Bitcoin in Ten Steps

Bitcoin in Ten Steps

• Read The Bitcoin Whitepaper by Satoshi Nakamoto
• Read The Bitcoin Standard by Saifedean Ammous
• Setup recurring buys of bitcoin with no fees on River
• Earn bitcoin listening to podcasts on Fountain.fm
• Interact with a lightning wallet of your choice: Phoenix, Aqua, Zebedee, Breez
• Use Tapsigner with Nunchuk to create a spending wallet
• Watch Timechain Calendar and mempool.space for fee estimation, block timing, basic mining data
• Use Coldcard with Nunchuk or Sparrow to create a cold storage wallet
• Accumulate bitcoin into cold storage being mindful of UTXO size ***
• Avoid any situation where you will need to sell bitcoin for USD

*** Cold Storage and UTXO size - See this article by Tom Honzik from Unchained:

What is a bitcoin UTXO and why do they matter? - Unchained

Although many users may not realize it, all bitcoin wallets need some level of maintenance to be properly managed. If you’re using a custodian, they take care of these things. However, when you hold your bitcoin in self-custody, no one is responsible for managing your wallet but you. To maintain your wallet properly, you’ll need […]

UnchainedTom Honzik

Content is for leisure, enjoyment and education and is not financial advice. Artwork designed by Proof Bitcoin.

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