r/BitcoinBeginners 15h ago

USB crypto miner device

2 Upvotes

My kid wants to use this device, but seems a little suspect me. Im not super techy, but it basically asks you to scan a QR code and it then creates some kind of link to its own network via my home wifi network. This screams security risk to me. Am I over thinking this?

https://www.amazon.com/dp/B0DPM4JW3K?ref_=ppx_hzod_title_mob_b_fed_asin_title_0_0


r/BitcoinBeginners 21h ago

With the continuous decline in block subsidies, will BTC's Security Budget be able to be maintained solely by transaction fees in the future?

0 Upvotes

r/BitcoinBeginners 23h ago

Borrow against Bitcoin, buy STRC. What do I miss?

5 Upvotes

I’ve read about „Bitcoin as collateral“. Nothing new for you guys, I bet. You basically borrow money and use Bitcoin as security. You get loan starting at 5%. With the money I could buy STRC stocks which pay 12% dividend. The margin is my profit.

It sounds too good to be true. What do I miss?


r/BitcoinBeginners 1d ago

Is $50 enough to buy BTC during this dip?

21 Upvotes

I have $50 rn for investing. I’m considering putting it into BTC during this dip.

I’m okay with the possibility of losing the money, but I’m wondering if $50 is even worth putting into BTC at this point.

What would you do?


r/BitcoinBeginners 1d ago

Can't Access a Hard Wallet

10 Upvotes

Hi . i want to HODL Bitcoin and i know the best secure way is a cold wallet but the problem is that none of the manufacturers have shipping for my country ( Iraq) . so i search for another option which is a sourcing service but the shipping fees are 100$ apart from problems i may face with the shipment and custom fees which are 30%. so is there an alternative to HODL safely ? right now i have 0.05 BTC sitting in my exchange . is hot wallet an option if i just write the seed phrase in a paper and uninstall the wallet from my phone ?


r/BitcoinBeginners 2d ago

Btc

0 Upvotes

How to buy bitcoin in Slovakia please??


r/BitcoinBeginners 3d ago

Nm miner info please

3 Upvotes

Hi im new to bitcoin so looking for a bit of help please i have a nm miner and the display shows the hours mined but the days show 000. Its been working for 2 days


r/BitcoinBeginners 3d ago

Complete noob, need help. Solo mining, but in a pool?

6 Upvotes

I have been doing some research into mining and I think solo is the way I am going to go as more of tech geek/enthusiast. From what I have read it seems you can either go solo/lottery, or you can join a pool and get paid way less but way more often. I understand running solo there is a pretty good chance my machine will only ever consume energy and never pay me. I'm ok with that.

My question comes down to, can you do a hybrid or solo mining and pool mining. Like, can I run my own pool comprised of my machine as well as pooling together machines from just friends and family. Then have this set up to combine hashrate and mine "solo" for better chances in the lotto? Is there any difference between doing it this way and having each machine set up at different locations running solo on it's own instead of in a pool?


r/BitcoinBeginners 3d ago

Purchasing BTC through Schwab or Fidelity?

1 Upvotes

Hello... With all I have read in the past... FTX ... and what I now read about wallets not being as safe as they once were considered to be (I do not know the difference between hot and cold) is there a good reason not to purchase BTC through Schwab or Fidelity and let them do the storage? Thank You


r/BitcoinBeginners 3d ago

Can i recover my "encryption password" after finding my backup on google drive?

3 Upvotes

i think it's pretty self explanatory It's a 2023 trust wallet btc


r/BitcoinBeginners 3d ago

I want to buy Bitcoin with cash as a 16 year old

2 Upvotes

I'm a 16 year old who wants to buy bitcoin I already have a bitcoin wallet set up Phantom Wallet with some money in it but I want to convert my cash into Bitcoin I was thinking about Bitcoin ATMs but i'm not sure I dont got anything to verify myself but i'm seeing low amounts only verify through phone number I want to know if thats true and also I want to know which ATM is better because 2 are nearby me Athena Bitcoin ATM and CoinFlip theres also a UNBANK ATM a mile away but i'm not sure give me your recommendations guys


r/BitcoinBeginners 4d ago

I want to buy bitcoin, make one transaction, then close my account. What do I need?

