys, otherwise they're no different than a bank.
Here's a list of some good wallets to check out:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Move away from blockchain.info. Practically anything is better than that. If you're using mobile, give Mycelium on Android or Breadwallet on iOS a try. On desktop, try Multibit or Electrum.
For cold storage, you could print off some paper wallets, but make sure you use durable materials and generate them when you're not connected to the internet.
If you want to get really fancy, you could get yourself a hardware wallet like the Trezor or the Ledger.
As with everything Bitcoin, research the crap out of it, test if everything works and make secure offline backups (no screenshots or pictures or documents on dropbox).
Direct download (Android): https://www.mycelium.com/download/apk/mbw-prodnet-release-2.6.0build26004.apk
Play store: https://play.google.com/store/apps/details?id=com.mycelium.wallet
You don't really need Bitcoin Core, there are some better wallets recommended below. That said, here's my Bitcoin starter pack to help you understand better :)
Start with the following FAQ and Bitcoin 101 info:
Some good places to buy are:
Some good wallets to store Bitcoin:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Mobile wallets are actually pretty good and offer a good balance of security and usability. Just be sure to follow the appropriate backup procedures for whatever one you use. The following are good choices:
Here's a list of some good wallets to try:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
You can buy Bitcoins from the following places:
A Satoshi is the smallest unit of a Bitcoin (100 million satoshis = 1 bitcoin). There are also "bits" which is a millionth of a Bitcoin (1 million bits = 1 bitcoin). Here's a handy conversion calculator to figure out the different units of account in comparison to USD.
Here's a list I made earlier on ways to earn Bitcoin.
Here's a few bits to get you started :) /u/changetip 1000 bits
The best way to learn about Bitcoin is to use it. Setup one of the recommended mobile wallets, then try transferring some of the bits I gave you from your ChangeTip wallet to your mobile wallet.
Hope that helps.
The following video is the best getting started guide I've seen; It goes over how to actually USE Bitcoin without getting too technical:
Of course the best way to learn Bitcoin is to actually use it. Try downloading one of the following wallets to your mobile phone:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Then try transferring the bits I give you from your ChangeTip to whatever wallet you choose.
/u/changetip 1000 bits
Let us know if you have further questions :)
Just make sure you follow the appropriate backup procedures for whatever wallet you use.
Think of it like email which is a protocol for sending and receiving messages. There is no one business that provides email, there are a whole bunch like Gmail, Yahoo, AOL for example that use the email protocol.
Well Bitcoin is a protocol and businesses like Coinbase, Circle.com, ChangeTip.com, etc are services that use the bitcoin protocol to buy, send, receive Bitcoins (the currency) between users.
It's a little difficult to understand at first, since the creators didn't do a good job of differentiating between the protocol part of Bitcoin and the currency part of Bitcoin.
Here's a few bits to get you started in the ecosystem :) /u/changetip 5000 bits
I'd recommend trying out a few different bitcoin wallets like Airbitz, Mycelium for Android, Bread Wallet for iPhone, etc and try sending small amounts between them which will help you understand how it works better. Let us know if you have any questions.
The closest place with a two-way that I find on CoinATMRadar is this place:
Location: The Henley Vaporium in Gramercy/Kips Bay
Address:
350 3rd Ave
New York, NY 10010
United States
Open hours:
Mon-Thu: 11:00 am – 10:00 pm
Fri-Sat: 11:00 am – 11:00 pm
Sun: 12:00 pm – 9:00 pm
Fees: 8-13% buy, 5% sell
Their phone number's (917) 932-2825, and this is their Yelp page.
I'd strongly advise calling ahead to make sure the machine's still there and that it's working to sell bitcoin (not to buy) right now.
He could also call the Bitcoincenter at (212) 660-0007 to see if they have suggestions.
If those aren't doable, his best bet is to try LocalBitcoins or the Mycelium Android wallet's Buy / Sell feature (I see several listings on that right now.)
If you're storing less than 1 bitcoin, you should be fine with a mobile wallet on your phone. I like the full-featured Android wallet Mycelium, but the simpler Bitcoin Wallet is a good option for beginners. Greenaddress offers some impressive features, such as daily limits, but I'm not convinced by the useability. All of these are open source.
If you're storing more, you should look at paper wallets or investing in hardware like a Trezor or Ledger Wallet. As a rule, don't store more in your phone than you would keep in your physical wallet.
Locally, with Mycelium for Android.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Video Summary
The Bitcoin Standard - Best Quotes
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Video Summary
The Bitcoin Standard - Best Quotes
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Video Summary
The Bitcoin Standard - Best Quotes
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Some things that seem to be latest public actions:
12th.Dec.2016 "If your are interested in adding exchange support for MT, please let @BittrexExchange know. They're trying to gague interest." https://twitter.com/MyceliumCom/status/808372764272979968
16th.Dec.2016 was latest on here https://news.wallet.mycelium.com/news/ (expired cert)
6th.Feb.2017 Android wallet got updated https://play.google.com/store/apps/details?id=com.mycelium.wallet
Nope, just a matter of installing one like any other app. Check out the following for some good wallet options:
I'd recommend starting off by getting a wallet first and messing around with it by sending and receiving a small amount of bitcoins so you get a hang of actually using it.
I personally use and recommend Airbitz wallet but all of the following wallets are good for noobs, have good usability, and secure:
If you download one of the above wallets and PM me your receiving address, I'll send you a small amount to play around with :)
After that, you can buy Bitcoin from exchanges like Coinbase.com or Gemini.com, or Localbitcoins is good if you want to retain anonymity but you'll pay a higher price.
Use a wallet that lets you control the private keys. Here's some good options:
Just make sure to follow the appropriate backup procedures for whatever wallet you choose.
Acquire a hardware wallet: Trezor, Ledger Nano S, KeepKey etc. are all excellent & secure cold storage devices. Buy a small amount of Bitcoin for now, ie: £10 to play with on MyTrezor until you are comfortable with the process. I imported my Trezor wallet as a watch-only wallet into Mycelium on Android so I can easily keep an eye on it and also transfer funds on the go. BittyBot is a good place to find the cheapest coins.
The newcomers thread and FAQ is a good place to get started:
https://www.reddit.com/r/Bitcoin/comments/533fxl/rbitcoin_faq_newcomers_please_read/
Also, I think one of the best ways to learn is to just start using it by downloading a wallet and sending/receiving small amounts of bits.
I'd recommend the following wallets as they offer both good security and usability:
Once you pick a wallet and get it setup, PM your receiving address and I'll send you some bits for you to play around with :)
Some good places to buy are:
You can also buy from wallets with integrated buying features such as Airbitz and Mycelium wallet.
Here are few choices:
Others that are popular but I don't personally use or recommend very much:
Some good places to buy are:
You can also buy from wallets with integrated buying features such as Airbitz and Mycelium wallet.
Check /r/bitcoingames for some good suggestions on getting bitcoins and other crypto game assets from games.
The easiest ways to exchange USD to Bitcoin is using a broker service like Circle.com or Coinbase.com but there's other ways like Bitcoin ATMs or actual exchanges.
Bitcoin miners are using high end hardware to solve a mathematical problem and if they solve it first they get bitcoin and profit. We don't know if there will be another boom but it is looking pretty bullish lately. That said, bitcoin is experimental and risky, so don't put in more money than you can afford to lose should you choose to invest.
Check out the following noob info:
Also, might be best to start with downloading a basic wallet and checking it out, like one of the following:
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Coinbase is legit and fine to buy bitcoins from. Coinbase also is a wallet which you could store your bitcoin but it is generally not recommended since they have control of the keys. The Blockchain.info wallet is slightly better but also not recommended since they have had a lot of security issues in the past.
Here's a few good wallets that let you control your private keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Circle.com is a pretty easy way to buy bitcoins as an alternative to Coinbase and cheap.
As for setting up your own wallet, it's as easy as downloading the wallet app and making sure you back it up properly. Here's a few that you might want to check out that provide both usability and security:
Step 1) Buy bitcoins. Here's some good options:
Step 2) Set up a wallet. Here's some good options:
Make sure to follow the appropriate backup procedure for whatever wallet you choose.
Step 3) Send bitcoins from the place you bought to your wallet.
I've always heard good things about mycileum I think it's called on the google play store.
edit I spelled it wrong, https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
If the phone is not rooted (that's not really secure) i'd suggest
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=nl
Mycelium.
Some good places to buy are:
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
I use a Ledger wallet and it works great, would recommend. Also, if you're just storing a small amount of coins then a decent mobile wallet would probably be fine so long as it's backed up properly. Check out the following:
Coinbase is only good for buying, don't use them as your regular wallet. I'd recommend the following which offer both usability and security for a wallet which you control the keys:
Lol. Why dont you check it yourself?
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
I wouldn't use Coinbase as your main transactional wallet, they are usually fine for buying from, but it'd be better to use a wallet which you control the keys to make payments from. I'd recommend the following:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Also, Circle would be another good place to buy from but the same deal as Coinbase, use them to buy then transfer to a wallet you control for making payments. This way may help to avoid the more invasive questions required by AML and KYC laws.
While Circle is great for buying Bitcoin, I wouldn't use it as your main transactional wallet when sending payments to vendors... especially if you're buying things that would throw up a red flag since Circle could cut you off if it thinks you are doing something illegal... thus, I'd recommend getting a wallet where you control the private keys like one of the following:
Essentially, you'd buy from Circle, send to your own wallet, then send to the vendor.
You're not going to have much luck if you insist on paying via PayPal. They're notorious for finding for the buyer when a dispute arises over a bitcoin purchase, so the seller would be taking a huge risk. If it has to be PayPal, you could buy via Linden Dollars on VirWoX, but the process is not straightforward or cheap (deposit via Paypal > buy Linden Dollars > exchange for bitcoin).
Here are a couple more in-person exchange options: Paxful and the Android version of the Mycelium mobile wallet's Buy / Sell feature.
Another in-person option that doesn't require as much onerous registration as most online methods is LibertyX (check if they have a location near you). LibertyX will likely have the best exchange rate of any option I'm suggesting here, but the minimum buy amount is $50.
If you just want to have the reassurance of using a payment method that has consumer protections, Purse.io is an indirect purchase method that'll allow you to use any payment method accepted by Amazon.
Welcome aboard, here's some info and links to help you out. Start with the following FAQ and Bitcoin 101 info:
Some good places to buy for Australia are:
I'd recommend trying out some of the following wallets which are user friendly, convenient, don't require a full download of the blockchain, and lets you control your private keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Here's a few bits to get you started down the rabbit hole :)
/u/changetip 3000 bits
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Here's some info and links to help you out. Start with the following FAQ and Bitcoin 101 info:
Some good places to buy are:
I'd recommend trying out some of the following wallets which are user friendly, convenient, don't require a full download of the blockchain, and lets you control your private keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Here's a few bits to get you started down the rabbit hole :)
/u/changetip 1000 bits
Since faucet payouts are relatively small amounts, they will be processed with small fees which means they will likely take much longer to confirm, but they should eventually make it to your wallet.
