The sources you gave for wallets sound very interesting - but I am on a cell internet connection and don't want to use the bandwidth requirements for Bitcoin Core - Even the lower use mode still says it may add another 4 or 5GB of additional downloads each month and I already go over my limit each month as is (22GB before slow down). So far they have not cut my bandwidth, but I don't want to push it.
Bitcoin Core includes
options to reduce network traffic. That said, the
initial block download is currently your biggest hurdle, as Bitcoin Core has to download the entire blockchain when launched for the first time, even with pruning enabled.
So, ckpool uses a regular Coinbase account to pay out BTC? Would this mean if I had it to pay to my Coinbase wallet - there would be no fees for the transfer? Paying out to a Bisq wallet and then to Ledger would not be an issue? Selling BTC to $ and transferring to the bank to pay bills would work fine within Bisq? Right now it takes about 2 or 3 business days to have $ - same with Bisq? Would it be an issue to send it to a Coinbase wallet or a Coinbase Pro wallet - then do whatever from there? I am also in the middle of big projects and will have hard time finding time to delv into setup and learning Bisq at the moment.
No, not Coinbase the company, but
coinbase the special field in each Bitcoin block that is used as the sole input for
coinbase transactions. A coinbase (or generation) transaction is the first transaction in each Bitcoin block, and it's always created by a miner. In our case, this means that ckpool.org pays its miners directly from each mined block, instead of paying its miners from a central wallet. In other words, the bitcoins that you earn from this pool come directly from each block that the pool successfully mines, and not from another party's wallet. There is no fee deducted from your payouts.
Web wallets (including Coinbase's) traditionally have not worked well with generation transactions, as web wallet operators have tended to abstract control of the underlying Bitcoin addresses from their users. A generation transaction to an address in your web wallet may therefore not be correctly credited to your account. (This is besides the fact that you have to trust the wallet operator
completely to not mess with your funds, as they have full control of your wallet's private keys.)
Since you are unable to use Bitcoin Core as your hot wallet, I therefore recommend using
Wasabi Wallet as your primary hot wallet. (
Samourai Wallet is still in alpha.) It offers robust privacy-enhancing features and should work well with generation transactions. More users using Wasabi Wallet also means that its main privacy feature Chaumian CoinJoin works better and faster for all Wasabi Wallet users. You may then send bitcoins that you'd like to keep as savings to your Ledger wallet.
Bisq is a decentralized peer-to-peer exchange. It's like LocalBitcoins or Paxful, except that it's a desktop application that connects you directly to other Bisq users over Tor. Trading happens directly between parties, and so the time elapsed before your funds are credited to your bank account is dependent only on the time taken for a trade to complete (trade duration limits
vary by payment method).
I do not recommend using Bisq's built-in wallet as your primary hot wallet, as it suffers from
significant privacy issues.