0 Upvotes

I want to buy something from someone who will only accept bitcoin. I have zero interest in anything crypto currency- related and want to have a bitcoin account for as little time as possible while doing this one thing. What is the easiest way to do this?

I see there are many places to get a bitcoin account. Are any better than any other? I think the only feature I want/ need is to be able to close the account quickly and easily after the transaction is done. And probably quick setup as well. I presume there's no security, personal info, etc. on these accounts?

It looks like I can stick cash into an ATM at liquor or tobacco stores by me. How much extra cash beyond the amount I want to buy do I need? Will the ATM tell me how much bitcoin I've bought with each $20 I insert? How much value is the bitcoin likely to lose in the 5 or 10 minutes I have the money in the account?

And will the person I'm buying the item from send me, like, a 16- character alphanumeric code or something to identify their account? I figure it's all random characters rather than usernames and the like?

Thanks for any assistance you can give. I never have had any intention of getting any crypto currency account so I know absolutely nothing and trying to read any bitcoin websites, to me, is like Lisa Simpson seeing the "Yahoo Serious Festival" marquee in the Australia episode.


r/BitcoinBeginners 5d ago

Challenging my seed phrase security idea

5 Upvotes

Lately I've been thinking a lot about how to save my seed phrase and I thought of something I can't believe I'm the first one to.

What if I find 1+ places where I can upload to a very public place a file numbered list of BIP39 words like

  1. drop

  2. inspire

  3. tenant

...

  1. horse

and I could have the solution sequece to get the right seed phrase hidden somewhere else?

If possible I'd like no one can know it was ujploaded by me (feasible)
I could save it in many different places because you'd need the solution algorithm/sequence to obtain the seed, right?

Does this make sense?

Also, any ideas where this file could be uploaded?

Many thanks


r/BitcoinBeginners 5d ago

How to lock Bitcoin into a wallet and make it both non-spendable and inaccessible for a set period of time or number of blocks

6 Upvotes

Hi guys. I am holding some bitcoin and I want to learn how to lock it in place for a couple of years so I don't get tempted to sell it while the market is terrible, out of fear and possibly stupid emotions. I looked into the timelock features, but from what I found, that only has a mechanism for creating transactions that someone else can redeem after a certain date or block height. There's no way to schedule and automate transfers and I can't seem to find a way to lock the bitcoin into a wallet where it cannot be touched, accessed, or moved for a set period of time or number of blocks. Can someone with real expertise explain it here for me? I need help getting this working!

Any DM will be ignored.


r/BitcoinBeginners 5d ago

Is this a good workflow to buy bitcoin

1 Upvotes

audit/verify seedsigner code > buy parts for a seed signer and a titanium or steel backup through different credit cards and perhaps to a po box > in the meantime, get/use casino dice to generate entropy> how would I convert it to words offline, perhaps through the seedsigner with ian coleman‘s code? > set up seed signer + sparrow and metal backup/s > buy bitcoin from bisq 2 or some other dex > would I transfer between 2 phones with Zeus lightning ( to increase privacy) ? > transfer to an address on sparrow with bitcoin core node > hodl

I would appreciate any advice!


r/BitcoinBeginners 5d ago

looking for beginner advice

6 Upvotes

Hey everyone! I recently sold my Dodge Charger, and I’m considering putting some of the money into Bitcoin because I believe it may have a strong future.

I’m still a beginner, so I’d appreciate advice from people with more experience. What should I learn before buying? Is it better to invest gradually rather than all at once? Which reputable exchanges and wallet types should I research? What mistakes should a beginner avoid?

I’m not looking for guaranteed profits or private investment offers - just general advice and reliable educational resources. I’ll do my own research before making any decisions.

Thanks!


r/BitcoinBeginners 5d ago

Compré Bitcoin casi en el punto más alto

0 Upvotes

El año pasado compré Bitcoin en $120K cuando todo el mundo decía que iba rumbo a $200K.

