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What is Bitcoin? Bitcoin is scarce, decentralized, and global digital money that cannot be censored. Transactions once confirmed generally cannot be reversed Less than 21 million Bitcoin will exist Bitcoin is highly divisible to allow for micro-transactions (up to 13 decimal places in a payment channel) Bitcoin is an open, collaborative project that no company or government controls belonging to the people Bitcoin is more than just money, but a secure timestamping ledger, payment rail, and smart contract platform Please read the Whitepaper for an general overview of bitcoin as designed https://bitcoin.org/bitcoin.pdf Quick Advice Do not respond to strangers messaging you with investment advice or offers and read how to avoid being scammed from the posts below. Do not invest in Bitcoin until you do basic research, paid off all high interest debt, and have a emergency savings account of a stable fiat currency. If investing do not expect to get rich quickly. You should expect to wait at least 1-2 years before taking profits. Bitcoin is currently very volatile. In the interim spend and replace Bitcoin because its a useful currency. Beginners should avoid all mining and day trading until at least very familiar with Bitcoin. Mining is very professional(You cannot efficiently mine with your computer and need to buy special ASIC machines) and most people lose money day trading. More info on mining : r/bitcoinmining Never store your Bitcoins on an exchange or web wallet. Buy your bitcoins and withdraw it to your personal wallet where you actually own them instead of IOUs. Services like webull should be avoided because you cannot withdraw or use Bitcoin. Make sure you make a backup of your wallet(software holding keys to your BTC) and preferably keep it offline and physical and private. Typically 12 to 24 words you write down on paper or metal. This onetime backup will restore all your keys, addresses , and Bitcoins on a new wallet if you lose your old wallet. Beginners should avoid altcoins, tokens, and ICOs at least initially until they learn about Bitcoin. Most of these are scams and you should be familiar with the basics first. Bitcoin is referred to as BTC or XBT. Exchanges Requiring ID Verification Bitcoin = BTC or XBT on exchanges Exchange Buy fee* Withdraw BTC Notes Cash App Sliding ~0.75% to 3% 0 Same day withdraw for free, USA only Coinbase 1-7% 2-8 usd ~7Day hold on withdrawing Bitcoin for ACH deposit Coinbase Advanced trader 1.20 % taker 0.6% maker and lower 2-8 usd ~7Day hold on withdrawing Bitcoin or €0.15 EUR SEPA fee Gemini 1.49% over 200usd for web network fee Gemini Active trader 0.4% Taker 0.2% maker network fee Kraken Pro 0.25% maker 0.40% taker 0.000015 BTC or Free LN Deposit Fiat=USwire+5USD or SEPA free Swan 0.99% 0 Fees decrease based upon buying plan Bitcoin Well 1% 0 USA and Canada Coincorner 1% for over 300 network fee UK exchange, 2.5% for card/free uk bank deposit Strike 0.99%- 0.39% fees 0 Free DCA investing option Note: Exchanges all have unique market prices and spreads so fees alone will not tell you the best rates. Best way is to directly compare the rates between exchanges. Buy fees above are for normal trading volumes. Verification and hold times can vary based upon lack of history, verification level or credit. During bull markets when exchanges are extra busy it is normal to see very slow and poor customer support due to the amount of new clients and support tickets. We see many complaints due to this across all these exchanges. This is part of the reason this subreddit exists , to help answer questions for new users. More exchanges per location For a preferred way to buy Bitcoin without ID use a Decentralized Exchange (DEX) use https://bisq.network or https://learn.robosats.com/ Recommended Wallets Tip: If you cannot afford using a hardware wallet use a recommended wallet in ios or android. Windows and macOS are less secure environments. Best wallets for securing small amounts of BTC Blue wallet Android and IOS and macOS https://bluewallet.io/ https://www.youtube.com/watch?v=R9mq1a8bLbQ electrum For Windows, MacOS, Linux and Android https://electrum.org/ https://https://www.youtube.com/watch?v=NNZdbYd8PUQ Blockstream Wallet For Windows, macOS, Linux, IOS and Android https://blockstream.com/app/ https://www.youtube.com/watch?v=DesN85bWmGA Best wallets for securing small amounts of BTC and sending lightning transactions Breez LN wallet for Android and IOS https://breez.technology https://www.youtube.com/watch?v=t_4b-y4T8bY Or Blockstream wallet https://www.youtube.com/watch?v=QtMXsJxx1X0 Or ZEUS https://zeusln.com https://www.youtube.com/watch?v=oIohVX7PeAA Or Phoenix https://phoenix.acinq.co/ https://www.youtube.com/watch?v=cbtAmevYpdM Other Lightning wallets - http://lightningnetworkstores.com/wallets Lightning wallets are not intended for long term storage where you never open them for many months. They are intended for spending wallets that you regularly use. Securing Larger amounts of Bitcoin Trezor Safe 3 = ~79 USD https://trezor.io/trezor-safe-3-bitcoin-only https://www.youtube.com/watch?v=qWRI4VTHiuI Blockstream Jade = $79.99 https://store.blockstream.com/products/blockstream-jade-hardware-wallet https://www.youtube.com/watch?v=cLFmd98mKNw https://www.youtube.com/watch?v=z2VsgoFh78o Blockstream Jade Plus = $149.00 to $169.99 https://store.blockstream.com/products/jade-plus https://www.youtube.com/watch?v=rv_cN7F7-TM BitBox02 Nova = $166 https://shop.bitbox.swiss/en/products/bitbox02-nova-79/?edition=bitcoin-only-edition https://www.youtube.com/watch?v=6D4FgJo3j64 Cold Card Hardware wallet = $177.94 mk4 https://store.coinkite.com/store/coldcard https://www.youtube.com/watch?v=kocEpndQcsg https://www.youtube.com/watch?v=f8dBNrlwJ0k Seedsigner ~80-100 dollars pre-assembled https://seedsigner.com/ https://www.youtube.com/watch?v=AZqlIkJf0mA https://www.youtube.com/watch?v=1c5SR8v8l1M Best Advanced Bitcoin Wallet= Sparrow To link your hardware wallet to and run a full node. Pros= Great privacy and security Cons= UX is for more experienced users, takes ~week to sync and requires ~7GB minimum disk space if pruned. Only available in desktop so typically should be used with a hardware wallet https://sparrowwallet.com/ https://www.youtube.com/watch?v=HLi8p9aTlBQ https://www.youtube.com/watch?v=GSHyKTigNQY Further Resources https://www.lopp.net/bitcoin-information.html https://www.lopp.net/lightning-information.html https://bitcoiner.guide https://planb.network submitted by /u/bitusher [link] [comments]

