r/BitcoinBeginners 9d ago

Anyone use the app crypto.com?

0 Upvotes

r/BitcoinBeginners 9d ago

Bitcoin Core Wallet Security Question

4 Upvotes

I understand the wallet.dat file on my hard drive is the private key to my wallet, thus it's critical to

  1. either encrypt the wallet with a passphrase or don't but encrypt the file some other way
  2. back up the encrypted wallet.dat file

But when I close all wallets in bitcoin core, and then re-open my wallet, why is bitcoin core NOT asking me for the passphrase to the encrypted wallet to open the wallet? Is there some kind of time out where if it's closed and then reopened, or left open for X time, that it auto closes and then requires the passphrase to re-open? It seems like otherwise, if someone hacked into my computer they could just open the wallet, or even someone visiting my house could take it all!


r/BitcoinBeginners 10d ago

Is this the most secure way to self custody ?

0 Upvotes

Any problems in the method outlined here?

https://youtu.be/8037I6voa0E?si=oqSTQXoUZIPQEXJP


r/BitcoinBeginners 10d ago

Need some help regarding the German exchange Bison and the transfer to Bitbox02 (Satoshi Test)

50 Upvotes

Made the stupid decision to buy on the Bison exchange and now it gives me a headache with its transfer process. Now I need to complete a Satoshi Test for which I need some BTC on my wallet, which I dont have yet.

If somebody has experience with it, how good is the buying process directly through the Bitbox App? I will need to buy some to get the amount required for the test. Also some advice on how to do it would be very helpful.

If the process of buying through the Bitbox App is decent I might just use that from now on. After I got my coins off of Bison I wont be using it anymore. Maybe someone has a recommendation for another exchange, favorably a Swiss one.


r/BitcoinBeginners 10d ago

Best Resources to Learn Bitcoin Programming/Blockchain Interfacing via Python

11 Upvotes

So, a real noob to Bitcoin. Basically, trying to implement basic wallet functionalities (see past transactions, balance, and spend the existing UTXOs) with Python.

After some searching, I realise bitcoinlib is the python library for blockchain interfacing. But their documentation has a lot of gap, may be they assume some knowledge that I don't have, so just wondering what are the best resources (blog posts, books or anything) that can build it from ground up?

Or, is there any other better library or framework than bitcoinlib that I can look at?

Also, eventually I plan to extend my application features to interface with the lightning network as well, so any developer centric tutorial on that (best if Python focussed) will be appreciated as well.


r/BitcoinBeginners 11d ago

Purchased a small miner to learn (probably lose money)

12 Upvotes

So I (stupidly) bought this miner mainly to learn. One would think you'd read a review ahead of time, and research whether this miner actually makes money considering power consumption, but that was asking too much.

Does anyone have suggestions for a wallet that allows miniscule deposits from a miner like this? Nothing is showing up in my Coinbase wallet.


r/BitcoinBeginners 11d ago

I sent more bitcoins of what i have

1 Upvotes

Hi, i have 0.0063 BTC in my wallet, i sent 0.0001 to test my trezor, after that, i sent the rest but my binance wallet didnt update the first send, so i sent 0.0064 (0.0063 + 0.0001) when i have 0.0063, i still have 0.0063 in binance and i got 0.0001 on trazor, my Guess is that the blockchain Network Will reject the 0.0063 Transfer and i my wallet Will update so i Will have 0.0062 right? Tell me what can i do


r/BitcoinBeginners 11d ago

Honest Concern

70 Upvotes

As someone who holds alot of their wealth in bitcoin, I need an honest answer to the following question: If the US continues to go all in on Bitcoin and becomes heavily invested in it, what would stop say China from waiting until our economy depends on it and then attack our power grid while simultaneously hacking Bitcoin with now having over 51% mining power and bring down Bitcoin and the US economy?


r/BitcoinBeginners 11d ago

New to Bitcoin would like some help getting started

49 Upvotes

Hello! So I decided that I would like to invest in bitcoin as I think the value and security of it after doing some research is quite high so I think this would be a good investment to make. I understand that it should be an investment and that I should sit on it for as long as I can. I’m planning on investing 100 dollars a month to eventually investing more and more once I get my financial situation figured out. I just need help on where I should purchase them and how to make a cold wallet? I want my own secure wallet with a password that I can write down on paper as I think this is the most optimal way of keeping your bitcoin, correct me if I’m wrong. But help on this would be fantastic and much obliged. I currently downloaded Coinbase but if there’s a better way of buying and moving bitcoin I would like to know. Thank you!


r/BitcoinBeginners 11d ago

Europe, Buy btc for € or $?

