r/BitcoinBeginners

My biggest problem with Bitcoin is there is no financial incentive to running a node. Only to holding bitcoin or mining. Therefore I see nodes as going to be not populous enough to support their function in the network.

Hi there, i've been in bitcoin for about 6 months now

I got in to bitcoin only hold and never trade, i initially bought a ledger wallet back then but since then have learned more about their history with data breaches. Also their recovery service doesn't sit well with me.

Anyways, i've been looking into the trezor safe series

I like that its open source and have bitcoin only options.

Would it make sense to buy a safe 7 for holding, I plan to hold for a very long time

Would I be fine with the cheaper models

Or am i just being paranoid

Thanks!

Hello friends! I've just recently decided to get into crypto, it's always seemed interesting and why postpone further, right?

Now, I set up an account with a broker/exchange (not 100% on terms yet). They asked what I intended to use the platform for, and I answered honestly, stating I wanted to learn to use crypto, long-term saving/investment and the occasional purchase of online goods and services. They asked for a specific example of a purchase I would potentially make and I said Mullvad VPN simply because I know they take crypto and it seemed like an easy way to try using the bitcoins I purchase (or satoshis, I guess?). I was then told they don't allow that. Okay? KYC and compliance, fair enough, I get it. But uh... Where is the line drawn?

My initial thought was "Aha! I move it to a private hardware wallet, then it's not through them!" but I'm guessing it isn't that easy? From my understanding it can still be traced back to me and that the coins came from them. Is that a workaround, or could that lead to me getting a slap on the wrist? What else am I not allowed to do with the coins I purchase, aside from the obvious "anything criminal" category?

I've looked into what DCA is and that's what I plan to do, and when I'm a bit more comfortable I'll get my own wallet and eventually a hardware wallet when I actually know what I'm doing. Exciting adventure so far, but somewhat confusing on legality.

Thanks for reading, I hope you have a really good day/evening!

I have been searching through crypto apps to link to my business accounts. And I came across one called Binance is anyone on here using this app? And if you are, can you tell me, what your experience with it has been like please.

Idk why it’s not letting me post the screenshot but a few years ago I bought bitcoin on cashapp & today I check & it says I have $22.73 BTC and/or ₿29,593.

Do I only have $22.73 usd after all those years or am I big money?

I’ve been putting off getting into Bitcoin because every app seems to have different fees, spreads, or hidden costs. I’m finally ready to start small, probably around $220, and I’d rather set it up once through my bank account and keep it simple.

For someone just steadily stacking Bitcoin over time, what platform do you think makes the most sense right now?

Ive never DCA'd before, i bought bitcoin pretty much lump sums early 2025 so closer to the top from where we are now, i figure this time i should just start the DCA, i have a offset account so i leave my savings in there that helps lower the interest on my mortgage, can i DCA direct from that account in to bitcoin, or i would have to transfer my money into some type of exchange and select how frequently my buys would be and how big? Obviously would suit better keeping the money in the offset to help with interest, looking for advice on the cheapest and best methods to do this, or would it be best to just buy smaller lump sum amounts when i can rather than setting up a DCA? I use coinspot to buy here in aus

I’m trying to build better security habits before putting more money into bitcoin.

So far, my basic checklist is:

- never share a seed phrase

- use 2FA where possible

- avoid keeping too much on any exchange

- send a small test transaction first

- double-check addresses before sending

Are these enough? What else risks do I need to pay more attention to?

Finally I tried a small BTC spot order, only around $80, just to see how the process works. The buy itself was simple enough, but I still got a bit confused when choosing between market and limit orders. Market felt easier, but I’m not sure if it’s a good habit long term. Not sure what to do, any advice?

I was looking into wallet recovery options and noticed that some of them ask you to upload the full wallet file.
Even if it is encrypted, that feels a bit risky to me.
Is this normal, or are there safer ways where you do not have to share the whole wallet file?

Hey everyone, I finally took the plunge and bought my very first fraction of a Bitcoin today! It’s only $50, but it honestly feels pretty cool to finally be in the game after watching from the sidelines for months. I used a major exchange to buy it, but now that it's sitting there, I'm a bit confused about the best next steps for a absolute beginner.

Should I just leave it on the exchange for now since it’s a small amount, or is it already time to look into a personal wallet? I’m planning to add a little bit more every month (I think you guys call it DCA?), but I want to make sure I’m building good habits from day one. Any simple tips on security or things you wish you knew when you first started would be amazing. Thanks!

Starting a new job soon which will give me enough to invest in BTC after watching from the sidelines. Planning to use strike for my investmetns and dca'ing quite agreessively to reach at least 0.21 of a bitcoin as a bare minimum in the next 24 months.

My main question is would anyone recomend dca'ing daily as opposed to monthly to offset the higher volatility in swings? Obviously im holding for long term and not looking to sell but i think this may be more beneficial to me?

Hi everyone, I’m a complete beginner in the crypto world — literally zero experience.
I opened a demo account on Binance to start simulating trades, but I understand that practice alone isn’t enough without some theoretical foundation.
My idea is to study and practice on the demo at the same time.
Can anyone advise me:
• Where to start to understand the basics of crypto and what to study — blogs, books or something else? And if so, which ones do you recommend?
• Is it better to study crypto in general, or start specifically with Bitcoin, or focus on the crypto I’m thinking of investing in?
Thanks everyone!​​​​​​​​​👋

Is this a legit one? It seems easier to use it also provides a card like apple pay , or is it something like binance?

je m'y connais pas du tout et j'aimerais rejoindre une pool avez vous des conseils ou memes des informations a me donner je suis ouvert a tout

Bitcoin is testing the $78,000 region today. The market feels completely undecided, and macro uncertainty is keeping retail on the sidelines.

If you had to bet on the next major milestone, do we break back up to $100k first, or do we slide down to test the $65k major support band? Let’s hear your thesis.

The majority of people who take Bitcoin self-custody seriously spend real time getting it right. They research hardware wallets, understand the difference between hot and cold storage, write down their seed phrase, store it somewhere safe.

Then they never tell anyone it exists.

I started thinking about this after helping a friend set up a Coldcard. The whole process took about two hours. At the end I asked him — if something happened to you tomorrow, could your wife access this? He stared at me for a second and said no. She doesn't even know he owns Bitcoin.

That's not unusual. It might be the norm.

The problem isn't that people are being careless. It's that the self-custody conversation ends at security and never gets to access. We optimize hard for making sure no one can take our Bitcoin and forget to make sure the people we'd want to have it actually could.

A few things that actually help:

A letter of instruction — not in your will, because wills get probated and take time. A separate sealed document that explains what Bitcoin is, where the hardware wallet is, what the seed phrase is and where it's stored, and the steps to access it. Give it to your executor or a trusted person.

Wallet inventory — every wallet, every exchange account, every platform. Written down somewhere your family can find it. Not the seed phrases themselves — just the map.

A trusted contact who understands Bitcoin — someone your family can call who can walk them through recovery if needed. Not to hold your keys. Just to be a resource.

Test the handoff — explain the process out loud to your spouse or whoever would inherit. If they can't follow it, it needs to be simpler.

None of this requires sharing your seed phrase with anyone. It just requires making sure the people you love aren't left with an inaccessible wallet and no idea what to do.

The lock is only useful if someone you trust can open it when it matters.

Nothing feels the same anymore

Stocks moving 2% in a month now feels like watching paint dry after being in crypto.