#GM #bitcoin #strategy #asknostr #coffeestr
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Under $100 is ok to keep in Primal.
A step better is to withdraw to another lightning wallet, but unfortunately the good ones are blocked in the US (it's possible to install, but quite tricky on iPhone. If you have android, we can guide you).
Using lightning (like what Primal has) for anything over $500 doesn't currently make sense and so at those amounts you should get a "hardware wallet" (I hear Bitkey is simple to use, I like Trezor... we can give you more options if you ask).
When you get over couple thousand $, then it make sense to create strong backup solutions that are provided by Casa and similar companies.
Another option is to come to Costa Rica, or El Salvador or other places where you can actually spend the sats (from your Primal, or another wallet, doesn't matter). There are a bunch of online stores where you can also pay with bitcoin from your Primal. Or using your primal you can buy gift cards for Amazon, Target or anything and use the sats that way.
@strike makes it super simple if you want to swap to dollars (or pay bills in sats), but concur with checking out @BTC Sessions ’ guides for more info on wallets and everything Bitcoin in general.
Highly recommend learning how to acquire some sats that aren't tied to your public info.
KYC is the illicit activity.
Remember, as much as you want to believe bitcoin is money, the reality is that you are dealing with cryptography. So that means storing a private key in the form of 12 words. I know to you they are just twelve words, but in cryptography, it's actually a very special number that only you know. The moment that number escapes you, or leaked, is the moment your money is lost forever. Welcome to self sovereignty. It would take someone longer than the end of the universe to guess that number.
Very cool watching you figure this all out - you're crushing it! There will probably never be a better time to have all these experts helping the new folks, beautiful thing to see.
Screw all that stuff everyone is posting.
Don’t worry about connecting Bitcoin (the sats and zaps) at this point. Just enjoy Nostr. Consider the wallet an add-on feature to Nostr. You have an account, so you’re set.
Don’t even worry about the wallets for at least a couple of months. Get comfortable to posting and engaging for now.
Just save your 12 words and have fun!
You must be joking. A noobie user can hookup an ecash wallet no problem and benefit immediately.
Sure. But why worry about that on day one of using Nostr? It’s not necessary to use the app and I would think you can see that spending time looking through the vastness of options of both apps and wallets and then funding the wallets before they experience the value Nostr has to offer can turn casual users off. When I first tried Nostr, I thought it was a shittier version of X with nobody on it. After more use, and exploring other apps like Wavlake and Fountain FM, the real value clicked. The wallets and zapping added value by allowing me to feel more part of a community, and show my support for those who are creating value. But that is not a day-one task.
BC zaps are the killer feature of nostr.
There’s probably an opportunity then for someone to pursue creating a client that automates the whole process soup to nuts with just a signup.
We’re still in the equivalent of assembling-computers from-kits stage.
They did, it's called primal, but the client is insecure because you have to paste in your nsec
Also, there is an ecahs project where your npub automatically recieves ecash when you login but the client has to enable it right @calle
Strike has the lowest fees.
For larger amounts get a Bitkey if you're not too technical. If you are, get a Cold Card Q.
Expect the value of your bitcoin to be worth 10X more than it is today.
If losing that amount of money would be disasterous to you, consider using Unchained for a 2-of-3 multisig wallet. If you lose 1 key, they can help your
recover.