Most wallets use HD (Higher Deterministic) structure which means they'll create a new receiving/public address for each transaction which helps with privacy, but all generated receiving addresses for a wallet will still work indefinitely so it's not something to be concerned about.
Regarding Coinbase, it's a good place to buy Bitcoin but I wouldn't use it as a main wallet - I'd check out some of the following which give you control of your private keys and offer a good mix of usability and security:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
If you have an Android or iOS device, get Mycelium or Breadwallet. For Windows phone, Copay is great.
They're fairly easy to use, and more importantly: they have an excellent, fool-proof backup procedure.
The biggest risk of buying your first bitcoins is messing something up with the wallet software and accidentally losing the bitcoins. By making a proper backup (which you need to do only once with above wallets), preferably before buying the bitcoins, you're safe.
You'll want to store them in a secure wallet where you control the private keys. Here are a few good ones:
If you are storing a large amount, you might also consider a hardware wallet like:
You can find even more wallet options here:
https://bitcoin.org/en/choose-your-wallet
Just make sure you follow the appropriate backup procedure for whatever wallet you choose
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Also, to answer your edit, no you can't mine from a wallet, that's a whole other discussion and quite technical for newbie. If I was you, I'd try out some of the suggested wallets and practice transferring a small amount of bits between them to get the hang of it.
Here's a few bits to get you started down the rabbit hole :)
/u/changetip 1000 bits
Edit: Also, here's a good Bitcoin 101 video which will help to explain things easily.
Edit2: What's with the downvotes?
Unless you have specialized mining hardware and cheap or free electricity, then mining for Bitcoin is going to be waste of time and money for you. You'd be better off just buying Bitcoin outright and waiting for the price to appreciate. That said, if you are insistent on mining, the better place to ask is /r/bitcoinmining.
It sounds like you are not that familar with Bitcoin, so my first suggestion would be to get a better understanding of it first and even use it before diving into the complicated stuff like mining.
Here's some info and links to help you out. Start with the following FAQ and Bitcoin 101 info:
Some good places to buy are:
Some good wallets to store Bitcoin:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Also, here's a few bits to get you started down the rabbit hole :)
/u/changetip 2000 bits
Start with the following FAQ and Bitcoin 101 presentation:
Here's some good places to buy Bitcoin:
Here's some good wallets to try:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
The problem is Iceland government policy:
http://merkletree.io/nation/IS.php
Despite this there are listings at LocalBitcoins, and you could try the Android Mycelium app's Local Trader feature. Otherwise, you might be left with mining.
Best places to buy using cash:
Some good reputable wallets:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Hope that helps :)
If you already have and use bitcoin, it's fast. The delays and regulation when you try to buy bitcoin are all tied to fiat currency regulations and laws. Bitcoin's not really anonymous without a lot of work, though.
247Exchange claims to allow instant buys in most of the world, but I haven't tried them since they're not available in the U.S. You could also try LocalBitcoins, the Mycelium Android wallet's local trader feature, or you could use one of these services to search for a Bitcoin ATM/BTM/vending machine near you.
The era of mining easily to make a profit is basically past. Most individual miners now will lose money.
The best avenue to get bitcoin for most people is to buy them on exchanges, or to exchange goods or services for them.
If you do want to buy and you're in the U.S., try Circle, Coinbase, LibertyX, or search to see if there's a Bitcoin ATM/BTM/vending machine near you. If you're not in the U.S. there's LocalBitcoins, the Mycelium Android wallet's local trader feature, ATMs as mentioned above, Coinbase's service is starting to grow internationally, or I'd just Google "how to buy bitcoins in" and add your country.
> And the tip. I'm, uh, not sure what to do with it
Hehe, fair enough. I generally tip new users to show I appreciate your comment rather than have an expectation you'd use it to buy something immediately. For existing users it just adds to their "stash". It's hard to find something to immediately use such small change for for but I'd give some suggestions:
> I didn't try Circle. ... I guess I just thought I could link my bank account
Circle, Coinbase, and Celery all have various fraud prevention protections built into their services. When you signup they use these processes plus KYC/AML laws to then try to determine how much information they need from an individual to allow a purchase.
In my experience I have been able to do exactly this. I link my bank account and then I'm ready to go.
But I know some people on this sub have run into trouble and needed to provide more information/were denied. This is definitely frustrating but has to do with the reversibility/un-reversibility combo between today's payment systems and bitcoin (plus KYC/AML).
Do note though, once you are setup and "in the system", it's really easy.
After getting myself setup on a few bitcoin vendors/exchanges, I can very easily buy & sell bitcoin without hassle. Since many of my jobs are paid in bitcoin and/or require me to send bitcoin, this makes my life much easier. I'm currently living in Munich and sending money to the states for some of my projects is MUCH MUCH easier through bitcoin since my partners are also setup.
Cheers!
For purchasing BTC, you can try Circle, LibertyX, Bitquick, or the Local Trader feature on the Mycelium wallet for android.
As for converting BTC to Ether, you can Shapeshift for that.
Buy and sell locally with Mycelium for android
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
Yes.
Buy it using the cash app.
Learn about it here https://www.hope.com/en
Spend it here after holding it long enough to go 10x from today. And never spend your whole stack. https://purse.io/shop
Store it using this wallet https://play.google.com/store/apps/details?id=com.mycelium.wallet
When setting up your Bitcoin wallet, the wallet app will give you a 12 word restore phrase. Write it down. Memorize it. Store it safely. That restore phrase can load your BTC onto any trusted device. For maximum security, delete your private keys off your device after your done transacting in BTC. Use the restore phrase to reload your BTC later.
Not your keys, not your coins. Once you buy Bitcoin from a Bitcoin exchange (like the cash app), withdraw it to your non custodial Bitcoin wallet (like the one I linked to earlier - mycelium Bitcoin wallet). Open mycelium. Hit receive. Copy the address. Open the cash app. Tap the Bitcoin logo in the bottom right corner. Tap the send arrow just to the right of buy and sell. Paste the address into the cash app that you copied from mycelium. Triple check the address. The first 4 digits and the last 6 digits too. I recommend using segwit native addresses that start with bc1q. They're cheaper and more efficient.
Just hold your BTC and wait. Don't be tempted to sell at a loss or to harvest early gains by selling. Plan on holding for 4 years minimum no matter what. The price volatility takes some getting used to. Your balance in BTC never changes. It's just the exchange rate that's volatile.
Never give anyone your 12 word restore phrase. That IS your BTC. Never type it into a computer. No pictures. No exceptions. Only scammers will ask you for your 12 word restore phrase. If anyone asks you for it, murder them and move.
Amugy utolso dolog amit hozzafuznek a fenti beszelgetesunkhoz, mert erre nem tertem ki, csak akartam: Hogy mennyire maceras ezt most hasznalni.
Jelen pillanatban sem tul maceras. Ha szeretnel bitcoin wallet-et, felteszed a mobilodra a Myceliumot, az szolni fog neked, hogy csinalj backupot, leirod azt a 12 szot amit mond, es kesz is vagy, onnantol kezdve tudsz fogadni, ha van az egyenlegeden akkor tudsz kuldeni. Van egy send es receive gomb, QR kodot mutat es fotoz be, tulajdonkepp ennel egyszerubb nem is lehet.
Akkor erre szoktak mondani, hogy jo, de magas a tranzkacios dij (most eppen), meg masodpercenkent csak 5-7 tranzkaciot tud kezelni az egesz rendszer ami lofasz, semmi ertelme.
Altalaban ez az a pont ameddig a laikusok jutnak. A mostani allas szerint nem is az alaphalozat az aminek a sok sok pici tranzakciot el kell birnia, mivel jelenleg egy ilyen distributed-ledger eseteben technikailag kivitelezhetetlen, hogy jo hatasfoku legyen, gyors, biztonsagos egyszerre, es felesleges is az osszes starbucksos kave vasarlast rogziteni a blockchainben.
Par eve kezdtek fejleszteni a lightning networkot a bitcoin network fole masodik layer-nek, ami mar jelenleg is tok jol mukodik, lenyegeben ingyen kb 2-3mp alatt lehet bitcoitn kuldeni vele masik vegpontra.
Androidra ha a feltelepited a BLW-t, akkor ez egyben mukodik also layeres bitcoin walletkent es felso layeres lightning walletkent is, en ezt hasznalom mar kb 3 eve es tokeletesen mukodik. Nem volt meg olyan lightning tranzakciom ami ne erkezett volna meg legfeljebb 5mp-en belul, es nem terhelte a blockchaint.
Ennek ellenere mondom, hogy meg ez is csak kiserleti projekt, de perpill konnyebb egy full kivulallonak is ezt feltelepiteni, kuldeni ra btc-t, illetve mint kereskedo implementalni egy webshopba, mint nyitni folyoszamlat, kapni kartyat, uzleti szamlat, implementalni webes bankkartya elfogadast, stb. Es meg mindig nem tart az egesz sehol, de dolgoznak rajta.
Van olyan weblap ahol cikkeket lehet elolvasni kb 2ft/cikk aron, attol fugg a cikk iroja mennyit ker erte, o szabja meg, volt ami 10 filler volt, volt ami 100ft. Rendszeresen fizetek erte, ha valami erdekel. Altalaban technikai cikkek fontos informaciokkal fejlesztoknek. Csak felkapom a telefont, bescannelem a kodot, levonja tolem a 1-10ft-ot es 3mp mulva olvasom is.
Ez a rendszer masodpercenkent tobb millio tranzakciot kepes kezelni anelkul, hogy a blockchain novekedne. Vannak meg hianyossagai, de azert alakul.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart Video (current through 12-16-20).
Today's Bitcoin price with 10yr chart - Always zoom out.
To understand how Bitcoin solves all of the problems with money, read Inventing Bitcoin
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
DCA Investment calculator - Figure out how much you have over time by buying X Bitcoin per month
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin is the Internet of Money
Bitcoin scaling solved with the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Debunking "Blockchain not Bitcoin"
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. I recommend Gemini for larger purchases. I don't recommend buying Bitcoin from inside any Bitcoin wallet. The fees are usually way higher for in-wallet buys.
Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
To withdraw your Bitcoin, open your Bitcoin wallet app, hit receive, copy the address, paste it into your withdrawal dialogue from your Bitcoin exchange where you bought your Bitcoin from. I recommend using Segwit native addresses. They start with bc1q. Segwit native addresses save on fees by saving precious space on the blockchain.
"Not your keys, not your coins." Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
To store your Bitcoin, I recommend using Mycelium Bitcoin wallet for Android. I also recommend using a Hardware wallet for maximum security.
Make sure to write down your 12-24 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it. It's worth memorizing.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%. Also allows users to buy Bitcoin anonymously.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how high to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets. Transactions with the highest fee are added soonest to the blockchain.
