Turtlesallthewaydown⚡️ on Nostr: Hi Kevin, Self custody of your Bitcoin is a marathon not a sprint. There is a lot to ...
Hi Kevin,
Self custody of your Bitcoin is a marathon not a sprint. There is a lot to learn. The first step is to get off the exchange and into cold storage. Trezor is a good, user friendly, first step. Buy direct from Trezor.io do not buy from a reseller, do not buy 2nd hand.
If possible, I’d recommend connecting with a trusted friend who’s got more experience in this space or, your local Bitcoin community and asking some of those that have been around for a while for some guidance.
If that is not an option, that first step into Trezor is totally manageable on your own. Just remember to do a small ‘test’ transfer into your cold storage wallet before transferring the bulk of your BTC. When you do both your transfers it is a great idea to copy and past your transaction id (provided by your exchange once they start the process of your transfer) and copy it into mempool.io and watching your transaction as it is processed in real time and recorded into the Bitcoin blockchain.
There are a few of we old dogs, learning lots of new tricks in this space. Stick with it, it gets easier and more 2nd nature each time.
Hope this helps.
Self custody of your Bitcoin is a marathon not a sprint. There is a lot to learn. The first step is to get off the exchange and into cold storage. Trezor is a good, user friendly, first step. Buy direct from Trezor.io do not buy from a reseller, do not buy 2nd hand.
If possible, I’d recommend connecting with a trusted friend who’s got more experience in this space or, your local Bitcoin community and asking some of those that have been around for a while for some guidance.
If that is not an option, that first step into Trezor is totally manageable on your own. Just remember to do a small ‘test’ transfer into your cold storage wallet before transferring the bulk of your BTC. When you do both your transfers it is a great idea to copy and past your transaction id (provided by your exchange once they start the process of your transfer) and copy it into mempool.io and watching your transaction as it is processed in real time and recorded into the Bitcoin blockchain.
There are a few of we old dogs, learning lots of new tricks in this space. Stick with it, it gets easier and more 2nd nature each time.
Hope this helps.