I’ve been recently asked by my friends how does this Bitcoin thing work and how can one get one. In order to avoid repeat myself , I’ve compiled a list of podcast and YouTube videos that influenced me in a way that I’m comfortable with the technology and ultimately bought some Bitcoins and started mining Ethereum.
The following list of YouTube videos have allowed me to further understand Bitcoin and its network, intern allowing me to feel confident when investing in Bitcoins and mining Ethereum.
This is a podcast that got me into all this – highly recommended
YouTube account of my favourite crypto evangelist – Andreas Antonopoulos
To start with I recommend:
Another basic infos: https://www.youtube.com/watch?v=UlKZ83REIkA
Security – must listen and it’s also terribly funny: https://www.youtube.com/watch?v=vt-zXEsJ61U I love the ‘sorry for your loss’ part 😀
Hardware wallet – http://trezor.io
After getting through the previous videos, you’re aware that the safest storage is not your laptop and already know that if you don’t own your private key, it’s not your Bitcoin. The most secure way of protecting your crypto assets is investing in a hardware wallet. I can highly recommend Trezor. It’s made by Satoshi Labs in Prague. Some of the guys are involved in the Slush Bitcoin mining pool.
Software wallet is meant for buying coffee, using ATMs for deposits and withdrawals, or small person to person payments. The most convenient solution is having an app on your phone. I’m using this one:
You can use ATMs but you’ll find better exchange rate on exchanges. ATMs may be found in every bigger city but be very careful about their exchange rate, might differ greatly.
Trading in CZK: https://coinmate.io/
Trading in USD and EUR: https://www.bitfinex.com/
Places to spend your bitcoin:
Check CoinMap for places accepting Bitcoin: https://coinmap.org/
Paralelni Polis – If you happen to be in Prague, you might want to check the local crypto Mecca. There’s a caffee, a working space and regular workshops. You need Bitcoin or Litecoin for paying. If you’ve never bought any crypto, there’s an ATM inside and they’re able to help you if in trouble.