Setting up a newbie #Bitcoin holder with self custody in the next few days. Less than 2M sats, around $1K value.
Thinking maybe we start with Sparrow for desktop, or maybe BlueWallet on mobile, instead of spending $60-$200 for a hardware wallet plus a steel plate, right from the outset. Would feel a bit like overkill.
He’ll get to learn about private keys and UTXOs this way, and I can also plant the seed (no pun intended) of caution around hot wallets, and explain why internet connectivity presents a small — but real — risk.
And when he stacks harder and/or NGU, we can do a new lesson on HWWs, privacy, offline storage/backups, and perhaps KYC.
Any advice/feedback for this approach? Other recommended software wallets? He bought his corn on CashApp, which I’m pretty certain supports a withdrawal to on-chain addresses (?) and not just Lightning…
I’m still new to user-onboarding with Bitcoin (ie a sit-down meeting, as opposed to setting my bartender with Wallet of Satoshi during a lull in business). So I’m all ears for advice 🫡
#plebchain
#onboarding
#asknostr
bostonwine / boston wine
npub14q…e2q26
2024-05-08 00:05:40
Author Public Key
npub14qz92uedt0a8jte8jqg63jr3s5cc99cej36jh883z6tprlu354uqqe2q26Published at
2024-05-08 00:05:40Event JSON
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"pubkey": "a80455732d5bfa792f279011a8c871853182971994752b9cf1169611ff91a578",
"created_at": 1715126740,
"kind": 1,
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"content": "Setting up a newbie #Bitcoin holder with self custody in the next few days. Less than 2M sats, around $1K value.\n\nThinking maybe we start with Sparrow for desktop, or maybe BlueWallet on mobile, instead of spending $60-$200 for a hardware wallet plus a steel plate, right from the outset. Would feel a bit like overkill.\n\nHe’ll get to learn about private keys and UTXOs this way, and I can also plant the seed (no pun intended) of caution around hot wallets, and explain why internet connectivity presents a small — but real — risk.\n\nAnd when he stacks harder and/or NGU, we can do a new lesson on HWWs, privacy, offline storage/backups, and perhaps KYC.\n\nAny advice/feedback for this approach? Other recommended software wallets? He bought his corn on CashApp, which I’m pretty certain supports a withdrawal to on-chain addresses (?) and not just Lightning… \n\nI’m still new to user-onboarding with Bitcoin (ie a sit-down meeting, as opposed to setting my bartender with Wallet of Satoshi during a lull in business). So I’m all ears for advice 🫡\n\n#plebchain\n#onboarding\n#asknostr",
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}