I recommend using Bitcoin lightning for instant, nearly free transactions. Phoenix wallet is the best Bitcoin Lightning Network wallet
List of stores that accept Bitcoin Lightning
And finally, a warning from Bitcoiner, Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Hyperbitcoinization is inevitable.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart Video (current through 12-16-20).
Today's Bitcoin price with 10yr chart - Always zoom out.
To understand how Bitcoin solves all of the problems with money, read Inventing Bitcoin
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
DCA Investment calculator - Figure out how much you have over time by buying X Bitcoin per month
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin is the Internet of Money
Bitcoin scaling solved with the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Debunking "Blockchain not Bitcoin"
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. I recommend Gemini for larger purchases. I don't recommend buying Bitcoin from inside any Bitcoin wallet. The fees are usually way higher for in-wallet buys.
Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
To withdraw your Bitcoin, open your Bitcoin wallet app, hit receive, copy the address, paste it into your withdrawal dialogue from your Bitcoin exchange where you bought your Bitcoin from. I recommend using Segwit native addresses. They start with bc1q. Segwit native addresses save on fees by saving precious space on the blockchain.
"Not your keys, not your coins." Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
To store your Bitcoin, I recommend using Mycelium Bitcoin wallet for Android. I also recommend using a Hardware wallet for maximum security.
Make sure to write down your 12-24 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it. It's worth memorizing.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%. Also allows users to buy Bitcoin anonymously.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how high to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets. Transactions with the highest fee are added soonest to the blockchain.
I recommend using Bitcoin lightning for instant, nearly free transactions. Phoenix wallet is the best Bitcoin Lightning Network wallet
List of stores that accept Bitcoin Lightning
And finally, a warning from Bitcoiner, Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Hyperbitcoinization is inevitable.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Investment calculator - Figure out how much you have over time by buying X Bitcoin per month
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Investment calculator - Figure out how much you have over time by buying X Bitcoin per month
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin isn't a stock. It sounds like you don't know about Bitcoin. Please partake.
To answer your question, yes, if I had a trillion dollars, I would put it all into Bitcoin. Check out Michael Saylor. He's a billionaire going 100% Bitcoin.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Investment calculator - Figure out how much you have over time by buying X Bitcoin per month
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
When was the last time you updated your data?
New renewable plants produce energy at half the cost of new fossil fuel plants.
Again, you're missing the point.
People are going to mine Bitcoin no matter what you do. Cancel culture doesn't affect Bitcoin.
The only decision you have to make is whether you want to hold the hardest money ever produced.
Well, the value of the dollar is zero compared to Bitcoin. So over time, the price of Bitcoin in dollars will go to infinity. As this happens, Bitcoin will absorb all or nearly all the value from the dollar and every other shitty fiat currency with an infinite supply cap.
Why is Bitcoin different? Only Bitcoin guarantees a fixed supply cap. There's only ever going to be 21 million BTC for all 8 billion of us. THIS CANNOT CHANGE. Any changes must be adopted by the majority of Bitcoin miners. This optimizes Bitcoin over time to be the optimum store of value. No negative changes will be accepted by the Bitcoin network.
It's impossible to inflate Bitcoin. Meanwhile every single country is printing their money to actual oblivion.
You need to buy as much Bitcoin as you can, and you need to learn as much about Bitcoin as you can. I'm literally warning you right now. The world is rapidly switching to a Bitcoin standard from the dollar standard.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin is easy. Just buy. Never sell. Buy stuff later with Bitcoin.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Best Quotes
The Bitcoin Standard - Video Summary
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin has gone from being completely worthless to being worth a trillion dollars in a decade.
In the next decade Bitcoin will appreciate so quickly that people will choose to buy Bitcoin instead of buying investment houses.
Money doesn't need intrinsic value. In fact Bitcoin is pure monetary value, no intrinsic value needed.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Video Summary
The Bitcoin Standard - Best Quotes
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
That's not how it works. Here:
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Video Summary
The Bitcoin Standard - Best Quotes
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
testiclespectacles2 said:
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Video Summary
The Bitcoin Standard - Best Quotes
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Video Summary
The Bitcoin Standard - Best Quotes
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Video Summary
The Bitcoin Standard - Best Quotes
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Sign up at Gemini. Buy Bitcoin there. Then withdraw it to a non custodial Bitcoin wallet.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
You Don't Need to Buy a Whole Bitcoin
Billionaire CEO Buys $425 Million in BTC
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Behold my copypasta:
Learn more about Bitcoin.
Quick Bitcoin intro: https://youtu.be/3wQVZOjxa5w
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
CEO buys $425 million in BTC to hold permanently as a reserve asset. Goal to establish the Bitcoin standard. https://www.coindesk.com/microstrategy-ceo-michael-saylor-bitcoin
The Bitcoin Standard: https://youtu.be/1WBrdLQhUrg
Stock to flow theory: https://digitalik.net/btc/sf_model/
In depth Bitcoin intro: https://youtu.be/l1si5ZWLgy0
r/BitcoinBeginners r/Bitcoin
Bitcoin is the next Bitcoin: https://youtu.be/p0ftZgCEZos
https://www.lynalden.com/misconceptions-about-bitcoin/
Every altcoin chart looks like same when priced in Bitcoin: https://www.reddit.com/r/Bitcoin/comments/jl4mx2/every_altcoin_chart_looks_the_same_when_priced_in
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. I recommend the cash app for its 2% purchase fees and free withdrawals. Then withdraw your Bitcoin to your own non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your money and not where someone else is holding your money, like the cash app where you bought it from.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it from.
I recommend using Mycelium Bitcoin wallet for Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work. Don't day trade Bitcoin. Just buy and hold forever. There's so many people ~8 billion and only 21 million BTC. Bitcoin to infinity.
Bitcoin is the first truly scarce digital asset. Bitcoin is digital gold. https://digitalik.net/btc/sf_model/
Spend Bitcoin here: https://Purse.io - buy anything from Amazon using Bitcoin and name your own discount. I usually do a 20-25% discount.
Here's repository of stores that accept Bitcoin: https://www.acceptedhere.io/
When spending your Bitcoin, there's a transaction fee. (It goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your payment. You'll set the transaction fee when sending a payment from your Bitcoin wallet. (Hopefully Mycelium)
If you want to learn everything else about Bitcoin: https://www.lopp.net/bitcoin-information/getting-started.html
And read The Bitcoin Standard: https://www.amazon.com/dp/1119473861
Plus there's a second layer called the Bitcoin lightning network. Free and instant transfers based on Bitcoin. https://en.m.wikipedia.org/wiki/Lightning_Network#:~:text=The%20Lightning%20Network%20is%20a,to%20the%20bitcoin%20scalability%20problem.
Phoenix wallet is the best Bitcoin lightning network wallet. https://play.google.com/store/apps/details?id=fr.acinq.phoenix.mainnet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting fuckery that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
If everyone who deposited their Bitcoin asked for it back all at once, these crypto banks would collapse. It's the same as regular banking. The reason you buy Bitcoin is to avoid all that bullshit.
Not your keys, not your coins.
Learn more about Bitcoin.
Quick Bitcoin intro: https://youtu.be/3wQVZOjxa5w
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
CEO buys $425 million in BTC to hold permanently as a reserve asset. Goal to establish the Bitcoin standard. https://www.coindesk.com/microstrategy-ceo-michael-saylor-bitcoin
The Bitcoin Standard: https://youtu.be/1WBrdLQhUrg
Stock to flow theory: https://digitalik.net/btc/sf_model/
In depth Bitcoin intro: https://youtu.be/l1si5ZWLgy0
r/BitcoinBeginners r/Bitcoin
Bitcoin is the next Bitcoin: https://youtu.be/p0ftZgCEZos
https://www.lynalden.com/misconceptions-about-bitcoin/
Every altcoin chart looks like same when priced in Bitcoin: https://www.reddit.com/r/Bitcoin/comments/jl4mx2/every_altcoin_chart_looks_the_same_when_priced_in
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. I recommend the cash app for its 2% purchase fees and free withdrawals. Then withdraw your Bitcoin to your own non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your money and not where someone else is holding your money, like the cash app where you bought it from.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it from.
I recommend using Mycelium Bitcoin wallet for Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work. Don't day trade Bitcoin. Just buy and hold forever. There's so many people ~8 billion and only 21 million BTC. Bitcoin to infinity.
Bitcoin is the first truly scarce digital asset. Bitcoin is digital gold. https://digitalik.net/btc/sf_model/
Spend Bitcoin here: https://Purse.io - buy anything from Amazon using Bitcoin and name your own discount. I usually do a 20-25% discount.
Here's repository of stores that accept Bitcoin: https://www.acceptedhere.io/
When spending your Bitcoin, there's a transaction fee. (It goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your payment. You'll set the transaction fee when sending a payment from your Bitcoin wallet. (Hopefully Mycelium)
If you want to learn everything else about Bitcoin: https://www.lopp.net/bitcoin-information/getting-started.html
And read The Bitcoin Standard: https://www.amazon.com/dp/1119473861
Plus there's a second layer called the Bitcoin lightning network. Free and instant transfers based on Bitcoin. https://en.m.wikipedia.org/wiki/Lightning_Network#:~:text=The%20Lightning%20Network%20is%20a,to%20the%20bitcoin%20scalability%20problem.
Phoenix wallet is the best Bitcoin lightning network wallet. https://play.google.com/store/apps/details?id=fr.acinq.phoenix.mainnet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting fuckery that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
If everyone who deposited their Bitcoin asked for it back all at once, these crypto banks would collapse. It's the same as regular banking. The reason you buy Bitcoin is to avoid all that bullshit.
Not your keys, not your coins.
Learn more about Bitcoin.
Quick Bitcoin intro: https://youtu.be/3wQVZOjxa5w
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
CEO buys $425 million in BTC to hold permanently as a reserve asset. Goal to establish the Bitcoin standard. https://www.coindesk.com/microstrategy-ceo-michael-saylor-bitcoin
The Bitcoin Standard: https://youtu.be/1WBrdLQhUrg
Stock to flow theory: https://digitalik.net/btc/sf_model/
In depth Bitcoin intro: https://youtu.be/l1si5ZWLgy0
r/BitcoinBeginners r/Bitcoin
Bitcoin is the next Bitcoin: https://youtu.be/p0ftZgCEZos
Every altcoin chart looks like same when priced in Bitcoin: https://www.reddit.com/r/Bitcoin/comments/jl4mx2/every_altcoin_chart_looks_the_same_when_priced_in
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. I recommend the cash app for its 2% purchase fees and free withdrawals. Then withdraw your Bitcoin to your own non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your money and not where someone else is holding your money, like the cash app where you bought it from.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it from.
I recommend using Mycelium Bitcoin wallet for Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work. Don't day trade Bitcoin. Just buy and hold forever. There's so many people ~8 billion and only 21 million BTC. Bitcoin to infinity.
