Intro to Bitcoin

Roberto

Intro to Bitcoin Wallets and More

5 video’s

We offer and personal training designed to help you in the world off CRYPTO

1:Intro to Bitcoin

HOMEWORK ASSIGNMENT

Open up (2) wallets from the list below:

(practice good record keeping and security)

Klever Wallet – Mobile

Atomic Wallet – Desktop or Mobile

Exodus – Desktop or Mobile

Trust Wallet – Mobile

+ klever Wallet video training below

What is a Bitcoin wallet?

A crypto bank account that you control
It never closes you may use it anytime
A place to store your public address and private keys
Lose the keys and lose access to your money
It is self-responsibility banking

Cryptocurrency Wallets

The first place in getting started with Bitcoin or any cryptocurrency is having a wallet to store your coins in. Wallets are often confused with exchanges or places where consumers buy Bitcoin. A centralized exchange will provide you with a wallet address but they have control over your cryptocurrency like a bank because they hold the private keys.

Your Public Bitcoin Address

Also known as a receiving address is a unique identifier that serves as a location to where Bitcoins can be sent. You can share your BTC address for others to send payments. It is like your bank account number in which you manage and control. Your Bitcoin public address is made up of alphanumeric characters and usually begins with a 1 or 3. Older addresses can start with bc1.

Private Keys | Recovery Phrase | Seed Phrase | Secret Keys

You may hear these phrases and what they mean is ownership of the cryptocurrency assets.

A seed phrase can be 12 or 24 words. In the event that a mobile device, computer or hardware wallet is stolen, lost, destroyed or replaced whomever has the seed phrase can restore the cryptocurrency wallet.

Important!

You must come up with a system so that it is impossible for you to lose your recovery phase words.

Tips:

Have 3 encrypted flash drive devices with your recovery phrase words (minimum)
Have 3 hard copies preferably laminated with your recovery phrase words (minimum)
Have 1 backup copy of your phrase words in a location outside of where you live (minimum)
You can also store your recovery phrase words on an encrypted external hard drive
Memorize your 12 or 24 word seed phrase

Do NOT take a photo and store on your phone

Do NOT store on a plugin flash drive

Do NOT store on your computer

Disclaimer: this presentation has been prepared solely for informational purposes. There is no recommendation in this review to purchase any product or service. Any earnings or income statements, or earnings or income examples, are only examples and illustrations. Past performance does not guarantee you the same results in the future. This is not an official presentation of any product or service. The opinion expressed in this presentation does not express advice, and independent advice should be sought from a qualified professional relevant to your personal circumstances. Any person reviewing this presentation take their own responsibility to verify its accuracy and relevance to their own personal strategy.

The content on this page and contained in this video are my exclusive intellectual property. Any strategy, thoughts or ideas are my personal views and for illustration purposes only. This page, video and any text words may not be shared or duplicated without my written consent.

All rights reserved. All content (video, texts, trademarks, illustrations, photos, graphics, files, designs, arrangements etc.) on this website of Robert Vandelanotte are protected by copyright and other protective laws.

KLEVER WALLET TRAINING FOR NEWBIES

Click Here for Mobile Download

referral code: EASBOE

There is no promise or representation that you will make a certain amount of money, or any money, or not lose money, as a result of using a product or service that may be discussed in this video.

This presentation has been prepared solely for informational purposes. There is no recommendation in this review to purchase any product or service.

Any earnings or income statements, or earnings or income examples, are only examples and illustrations. Past performance does not guarantee you the same results in the future. This is not an official presentation of any product or service. The opinion expressed in this presentation does not express advice, and independent advice should be sought from a qualified professional relevant to your personal circumstances. Any person reviewing this presentation take their own responsibility to verify its accuracy and relevance to their own personal strategy.

The content on this page and contained in this video are exclusive intellectual property. Any strategy, thoughts or ideas are personal views or opinions and for illustration purposes only. This page, video and any text words may not be shared or duplicated without written consent.

All content (video, texts, trademarks, illustrations, photos, graphics, files, designs, arrangements etc.) on this website are protected by copyright and other protective laws.

2:Intro to Bitcoin Exchanges

HOMEWORK ASSIGNMENT

Open up (2) Exchange accounts from the list below:

(practice good record keeping and security)

More Bitcoin Exchange Choices

What is a Bitcoin exchange?

Centralized exchange – are governed by a central authority that functions much like a bank. They are the middleman between buyers and sellers. Fees are usually higher as you are paying for features, flexibility, convenience and customer support.

There are some advantages and you will want to setup a few centralized accounts. They make it easy to buy and sell cryptocurrencies on their approved list.

You can use credit / debit and also connect your bank account to the exchange. This makes it seamless when you turn cryptocurrency back into fiat currency and send the converted funds direct to your bank account.

Decentralized versus Centralized exchanges?

Decentralized versus Centralized exchanges. The difference between the two is very simple. You have control and ownership or you surrender control and ownership. Not your key, not your coins.

Decentralized exchange – also known as DEX operate on peer to peer through ask and bid price on the open market. Fees are usually lower and you retain control over your private crypto currency keys. A DEX is trustless as you retain privacy in direct trading of one crypto currency for another.

Important!

You must come up with a system so that it is impossible for you to lose your recovery phase and passwords.

Tips:

Have 3 encrypted flash drive devices with your recovery phrase words (minimum)
Have 3 hard copies preferably laminated with your recovery phrase words (minimum)
Have 1 backup copy of your phrase words in a location outside of where you live (minimum)
You can also store your recovery phrase words on an encrypted external hard drive
Memorize your 12 or 24 word seed phrase

Do NOT take a photo and store on your phone

Do NOT store on a plugin flash drive

Do NOT store on your computer

3:Bitcoin Storage & Security

HOMEWORK ASSIGNMENT

Order encryped storage devices to secure your information

Backup your encrypted storage devices (multiple layers / copies)

Create 3 hard copies preferably laminated with your recovery phrase words (minimum)

Optional: order and setup a hardware wallet (cold storage device)

Ledger Nano X

Trezor Model T

Important!

You must come up with a system so that it is impossible for you to lose your recovery phase and passwords.

Do Not store in your desk, file cabinet or obvious place

Do NOT take a photo and store on your phone

Do NOT store on a plugin flash drive

Do NOT store on your computer

Bitcoin Story video 4

I call Bitcoin money in reverse. Governments can print unlimited fiat currency diminishing purchasing power. With Bitcoin there is a limited supply so with higher demand it increases the value and purchasing power of the Bitcoin. There will only ever be 21 million Bitcoin in existence and it is estimated the 30% or 7 million are lost forever. I have said it many times in the past, in the future only the super-rich will have an entire Bitcoin. – Robert vandelanotte

video 5 - bitcoin-tools-resources-2021