r/BitcoinBeginners • • 20h ago

Does any crypto custody option come with real insurance, or is that mostly marketing?

9 Upvotes

Trying to figure out where to keep about a year of DCA. I keep seeing "insured" on crypto sites, but when I dig in it's never clear what's covered or who it covers. A hardware wallet has zero insurance obviously, that's all on me. Exchanges say they're insured, but it sounds like that's for their own systems getting hacked, not my account. Is there anything where insurance means something concrete for an individual?


r/BitcoinBeginners • • 1d ago

River closed account, customer service ignoring me.

8 Upvotes

Hello, I just got into crypto and am trying different exchanges. I joined river verified myself and did a 14 dollar deposit into river. It took around 6-7 days to clear and then I sent it to a wallet. I then deactivated forcefield and I got a message literally a day later about how they stopped the deactivation and then a couple minutes later an email saying they closed my account.

I'm really confused and customer service is not responding to me.


r/BitcoinBeginners • • 22h ago

What is an crypto wallet app that doesn't require to be 18

0 Upvotes

??


r/BitcoinBeginners • • 2d ago

Is there a middle ground between leaving coins on an exchange and running my own hardware wallet?

19 Upvotes

Most of my stack still sits on an exchange, mainly because I've read enough lost seed phrase stories in this sub to be nervous about doing it myself. But every cycle there's another reminder that an exchange account isn't the same thing as holding the coins. Is there anything in between? Something where a regulated company holds the keys and is set up for exactly that, rather than an exchange that also happens to custody. And can a normal person use it, or is that stuff institutional only with huge minimums?


r/BitcoinBeginners • • 6d ago

Das hätte ungut enden können - einmal durch einen Schreibfehler, einmal durch das falsche Seed-Format

4 Upvotes

In den letzten Jahren habe ich zwei Seedphrase Erlebnisse gehabt, die ich hier mal teilen will. Ich wollte dann mal mehr zur Statistik wissen

Blödheit Nr. 1 – scale ≠ scare

In meiner BTC-Anfangszeit habe ich mir einen Ledger gekauft und ein paar Test-Sats draufgepackt. Die Seed Phrase habe ich notiert und weggesperrt. Dann habe ich die PIN vergessen - die ich schlauerweise nicht notiert und weggesperrt habe - und hurra, die Wiederherstellung ist gescheitert. Nach langem Rumprobieren bin ich draufgekommen: Ich hatte „scale” als „scare” notiert. Leichte Kurzsichtigkeit. Das Gemeine daran: Beide Wörter stehen in der BIP39-Liste. Beim Aufschreiben fällt so ein Fehler also nicht gleich auf.

Blödheit Nr. 2 – richtige Wörter, falsches Format

Auf meiner Umbrel-Node lag eine für meine Verhältnisse nicht unerhebliche Summe. Die 24 Wörter waren handschriftlich notiert und weggesperrt. Dann ging die SD-Karte des Raspi kaputt. Ich wollte die Wallet in Sparrow wiederherstellen: Pustekuchen. Erst viel später habe ich verstanden, warum. Die Umbrel-Wallet läuft über LND, und LND verwendet ein **aezeed**\-Seed und kein BIP39-Seed, auch wenn die Wörter gleich aussehen. Gerettet habe ich das Guthaben am Ende mit viel Aufwand über die Wallet-Datei. Mir ist es da sehr heiß geworden.

Danach habe ich mir mal die Zahlen angeschaut. KI machts möglich. Aus der Forschung zur manuellen Dateneingabe kennt man Fehlerraten von etwa 1–4 % pro erfasstem Feld. Überträgt man das auf 24 Wörter mit der Formel 1 − (1 − p)\^24, kommt man auf 21–63 % Wahrscheinlichkeit für mindestens einen Fehler. Das ist ein grobes Modell und keine Seed-spezifische Messung. Die Größenordnung sollte einem trotzdem zu denken geben.