I spotted $1.6B+ pouring into Bitcoin ETFs in just two weeks. With BTC at $115K post-halving, is this institutional FOMO or true mass adoption? Newbies: How do you make sense of this ETF hype? Scary or exciting? HODLers: Did ETF inflows change your strategy (more DCA, less trading)? submitted by /u/Effective_Box3504 [link] [comments]

Has anybody used strike to buy bitcoin submitted by /u/agent006_5 [link] [comments]

Theres a lot of bash on crypto in paypal back then, but is it still bad now i invested into bitcoin on paypal recently, but switched to strike. Im wondering if I was overreacting and should stay on paypal. submitted by /u/Turbulent-Buddy-388 [link] [comments]

idk where to buy bitcoin and store it so i can send it later and build on it submitted by /u/Fun_Treacle_2375 [link] [comments]

Knots is maintained by a single developer (with a somewhat questionable history), and if the majority of the network moves to it, wouldn’t that push us toward centralization? That doesn’t sound good. submitted by /u/rupsdb [link] [comments]

I am interested in learning about crypto/Bitcoin. Can anyone point me in the direction of some sites to look at so I can learn all the ins and outs please? I have seen so many people getting scammed and I want to make sure I am safe. Also, in case it makes a difference, I am in Australia. Thank you submitted by /u/SherbetUsual7105 [link] [comments]

I run an on demand bitcoin full node on my old laptop I want to run CLN on a separate system which will be online 24/7 and talk to Bitcoin Core installed on the laptop Need cheap hardware which can achieve this? I've a old RPi3 but it seems to be unreliable for this purpose Any recommendations? submitted by /u/rupsdb [link] [comments]

I'm doing a few dollars a day BTC purchases to learn about the whole thing. At some point I'll set up a cold wallet and try to manage some small amount via that. At what point did you switch to being a more aggressive buyer and what triggered that decision? submitted by /u/TeachRemarkable9120 [link] [comments]

I have 2 account to store my bitcoin, tangem cold wallet and bybit itself. I transferred some of my bitcoin to tangem to keep it safe, while i keep some in bybit for easy transaction. I opted for DCA invest since i believe that is best for my current situation, and i always keep notes every week of how many i invest and how much i have. Question is, today i checked my bybit and tangem acc, the bitcoin in my bybit has increased, while the one in my tangem decreased, i was confused, how is that possible?? While my bitcoin is in 2 different account, it should be still in the same “market” so how come my 2 account show 2 different fluctuation? Somebody please explain submitted by /u/FirstTurnip9863 [link] [comments]

Hey Reddit, I have an old BTC.com (Blocktrail) wallet from 2018 with 24-word seed + PDF backup, but no computer. Here’s the problem: the xpub in the PDF shows a balance, but when I enter the 24-word seed in mobile wallets like Electrum, it generates a different xpub and shows zero balance. Anyone recovered theirs on mobile tanks! submitted by /u/Green_Cartoonist_104 [link] [comments]

Question to those in the know; under cost basis tab - transfers out button -all statuses, I see 3 separate lines with different dates of transfers stating “Needs Review” What exactly does this mean? Hover over hyperlink click and taken to a sub tab that shows details of transaction but at the bottom is a “Save” button. What does this do! TIA submitted by /u/Rscottys1 [link] [comments]

16M, I really wanna start investing at bitcoin and crypto overall but how can I buy without giving any id’s and stuff? submitted by /u/Admirable_Box_2343 [link] [comments]

