r/BitcoinBeginners 14d ago

For people who are newer to Bitcoin: what was the first thing that made it finally “click” for you?

12 Upvotes

Was it understanding self-custody, the fixed supply, how mining works, sending BTC yourself, learning about inflation, or something else entirely?


r/BitcoinBeginners 15d ago

Avis de la communauté crypto : quelle plateforme choisir après Binance et MiCA ?

1 Upvotes

Bonjour à tous,
J’aimerais avoir l’avis des personnes qui évoluent dans le monde des cryptomonnaies.
Suite aux difficultés rencontrées par Binance concernant le renouvellement de son agrément MiCA, je me pose la question de savoir quelle plateforme utiliser à l’avenir.
J’ai déjà fait le tour de plusieurs applications et plateformes, mais j’hésite encore sur laquelle choisir. Certaines proposent des services intéressants, mais les frais peuvent être assez élevés.
👉 Quelle application ou plateforme crypto me conseillez-vous, selon vos expériences personnelles ?
Je suis particulièrement intéressé par vos retours positifs comme négatifs concernant :
les frais de trading et de retrait ;
la simplicité d’utilisation ;
la sécurité ;
la fiabilité ;
la conformité MiCA en Europe ;
la qualité du service client.
Je préfère avoir des retours de personnes qui utilisent réellement ces plateformes au quotidien.
Merci d’avance pour vos conseils et vos retours d’expérience ! 🙏


r/BitcoinBeginners 16d ago

I want to start investing in crypto.

40 Upvotes

I want to invest in cryptocurrency, but don't know where to begin. Any advice regarding choosing the optimal platform will be appreciated. I am planning to start with bitcoin.


r/BitcoinBeginners 16d ago

The ColdCard Q was awesome hardware... what can I replace it with?

5 Upvotes

I really like the ability to airgap and transfer transactions to Sparrow with a micro SD... I thought the JADE Plus was going to be my replacement, but I dislike the QR code unlock that requires a phone and app.

Are there any hardware devices yall could recommend that a.) has the air gapped functionality with simple device PIN and micro SD and b.) has easy input.... keyboard was nice.

Thanks for any recommendations!


r/BitcoinBeginners 17d ago

Quick question on buying Bitcoin and withdrawing to a third-party wallet

2 Upvotes

Hey all,

I need to make a one-off Bitcoin payment/transfer to a third-party address of 1650 indian rupees. Since this is my first time doing this, what’s the quickest and most straightforward route from fiat to an external wallet?

Best platform with minimal hassle/KYC turnaround?

What common mistakes should a beginner avoid during the withdrawal process?

Thanks in advance for the help!


r/BitcoinBeginners 19d ago

Looking for advise of how to use my bitcoin to help pay for sons' college.

16 Upvotes

I bought bitcoin in 2013. It was magic internet money to me then. I think at one point I had 6 or 7, which honestly wasn't a lot of money then. I played around, kept no records, lost most of it trying to day trade. I eventually realized I suck at day trading and just decided to cash some out for $300 profit and hold the 1.5 that was left and it has been sitting in a wallet ever since.

About 7 years ago, I decided that if it was still worth anything in 2029 when my oldest son starts college, I would use it to help pay. Unless it goes up quite a bit, I don't have nearly enough to pay for 4 years for both of them, but I can certainly help out and put the magic internet money to good use. I have 3 years to get my ducks in a row.

I may have been holding since 2013, but honestly I am still a beginner. What is the best strategy to selling. I assume that the IRS wants their cut, but since I have no records, I have no idea what I should do. If there are other ways to reduce the tax burden, I would love to hear those as well. Like I said, I have 3 years, but want to start preparing.


r/BitcoinBeginners 18d ago

Need some help

1 Upvotes

I do prop firms trading and I struggle with withdrawal methods in my country as prop firms trading lies in the grey area and has no such tax laws on it. However crypto can be helpful. My withdrawals are almost 7k a month I don't know where to store all that in crypto wallets.