Der BIP39-Checksum fängt zwar das meiste ab, aber eben erst beim Recovery-Versuch. Da ist es dann schon zu spät. Außerdem sagt sie dir nicht, *welches* Wort falsch ist. Und gegen das falsche Seed-Format hilft er gar nicht.

**Also aufpassen und dont trust - verify lieber doppelt**

* Den Recovery-Test machen, solange das Gerät noch funktioniert. Zum Beispiel mit einer leeren Wallet oder auf einem zweiten Gerät.

* Wissen, welches Seed-Format die eigene Wallet überhaupt nutzt (BIP39, aezeed, Electrum …).

* Jedes notierte Wort gegen die offizielle Wortliste abgleichen.

Diese beiden Schreckmomente haben mich dazu gebracht, selbst ein Stahl-Backup zu entwickeln, das mit ganzen, vorgedruckten Wörtern statt mit einzelnen Buchstaben funktioniert: kein Buchstabieren, keine Verwechslung wie scale/scare.

Aber egal - passt auf eure Seeds auf und kontrolliert lieber einmal zu viel. Auch wenn es noch so nervt!

Habt Ihr ähnliche Geschichten ?

**TL;DR:** Einmal habe ich ein Wort falsch notiert, einmal das falsche Seed-Format nicht erkannt. Statistisch haben 24 handgeschriebene Wörter 21–63 % Chance auf mindestens einen Fehler, und die Checksum merkt es erst beim Recovery. Testet eure Backups.


r/BitcoinBeginners • • 6d ago

How to access bitcoin

3 Upvotes

I recently was scammed using Athena Bitcoin ATM. I sent a receipt to an unknown phone number and I’m assuming they took the money. Then I attempted to make a 2nd payment to them and decided not to because it seemed like a scam.

My primary question is how do I access my Athena Bitcoin account that I didn’t not send. The amount of this account is 3400 and I need to figure out how to pull the money out and put in my bank.

I’m not financially literate I’m finding out so any help would be greatly appreciated.


r/BitcoinBeginners • • 7d ago

Petites questions de débutant

11 Upvotes

Je débute dans le bitcoin, j’ai commencé à faire un peu de DCA sur trade republic (par facilité car j’avais déjà investis sur la plateforme, je voulais tout avoir au même endroit) qu’en pensez vous ?
De plus, à partir de quel montant vaut il le coup d’avoir un portefeuille physique ? Quelle marque ?
Merci


r/BitcoinBeginners • • 7d ago

Buying under 18 🇦🇺

3 Upvotes

Hypothetically im 15 and i used to have no problem buying crypto, i could buy anhthing on trust wallet without getting asked for kyc as long as it was under a certain amount which i think was like 65 or something, i do not want to use p2p theyre too scammy, any1 know what i can do? Any apps that have a limjt like trust used to? Im only buying small amounts each week obviously im not loaded.


r/BitcoinBeginners • • 8d ago

AI breaking ECDSA

0 Upvotes

Hey, today i saw a post on x by Justin Drake claiming AI will break ECDSA before quant and we should all enter in a “bunker mode”. I’m a bitcoin beginner so i’m a little worried, what are your opinions??
Thanks


r/BitcoinBeginners • • 9d ago

Ibit for my 401k?

22 Upvotes

My company’s 401k allows us to purchase individual stocks at ETF and I was considering putting 30% of my existing portfolio into ibit. Curious if anyone has ever done something like this before?


r/BitcoinBeginners • • 9d ago

Hardware Wallet

11 Upvotes

Hello,

I’m planning to buy a Trezor 3 as my first hardware wallet and start buying Bitcoin periodically (DCA), probably starting with relatively small amounts and increasing over time, I’m interested in generating my own seed using physical dice rather than relying entirely on the device’s built-in randomness. What is the correct/safest way to do this with a Trezor 3? Is this generally recommended, or is using the Trezor’s own secure random seed generation preferable? I’ve seen terms like “dice-generated entropy” and “BIP39 dice-generated seed,” but I want to make sure I understand the distinction correctly. What are the main mistakes a first-time Bitcoin buyer should avoid when setting up a Trezor and making regular purchases? For example, seed backup, passphrase, exchange account security, withdrawal procedures, address verification, and avoiding phishing/scams.

