Below I have listed some resources that I have found useful in my own Bitcoin journey. I trust that you will find them helpful.
Lightning is a second layer solution built on top of Bitcoin designed to make payments cheaper and faster. Many people now have lightning wallets on their smart phones, allowing them to make fast payments to businesses. You will notice that all the posts on our Latest News page (apart from the most recent one) have a paywall that uses lightning. One Bitcoin can be divided into one hundred million Satoshi’s or ‘sats’. Once you have bought some Bitcoin (see below), a small amount can be transferred to a Bitcoin Lightning wallet for everyday purchases. I link one of my favourites below.
N.B. If you have your own node and would like to open a channel to the node connected to this website, please click here:
Where to Buy Bitcoin
I used to recommend Coinbase as this exchange was a great place to start for people completely new to Bitcoin. It is where I began my journey some years ago and it offered a great user interface that was easy to navigate. I always advised against storing your coins here though. In these troubled times with a number of crypto exchanges starting to fail, it is more important than ever to learn how store your own Bitcoin where no one can take it from you. For this I recommend that you need a hardware wallet as demonstrated below. The best way to obtain Bitcoin now is from a decentralised exchange that facilitates the purchase of Bitcoin peer to peer. The best platform that I know of at the moment that avoids the exchanges is BISQ. There is a link to Bisq below and I will be producing a video explaining how to use Bisq in the very near future.
How to Store Bitcoin
Once you have purchased your Bitcoin on an exchange, it is possible to keep them there, but not recommended long term. In order to hold your Bitcoin in your own possession and under your own control it is advisable to store them on a hardware wallet. One of the best known brands is Trezor. The link below takes you straight to the place where you can buy one!
My mission is to introduce Bitcoin to individuals and the independent business community. Helping them to understand what Bitcoin is, how it can help sustain them and their businesses in turbulent economic times and support individuals and business owners in the management of their wealth portfolio. My newsletters provides tips and news.
Tip No.1: For the advice leaflet I gave to my clients on how to buy, keep safe and use Bitcoin when I was encouraging them to pay with Bitcoin in my own business, please sign up for my newsletter.