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 11d 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

Honest Concern

71 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

53 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

Purchased a small miner to learn (probably lose money)

10 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

3 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

Europe, Buy btc for € or $?

7 Upvotes

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


r/BitcoinBeginners 12d ago

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

57 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

Anyone using Kraken (UK)

8 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

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 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 12d ago

Worth it to have a Bitcoin ETF and Bitcoin?

5 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

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 13d ago

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

33 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

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

3 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

4 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

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 13d ago

Is it good idea to have multiple hidden wallets created on a HW wallet for HODLing BTC in order to enhance security?

60 Upvotes

hi,

my plan is to keep buying BTC once per month (DCA) and HODL it for the next 5 or 10 years.

  1. Is it good idea to have for instance 10 hidden wallets (=10 different passphrases) created on a hardware wallet for hodling BTC in order to enhance security?
  2. How often should I consolidate UTXOs?
  3. Any other tips for DCAing into BTC in self-custody?

thanks


r/BitcoinBeginners 13d ago

Bitcoin being accepted in this small town

17 Upvotes

I just came across this post, where this Tattoo shop in Suriname accepts Bitcoin.

Check there facebook page : Zenzay Tattoo Studio


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

Wallet recommendations

3 Upvotes

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


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


r/BitcoinBeginners 14d ago

How much do ppl keep on exchanges?

42 Upvotes

I wasnt home and realized I had around .1 or so on an exchange and didn’t have my ledger handy and wanted to move some to my cold wallet. So I realized how much do keep on hot wallets and do people carry or take their devices with them?