Buying and Securing Bitcoin

First Steps

• Get off zero

• Determine what you want to invest for say a year and start a slow and steady accumulation, divide by 50 and start a Dollar Cost Average (DCA) with Swan Bitcoin or other reputable

• Start with a Custodial wallet, this is sort of like a bank account. Someone else is holding and controlling your money

• Go at the pace that works for you

Where To Start

• Coinbase - many Bitcoiners started here. Coinbase over time has supported (i.e., listed them on their exhcange) many questionable token coins. They also made a questionable acquisition of a blockchain analytics company. For this reason, many don’t recommend Coinbase anymore. If you use Coinbase, move into their Coinbase Pro account for cheaper fees and more advanced functions.

• Swan Bitcoin - Swan is an on-purpose, Bitcoin-only exchange. Their sweet spot is

Do not buy on an app where you cannot move your Bitcoin into your own custody, so for example, don’t use RobinHood or PayPal as they have this restriction.

• Move to a hardware wallet (Trezor, Cold Card)

• You might keep some short term funds on a mobile phone wallet (Blue Wallet, Muun)

• Eventually you want to get to a Multi-sig wallet

  • Create your own (there are guides)

  • Casa

  • Unchained