Bitcoin Magazine’s “Bitcoin Wallets For Beginners” series covers everything you need to know about obtaining and securing your bitcoin in a safe and private way.This article is designed to explain the importance of self-custody and the dangers of know your customer (KYC) regulations; to demonstrate to Bitcoin beginners how to install, secure and use a Bitcoin wallet; and to explain how to acquire KYC-free bitcoin.You can find the articles in this series published individually as well:Part OnePart TwoPart ThreePart FourPart FiveBitcoin Wallets For Beginners, Part One: Self Custody And Avoiding KYCSourceGenerally speaking, new Bitcoin users discover the importance of self-custody and the dangers of KYC after they have already started acquiring bitcoin. Since bad habits are hard to break, I wanted to cover this topic for Bitcoin beginners first. This tutorial has been designed for a total Bitcoin beginner, someone who is interested in Bitcoin but has no idea where to begin or what a Bitcoin wallet is or what to do with them.With this ongoing five-part series, I hope to have put together an informative guide to some pitfalls to watch out for for new users with a focus on the installation and use of their first Bitcoin wallet and how to obtain non-KYC bitcoin. This way. anybody can bookmark this tutorial and reference it when they have the time and interest.This first part is my attempt to help Bitcoin beginners understand my opinions around the importance of self-custody and the dangers of KYC. …
Story continues on Bitcoin Magazine
Menu