Post
Topic
Board Beginners & Help
Re: Bitcoin Important tips for beginners 2024
by
Pandorak
on 08/06/2024, 08:37:47 UTC
Instead of having bitcoin first, newbies should have enough knowledge first to make their bitcoin storage truly safe. When i first learned about the features of bitcoin, it took me up to 2 months before i fully understood them. The thread you created only provides definitions, even though what newbies need is not just definitions but direct practice. You can add some important threads for practice, some that i know:

1. Choose a Secure Wallet

Hardware Wallets: These are physical devices designed to securely store your Bitcoin offline. Examples include Ledger Nano S/X and Trezor.
Software Wallets: These are applications or software programs that you can install on your computer or smartphone. Examples include Electrum, Exodus, and Mycelium.
Mobile Wallets: Convenient for everyday use, mobile wallets are apps available for smartphones. Examples include Trust Wallet and BRD.
Paper Wallets: A physical document that contains your private and public keys. This method involves printing your keys and storing them in a secure place.
Web Wallets: Online services that store your Bitcoin. These are generally less secure than other methods because they are susceptible to hacking.

[General] Bitcoin Wallets - Which, what, why? by Lauda [1].

7. Consider Multi-Signature Wallets
 These wallets require multiple signatures to authorize a Bitcoin transaction, providing an additional layer of security. This can be especially useful for large amounts of Bitcoin or shared ownership.

[TUTORIAL] - How to create a multi-signed wallet on Electrum by gagux123 [2] & Bitcoin Q&A: Multi-signature and Distributed Storage by aantonop [3].

[1] https://bitcointalk.org/index.php?topic=1631151.0
[2] https://bitcointalk.org/index.php?topic=5392586.0
[3] https://www.youtube.com/watch?v=cAP2u6w_1-k