George203BTC on Nostr: A step by step guide to share with no coiners, so you don't have to waste hours of ...

A step by step guide to share with no coiners, so you don't have to waste hours of your time.

Step 1:

Read the following document. In 15 minutes, it covers almost every topic relating to Bitcoin.

https://george203.substack.com/p/bitcoin-basics?sd=pf

Step 2:

Read the bitcoin whitepaper. The original document published by Satoshi Nakamoto in 2008.

https://bitcoin.org/bitcoin.pdf

Step 3:

Watch the videos in this YouTube playlist, in order is best. You can probably move onto step 4 after the first few videos. But be sure to keep watching, as there is a lot you can learn here, in around 24 hours of videos.

https://youtube.com/playlist?list=PL1D6Yv8tqcOJ_3OjzWrvf-XEBq0rys1nI

Step 4:

Purchase bitcoin from an exchange. Below are the best options imo based in the UK, each have different fees for purchases and withdrawals, and different ID verification levels known as kyc.

https://relai.app/ (1-2% buy fee, no kyc for small purchases, no withdrawal fee)

https://peachbitcoin.com/ (2% buy fee, no kyc, no withdrawal fee)

https://www.kraken.com/ (0.26% fee, need kyc, 0.0002 BTC withdrawal fee or free with lightning)

https://nexo.com/ (0.2% fee, need kyc, 1 totally free withdrawal per month)

https://www.coincorner.com/ (1-5% fee depending amount, need kyc, no withdrawal fee)

https://pro.coinbase.com/ (0.6% fee, need kyc, withdrawal fee varies depending on network traffic)

Step 5:

Withdraw the bitcoin from your exchange account to a self custody wallet where you hold the keys, ideally a hardware cold wallet or your own node, otherwise a mobile hot wallet. Relai and Peach come with a mobile hot wallet. Below are some other wallet recommendations.

https://blockstream.com/green/ (mobile hot wallet, liquid network wallet, connect to hardware wallet)

https://samouraiwallet.com/ (mobile hot wallet, connect to hardware wallet, high privacy features)

https://blixtwallet.github.io/ (mobile hot wallet, lightning network wallet, lightning mobile node)

https://blockstream.com/jade/ (hardware wallet, liquid network wallet, bitcoin miner)

https://coldcard.com/ (hardware wallet, extra security features)

https://bitbox.swiss/ (hardware wallet)

https://nunchuk.io/ (mobile hot wallet, connect to hardware wallet, multisignature)

https://bitcoincore.org/ (official bitcoin node, best security of all, not for beginners)

https://umbrel.com/ (unofficial bitcoin node, lots of extra features, highly secure)

Step 6:

Always keep learning, run your own bitcoin and lightning nodes, open lightning channels, start a NOSTR account.