- Starting simply and improving is better than than not starting at all
- It’s more engaging to use tools before reading a detailed explanation
- Always keep full control of your bitcoin (use non-custodial tools)
- Stay focused and avoid scams (use bitcoin-only tools & services)
|1.||Get a Wallet|
|2.||Buy some bitcoin|
|3.||Why use bitcoin?|
|4.||What is bitcoin?|
|7.||Running a Node|
|10.||Bitcoin MicroPayments (Lightning)|
Step 1. Get a Wallet
Aim: Make and backup a bitcoin wallet
- Download Samourai Wallet for Android or Blockstream Green wallet for iOS.
- Make a new wallet and write down the words presented to you using pen and paper. These words act as a key to access your bitcoin.
- Make another copy of these words (again, using pen and paper) and put them both somewhere hidden/safe in your house.
- In the wallet, click receive and copy the address shown on screen, this can be done by clicking on the QR code.
Step 2. Buy some bitcoin
Aim: Get a small amount of bitcoin
- Only buy a small amount of bitcoin to start (in a later step we will improve your backup redundancy).
- These recommendations let you buy bitcoin quickly at the cost of reduced privacy.
- Buying Privately is detailed in a later step.
USD (1.5% Fee)
- Check cashapp on Trustpilot
- Download Cashapp from the app store.
- Make an account & connect a Debit Card.
- Buy 25 USD of BTC.
- Find the Withdraw Bitcoin button, specify an amount and paste your first bitcoin address from Step 1. 5. Wait for the funds to appear in green wallet (< 24 hrs).
AUD (0% Fee)
- Check Bitaroo on Trustpilot
- Go to Bitaroo Express Buy.
- Sign up & deposit 25 AUD.
- Buy 25 AUD of BTC.
- Click ‘Withdraw’, paste your first bitcoin address from Step 1, click ‘max’ amount to withdraw, confirm.
- Wait for the funds to appear in green wallet (< 24 hrs).
CAD (BullBitcoin - 0.25% Fee)
- Check BullBitcoin on Trustpilot
- Go to Bull Bitcoin.
- Deposit 25 CAD & Buy 25 CAD worth of bitcoin
- Paste your first bitcoin address from Step 1
- Wait for the funds to appear in green wallet (< 24 hrs)
CHF (any SBB ticket machine - 6% Fee)
- Withdraw cash (CHF or EUR) & Locate an SBB ticket machine.
- Select “Prepaid” then “Top up Bitcoin”
- Scan the QR code on your Bitcoin wallet
- Enter your desired amount (any sum between CHF 100 and CHF 500)
- Confirm the offer received
- Enter your mobile number and the security code (mTAN) sent to your phone
Congrats you now officially hold some BTC. As long as you keep those 24 words safe nobody can steal the funds from the wallet you have created. Without these words (known as your seed words or your private key) nobody can access your bitcoin wallet.
Step 3. Why use bitcoin?
Aim: Learn why bitcoin is useful
- Read ‘Why Bitcoin’ by Wiz
- Read ‘The Bullish Case for Bitcoin’ by Vijay Boyapati
- Watch ‘Why Bitcoin Matters’ by Aleks Svetski
Step 4. What is bitcoin?
Aim: Learn what bitcoin is
Step 5. Further Learning
Aim: Further develop your understanding of bitcoin
- The Little Bitcoin Book
- Sovereignty through mathematics
- The Bitcoin Standard (Listen to the prologue)
Step 6. Better Backup
Aim: Improve your backup so you are ready in-case bitcoin goes up in price or you decide to buy more.
- Read the Seed FAQ
- Pick a setup (e.g. Two full backups, one on paper one on stamped metal)
- Implement your selected setup
Step 7. Running a Node
Aim: Understand how and why bitcoiners run their own full nodes.
Note: Running a node only benefits you if you use your node to send and receive transactions.
- Watch Benefits of a Full Node
- Evaluate below tables to determine which route seems most suitable given:
|Route A||Route B||Route C||Route D|
|A||Non-technical Beginner||Free, Easy and Quick||When your computer is off your node will not be running so when you do want to use it you will have to wait for it to sync.|
|B||Technical Enthusiast||Free||Requires significant time to setup & is technologically difficult if you have not used linux before.|
|C||Less Technical Enthusiast||Reasonably low cost & quick||Requires some time to setup though typically guides specify hardware making setup as simple as following instructions precisely.|
|D||Anyone who can comfortably afford this option||Quick and Easy||High cost compared to alternatives|
Route A: Bitcoin-Core on your day to day computer
- Download NodeLauncher, a simple program to help you intstall bitcoin core.
Route B: Bitcoin-core on an available always-on computer
Route C: Build a standalone node
- Enthusiasts who want to control their own bitcoin full stack: MyNodeBTC
- Samourai Wallet Users: DOJO
- Other Options: RaspiBolt / RaspiBlitz
Route D: Buy a pre-built standalone node
- Price sensitive enthusiasts who want to control their own bitcoin full stack: MyNodeBTC / Raspiblitz (EU / USA )
- Enthusiasts who want high performance: NODL / NODL Samourai
Step 8. Joining In
Aim: Discover how to get involved in discussions about bitcoin.
- Attend a local meetup
- Subscribe to bitcoin op-tech
- Join Twitter and follow bitcoiners you come across.
Step 9. Bitcoin privacy
Aim: Understand how and why to use bitcoin in a private way
- Read how to Hodl Privately
- Read about What is bitcoin taint, Are Chain Analysis Heuristics reliable & Blacklisting, Distance & Proximity
- Learn more about CoinJoin
Step 10. Bitcoin MicroPayments
Aim: Understand what the lightning network is and how you can use it.
- Download a non-custodial bitcoin lightning wallet
- Transfer some bitcoin to it (a small amount)
- Send bitcoin over lightning
- Watch The Importance of Layer Two
- Read LNP/BP as compared to TCP/IP (extract from Q/A About Bitcoin).
Step 11. Technical Details
Aim: Better understand how bitcoin works & the terminology
Step 12. Buying Privately
Though the methods explained in Step 2 are simple and easy for buying your first bitcoin it is worth considering more private options for further buying.
|Private Methods||Semi-Private Methods||Non-Private Methods|
|Method of Payment||Cash||Bank Transfer||Debit Card|
|Email & Phone||Not Required||Required||Required|
|Name & Address||Not Required||Not Required||Required|
|Examples||BISQ / Vouchers||Bittr||CashApp / Bull Bitcoin|
- Download & Install BISQ
- Set local currency
- Look for local sellers (Select BUY BTC button on top ribbon )
- Buy from local seller (Select Create new offer to buy BTC with … )
- Withdraw bitcoin to bitcoin address from Step 1.
Note: As stated when installing BISQ, the user is responsible for using the software in compliance with local laws.
- Check whether there are any merchants near you who sell vouchers on Azteco or FastBitcoins
- If there aren’t any local voucher vendors check out the below options. If there are, buy the minimum voucher denomination and follow the voucher instructions to redeem the bitcoin to your own wallet.
- When prompted, paste your first bitcoin address from Step 1.