Bitcoin is the first truly scarce digital asset. Bitcoin is digital gold. https://digitalik.net/btc/sf_model/
Spend Bitcoin here: https://Purse.io - buy anything from Amazon using Bitcoin and name your own discount. I usually do a 20-25% discount.
Here's repository of stores that accept Bitcoin: https://www.acceptedhere.io/
When spending your Bitcoin, there's a transaction fee. (It goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your payment. You'll set the transaction fee when sending a payment from your Bitcoin wallet. (Hopefully Mycelium)
If you want to learn everything else about Bitcoin: https://www.lopp.net/bitcoin-information/getting-started.html
And read The Bitcoin Standard: https://www.amazon.com/dp/1119473861
Plus there's a second layer called the Bitcoin lightning network. Free and instant transfers based on Bitcoin. https://en.m.wikipedia.org/wiki/Lightning_Network#:~:text=The%20Lightning%20Network%20is%20a,to%20the%20bitcoin%20scalability%20problem.
Phoenix wallet is the best Bitcoin lightning network wallet. https://play.google.com/store/apps/details?id=fr.acinq.phoenix.mainnet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting fuckery that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
If everyone who deposited their Bitcoin asked for it back all at once, these crypto banks would collapse. It's the same as regular banking. The reason you buy Bitcoin is to avoid all that bullshit.
Not your keys, not your coins.
Das Sub hier ist absoluter Cancer wenn es um Crypto geht. Hier bist Du nur ein Held, wenn Du jeden Monat 3k netto verdienst und alles in Immobilien / ETF / Indexfonds ballerst.
In aller Kürze ein paar Beispiele für Neueinsteiger.
1. Bitcoin verstehen
(niemals <strong>Bitcoin.com</strong>; Die Seite hat sich ein Scammer geschnappt, ja ernsthaft)
/r/bitcoin hat ebenfalls gute Starter Stickies
2. Bitcoin kaufen
3. Bitcoin eigenständig verwalten
a. Software Wallet für die ersten investierten Euro
z.B. via Android Wallet Mycelium
b. Für größere Beträge via Hardware Wallet
​
Wenn Du dich mit den vorbezeichneten Ressourcen vertraut gemacht hast, dann hast Du die Mittel um dich von hier an eigenständig weiterbilden zu können. Enjoy.
Learn everything about Bitcoin.
Quick Bitcoin intro: https://youtu.be/3wQVZOjxa5w
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
CEO buys $425 million in BTC to hold permanently as a reserve asset. Goal to establish the Bitcoin standard. https://www.coindesk.com/microstrategy-ceo-michael-saylor-bitcoin
The Bitcoin Standard: https://youtu.be/1WBrdLQhUrg
In depth Bitcoin intro: https://youtu.be/l1si5ZWLgy0
r/BitcoinBeginners r/Bitcoin
Bitcoin is the next Bitcoin: https://youtu.be/p0ftZgCEZos
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. I recommend the cash app for its 2% purchase fees and free withdrawals. Then withdraw your Bitcoin to your own non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your money and not where someone else is holding your money, like the cash app where you bought it from.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it from.
I recommend using Mycelium Bitcoin wallet for Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work. Don't day trade Bitcoin. Just buy and hold forever. There's so many people ~8 billion and only 21 million BTC. Bitcoin to infinity.
Bitcoin is the first truly scarce digital asset. Bitcoin is digital gold. https://digitalik.net/btc/sf_model/
Spend Bitcoin here: https://Purse.io - buy anything from Amazon using Bitcoin and name your own discount. I usually do a 20-25% discount.
Here's repository of stores that accept Bitcoin: https://www.acceptedhere.io/
When spending your Bitcoin, there's a transaction fee. (It goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your payment. You'll set the transaction fee when sending a payment from your Bitcoin wallet. (Hopefully Mycelium)
If you want to learn everything else about Bitcoin: https://www.lopp.net/bitcoin-information/getting-started.html
And read The Bitcoin Standard: https://www.amazon.com/dp/1119473861
Plus there's a second layer called the Bitcoin lightning network. Free and instant transfers based on Bitcoin. https://en.m.wikipedia.org/wiki/Lightning_Network#:~:text=The%20Lightning%20Network%20is%20a,to%20the%20bitcoin%20scalability%20problem.
Phoenix wallet is the best Bitcoin lightning network wallet. https://play.google.com/store/apps/details?id=fr.acinq.phoenix.mainnet
Learn more about Bitcoin.
Quick Bitcoin intro: https://youtu.be/3wQVZOjxa5w
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
CEO buys $425 million in BTC to hold permanently as a reserve asset. Goal to establish the Bitcoin standard. https://www.coindesk.com/microstrategy-ceo-michael-saylor-bitcoin
The Bitcoin Standard: https://youtu.be/1WBrdLQhUrg
In depth Bitcoin intro: https://youtu.be/l1si5ZWLgy0
r/BitcoinBeginners r/Bitcoin
Bitcoin is the next Bitcoin: https://youtu.be/p0ftZgCEZos
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. I recommend the cash app for its 2% purchase fees and free withdrawals. Then withdraw your Bitcoin to your own non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your money and not where someone else is holding your money, like the cash app where you bought it from.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it from.
I recommend using Mycelium Bitcoin wallet for Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work. Don't day trade Bitcoin. Just buy and hold forever. There's so many people ~8 billion and only 21 million BTC. Bitcoin to infinity.
Bitcoin is the first truly scarce digital asset. Bitcoin is digital gold. https://digitalik.net/btc/sf_model/
Spend Bitcoin here: https://Purse.io - buy anything from Amazon using Bitcoin and name your own discount. I usually do a 20-25% discount.
Here's repository of stores that accept Bitcoin: https://www.acceptedhere.io/
When spending your Bitcoin, there's a transaction fee. (It goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your payment. You'll set the transaction fee when sending a payment from your Bitcoin wallet. (Hopefully Mycelium)
If you want to learn everything else about Bitcoin: https://www.lopp.net/bitcoin-information/getting-started.html
And read The Bitcoin Standard: https://www.amazon.com/dp/1119473861
Plus there's a second layer called the Bitcoin lightning network. Free and instant transfers based on Bitcoin. https://en.m.wikipedia.org/wiki/Lightning_Network#:~:text=The%20Lightning%20Network%20is%20a,to%20the%20bitcoin%20scalability%20problem.
Phoenix wallet is the best Bitcoin lightning network wallet. https://play.google.com/store/apps/details?id=fr.acinq.phoenix.mainnet
Learn more about Bitcoin.
Quick Bitcoin intro: https://youtu.be/3wQVZOjxa5w
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
CEO buys $425 million in BTC to hold permanently as a reserve asset. Goal to establish the Bitcoin standard. https://www.coindesk.com/microstrategy-ceo-michael-saylor-bitcoin
The Bitcoin Standard: https://youtu.be/Zbm772vF-5M
In depth Bitcoin intro: https://youtu.be/l1si5ZWLgy0
r/BitcoinBeginners r/Bitcoin
Bitcoin is the next Bitcoin: https://youtu.be/p0ftZgCEZos
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. I recommend the cash app for its 2% purchase fees and free withdrawals. Then withdraw your Bitcoin to your own non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your money and not where someone else is holding your money, like the cash app where you bought it from.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it from.
I recommend using Mycelium Bitcoin wallet for Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work. Don't day trade Bitcoin. Just buy and hold forever. There's so many people ~8 billion and only 21 million BTC. Bitcoin to infinity.
Bitcoin is the first truly scarce digital asset. Bitcoin is digital gold. https://digitalik.net/btc/sf_model/
Spend Bitcoin here: https://Purse.io - buy anything from Amazon using Bitcoin and name your own discount. I usually do a 20-25% discount.
Here's repository of stores that accept Bitcoin: https://www.acceptedhere.io/
When spending your Bitcoin, there's a transaction fee. (It goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your payment. You'll set the transaction fee when sending a payment from your Bitcoin wallet. (Hopefully Mycelium)
If you want to learn everything else about Bitcoin: https://www.lopp.net/bitcoin-information/getting-started.html
And read The Bitcoin Standard: https://www.amazon.com/dp/1119473861
Plus there's a second layer called the Bitcoin lightning network. Free and instant transfers based on Bitcoin. https://en.m.wikipedia.org/wiki/Lightning_Network#:~:text=The%20Lightning%20Network%20is%20a,to%20the%20bitcoin%20scalability%20problem.
Phoenix wallet is the best Bitcoin lightning network wallet. https://play.google.com/store/apps/details?id=fr.acinq.phoenix.mainnet
For checking the address, you only need to check the first 4 and the last 8 digits. There's error detection in wallets where they won't let you send Bitcoin to an invalid address.
Here's my beginner's guide. Please take from it.
Learn more about Bitcoin.
Quick Bitcoin intro: https://youtu.be/3wQVZOjxa5w
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
CEO buys $425 million in BTC to hold permanently as a reserve asset. Goal to establish the Bitcoin standard. https://www.coindesk.com/microstrategy-ceo-michael-saylor-bitcoin
The Bitcoin Standard: https://youtu.be/Zbm772vF-5M
In depth Bitcoin intro: https://youtu.be/l1si5ZWLgy0
r/BitcoinBeginners r/Bitcoin
Bitcoin is the next Bitcoin: https://youtu.be/p0ftZgCEZos
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. I recommend the cash app for its 2% purchase fees and free withdrawals. Then withdraw your Bitcoin to your own non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your money and not where someone else is holding your money, like the cash app where you bought it from.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it from.
I recommend using Mycelium Bitcoin wallet for Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work. Don't day trade Bitcoin. Just buy and hold forever. There's so many people ~8 billion and only 21 million BTC. Bitcoin to infinity.
Bitcoin is the first truly scarce digital asset. Bitcoin is digital gold. https://digitalik.net/btc/sf_model/
Spend Bitcoin here: https://Purse.io - buy anything from Amazon using Bitcoin and name your own discount. I usually do a 20-25% discount.
Here's repository of stores that accept Bitcoin: https://www.acceptedhere.io/
When spending your Bitcoin, there's a transaction fee. (It goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your payment. You'll set the transaction fee when sending a payment from your Bitcoin wallet. (Hopefully Mycelium)
If you want to learn everything else about Bitcoin: https://www.lopp.net/bitcoin-information/getting-started.html
And read The Bitcoin Standard: https://www.amazon.com/dp/1119473861
Plus there's a second layer called the Bitcoin lightning network. Free and instant transfers based on Bitcoin. https://en.m.wikipedia.org/wiki/Lightning_Network#:~:text=The%20Lightning%20Network%20is%20a,to%20the%20bitcoin%20scalability%20problem.
Phoenix wallet is the best Bitcoin lightning network wallet. https://play.google.com/store/apps/details?id=fr.acinq.phoenix.mainnet
Mycelium on Android is the best wallet app. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Use Mycelium Bitcoin wallet on Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Just use this one.
https://play.google.com/store/apps/details?id=com.mycelium.wallet
https://play.google.com/store/apps/details?id=com.mycelium.wallet
This one is the best one for Android.