Hello, I am not a US resident but I have a US based bank account that I would like to use to buy BTC using ACH, is there any exchange that will allow me to do such thing? Tried coinbase and kraken but they won't allow me to do it. Thanks submitted by /u/s4m1_ [link] [comments]

They are pretty much payed off due to my initial btc investment (1k) Are there any better options? submitted by /u/Scraps-LEGO [link] [comments]

I would like to add a passphrase to my cold wallet(s) and use words from a book or written material. My thought is to pick some written material that is readily available, create a random string of say five numbers between 0-20, then use those numbers to select words from the material, eg: each number might correspond to a word of a chapter. This would only require me to remember the written material and numbers, or write the numbers down in a safe place, but not the written material title. Thoughts? submitted by /u/roksolud [link] [comments]

Throw away account for this post. I have a new business that sells a high dollar item and I expect it to generate profit this year. While I offer the ability for clients to pay in BTC, no one to date has done so. I thought that I could convert any income into BTC and then take out a loan (something like LEDN?) to use to pay my suppliers and workers. What would your thoughts be on this? What are the downsides I might be missing? submitted by /u/Ill_Warning609 [link] [comments]

If I use the strike mobile app in Europe, does this give me a pretty low fees + good spread when I do daily/recurring buy orders? I heard that Kraken Pro might have the best spread + low fees combination, but if the difference isn't too big I'd like to make recurring transactions and not having to worry about it. Also sending it to a cold wallet (trezor) afterwards. submitted by /u/SituationOwn2393 [link] [comments]

I've been manually purchasing BTC on Coinbase every week with the help of the reminders app on my phone, but I want to stop doing that and just set up DCA. From my research it seems Strike and River are the best options the lowest amount of fees. Can anyone advise what the best strategy is to have the lowest amount of fees for the 1st week? Can I do a $1 recurring buy ($7 in fees for the 1st week) and then increase the DCA amount to my intended amount afterwards? If I were to do this, would that work or would I have to create a separate recurring transaction with the new amount and pay fees again? submitted by /u/squid_the_kid [link] [comments]

Hi guys, I'm a little drowned from all the info out there and reading through the FAQs. I have some btc from back in the days around 2013/2014, i recalled using mycelium wallet and when the price of btc rose even more, i got a ledger and threw everything in. It's an amount i'm comfortable retiring on but I'm still young and i believe it could go much higher hence i'm continuing to hold on for the next 10-20 years. I'm currently using a ledger nano s when it first released, have the btc security changed so much that i'll need to migrate the coins to another wallet or am i still good using the ledger nano s? I think i got the ledger almost 10 years ago. I have not plugged it into any computer since 2019-ish. submitted by /u/licoricewhitebear [link] [comments]

Hi, I am a new student in Canada and want to transfer my money from my homecountry here through bitcoin. Do you think that this could work? submitted by /u/Automatic-Advance215 [link] [comments]

Just delivered today! Excited to get started reading into this journey 😉😎 submitted by /u/Rscottys1 [link] [comments]

If you have only 2000 dollars to your name, would you invest 1000 of it into bitcoin, is it safe, how much would I gain or lose and how would I do it. Or would some kind of a stock be better and which one? submitted by /u/FlamingoSoggy8345 [link] [comments]

I usually talk to my girlfriend about crypto around once a week, but lately it’s been almost everyday. The conversations are typically about big news events, then Bitcoin specially because it’s harder to explain everything else without her understanding BTC. She’s starting to grasp Bitcoin and it’s awesome. But, I find myself in the rabbit hole often. If anyone’s found a better way to talk to their partner about Bitcoin without falling in the knowledge rabbit hole, I’m all ears. submitted by /u/youngB0302 [link] [comments]

Hi there, So I accumulated a sum on my exchange with btc. As I'm nearly not educated enough on btc. I'm scared to move my btc from the exchange to my cold wallet. I bought a ledger nano S. Never set it up and never used it because I'm afraid to move it. My thoughts: What if the cold wallet breaks? What if I forget the seeds. (I know metal plate etc. But somehow that could get lost also) What if I make a typo while moving it. Maybe all of those things that come up to my mind are just because I don't know enough. I have a feeling that my BTC is safe on the exchange side - but I'm somehow getting more and more Phishing Mails, text messages etc about BTC as more I have on the exchange - could this be a correlation? Do somehow scammers know ? Before I never got messages about BTC - but I also had none. So am I making a big deal about the wallet and should just set it up ? Maybe I'm just panaroid because of the Phishing messages I'm getting lately. Don't DM me - I will not react to DM's. Thanks! submitted by /u/Upstairs-Algae-7931 [link] [comments]

Hi everybody! From Portugal, and 1st time posting here :) I´m new at Bitcoin investments, and recentrly i bought 50€ in Bitcoin at 95.950,77€ (111113,05$ aprox.) Right now the btc value its 96136,50€ (185,73€ dif. positive +), but its look like i'm in a loss... when btc its in a raise... Can someone help me understantd this..? Maybe its a naife question... hope its the right Sub :) Thank you all. Good investments! submitted by /u/Powerful_Tourist2356 [link] [comments]