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380 sats \ 10 replies \ @DarthCoin 28 Dec 2024 \ on: Will you help me start? Just with basics for now. bitcoin_beginners
wow a lot of questions from the start, can you take it slower? And are quite mixed questions. You should categorize them a bit.
Here I will try to answer some of them and redirect you if is necessary to some material to read.
What are the best Bitcoin wallets for beginners to start with? (For both PC and Smart phone) What are the best beginner-friendly Lightning wallets? What wallet features should beginners prioritize when choosing their first Bitcoin wallet?
What’s the easiest non kyc way to start buying Bitcoin securely?
Are hardware wallets worth the investment for someone just starting out?
No. Simply no. Learn how to manage your own cold wallets.
Are there any risks specific to using the Lightning Network compared to on-chain transactions? How does the Lightning Network really works? and ensure privacy when making payments?
No. LN is Bitcoin. Pure and simple. Read more here:
How will I protect my Bitcoin holdings from being lost due to hardware failures or accidents? Why is a hardware wallet considered more secure than a software wallet?
HW to be more secure is a myth to sell you more toys. If you learn properly how to manage your wallets keys, you literally do not need any fancy HW. Make multiple backups. And use the 3 levels stash method
If someone loses their seed phrase, is there any feasible way to recover their Bitcoin?
No, is impossible. Forget it.
What are nodes? How can someone run their own Lightning node? Are there any special devices required?
Read more here:
How do I decide between a custodial and a non-custodial wallet?
Use the 3 levels stash method and use multiple wallets, by stages, as I explained here:
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?
Read here: https://fee.org/articles/what-gave-bitcoin-its-value/
More questions and answers that maybe you will ask here:
As you can see I wrote several guides (over 60). I suggest you to read THEM ALL.
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72 sats \ 6 replies \ @Undisciplined 29 Dec 2024
Darth, this was the post you were born to reply to.
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25 sats \ 5 replies \ @DarthCoin 29 Dec 2024
Alk these many years in bitcoinlandia I saw so many times these same questions that in the end I decided to write all these guides as an answer and use them when is needed instead of repeating over and over the same answer.
Yet are many other questions to be asked, specific ones, but I am always watching and take notes, building the next guides.
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0 sats \ 4 replies \ @Undisciplined 29 Dec 2024
How often do people start out by putting a list of questions together like this?
I'm more of a one-step-at-a-time guy.
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135 sats \ 3 replies \ @NovaRift OP 29 Dec 2024
To be honest, I was short on Sats, so I thought I should ask all of them in one go. This sub costs 75 sats for one post. But I will never repeat like this.
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33 sats \ 1 reply \ @DarthCoin 29 Dec 2024
that's ok, is understandable, you spend your sats wisely. Here are 100 sats for you next post.
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0 sats \ 0 replies \ @NovaRift OP 29 Dec 2024
Thanks a ton! Your help means a lot! 🙏 And your guides are too much helpful everything is covered nicely and I don't think I would need to ask questions anytime soon, but if I need help I will tell you here.
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0 sats \ 0 replies \ @Undisciplined 29 Dec 2024
There's nothing wrong with doing the heavy lifting on the front-end.
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12 sats \ 2 replies \ @NovaRift OP 29 Dec 2024
Oh my god, thank you very much. I've already started looking into your guides. 🙏 I had hopes I will get what I need here. And I will try to categorize them from next time.
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10 sats \ 1 reply \ @Bell_curve 10h
Coinos is a beginner friendly web wallet that supports on chain and lightning
@adam_coinos_io @coinoswallet
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11 sats \ 0 replies \ @NovaRift OP 10h
Yes! I've attached Coinos wallet to my SN wallet for sending and receiving sats. It's really good for newbies like me. Thanks.
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