bostonwine on Nostr: Setting up a newbie #Bitcoin holder with self custody in the next few days. Less than ...
Setting up a newbie #Bitcoin holder with self custody in the next few days. Less than 2M sats, around $1K value.
Thinking maybe we start with Sparrow for desktop, or maybe BlueWallet on mobile, instead of spending $60-$200 for a hardware wallet plus a steel plate, right from the outset. Would feel a bit like overkill.
He’ll get to learn about private keys and UTXOs this way, and I can also plant the seed (no pun intended) of caution around hot wallets, and explain why internet connectivity presents a small — but real — risk.
And when he stacks harder and/or NGU, we can do a new lesson on HWWs, privacy, offline storage/backups, and perhaps KYC.
Any advice/feedback for this approach? Other recommended software wallets? He bought his corn on CashApp, which I’m pretty certain supports a withdrawal to on-chain addresses (?) and not just Lightning…
I’m still new to user-onboarding with Bitcoin (ie a sit-down meeting, as opposed to setting my bartender with Wallet of Satoshi during a lull in business). So I’m all ears for advice 🫡
#plebchain
#onboarding
#asknostr
Thinking maybe we start with Sparrow for desktop, or maybe BlueWallet on mobile, instead of spending $60-$200 for a hardware wallet plus a steel plate, right from the outset. Would feel a bit like overkill.
He’ll get to learn about private keys and UTXOs this way, and I can also plant the seed (no pun intended) of caution around hot wallets, and explain why internet connectivity presents a small — but real — risk.
And when he stacks harder and/or NGU, we can do a new lesson on HWWs, privacy, offline storage/backups, and perhaps KYC.
Any advice/feedback for this approach? Other recommended software wallets? He bought his corn on CashApp, which I’m pretty certain supports a withdrawal to on-chain addresses (?) and not just Lightning…
I’m still new to user-onboarding with Bitcoin (ie a sit-down meeting, as opposed to setting my bartender with Wallet of Satoshi during a lull in business). So I’m all ears for advice 🫡
#plebchain
#onboarding
#asknostr