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121 sats \ 1 reply \ @NeuroNinja OP 24 Sep 2023 \ parent \ on: Things I learnt today, (and some confusion) bitcoin
Hi @DarthCoin, I finally managed to swap shitcoin SOL to BTC.
https://void.cat/d/KHvfL3ty6uS6MpHJB13pm4.webp
I started with 10 USD, and ended up with around 7 USD. Also, this is my first ever transaction on Electrum wallet. I learnt about these wallets from your guides and made a wallet in my PC, backed up my keys and did my first transaction. I was literally fearing a lot if I am doing it right, from
Uphold to > Phantom to > SOL to > SimpleSwap and finally to > Electrum BTC.
Next thing I will try is to purchase BTC with https://hodlhodl.com/ as suggested in your guide. I will SignUp when I have saved some 100 USD for my first P2P purchase of BTC ever. Hope it all goes well, and Thanks a lot for bearing with me. It took me almost a week to learn and do all of the above steps one at a time. I was reading along the way.
- When you use Electrum:
- if you use it for onchain, set to display BTC not mBTC. That is more clear in your mind. mBTC is confusing and you will make mistakes. Guaranteed!
- if you use it with LN activated, set to display in sats. That is the unit for LN, so again you will not get confused when you will make transactions.
- Stop saying "saved some 100USD" when you talk about Bitcoin. It is BTC or sats. Nothing else! Everything on Bitcoin network is bitcoin or sats, remember that. You are niot saving USD, you are saving BTC. Stop using the fiat/shitcoin mindset. Now you are in the Bitcoin world.
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