Make sure to write down your 12 word restore phrase.
https://play.google.com/store/apps/details?id=com.mycelium.wallet
When you first open the app, it will create your Bitcoin wallet for you. Make sure to write down the 12 word seed. With those 12 words, you can restore your Bitcoin wallet on any device.
If you have iPhone instead of Android, use a hardware wallet like trezor or ledger nano.
Make sure to only buy a hardware wallet directly from the manufacturer to avoid scams and getting your Bitcoin stolen.
And remember, if it's not Bitcoin it's a shitcoin. There's only one reputable project in cryptocurrency, and it's Bitcoin. Every other coin is flawed to the point it cannot be trusted as money. Only Bitcoin is worth investing in long term.
WalletScrutiny is an extremely important project for the Bitcoin ecosystem. Most mobile wallet software is currently nowhere near as secure as it should be. If the software can't be verified, then the wallet is practically as bad as a custodial solution. Not your keys, not your bitcoins!
I highly recommend listening to the podcast to learn more about WalletScrutiny and:
Full podcast timestamps here.
Leo ( u/giszmo ) also recently gave a presentation at this meetup. I encourage you to ask questions in this thread. I'm sure Leo (or otherwise myself) will answer them.
Mycelium supports Ledger Nano S, Ledger Blue, Trezor, Trezor T and keepKey.
The BTCPay server makes the most sense. But it may take some time to get the server set up and the necessary equipment.
This is what I would do in the meantime. Should take no more than 10 minutes.
Create an HD wallet. In most wallet software nowadays, this is the default setting. Basically, anytime he sends or receives btc, the wallet software will generate a new address for him. This protects his privacy. All of this is done in the background. I would use a hardware wallet like Trezor or Ledger, as they are the most secure way of conveniently storing btc. But if he doesn't want to get a hardware wallet, Mycelium or Samourai are my two favorite Android wallets, and I hear BRD is a good iPhone wallet. Make sure he backs up his wallet by writing down the 12 or 24 words the wallet gives him. This word list will restore his wallet, so he has to keep it safe. If someone else gets this word list, they can steal his coins.
If he has an Android, download Sentinel and import his xpub key taking it from his bitcoin wallet you downloaded in Step 1. Anytime he wants to accept payment, he'll open Sentinel, hit "deposit", and enter how much money he wants for the service he provided. Sentinel will automatically take care of displaying the address with the correct amount requested. All the customer needs to do is scan the qr code and send the transaction.
Set up an exchange account. He will need to set up an exchange account at an exchange. I like Gemini, but you can use any exchange that deals with the fiat of your country.
However often he wants, he'll send btc from his wallet to his exchange account. I use this website to best determine what fee I should send, but he can just let the wallet choose a fee automatically, especially if he's only cashing out once a week or once a month.
Good luck!
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
Sort the reviews by "newest"
> Whats the best site to purchase bitcoin on?
Coinbase for bank account or credit card purchases, LocalBitcoins for things like in-person trade or cash deposit to seller's bank.
> how do I even open a wallet?
It's just a piece of software. I recommend <strong>Electrum</strong> for the desktop, <strong>Mycelium</strong> for a tablet/Android environment.
> Helix Light. how does it work
It's a tumbler on the Tor network located here. It gives you a wallet address, you send your coins to that wallet and you give it a fresh wallet address to output to, and it sends fresh coins unconnected to you to your output wallet. Pretty straightforward.
All this stuff about blockchain analysis is frankly overblown if you're just an ordinary personal-use buyer. No one cares enough. Buyers aren't caught because of blockchain analysis. It's safe enough to just put one intermediate wallet between wherever you obtained coins (if connected to your identity) and the dark market. If you obtained coins anonymously to begin with, there's no need to do even that much.
> about purchasing Bitcoin with a Visa gift card
You may be able to find a seller on LocalBitcoins who does that, but you will pay well over market value for the coins, due to risk of chargeback/fraud on your part.
>###twitter | mailing list
>
>TL;DR: Leave a comment on this thread. A random user will be chosen, and everyone donates a dollar to make a millionaire. Don't forget to upvote this thread, subscribe to our twitter, and join our mailing list! Reminder to donate and reminder to enter the next drawing
>
>What is this, anyway?
>
>Two years ago, a redditor posted an idea in /r/Showerthoughts that speculated the fact that If a million of us picked a certain redditor and all donated just $1, we would have the power to make someone a millionaire.
>
>We are now an embodiment of that showerthought, and this is our next attempt to make it happen.
>
> We need your help to keep this running, which only amounts to a $1 a month to make someone's day. Now how does it work? Look below.
>
>How to enter:
>
>* REQUIRED: Leave one (1) top level comment in reply to this thread! Replying to other comments will not count. We highly recommend commenting "RemindMe! 2 days Donation for /r/millionairemakers"
, this will remind you via PM to donate. You can also follow this link and click send to be reminded to donate.
>
>Important Rules:
>
>* Only ONE top level (not a reply) comment per person, but feel free to reply to other comments. Making duplicate top level comments may result in exclusion from entering. Go to /u/me to ensure you don't accidentally double comment. Delete any extra duplicates ASAP.
>
>* Your account must be older than 30 days with some amount of activity. Obvious throwaway accounts with very minimal activity will also not be eligible. This is to prevent multiple entries from the same person.
>
>How will the winner be picked and how can you donate?
>
>* After 24 hours this thread will close and the method of selection will begin.
>* The method can be read in detail here
>* Method TL;DR: we assign number by sorting the comments by old, so the first commenter will be 1. We then wait for a randomly generated block (a string of numbers) from Bitcoin's blockchain, and calculate the winner using the formula described in the post mentioned above.
>* The user who created the winning comment will be informed of their luck and will provide any information necessary for the chosen payment method (mods will help set this up if needed).
>* The generous Reddit community donates to this lucky person, hopefully making some worthy soul a millionaire!
>* The lucky redditor posts a thank you within the next days, revealing to the community exactly how much was raised and thanking the community for their generosity.
>
>Reminders
>
>* Take the time you have available now to setup your PayPal account and/or cryptocurrency wallets. To buy bitcoin, you may use Coinbase for purchases using your bank account. To store bitcoin, we recommend the Mycelium wallet for iOS and Android or the Electrum wallet for Android, Mac, Linux, and PC.
>* Please try your best to donate a $1, no matter who wins. Every single dollar, cent, anything really counts, so please take the effort to remember and go through with it.
>* If you want to be reminded to donate, please comment "RemindMe! 2 days Donation for /r/millionairemakers"
or check out our [IFTTT recipes](/r/jaysamuel/comments/2wnvrw/all_of_my_ifttt_recipes/).
>* Spread the word! The more people who participate, the better this gets for everyone! There has been a cool correlation between where we made it it in /r/all and donations.
>* Try to cross-post this post to relevant subs. (Please don't spam other subs though. We're not trying to make any enemies here)
>* If you are under 18, please talk to your parents to get their consent to participate and use their help to setup a PayPal account.
>
>At this point, Reddit, it's all up to you. Make us proud. Change the world. Prove the internet can do good.
>
>MOST IMPORTANTLY
>
>Remember, this is about generosity, about making history, and about coming together to make someone's life better. So take 3 minutes to donate a bit to the winner, whether you're well off and want to donate a few bucks, or going through tough times and can only donate a few cents. Every cent counts.
>
>Note about legality: This is NOT a lottery. You don't have to pay to enter. Also, WE are not giving any prizes away (the moderators will never even touch your donations). As for gift taxes, according to the IRS they're generally paid by the donor, and any donation under $14,000 is not taxable.
>
>Think of what you could do with $1,000,000... You could pay off student loans, have lifesaving surgery, or even give $1 to a million people!
>
>So Reddit, thanks for sticking with us through that long post. It's finally time to change a life. Help us to the front page, so we can make history, and...
>
>LET'S MAKE A MILLIONAIRE!
you have to download wallet (application). in case of BTC if you want desktop wallet you can use: https://electrum.org or mycelium if you want mobile wallet: https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=pl
you can read more about wallet: https://www.weusecoins.com/en/find-the-best-bitcoin-wallet/
just remember that wallets gives you access to private key, that allows to send you bitcoins/ethers. if someone gets access to this key, he/she gets access to your coins. can't help with etherum but im sure you can google for proper wallet.
ps. never keep your coin on exchanges. you don't have keys to your coins, so they aren't yours.
Here is the post for archival purposes:
Author: POTEU
Content:
>
>Did you purchase your bitcoins on an exchange? You think those coins are yours? You are wrong. If you do not have access to the private keys controlling those bitcoins, they are not yours. The exchange merely promises you to pay them out whenever you request those bitcoins. If the exchange collapses, your coins are gone too.
<h2>So where should I store my bitcoins?</h2>
>Any wallet, to which you actually own the private keys. So, not a hot wallet.
>There are many of them, ranging from computer software (like Electrum , Jaxx , etc.), Android wallets (like Mycelium or Samourai Wallet ), iOS walltes (like BreadWallet ).
>Software wallets still face threats, but less than hot, online wallets or exchanges. If you want absolute security and plan on holding a significant about of money in bitcoin, choose a hardware wallet.
>It requires an initial investment into the hardware but it pays off. Why? In short, hardware wallets isolate your private keys away from the internet. The most known are Trezor and Ledger
<h2>Threats</h2>
>Exchanges: Hacks (Theft), Liquidity Problems, Closure
>Software: Malware stealing private keys, data corruption, physical theft
>Hardware: Physical theft and PIN extortion
>Threats to exchange-based wallets and software wallets are remote, over the internet. Threats to hardware wallets are physical; requiring physical theft and extorting a PIN from its owner.
Actually Bitcoin Core implemented "HD" (ie. hierarchical deterministic) wallets maybe 6 months ago. So that wiki page is out of date now, and for new wallets created using recent versions of Bitcoin Core you don't need to make regular backups. Unfortunately their implementation is incompatible with existing hardware wallets, so you won't be able to use your seed words there.
I would recommend Mycelium wallet on Android if you trust your phone not to be infected with malware. I believe CoPay will work too, and runs on a wide variety of platforms.
This web page is a good resource for recovering your private keys if all you have is your 24 word seed. I would recommend downloading a copy of it to a USB stick, and loading it up on an offline machine, just so no malware can spy on you while you type your 24 words. But it's good to have an offline copy of a simple tool that can turn your 24 words into as many private keys as you need. Put your 24 word seed into the "BIP39 Mnemonic" field and you'll see your receiving addresses along with their private keys listed in the BIP44 tab. Change the 0 to 1 in the "External / Internal" field and you'll see your change addresses along with their private keys.
well if you come across a piece of paper with 12 random words on it like
dog, food, sentence, victory, tence, random, lord, forever, grant, formula, kin, burnt
don't throw it out.
also look at these apps to see if they jog any memories:
https://cdn.apkmonk.com/images/com.greenaddress.greenbits_android_wallet.png
https://play.google.com/store/apps/details?id=com.mycelium.wallet
https://itunes.apple.com/us/app/blockchain-merchant/id947009571?mt=8
You can do this in Mycelium, Airbitz, and Breadwallet by sweeping the private key.