My initial plan is to keep the Trezor as cold storage and periodically withdraw BTC from the exchange rather than leaving significant amounts on the exchange.


r/BitcoinBeginners • • 9d ago

Should I upgrade?

10 Upvotes

As of now, I have a Trezor 3. Should I upgrade to a Trezor 5. If I do what do I gain. My 3 was my second experience with a coldwallet. I found my 3 very easy to use as well as manage. My first was a Ledger Nano S. Wasn't all that impress with the workings of Ledger. Any advice to persons more experienced in coldwallets would be appreciated. Thanks.


r/BitcoinBeginners • • 9d ago

What assets to own now to guarantee a financially safe future???

16 Upvotes

With the growth of AI, there is speculation it will take over jobs and eventually most will be poor. Only the wealthy will enjoy lavish lives. What assets should I own now or within 5 years to help guarantee a future where I have leverage and will be able to sell at a good price if need be. Gold/Bitcoin/real estate?? Etc.


r/BitcoinBeginners • • 11d ago

bought my first bitcoin

43 Upvotes

hey i just bought my first bitcoin, can yall help me figure out what i should and shouldnt do?


r/BitcoinBeginners • • 11d ago

Bitcoin adress

4 Upvotes

Hy, 2 months ago,i saved bitcoin adres un my revolut account. 2 days ago,revolut send some bitcoin to this adres i haveve saved 2 months ago. I forgott if this adres is hot wallet or some casino or sonething else. Revolut sqys they dont kbow either. Is there any way i find out if this is crypto site,or casino or something else. I just forgott


r/BitcoinBeginners • • 13d ago

Is this the new normal ?

10 Upvotes

Recently Cash app has given me a 2% a week payout on all BTC that I keep in an account with them plus prizes weekly that will pay out up to several hundred people and several thousand .

Has anyone seen this ? Does it make sense or not ?


r/BitcoinBeginners • • 14d ago

Thinking of investing my first $1000

28 Upvotes

I'm feeling about ready to make my first BTC investment of $1000. May not be much, but it feels like what I can afford to lose. I plan to hold 25–30 years until retirement, or pass on to my kids. Is Cash App a good enough platform for this? It would be convenient for me and I don't have a lot of free time to research every alternative, wallets, etc. Purchase fee on $1k would be $9, and I'm not sure if one platform is better than another when it comes to sale taxes/fees. Thanks!


r/BitcoinBeginners • • 15d ago

I want to use a very old Android phone as an air gapped wallet.

13 Upvotes

Hey, basically what the title says. I've been trying to find any software or even a kind of port of seed signer software to android. Any recommendations? Also, is this safe? I can't afford a hardware wallet right now and an air gapped options gives me more peace of mind than a self custody one in my phone.


r/BitcoinBeginners • • 14d ago

Is there a way to use the gui o bitcoin core to sign a multi sig? Or does it need to go through terminal.

5 Upvotes

I’m going through a phase now where I just want to use bitcoin core and no hardware wallets due to previous issues with every company. My plan is to use and online and an offline laptop.
I know the set up has to go through terminal and that’s fine.
Was just wondering day to day signing etc can it be done on the gui alone? I want least possibility today finger the wrong address and does bitcoin core provide a safety net for typos etc like other hardware wallet softwares

I looked into yeti but was wondering if there’s an easier way.


r/BitcoinBeginners • • 15d ago

Electrum vs Sparrow

6 Upvotes

Im using an airgapped pc for cold storage and I will be using my storage only for keeping money in it, how do electrum and sparrow differ? Which one is better to use? I heard sparrow has some newer features what are they? Also they wanted me to enter my seed after making it and you're never supposed to enter your seed anywhere but Im guessing typing it on an airgapped pc is ok?


r/BitcoinBeginners • • 16d ago

Beginner Bitcoin miner in India – ₹2 lakh budget + 55 kWh/day free solar electricity. What miner would you recommend?