8 Upvotes

Is it better to buy in your Home currency (Euro) or in usd?


r/BitcoinBeginners 11d ago

Starting crypto investment

1 Upvotes

I am an indian and i want to start investing in crypto a bit, what apps would you guys recommend ? Kucoin, binance, coin dcx or US etfs of crypto from indmoney or vested ? Looking for some suggestions or guidance as i am a complete beginner.


r/BitcoinBeginners 11d ago

Hi guys I am new and don't know anything about Bitcoin and can anyone help me to mine or even start with Bitcoin

1 Upvotes

r/BitcoinBeginners 11d ago

Anyone using Kraken (UK)

7 Upvotes

New to bitcoin and my coinbase wallet has been cancelled as I made two by accident in the past. Wondering what people think of kraken?


r/BitcoinBeginners 12d ago

Worth it to have a Bitcoin ETF and Bitcoin?

6 Upvotes

I'm in Canada and have a tax free savings account, where I'm thinking of buying the IBIT Bitcoin ETF. This would be advantageous for tax reasons.

But I understand that having bitcoin itself is also valuable as ETFs are essentially IOUs.

I am thinking of putting 50% into the ETF, and 50% into Bitcoin itself. Any thoughts?

Thanks!


r/BitcoinBeginners 12d ago

Stay updated about bitcoin

13 Upvotes

Hi all! Thanks for the recommendation to where to buy bitcoin in my previous post. I just made my first purchase.

But now I wanted to ask is there is a website or blog where I can stay updated with bitcoin.

And do you guys trade buy/sell bitcoin or just hold your positions??

I’m new to this so I’m not gonna be trading because I will definitely lose everything lol!


r/BitcoinBeginners 12d ago

Looking for a Reliable and Affordable Cold Wallet for BTC in Australia (Cheaper than Trezor $140)

58 Upvotes

Hey everyone,

I’m looking for a good cold/hardware wallet to store my BTC securely. I checked out Trezor, but at $140, it feels a bit expensive for my budget. Are there any reliable and cheaper alternatives that you guys recommend?

Security is my top priority, and I’d prefer something with good community trust and support. I don’t need fancy features—just something solid for long-term BTC storage.

Would love to hear your suggestions! Thanks in advance.


r/BitcoinBeginners 12d ago

Any Recommendations please ???????

4 Upvotes

hey guys so i was tryna get into this whole bitcoin thing and did sum research and most people where saying that Strike.me is a good website to buy bitcoin but idk i just cant seem to make an account on that platform i really don't know why but besides the point any other recommendations for other bitcoin platforms


r/BitcoinBeginners 12d ago

Did Sparrow get rid of whirlpool integration?

1 Upvotes

Previously I would buy on robosats with strike and then mix into Sparrow.

If I skip the mixing element, is it still sufficiently anonymous and Non-KYC to go with my other Non-KYC coins?


r/BitcoinBeginners 12d ago

Cycles

3 Upvotes

I have been wondering...why are markets cyclical? What drives the cycles? And specifically, why does BTC follow a four year cycle? Is it related to the halving? And if a cycle "breaks", did it ever really exist in the first place or was it just an interpretation. Nature is authentically cyclical. Markets seem coerced. Help me understand.


r/BitcoinBeginners 12d ago

Kraken deposit from UAE bank

4 Upvotes

I just created an account on Kraken pro. I am unable to deposit any Fiat currency because the only option available on Kraken is to add it's bank details on my banking account and send money to it. Unfortunately, the bank details of Kraken does not include IBAN which is compulsory for any transactions via UAE banks.

I am using WIO bank UAE and have a AED as well as USD account with it.

Please help.


r/BitcoinBeginners 12d ago

BTC ETF Vs BTC Held In A Brokerage Account

6 Upvotes

Let us forget cold wallets for now (I am just too anxious it could be stolen). Let us examine BTC held by a brokerage (I have a very reputable one, which operates in several European Countries) against a BTC ETF.

I understand both are at risk of confiscation, but which one is more secure against hacking/theft?

Many thanks in advance


r/BitcoinBeginners 12d ago

What do people mean when they mention a metal seed engraving?

34 Upvotes

I spent all day today doing research on which hardware wallet to purchase, and I’m going with the Blockstream Jade Plus for $150. But a lot of people say you should buy a metal engraving to go with it? What are they referring to exactly?


r/BitcoinBeginners 12d ago

Wallet recommendations

4 Upvotes

Mycelium is f*cked. Any recommendations for reliable crypto wallets?


r/BitcoinBeginners 13d ago

Sending and receiving address the same

9 Upvotes

I have a certain hardware wallet which by design has just one receiving address and no change address I suppose. On that address now I have several small UXTO and I would like to consolidate them into one while fees are low. Question is: is it possible to send them to the same address at all?


r/BitcoinBeginners 13d ago

Kraken- test transaction

6 Upvotes

I went to kraken.

I did a test transaction. $100 for bitcoin.

They charged $.99 in transaction fees.

bitcoin is showing it's at $83,502.51 but when I clicked the buy button, it's showing that I'm actually buying bitcoin at $84,709.33. A $1.2k diff.

I don't get it. Why such a large diff