>###twitter | mailing list
>
>TL;DR: Leave a comment on this thread. A random user will be chosen, and everyone donates a dollar to make a millionaire. Don't forget to upvote this thread, subscribe to our twitter, and join our mailing list! Reminder to donate and reminder to enter the next drawing
>
>What is this, anyway?
>
>Two years ago, a redditor posted an idea in /r/Showerthoughts that speculated the fact that If a million of us picked a certain redditor and all donated just $1, we would have the power to make someone a millionaire.
>
>We are now an embodiment of that showerthought, and this is our next attempt to make it happen.
>
> We need your help to keep this running, which only amounts to a $1 a month to make someone's day. Now how does it work? Look below.
>
>How to enter:
>
>* REQUIRED: Leave one (1) top level comment in reply to this thread! Replying to other comments will not count. We highly recommend commenting "RemindMe! 2 days Donation for /r/millionairemakers"
, this will remind you via PM to donate. You can also follow this link and click send to be reminded to donate.
>
>Important Rules:
>
>* Only ONE top level (not a reply) comment per person, but feel free to reply to other comments. Making duplicate top level comments may result in exclusion from entering. Go to /u/me to ensure you don't accidentally double comment. Delete any extra duplicates ASAP.
>
>* Your account must be older than 30 days with some amount of activity. Obvious throwaway accounts with very minimal activity will also not be eligible. This is to prevent multiple entries from the same person.
>
>How will the winner be picked and how can you donate?
>
>* After 24 hours this thread will close and the method of selection will begin.
>* The method can be read in detail here
>* Method TL;DR: we assign number by sorting the comments by old, so the first commenter will be 1. We then wait for a randomly generated block (a string of numbers) from Bitcoin's blockchain, and calculate the winner using the formula described in the post mentioned above.
>* The user who created the winning comment will be informed of their luck and will provide any information necessary for the chosen payment method (mods will help set this up if needed).
>* The generous Reddit community donates to this lucky person, hopefully making some worthy soul a millionaire!
>* The lucky redditor posts a thank you within the next days, revealing to the community exactly how much was raised and thanking the community for their generosity.
>
>Reminders
>
>* Take the time you have available now to setup your PayPal account and/or cryptocurrency wallets. To buy bitcoin, you may use Circle for instant credit card purchases or Coinbase for purchases using your bank account. To store bitcoin, we recommend the Mycelium wallet for iOS and Android or the Electrum wallet for Android, Mac, Linux, and PC.
>* Please try your best to donate a $1, no matter who wins. Every single dollar, cent, anything really counts, so please take the effort to remember and go through with it.
>* If you want to be reminded to donate, please comment "RemindMe! 2 days Donation for /r/millionairemakers"
or check out our [IFTTT recipes](/r/jaysamuel/comments/2wnvrw/all_of_my_ifttt_recipes/).
>* Spread the word! The more people who participate, the better this gets for everyone! There has been a cool correlation between where we made it it in /r/all and donations.
>* Try to cross-post this post to relevant subs. (Please don't spam other subs though. We're not trying to make any enemies here)
>* If you are under 18, please talk to your parents to get their consent to participate and use their help to setup a PayPal account.
>
>At this point, Reddit, it's all up to you. Make us proud. Change the world. Prove the internet can do good.
>
>MOST IMPORTANTLY
>
>Remember, this is about generosity, about making history, and about coming together to make someone's life better. So take 3 minutes to donate a bit to the winner, whether you're well off and want to donate a few bucks, or going through tough times and can only donate a few cents. Every cent counts.
>
>Note about legality: This is NOT a lottery. You don't have to pay to enter. Also, WE are not giving any prizes away (the moderators will never even touch your donations). As for gift taxes, according to the IRS they're generally paid by the donor, and any donation under $14,000 is not taxable.
>
>Think of what you could do with $1,000,000... You could pay off student loans, have lifesaving surgery, or even give $1 to a million people!
>
>So Reddit, thanks for sticking with us through that long post. It's finally time to change a life. Help us to the front page, so we can make history, and...
>
>LET'S MAKE A MILLIONAIRE!
>###twitter | mailing list
>
>TL;DR: Leave a comment on this thread. A random user will be chosen, and everyone donates a dollar to make a millionaire. Don't forget to upvote this thread, subscribe to our twitter, and join our mailing list! Reminder to donate and reminder to enter the next drawing
>
>What is this, anyway?
>
>Two years ago, a redditor posted an idea in /r/Showerthoughts that speculated the fact that If a million of us picked a certain redditor and all donated just $1, we would have the power to make someone a millionaire.
>
>We are now an embodiment of that showerthought, and this is our next attempt to make it happen.
>
> We need your help to keep this running, which only amounts to a $1 a month to make someone's day. Now how does it work? Look below.
>
>How to enter:
>
>* REQUIRED: Leave one (1) top level comment in reply to this thread! Replying to other comments will not count. We highly recommend commenting "RemindMe! 2 days Donation for /r/millionairemakers"
, this will remind you via PM to donate. You can also follow this link and click send to be reminded to donate.
>
>Important Rules:
>
>* Only ONE top level (not a reply) comment per person, but feel free to reply to other comments. Making duplicate top level comments may result in exclusion from entering. Go to /u/me to ensure you don't accidentally double comment. Delete any extra duplicates ASAP.
>
>* Your account must be older than 30 days with some amount of activity. Obvious throwaway accounts with very minimal activity will also not be eligible. This is to prevent multiple entries from the same person.
>
>How will the winner be picked and how can you donate?
>
>* After 24 hours this thread will close and the method of selection will begin.
>* The method can be read in detail here
>* Method TL;DR: we assign number by sorting the comments by old, so the first commenter will be 1. We then wait for a randomly generated block (a string of numbers) from Bitcoin's blockchain, and calculate the winner using the formula described in the post mentioned above.
>* The user who created the winning comment will be informed of their luck and will provide any information necessary for the chosen payment method (mods will help set this up if needed).
>* The generous Reddit community donates to this lucky person, hopefully making some worthy soul a millionaire!
>* The lucky redditor posts a thank you within the next days, revealing to the community exactly how much was raised and thanking the community for their generosity.
>
>Reminders
>
>* Take the time you have available now to setup your PayPal account and/or cryptocurrency wallets. To buy bitcoin, you may use Circle for instant credit card purchases or Coinbase for purchases using your bank account. To store bitcoin, we recommend the Mycelium wallet for iOS and Android or the Electrum wallet for Android, Mac, Linux, and PC.
>* Please try your best to donate a $1, no matter who wins. Every single dollar, cent, anything really counts, so please take the effort to remember and go through with it.
>* If you want to be reminded to donate, please comment "RemindMe! 2 days Donation for /r/millionairemakers"
or check out our [IFTTT recipes](/r/jaysamuel/comments/2wnvrw/all_of_my_ifttt_recipes/).
>* Spread the word! The more people who participate, the better this gets for everyone! There has been a cool correlation between where we made it it in /r/all and donations.
>* Try to cross-post this post to relevant subs. (Please don't spam other subs though. We're not trying to make any enemies here)
>* If you are under 18, please talk to your parents to get their consent to participate and use their help to setup a PayPal account.
>
>At this point, Reddit, it's all up to you. Make us proud. Change the world. Prove the internet can do good.
>
>MOST IMPORTANTLY
>
>Remember, this is about generosity, about making history, and about coming together to make someone's life better. So take 3 minutes to donate a bit to the winner, whether you're well off and want to donate a few bucks, or going through tough times and can only donate a few cents. Every cent counts.
>
>Note about legality: This is NOT a lottery. You don't have to pay to enter. Also, WE are not giving any prizes away (the moderators will never even touch your donations). As for gift taxes, according to the IRS they're generally paid by the donor, and any donation under $14,000 is not taxable.
>
>Think of what you could do with $1,000,000... You could pay off student loans, have lifesaving surgery, or even give $1 to a million people!
>
>So Reddit, thanks for sticking with us through that long post. It's finally time to change a life. Help us to the front page, so we can make history, and...
>
>LET'S MAKE A MILLIONAIRE!
Paxful is a peer to peer exchange that is mainly for buying/selling bitcoin and not to be used as a main wallet for your other transactions. Once you buy from Paxful, you'd want to send it to your own wallet, then from there you can send to wherever you want. I recommend any of the following:
I'd recommend any of the following as they offer both good usability and security:
I mainly use my computer with Bitcoin and Electrum has been pretty great. Nice full featured open source Bitcoin wallet.
For iOS I like Copay over breadwallet because you can choose what transaction fee to use so if you need to get coin confirmed quickly to place a bet for example you won't be at the mercy of whatever transaction fee breadwallet has chosen for you. Copay also has an iPad version unlike breadwallet.
On Android Mycelium gets my vote as well.
I would suggest Mycelium https://play.google.com/store/apps/details?id=com.mycelium.wallet
The first thing to do would be setup a bitcoin wallet. I'd recommend any of the following:
You won't find many direct services that let you use a prepaid card due to AML and KYC regulations and considering what you're using the bitcoin for, you'll probably want to buy from the following to be more anonymous:
Disclaimer - this comment is just general information for buying and using bitcoin and is in no way an endorsement of using bitcoin for buying drugs or illegal substances or using darknet markets. You're responsible for your own actions.
This isn't a bitcoin address. It looks like you're a bitcoin virgin. It's ok, we all were at one point. Bitcoin addresses are free to generate. If you're on Android, I recommend Mycelium. For iOS, I recommend breadwallet.
Here's some information on bitcoin to get you started. Once you have your address, send me a PM and I'll send you a tip for your work.
There's all sorts of different wallets for different platforms, here's a few that I'd recommend:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
And once you pick one you like and mess around with it, pm me your receiving address and I'll send you a few bits for you to play around with :)
These wallets are all solid choices that offer both security and usability:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Offer to buy at 3% to 5% below market on LocalBitcoins or Mycelium.
Well if you're using a broker service like Coinbase or Circle to buy from, which usually requires connecting to a bank account or credit card, then you'll need to use your real name otherwise you won't be able to buy from them since the name on the account won't match the one from the bank or cc you're using.
If all you want is a wallet for sending, receiving, and storing bitcoins, then you should just go with one not controlled by a third party, but yourself, such as the following:
The general rule of thumb is buy from brokers or exchanges, then send the bitcoins to a wallet in which you hold the private keys.
And if you're trying get bitcoin more anonymously, which I suspect you are given your user name, check out the following:
You'll first want to move them to a wallet you control, here's a few good options:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
I was thinking of Mycelium for Android (there's an Apple version, but it doesn't have the feature I'm talking about).
Once you install it, click the "$+" button to setup a coinapult account (you can use coinapult without using the app, but the app makes it really easy). It's anonymous and fast, but there's a small fee moving money in and out.