10 Upvotes

Hi everyone,
I’m a complete beginner to Bitcoin mining and I’m looking for some guidance before I spend my money.
I’m based in India and have a 10 kW solar system at home. After my household usage, I currently have around 55 kWh of excess electricity available per day that would otherwise go unused.
I’m thinking about using this excess solar power for Bitcoin mining.
My situation:
🇮🇳 Location: India
☀️ Solar: 10 kW
⚡ Excess electricity: ~55 kWh/day
💰 Miner budget: around ₹2 lakh (~US$2,300)
🏠 Mining at home
🔰 Completely new to ASIC mining
🎯 Goal: Long-term mining rather than trying to make a quick profit
🔌 Electricity cost for the excess solar: effectively ₹0 to me
I’m mainly interested in Bitcoin/SHA-256 ASIC miners
I’ve been looking at used/new ASICs such as Antminer models, but I’m confused about which one makes the most sense at this budget.
I’d really appreciate advice from experienced miners on:
Which ASIC would you buy with a ₹2 lakh budget today?
Should I prioritize TH/s, J/TH efficiency, or purchase price?
Is it better to buy one newer efficient miner or multiple older miners?
Are there particular ASIC models I should avoid?
What should I check before buying a used ASIC?
How much should I realistically expect to earn after pool fees?
How much of my ~55 kWh/day can I actually utilize with a suitable ASIC?
What are the biggest problems with running an ASIC at home — heat, noise, electrical load, dust, etc.?
Which mining pool would you recommend for a beginner?
Is there anything specific I should consider in India regarding taxes, regulations, importing ASICs, or electricity/solar rules?
I’m not expecting guaranteed profits. I’m trying to understand whether my unused solar electricity gives me a meaningful advantage and what would be the most sensible way to start.
If you have experience mining with solar or running ASICs in a hot climate, I’d especially appreciate your input.


r/BitcoinBeginners • • 17d ago

I FORGOT MY BIP38 password

0 Upvotes

Can anyone suggest how to open bip38 password i forget the password i cant open my wallet i have my private key but i forget the bip38 password


r/BitcoinBeginners • • 18d ago

Is there a purpose to using two cold wallet devices?

12 Upvotes

I was wondering why a person would have a need to deploy two cold wallet devices. What is the thought behind this practice.


r/BitcoinBeginners • • 19d ago

Are hardware wallets terrible ideas?

0 Upvotes

After the Cold Card event it has me thinking that hardware wallets are trusted third parties and are an easy supply chain attack target in the future when bitcoin becomes more obvious to overthrow the central banking cartel.

Every hardware wallet can claim it has open source code but there really isn't a way to verify that the hardware doesn't have anything hidden in it. And it seems like we want bitcoin self custody to be easy and just tell people to get a hardware wallet and write 24 words and your done. But I think we need to reexamine self custody and point individuals to bitcoin core on an offline laptop running linux. Two very secure and open source software stacks running on generic hardware. Seedsigner gets close but it still has a limited number of eyes on it. Why do i feel using bitcoin core as a wallet never gets much talk/discussion?


r/BitcoinBeginners • • 19d ago

Binance p2p

0 Upvotes

I have been trading p2p on Binance for a while now, and I have been having a bit of a problem where I miss some trades because the Binance notifications on my phone, for some reason, are the last priority, so I have to scroll down to see them.

Is there a workaround? For p2p traders, or do I just have to stay on the order page and keep refreshing? Or is it a problem with the phone I am using? For context, I am using an Oppo A5 Pro.

What are some of the hacks that elite traders use so that they don't miss any trades?