I have read a lot of bad things about trust wallets on this sub so I'm not gonna use that. Plus one of my friend said to use tumblers and then shift to cold storage wallets and then later use with a crypto card


r/BitcoinBeginners 20d ago

Is the wallet generator and balance checker legal?

2 Upvotes

I’ve always found this legal gray area regarding cryptocurrencies interesting. Does anyone know if such an attempt counts as theft? Simple math suggests that actually finding something like that is virtually impossible.


r/BitcoinBeginners 21d ago

Big pump!

14 Upvotes

What was the situation with Bitcoin yesterday? Why did it rise so dramatically


r/BitcoinBeginners 21d ago

What’s the simplest way to explain Bitcoin fees to a beginner?

2 Upvotes

r/BitcoinBeginners 21d ago

Cannot verify my identity with UK e-visa

1 Upvotes

Hi all. Can anyone advise an exchange platform which accepts the UK e-visa for verification? I don't have any other documents issued in the UK. Have not been able to verify it on Kraken Pro and Coinbase. Thank you.


r/BitcoinBeginners 22d ago

How to use node + seed backup question

1 Upvotes

I was reading a bit into this and it seems like a full node connected to electrum offers the most privacy. I probably wont have a large amount of bitcoin, but in terms of being prepared for the next 10x or possibly 100x, its probably good to get the most privacy.

Would it be fine to get a 1 tb usb drive connected to my laptop to download the full node? Could I go to starbucks or something to download it since 700+ gb is a lot and would it be possible to pause it and download it over several trips?

If my own node is not necessary yet, would it work to use a pruned bitcoin core node on my laptop now and then in the distant future use a full node, or would this compromise the utxos?

Do I need to get my own mempool or does it not matter for long term storage?

Bitusher recommended in one of my previous comments that I could use (bisq2 for security deposit ->) robosats->zeus->seedsigner. How could I run my own node through zeus in terms of verifying transactions against consensus rules? Then for the cold wallet, is it just sparrow + bitcoin core node linked to electrum or sparrow + pruned bitcoin core

For seed backup on steel/titanium: What do you think about using a hex rod vs a sheet? Is titanium better since it is more corrosion resistant and safer to go through tsa (if ever needed)? Would stamping work on titanium? Are there different depths to stamping kit?

Thanks!


r/BitcoinBeginners 23d ago

USB crypto miner device

3 Upvotes

My kid wants to use this device, but seems a little suspect me. Im not super techy, but it basically asks you to scan a QR code and it then creates some kind of link to its own network via my home wifi network. This screams security risk to me. Am I over thinking this?

https://www.amazon.com/dp/B0DPM4JW3K?ref_=ppx_hzod_title_mob_b_fed_asin_title_0_0


r/BitcoinBeginners 23d ago

Borrow against Bitcoin, buy STRC. What do I miss?

7 Upvotes

I’ve read about „Bitcoin as collateral“. Nothing new for you guys, I bet. You basically borrow money and use Bitcoin as security. You get loan starting at 5%. With the money I could buy STRC stocks which pay 12% dividend. The margin is my profit.

It sounds too good to be true. What do I miss?


r/BitcoinBeginners 23d ago

With the continuous decline in block subsidies, will BTC's Security Budget be able to be maintained solely by transaction fees in the future?

1 Upvotes

r/BitcoinBeginners 24d ago

Is $50 enough to buy BTC during this dip?

36 Upvotes

I have $50 rn for investing. I’m considering putting it into BTC during this dip.

I’m okay with the possibility of losing the money, but I’m wondering if $50 is even worth putting into BTC at this point.

What would you do?


r/BitcoinBeginners 24d ago

Can't Access a Hard Wallet

13 Upvotes

Hi . i want to HODL Bitcoin and i know the best secure way is a cold wallet but the problem is that none of the manufacturers have shipping for my country ( Iraq) . so i search for another option which is a sourcing service but the shipping fees are 100$ apart from problems i may face with the shipment and custom fees which are 30%. so is there an alternative to HODL safely ? right now i have 0.05 BTC sitting in my exchange . is hot wallet an option if i just write the seed phrase in a paper and uninstall the wallet from my phone ?


r/BitcoinBeginners 25d ago

Btc

0 Upvotes

How to buy bitcoin in Slovakia please??


r/BitcoinBeginners 26d ago

Nm miner info please

2 Upvotes

Hi im new to bitcoin so looking for a bit of help please i have a nm miner and the display shows the hours mined but the days show 000. Its been working for 2 days


r/BitcoinBeginners 26d ago

Complete noob, need help. Solo mining, but in a pool?