Someone else in the thread also mentioned tether. I think they do a similar thing to coinapult, implemented slightly differently. There's other "synthetic assets" that have lower fees or are intended to be completely trustless (Bitusd, MakerDAO), but Mycelium and coinapult beats them hands down for usability.
Mycelium also has a feature to connect you with people nearby who are selling or buying Bitcoins. You chat with them over the app to arrange a meetup to exchange cash. So you don't need a bank account to get Bitcoins.
Here's a list of some good wallets where you control the keys and don't require a download of the blockchain:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
:( you are right and I will suggest to change that. Here this line is not eve used.
I've been happy with this: https://play.google.com/store/apps/details?id=com.mycelium.wallet
For an everyday mobile wallet, I'd recommend any of the following:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
If your bar is using BitX, it is likely accepting Bitcoin as payment in which case you can use any mobile wallet to pay them with, you don't need BitX specifically.
Both allow you to either sweep or import private keys.
You can buy Bitcoin with cash via Mycelium Trader:
https://play.google.com/store/apps/details?id=com.mycelium.wallet
The fastest way is probably to buy in cash via Mycelium Trader.
https://play.google.com/store/apps/details?id=com.mycelium.wallet
Maybe you should checkout out the "Local Trader" option in Mycelium, which is well-suited to anonymous cash exchanges.
When you create an account at Kraken it'll automatically create a wallet to temporarily store any Bitcoins you purchase until which time you transfer them to your own personal wallet, then you can send them to and from the gambling sites you want.
I'd recommend setting up a personal wallet first and try transfering a small amount to it to get the hang of it, here's a few suggestions:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Also, perhaps take a look at the following Bitcoin 101 video, it may help with some of the confusion.
Here's a few to get you started and mess around with :)
/u/changetip 1000 bits
I wouldn't recommend online wallets like Coinbase, though they're fine for buying, pick something where you control the keys. The following are some popular wallets that have a good mix of usability and security:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Try using a lightweight wallet that doesn't require a full client instead, so as not to destroy your machine. I recommend the following:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Your question is a little confusing as you are equating Bitcoin buying services with storage wallets which are kind of different things. You shouldn't be storing your Bitcoins in the same place you buy them.
That said, here are some good places to buy from:
As for good wallets, the following offer a good mix of usability and security, and allow you to control the private keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Here's some info and links to help you out. Start with the following FAQ and Bitcoin 101 info:
Some good places to buy are:
I'd recommend trying out some of the following wallets which are user friendly, convenient, don't require a full download of the blockchain, and lets you control your private keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Well there's probably a lot of sites to avoid, too many to list I would imagine. Regardless, using Bitcoin means having a strong sense of personally responsibility which requires due diligence and skepticism when trusting third parties with your precious bits. Just be sure to do your research before diving into anything that seems to good to be true.
That said, here's my Bitcoin starter pack to help you out. Start with the following FAQ and Bitcoin 101 info:
I'd recommend trying out some of the following wallets which are user friendly, convenient, don't require a full download of the blockchain, and lets you control your private keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Some good places to buy are:
Here's a few bits to get you started down the rabbit hole :)
/u/changetip 1000 bits
One of these https://www.ledgerwallet.com/products
with this app
https://play.google.com/store/apps/details?id=com.mycelium.wallet
Or just the app
Yea don't use Coinbase or Circle for your main wallet, just buy from them and send to a wallet where you control the private keys. I like the following:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Those are sites for buying Bitcoin. For sending, receiving and storing them, you'll need a wallet, like the following:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Here's some info and links to help you out. Start with the following FAQ and Bitcoin 101 info:
Some good places to buy are:
I'd recommend trying out some of the following wallets which are user friendly, convenient, don't require a full download of the blockchain, and lets you control your private keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
The following mobile wallets offer both ease of use and security:
Just remember to follow the appropriate backup instructions for each wallet before storing large amounts.
If you have an Android phone then jedigras' suggestion of importing into the Mycelium wallet is reasonable.
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
The best way to learn about it is to try it for yourself. Open an account on an exchange and buy a small amount ($10 for example). Install a wallet on your phone (mycelium or greenbits are my favourites) and see what you can do with it. If you're interested in the market, you could use your $10 to open a leveraged position (eg 5x on Kraken, 20x on okcoin or 100x on bitmex, and if you correctly predict which direction the price will move next, you make a profit. More likely, you'll lose the lot. You could also just go straight to the online casino.
If you want to make a regular investment from your salary, you might want to check out bitwage. Coinbase also allows you to make regular purchases, independent of your salary.
For security you have a few different options, depending on how confident you are in your ability to secure your home network (A litmus test is how frequently do you update firmware on your router). Since it sounds like you're considering investing a serious amount, you should definitely consider a hardware wallet like Ledger or Trezor. If you want to do-it-yourself, you should look at using an air gap, such as via bitkey or electrum and learn about paper wallets.
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Author: Coinapult_btc
Content:
>Hi [r/bitcoin](/r/bitcoin) !
>We've been getting some great feedback about our latest integration with Mycelium, the Coinapult Locks Account, now available on the latest version of Mycelium's Android app ( https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en ).
>Here's our video demo if you haven't seen it yet :) ( https://www.youtube.com/watch?v=eT2CmOfXyH0 ).
>Now, with a few months of new users and transactions under our belt, we're curious and want to know...
<h1>How are you using your Mycelium-Coinapult Locks Account?</h1>
>Day-trading on the go? Setting up a new merchant or friend to receive their first bitcoins? Sending and receiving payments to and from family & friends overseas?
>Show us what you got!
>Until next Sunday 11:59pm EST, we will be accepting submissions for the coolest, most interesting ways people are using their Locks wallets. Submit a photo or video to this thread, and the top 10 most upvoted submissions on this reddit post will receive $50 worth of bitcoins!
>Please help us [r/bitcoin](/r/bitcoin) with submissions as well as voting for the winners!
<h1>#HowDoYouLock? #Bitcoin</h1>
>*note: submissions must include txn ID for a Mycelium-Coinapult Lock transaction, which can either be publicly posted or sent directly to Coinapult
Author: Coinapult_btc
Content:
>Hi [r/btc](/r/btc) !
>We've been getting some great feedback about our latest integration with Mycelium, the Coinapult Locks Account, now available on the latest version of Mycelium's Android app ( https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en ).
>Here's our video demo if you haven't seen it yet :) ( https://www.youtube.com/watch?v=eT2CmOfXyH0 ).
>Now, with a few months of new users and transactions under our belt, we're curious and want to know...
<h1>How are you using your Mycelium-Coinapult Locks Account?</h1>
>Day-trading on the go? Setting up a new merchant or friend to receive their first bitcoins? Sending and receiving payments to and from family & friends overseas?
>Show us what you got!
>Until Sunday Nov 29 11:59pm EST, we will be accepting submissions for the coolest, most interesting ways people are using their Locks wallets. Submit a photo or video to this thread, and the top 10 most upvoted submissions on this reddit post will receive $50 worth of bitcoins!
>Please help us [r/btc](/r/btc) with submissions as well as voting for the winners!
<h2>HowDoYouLock? #Bitcoin</h2>
>*note: submissions must include txn ID for a Mycelium-Coinapult Lock transaction, which can either be publicly posted or sent directly to Coinapult
>**submissions can be made to either [r/btc](/r/btc) or [/r/bitcoin](/r/bitcoin) ( https://www.reddit.com/r/Bitcoin/comments/3tz5c5/how_do_you_lock_contest_hosted_by_coinapult/ )
Author: Coinapult_btc
Content:
>Hi [r/btc](/r/btc) !
>We've been getting some great feedback about our latest integration with Mycelium, the Coinapult Locks Account, now available on the latest version of Mycelium's Android app ( https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en ).
>Here's our video demo if you haven't seen it yet :) ( https://www.youtube.com/watch?v=eT2CmOfXyH0 ).
>Now, with a few months of new users and transactions under our belt, we're curious and want to know...
<h1>How are you using your Mycelium-Coinapult Locks Account?</h1>
>Day-trading on the go? Setting up a new merchant or friend to receive their first bitcoins? Sending and receiving payments to and from family & friends overseas?
>Show us what you got!
>Until Sunday Nov 29 11:59pm EST, we will be accepting submissions for the coolest, most interesting ways people are using their Locks wallets. Submit a photo or video to this thread, and the top 10 most upvoted submissions on this reddit post will receive $50 worth of bitcoins!
>Please help us [r/btc](/r/btc) with submissions as well as voting for the winners!
<h2>HowDoYouLock? #Bitcoin</h2>
>*note: submissions must include txn ID for a Mycelium-Coinapult Lock transaction, which can either be publicly posted or sent directly to Coinapult
>**submissions can be made to either [r/btc](/r/btc) or [/r/bitcoin](/r/bitcoin) ( https://www.reddit.com/r/Bitcoin/comments/3tz5c5/how_do_you_lock_contest_hosted_by_coinapult/ )
Here's a good video that explains the fundamentals of using Bitcoin:
Some good places to buy are:
Some good wallets for storing, sending, receiving Bitcoin:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
You can use Mycelium to sweep a private key and then send it to a new address.
Kraken is pretty easy to use. There's lots of mycelium local traders in Germany because Local Bitcoins is verboten.
https://play.google.com/store/apps/details?id=com.mycelium.wallet
/u/changetip /u/SamFredrico $0.22 my fav. android wallet [https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en] also check out https://www.trybtc.com
Coinbase allows you to purchase in Canada but you'd need to connect a bank account.
You could also try WeSellCrypto which you can buy via Paypal, but I'm not sure if it works with Canadian dollars.
Places where you buy Bitcoin have a built in wallet. A wallet is simply a service that lets you store, send, or receive Bitcoin. Those are the basics of a wallet, but different wallets can also have additional added features or functions. Some are mobile, some allow you to buy and sell bitcoin, some have multisignature features, some are connected to a debit card, etc, etc.
What you would normally do is buy Bitcoin from someplace like Coinbase and then transfer those Bitcoins to a wallet where you control the private key, like a mobile wallet for example if you are using small amounts. Wallets like Mycelium for Android, Bread Wallet for iPhone, or Airbitz for both are all decent options.
I would not recommend trying to mine Bitcoin as it is a highly technical, competitive, and costly endeavor especially if you don't know what you are doing. Unless you know how to build custom processing devices on the cutting edge of computing then you won't get anywhere in mining.
Here's a few bits to get you started in the Bitcoin ecosystem :) /u/changetip 4000 bits
I would use these bits and transfer some between Changetip and a few wallets, and that will help you to understand the transaction process better. Let us know if you have further questions.
https://www.bitquick.co has many people selling btc like localbitcoins does. Also the Mycelium Android wallet app has a built in market called "Local Trader" I think.
Perhaps Coinffeine...
If it is not a huge amount of coins you can use blockchain.info wallet, they have an import function for bitcoin-core wallet.dat. Then send the coins to wherever you want, for example electrum or mycelium.
