Post
Topic
Board Beginners & Help
Topic OP
Good to know for newbies
by
arzuo
on 08/07/2025, 10:41:38 UTC
Some useful and easy tricks for those who are new to crypto/Bitcoin!!


# Learn about bitcoin before you buy
Learn how Bitcoin works, especially mining, address verification, and halving.

# Start small (DCA = use dollar cost averaging)
Buy small amounts regularly (e.g. weekly/monthly).

# Use a reputable wallet that is well verified.
Use a hardware wallet like Ledger Neno or Trezor to store large amounts of Bitcoin with offline.

# Back up your seed phrase properly.
Write down your 12- or 24-word recovery phrase carefully and store it in a safe place offline.
Warning: Never take screenshots or store it digitally where it can be hacked.

# Avoid keeping BTC on exchanges
Exchanges are targets for hacks. Bring it to your own wallet after buying your Bitcoin.
Remember, it's not your keys, not your coins.

# Avoid Altcoin Hype (Scamming Traps)
Many coins and projects are high risk or scams so focus hard on learning Bitcoin before touching anything else. Also stay away from projects that promise guaranteed returns and high profits.

# Check addresses carefully
Always copy/paste Bitcoin addresses and double check the first and last few characters. (Sending BTC to the wrong address is irreversible)

# Learn to use Lightning for small payments
Learn about the Lightning Network and how to make small transactions with low fees.

# Wait for 1 to 6 confirmations (depending on the amount) for secure payments.

# Stay updated and think long term Also, always stay with this forum  and you will learn a lot, as I am still learning and benefiting.