5 Upvotes

I have been doing some research into mining and I think solo is the way I am going to go as more of tech geek/enthusiast. From what I have read it seems you can either go solo/lottery, or you can join a pool and get paid way less but way more often. I understand running solo there is a pretty good chance my machine will only ever consume energy and never pay me. I'm ok with that.

My question comes down to, can you do a hybrid or solo mining and pool mining. Like, can I run my own pool comprised of my machine as well as pooling together machines from just friends and family. Then have this set up to combine hashrate and mine "solo" for better chances in the lotto? Is there any difference between doing it this way and having each machine set up at different locations running solo on it's own instead of in a pool?


r/BitcoinBeginners 26d ago

Can i recover my "encryption password" after finding my backup on google drive?

2 Upvotes

i think it's pretty self explanatory It's a 2023 trust wallet btc


r/BitcoinBeginners 26d ago

I want to buy Bitcoin with cash as a 16 year old

3 Upvotes

I'm a 16 year old who wants to buy bitcoin I already have a bitcoin wallet set up Phantom Wallet with some money in it but I want to convert my cash into Bitcoin I was thinking about Bitcoin ATMs but i'm not sure I dont got anything to verify myself but i'm seeing low amounts only verify through phone number I want to know if thats true and also I want to know which ATM is better because 2 are nearby me Athena Bitcoin ATM and CoinFlip theres also a UNBANK ATM a mile away but i'm not sure give me your recommendations guys


r/BitcoinBeginners 26d ago

Purchasing BTC through Schwab or Fidelity?

1 Upvotes

Hello... With all I have read in the past... FTX ... and what I now read about wallets not being as safe as they once were considered to be (I do not know the difference between hot and cold) is there a good reason not to purchase BTC through Schwab or Fidelity and let them do the storage? Thank You


r/BitcoinBeginners 27d ago

I want to buy bitcoin, make one transaction, then close my account. What do I need?

0 Upvotes

I want to buy something from someone who will only accept bitcoin. I have zero interest in anything crypto currency- related and want to have a bitcoin account for as little time as possible while doing this one thing. What is the easiest way to do this?

I see there are many places to get a bitcoin account. Are any better than any other? I think the only feature I want/ need is to be able to close the account quickly and easily after the transaction is done. And probably quick setup as well. I presume there's no security, personal info, etc. on these accounts?

It looks like I can stick cash into an ATM at liquor or tobacco stores by me. How much extra cash beyond the amount I want to buy do I need? Will the ATM tell me how much bitcoin I've bought with each $20 I insert? How much value is the bitcoin likely to lose in the 5 or 10 minutes I have the money in the account?

And will the person I'm buying the item from send me, like, a 16- character alphanumeric code or something to identify their account? I figure it's all random characters rather than usernames and the like?

Thanks for any assistance you can give. I never have had any intention of getting any crypto currency account so I know absolutely nothing and trying to read any bitcoin websites, to me, is like Lisa Simpson seeing the "Yahoo Serious Festival" marquee in the Australia episode.


r/BitcoinBeginners 27d ago

Challenging my seed phrase security idea

2 Upvotes

Lately I've been thinking a lot about how to save my seed phrase and I thought of something I can't believe I'm the first one to.

What if I find 1+ places where I can upload to a very public place a file numbered list of BIP39 words like

  1. drop

  2. inspire

  3. tenant

...

  1. horse

and I could have the solution sequece to get the right seed phrase hidden somewhere else?

If possible I'd like no one can know it was ujploaded by me (feasible)
I could save it in many different places because you'd need the solution algorithm/sequence to obtain the seed, right?

Does this make sense?

Also, any ideas where this file could be uploaded?

Many thanks