Circle.com allows you to buy with a Visa credit card.
As far as wallets go, I'd recommend the following:
Technically, Circle also acts as a wallet as well, but for security reasons you'll only want to use them to buy Bitcoin, then transfer to a wallet of your choice that you control. All of the above are good for small amounts. Also, whichever wallet you choose, make sure you follow the appropriate backup instructions so that you don't accidentally lose anything.
Here's a few bits to get you started :) /u/changetip 5000 bits
Like coin.mx in what sense (I've never used coin.mx)? If you're in the U.S. Circle allows instant buy via ACH after verification. Coinbase also allows ACH instant buy after verification, but also requires adding a Visa card as a backup payment source. Coinbase has also started to expand outside the U.S. LibertyX allows nearly instant buys at physical locations with cash. ~~Snapcard.io also claims to allow instant ACH buys, but states that you can do so on the same day that you sign up.~~ Trucoin allows apparently instant credit card buys on the day of sign-up, but is not available in all states.
More widely, there's LocalBitcoins, the Mycelium Android wallet's local trader feature, and buying using the bank deposit method with Bitquick.co (also available in Taiwan and India). Outside the U.S., 247Exchange offers instant buys, though possibly not using all of their available payment methods. You could also use one of these services to search for an ATM/BTM/vending machine near you.
EDIT: Snapcard ACH buy seems down right now.
There's also the Mycelium Android wallet's local trader feature.
Or you could use one of these services to search for a Bitcoin ATM/BTM/vending machine near you.
Mycelium wallet for Android lets you find other traders in your local area to arrange a person-to-person exchange:
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
On Android you can use Mycelium app and buy/sell from/to people in your vicinity.
You can also try the local trader feature of the Mycelium Android wallet.
Use the built in local trader feature on Mycelium Wallet on Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Buying bitcoins with a debit card is hard because the buyer can always chargeback the purchase, whereas the cash-like nature of bitcoin makes it irreversible.
I think your best bet it to try a cash-to-bitcoin option like LibertyX, Bitquick, LocalBitcoins, or the Local Trader in the Mycelium android app.
Online methods of buying depend on what country you are in and what method of payment you plan on using. Also, I believe every online method requires some level of verification. I'm not sure if just a DoD ID and SSN card would satisfy one. You can find some general suggestions for most countries here:
The site isn't quite complete. For instance, it doesn't list a major player, Circle, for the United States, so keep that in mind.
Wherever you are, there's a good chance you can arrange a purchase person-to-person using LocalBitcoins or the Mycelium Android wallet's Local Trader feature. Both services aren't scams, but there are plenty of scammers out there that may use the services, so be careful and use common sense.
Lastly you can Google "bitcoin atm map" and use one of the services you find to see if there's a Bitcoin ATM/BTM/vending machine near you.
You don't need to know how it works to use Bitcoin as a savings account.
Download the Cash App. Setup your account. Then buy Bitcoin right there with the cash app.
In the meantime, learn as much about Bitcoin as you can.
Bitcoin Recommended Reading/Viewing:
Historical Bitcoin Price Chart
Bitcoin is secured by the laws of physics
You Don't Need to Buy a Whole Bitcoin
Michael Saylor buys $2.5 billion in BTC
The Bitcoin Standard - Video Summary
The Bitcoin Standard - Best Quotes
Bitcoin subreddits r/BitcoinBeginners r/Bitcoin
Bitcoin is the Internet of Money
Debunking "Blockchain not Bitcoin"
TO GET STARTED, you need to buy some bitcoin from a Bitcoin exchange. For beginners, I recommend the Cash App for its 2% purchase fees and free withdrawals. Once you buy Bitcoin, withdraw it to a non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your Bitcoin. Don't leave your Bitcoin on an exchange.
Not your keys, not your coins. Bitcoin is the freedom from needing banks and governments to transfer digital money. Do not use a custodial Bitcoin wallet. Don't put your Bitcoin into someone else's hands. Hold it yourself in a non custodial wallet. Always withdraw your Bitcoin from the exchange where you bought it.
I recommend using Mycelium Bitcoin wallet for Android.
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work.
Purse.io - Buy anything from Amazon using Bitcoin and name your own discount from 5-30%.
List of stores that accept Bitcoin
When spending or transferring your Bitcoin, there's a transaction fee. (The fee goes to the Bitcoin miner who mines the block that contains that transaction).
Check https://mempool.space/ to see how low to set your transaction fee. You'll set the transaction fee when sending a payment from your Bitcoin wallet. Some wallets don't offer this option. Don't use those wallets.
Plus there's a second layer called the Bitcoin Lightning Network. Nearly free and instant transfers based on Bitcoin.
Phoenix wallet is the best Bitcoin Lightning Network wallet
And finally, a warning from Jameson Lopp. "Every bitcoin that is held by an institution is a bitcoin that has had its security weakened by being subjected to bureaucratic and political decision-making. “Not your keys, not your bitcoin” rings true because when you have to ask someone for permission to transact, you are no longer in a position to resist censorship. Bitcoin owners must not trust third parties to act in their best interest!"
Hold your own Bitcoin. Don't let anyone trick you into giving them your Bitcoin. All of those schemes are Ponzi schemes. Nobody is going to give you interest on your Bitcoin, and if they do, they're paying you in a worthless, flawed token. Or they are doing accounting shenanigans that Bitcoin already solved. They will all collapse, and people with think they lost their Bitcoin, when in reality the Bitcoin was lost as soon as you deposited it into the Ponzi scheme.
Not your keys, not your coins.
Bitcoin is a great choice for real estate payment.
To get started:
You create a Bitcoin wallet using an app like Mycelium Bitcoin wallet on Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
(Don't use iphone or a rooted phone for Bitcoin.)
Open the app. Hit create new wallet. Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only.
That 12 word phrase is what you need to spend the Bitcoin. If someone else has it, they'll steal your Bitcoin.
You should buy a few dollars worth of Bitcoin from the cash app so that you can get familiar with Bitcoin and how to use it.
Install the cash app, create an account, add money to your cash app balance from a bank account or credit card, buy Bitcoin from the cash app, then withdraw it to your (mycelium) Bitcoin wallet.
To receive Bitcoin payments, open your mycelium Bitcoin wallet, hit receive, copy the address, and share it with the payor. Double check it. Make sure the first 4 and last 8 digits are correct.
You can also just show the QR code from your wallet to the payor and they can scan it with their Bitcoin wallet.
Specify in the contract that the Bitcoin payment will be treated as payed upon 6 confirmations in the Bitcoin blockchain.
In your Bitcoin wallet, there's a transaction history page/tab. The payment will show up there as soon as the payor hits send. Then you'll need to wait until the transaction shows 6 confirmations in the transaction details. Normally one confirmation is good enough, but this is a lot of money.
Bitcoin payments are irreversible and final once confirmed.
You can delete the Bitcoin off your device by deleting the wallet app or deleting the app data. At that point, the Bitcoin wallet turns from a hot wallet to a cold wallet. The cold wallet is offline. It's your 12 word restore phrase.
To spend any of your Bitcoin, just load that 12 word restore phrase back into the same Bitcoin wallet app. (Most Bitcoin wallets can restore any passphrase).
You can test all of this with just a few dollars worth of Bitcoin. Test receiving and sending payments and test restoring the wallet from the passphrase.
Make sure to write down the address of the Bitcoin payment for the real estate contract. It's the same address you copy and send to the payor. You can find the info in your transactions tab. Every transaction is time-stamped and public, even though names aren't attached to the address.
Writing the Bitcoin transaction details on the contract will serve as a receipt. Make sure to check the Bitcoin price on your cash app right before signing the contract. You'll need to convert from dollars to BTC.
So if the house costs $100,000 and Bitcoin is worth $11,000 per BTC, then you'll need a payment of 9.09090909 BTC.
Ask me if you have any questions.
Here's what a Bitcoin address looks like: 3D5omX6DbJZdMKpDNL4ttV9dSTo2i5fS1b
If you send a payment to that address, I get it and it'll show up in your transactions tab.
No. Just buy Bitcoin and never sell.
Learn more about Bitcoin.
Quick Bitcoin intro: https://youtu.be/3wQVZOjxa5w
https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
In depth Bitcoin intro: https://youtu.be/l1si5ZWLgy0
The Bitcoin Standard: https://youtu.be/Zbm772vF-5M
r/BitcoinBeginners
Bitcoin is the next Bitcoin: https://youtu.be/p0ftZgCEZos
To get started, you need to buy some bitcoin from a Bitcoin exchange. I recommend the cash app for 2% purchase fees and free withdrawals. Then withdraw your Bitcoin to your own non custodial Bitcoin wallet. This is a wallet where you control the private keys that control your money and not where someone else is holding your money, like the cash app where you bought it from.
I recommend using Mycelium Bitcoin wallet for Android. https://play.google.com/store/apps/details?id=com.mycelium.wallet
Make sure to write down your 12 word restore phrase. It can restore your Bitcoin on any device. So keep it safe and secure. No pictures. No typing into a file. Pen and paper only. This phrase essentially IS your Bitcoin because control of your money is unlocked with it.
Never sell your Bitcoin. Just spend it when you want to take profit. Selling Bitcoin on exchanges lowers the price per Bitcoin. So just spend it directly like how it's supposed to work. Don't day trade Bitcoin. Just buy and hold forever. There's so many people ~8 billion and only 21 million BTC.
Bitcoin is the first truly scarce digital asset. Bitcoin is digital gold. https://digitalik.net/btc/sf_model/
Spend Bitcoin here: https://Purse.io - buy anything from Amazon using Bitcoin and name your own discount. I usually do a 20-25% discount.
Here's repository of stores that accept Bitcoin: https://www.acceptedhere.io/
Here's a list of some good wallets where you control the keys:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Mycelium on Android and Breadwallet on iOS both support importing private keys.
haha, you pull out two links from 2013 on a bitcoin hate site. Guess what, its 2015 now.
https://www.coinbase.com/about
https://blog.coinbase.com/2015/06/17/instant-exchange/
https://blog.coinbase.com/2015/05/19/nyse-creates-bitcoin-index-powered-by-coinbase/
http://www.coindesk.com/coinbases-75-million-series-c/
MyCelium wallet works great if you just want to trade with people in your local area at coffee shops.
http://coinbrief.net/mycelium-bitcoin-wallet/
https://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
or just go to https://localbitcoins.com/ and find people in your area anywhere in the world.
> I'm probably in the running for a global authority on the subject.
And seriously delusional.
Mycelium bitcoin wallet is free, lets you control PKs, encrypted backup, Bip38 support, and local trade support.
Assuming you mean wallets in which you control the private keys, then here are a few good ones:
Just make sure you follow the appropriate backup procedures for whatever wallet you choose.
Edit: Interesting that I got downvoted, I guess I don't know what "coin control" means, anyone care to explain it to me so I understand for future reference?