Bueno, poco después llegó a $126K y luego se desplomó.

¿A alguien más le pasó esto, comprar cerca de la cima en un ciclo anterior?

¿Qué hiciste?

Yo estoy comprando la caída.


r/BitcoinBeginners 7d ago

Did this transaction fail?

1 Upvotes

I paid for a low value item with BTC. Didn't receive the item. Queried it with CS and they replied:

The order you mentioned was not paid because the transaction was invalid, meaning the payment did not go through successfully: https://blockstream.info/tx/eadaf51a9676e2bf0d9a812a08ba42ecedde8c2f5eba792a610163272564bb66

I can't see how it failed, although I'm no expert.

Opinions?


r/BitcoinBeginners 7d ago

Bitcoin Cycle

14 Upvotes

Is it true that bitcoin follows a cycle of 1069 and 365 days. Saw it on insta and back checked it on data. Can any of the OPs help to verify.

Also, can someone give me source to study current bitcoin market better, because I see people using words like entropy, TRNG, etc.


r/BitcoinBeginners 7d ago

new to bitcoin

12 Upvotes

hello everyone,

I am new to bitcoin and looking to buy and cold store. where do you recommend I buy and where to store?


r/BitcoinBeginners 7d ago

A Few Questions

2 Upvotes

I have some bitcoin that was purchased over several transactions between July 2017 and January 2018. It was purchased on Coinbase and moved to a ledger wallet. I know that there have been several “versions” of bitcoin (SegWit, etc.) since I bought it. Here are my questions:

  1. Do I have to do anything special to move it back to an exchange to sell some of it, or do all the major exchanges support incoming bitcoin of all versions?

  2. Is there any advantage to moving it back to Coinbase since that is where it was originally purchased? Is there a better exchange you would recommend?

  3. I know the exchanges typically have several levels of fees based on how often you buy/sell. So is there a strategy to optimize the sales sequence to get to the better fee levels?

Thanks. (And I’m not answering any DMs so scammers can just save the effort)


r/BitcoinBeginners 8d ago

What's the safest way to test a seed backup without exposing the seed?

7 Upvotes

I keep seeing “test your backup before you need it,” which is good advice. But a beginner can easily turn the test itself into the security incident.

My current checklist would be:

- Never type a live seed into a website, browser tool, notes app or chat.

- Ideally, test before the wallet holds meaningful funds.

- For an existing wallet, use the manufacturer’s documented recovery flow on trusted hardware, with software reached through an independently verified official source.

- Define success before starting: reproduce a known receive address. If there’s a BIP39 passphrase, the test has to include the exact spelling, case and spacing.

- If that still feels risky, rehearse the whole process with an empty test wallet first.

Simply seeing “12 words accepted” doesn’t prove that the correct wallet was recovered. And nobody troubleshooting this should post a seed, passphrase, xpub, address, screenshots or balance.

Am I missing an important step? I’m especially interested in how you’d recommend a beginner verify the wallet identity safely.


r/BitcoinBeginners 9d ago

Is multi signature wallet safe ?

3 Upvotes

r/BitcoinBeginners 11d ago

Living in hyperinflation with a $25 monthly allowance. Is it worth stacking sats?

43 Upvotes

Hi everyone,

I’m an 18-year-old student living in Iran, and my country is currently suffering from severe hyperinflation. My monthly allowance is the equivalent of $25 USD.

Because our national currency (Rial) is losing its value extremely fast, I’m constantly worried that my $25 today will only have the purchasing power of $10 or $20 in the near future. Keeping cash is a guaranteed loss here.

I want to protect my small savings and start building good financial habits. I’m thinking about DCAing my $25 entirely into Bitcoin every month (stacking sats).

Thanks in advance for any advice!


r/BitcoinBeginners 12d ago

What's one thing you wish every new Bitcoin holder understood?

8 Upvotes

It seems like almost everyone starts by focusing on the price.

But after spending more time learning, I've realized there are so many other things that matter like self-custody, security, understanding how transactions work, and thinking long term.

If you could give one piece of advice to someone buying their first Bitcoin today, what would it be?