teachin_bitcoin on Nostr: ...
Dad: Son, do I need a "Bitcoin Account" before buying?
Son: Hi Dad,
With Bitcoin, there are no accounts in the sense of customer, bank or user accounts.
What you need is a "Bitcoin Wallet", and a receiving address.
However, you may have several accounts in your wallet. With these accounts, you can then separate the funds, e.g. spending, saving, grandchild 1, grandchild 2, ...
Even an exchange account does not belong to Bitcoin technically. It is an account at a market participant of the Bitcoin ecosystem.
Dad: Oh, I see. Then let's get a Bitcoin wallet.
#Bitcoin
Published at
2024-11-09 03:21:59Event JSON
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"tags": [],
"content": "https://www.teach-me-bitcoin-son.com/media//generated/do-i-need-a-bitcoin-account-before-buying.png\n\nDad: Son, do I need a \"Bitcoin Account\" before buying?\nSon: Hi Dad,\nWith Bitcoin, there are no accounts in the sense of customer, bank or user accounts.\nWhat you need is a \"Bitcoin Wallet\", and a receiving address.\nHowever, you may have several accounts in your wallet. With these accounts, you can then separate the funds, e.g. spending, saving, grandchild 1, grandchild 2, ...\nEven an exchange account does not belong to Bitcoin technically. It is an account at a market participant of the Bitcoin ecosystem.\nDad: Oh, I see. Then let's get a Bitcoin wallet.\n\n\n#Bitcoin",
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