Hi everyone, I’m new to Bitcoin and decided starting fresh from 2025. I’ve made a promise to stack as much Bitcoin as I can throughout my life, but right now, I’m at zero. Thanks to this user [@siggy47] he paid my comment enough to post here and now I can comment and pay others too. Now I’m focused on learning the basics like private keys, wallets, and the Lightning Network. It’s a long journey ahead, but I’m excited. Grateful to be part of this community!
Please help me get the answers to some general questions before I start, so I don't end up in any problems. I took these questions from Reddit and Forums because I am still confused. I feel like you could help.
👉What are some common mistakes people make with private keys and how can I avoid them?
👉How do multisig wallets work, and should I consider using one?
👉What’s the easiest non kyc way to start buying Bitcoin securely?
👉What are the best Bitcoin wallets for beginners to start with? (For both PC and Smart phone)
👉Are hardware wallets worth the investment for someone just starting out?
👉How will I securely back up my wallet’s seed phrase?
👉What are the best beginner-friendly Lightning wallets?
👉Are there any risks specific to using the Lightning Network compared to on-chain transactions?
👉What are the most common Bitcoin scams, and how can I spot them?
👉How will I protect my Bitcoin holdings from being lost due to hardware failures or accidents?
👉Should I be worried about phishing attacks, and how can I protect myself?
👉How will I ensure that a Bitcoin transaction is legitimate before sending funds?
👉What are the best practices for generating and storing private keys securely?
👉Why is a hardware wallet considered more secure than a software wallet?
👉If someone loses their seed phrase, is there any feasible way to recover their Bitcoin?
👉How does the Lightning Network really works? and ensure privacy when making payments?
👉What are nodes? How can someone run their own Lightning node? Are there any special devices required?
👉How do I decide between a custodial and a non-custodial wallet?
👉How does the user experience differ between custodial and non-custodial Lightning wallets?
👉What wallet features should beginners prioritize when choosing their first Bitcoin wallet?
👉How do you explain Bitcoin's value proposition to someone completely new to it?
👉How does Bitcoin derive its value when it’s not backed by a government or physical asset?
I have asked a lot I have more. I just want to start with the basics. Really appreciate your help! 🙏