Original archived Re: Bitcoin; a tool for spending or saving.
Scraped on 03/09/2025, 01:59:31 UTC
Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both.
Bitcoin can be used for both purposes but a reminder for practice is your bitcoins must be stored in two different wallets at least.
The first wallet is for saving: means holding your bitcoins for passive profit over time. It should be a cold storage wallet.
The second wallet is for spending: means it is an active wallet with on chain transactions broadcasted from it. It is a hot wallet.
Hot or cold wallets, you must choose open source and non custodial wallet to store and use your bitcoin.
https://bitcoin.org/en/choose-your-wallet