This is going to be a very basic episode but one I have been asked to do many times. I am going to talk about how to actually buy, hold, transfer and spend bitcoin using various services. Today specifically we will talk about four platforms to buy bitcoin one. Those will be CoinBase, Swan Bitcoin, Strike and CoinEx.
I will also cover how to send bitcoin with two of those platforms, those will be Strike and CoinBase. Further I will cover how to “spend bitcoin” without actually spending your bitcoin when you want to pay merchants that accept bitcoin.
Additionally I will cover why you should not hodl your bitcoin on exchanges, ever. The basics of software and hardware wallets and more.
This will be Episode 3 of “The Bitcoin Breakout”, the first two episodes can be found here until we get the new stand alone site and feed for breakout editions up and running.
Join Me Today to Discuss…
- Four Platforms to Buy Bitcoin on and my Thoughts about Them
- Swan Bitcoin
- How People HODL (hold)
- On Exchange (worst option there is)
- With a Software Wallet (good for most people)
- With a Hardware Wallet (you really should when you get a solid stack)
- With “Multi Sig” (we will cover this and other advanced options in the future)
- Why I Recommend Exodus and Trezor
- They Pair Beautifully
- Trezor Has Been Around Forever
- The Model T vs. Model One Trezor
- The Importance of your Seed Phrases
- Making a Metalic Cold Back Up of Your Seed Phrase
- How to Withdraw from two platforms
- Why bear markets like we are in now are the best time to enter Bitcoin
- Cuz math
- But the psychology is more important
- Why the bottom this cycle would historically be about 14k
- Why timing this market is not really that important
- Final Thoughts
Resources for today’s show
- Follow Life With Jack on Instagram
- Join the Members Brigade
- Join Our Forum
- Walking To Freedom
- TSPC on Discord
- TSPC Group on Telegram (group chat)
- TSPC Telegram Channel (just messages from me)
- Jack on Flote
- Jack on MeWe
- Join Me on Odysee
- SOE Tactical Gear – Where I get all my cool shirts
- Get the Exodus Wallet
- The Trezor Model T Hardware Wallet
- The Trezor Model 1 Hardware Wallet
- How to Pair Trezor with Exodus
- Buy Crypto Safe and Easy on CoinBase
- My Favorite NoKYC Crypto Exchange CoinEx
- Buy Bitcoin with Strike
- Buy Bitcoin with Swan Bitcoin – Not Active Yet
- How To Make Your Own Crypto Steel Recovery Seed Backup for Only $3.35
- Get Wallet of Satoshi
- Get the Breez App, Use and Stream Lightning to your Favorite Podcasters
- Learn about Lightning at Tip Lightning
Video Version of Today’s Show
Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon.
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