BitcoinAIO - All-in-One tool for Bitcoin self custody

1. What is Bitcoin and why it matters?

Bitcoin is a decentralized and peer-to-peer digital currency that functions fully without a third party or bank.
Bitcoin is a new monetary standard that is adopted rapidly across the globe.
There are plenty of good sources on the internet to learn more about Bitcoin, including this website and our Youtube channel.

Bitcoin matters because we are moving towards an increasingly digital world where scarce and sound money will play an important role.
The financial system of the future is expected to be built on Bitcoin and it has enormous room to grow and benefit everyone who participates.

Learn more from the Youtube video below:

2. How to buy Bitcoin?

Usually, you buy Bitcoin from a crypto exchange like Coinbase, Kraken or OKX.
These exchanges require KYC (Know Your Customer) , which means you have to submit ID when signing up.

Do your own research on these exchanges to choose one that is the best fit for you.

On the exchange, create your account by filling in your information and completing KYC if needed.
After creating your account, add your payment method and buy your first Bitcoins.
Your Bitcoins are safe on the exchange for now, but you must move them to self custody. Not your keys, not your coins!
Keep reading to learn how to do that.

Here are some key points about these KYC crypto exchanges:

Coinbase: best for beginners, user-friendly, high fees
Kraken: intermediate users, great security, lower fees
OKX: advanced users, high liquidity, lowest fees

Exchange links with free bonuses and discounts:

Below are non-KYC options for advanced users, which don't require ID to sign up but are more technically demanding.

Here are some key points about these non-KYC crypto exchanges:

HODL HODL (left): seasoned users, advanced features, Bitcoin-only
Koinly (right): more options

Exchange links with free bonuses and discounts:

3. How to store Bitcoin?

To store Bitcoin properly, you need a small device called a hardware wallet.
A hardware wallet is a small device that stores your private keys on the device and offline.
A quality hardware wallet like Trezor, Blockstream Jade or BitBox is recommended.

Order the hardware wallet directly from the manufacturer.
Never buy an aftermarket hardware wallet.
Once you have received your device in a couple of weeks, check that the factory seal is intact to ensure security.
Check that no preinstalled firmware is present.
Then set up the device on your computer following the instructions in the package.

Once you're done, it's time to move your Bitcoins from the Exchange to the hardware wallet.
To do that, generate a fresh Bitcoin address from your hardware wallet and send your Bitcoins from the exchange to it.
After that you're done!

Hardware wallet links with free bonuses and discounts:

4. What next?

Now you can buy Bitcoin and self custody always when you have extra cash to invest.
Move your Bitcoins from the exchange to the hardware wallet regularly.
Consider making a metallic backup for your recovery phrase for protection from fire, floods, earthquakes or explosions.
Never share your recovery phrase with anyone and keep it offline in a safe space.

Bitcoin is expected to appreciate 20 to 30% a year for the time being which means a potential return of 13x in 10 years and 2600x in 30 years.
Don't expect a high return in less than 8 years.
Don't sell too much Bitcoin to avoid regrets later.

Bitcoin rewards patience and diligence.
Don't expect great results before doing the work first.
Keep studying Bitcoin and learning best practices to master the basics.

We recommend setting up recurring Bitcoin buys of 50 to 500 dollars a month on the Exchange you use depending on your financial situation.
Always store your Bitcoin on the hardware wallet, keep your software and firmware up-to-date and backups safe.

Note that Bitcoin's CAGR (compound annual growth rate) has been almost 180% since its creation in 2009. The CAGR can vary on average from 19 to over 180% a year based on market sentiment and many other factors.

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Disclaimer

Nothing on this website is financial, legal or tax advice and is for educational purposes only.

Always consider reputable financial counseling when making significant financial decisions.

Investing is inherently risky and we aren't responsible for any misconduct or unforeseen circumstances.

Previous returns are not indicative of future returns. By investing you acknowledge the risks and are prepared to lose everything.

Most links on this site are affiliate or referral links and the site owner may earn a small commission with no extra cost to you.

All donations are legally considered compensation for the services provided on the associated websites and Youtube channel.