Cryptocurrency QuickStart Guide

Live off-grid with decentralised golden pony dollars

Don’t forget to bookmark Crypto Hero Music for later 🎶

You’ve heard of them CDO bank scams that tanked the world economy in 2008, right? Did you know that the those responsible for the crisis, likely sent tens of millions of people below the poverty line, and are still influencing at the highest levels of politics today… bathing in the riches they stole from the working man!

Isn’t that some funky shit?

As if flawed systems of economic wage slavery wasn’t a bad enough deal, the world is ripe with inequality, censorship, and subjection. No bueno amigos.

Here’s how to defend your economic and political freedom with blockchain technologies.

Bitcoin in a nutshell

Bitcoin is sound digital money, lets you instantly transfer value to anyone all over the world, making it more usable than gold. Bitcoins are stored on the most used, largest valued, and most censorship resistant blockchain, which is distributed ledger technology with a breakthrough solution to double spending. Bitcoin is a monetary revolution where anyone can receive, store, and spend money digitally, without the need of a government-issued currency or central banks.

Getting started

The easiest way to get started in crypto is owning a piece of it, using it to buy stuff online, and sending some to family and friends. This will jump start your learning about the technology.

Buy some Bitcoin With Coinbase

Coinbase is one of the largest and most reputable crypto exchanges and makes buying Bitcoin easy, so let's start here.

Step 1) Visit www.coinbase.com and signup to create your account.

Get $10 of FREE Bitcoin when you signup with this link and buy over $100
Visit www.coinbase.com and signup to create your account.

Step 2) Navigate to Buy/Sell, and add a payment method.

Step 3) Select how much Bitcoin you want to buy

🎉 Congratulations, you have bought your first Bitcoin🍻. You can now explore spending it in loads of places online📦, send some to family and friends ❤️ convert it back to fiat 💵 with Coinbase or another exchange, swap it for shitcoins 💩 (not recommended). Fun. Fun. Fun.

!WAIT ✋ You still don’t own your Bitcoin 😟

Coinbase is on a mission to make it easy to buy and sell cryptocurrencies, and they do this by providing you with something called a custodial wallet. This just means that they control the private keys to your crypto wallets, which are what give entity permission to ‘edit’ the blockchain and move your coins.

What happened to take’n back your economic freedom?

To own your crypto with 💯 the responsibility for safeguarding your funds, you will need to create a wallet where you are required to backup your private key. Then you’ll need to move the Bitcoin you just bought with Coinbase to your newly created wallet. Since we’re still discovering the technology with the intent to use it, let's get you set up with a mobile wallet.

Own some Bitcoin with Android or IOS

Bread wallet, Edge, and Mycelium all offer Bitcoin wallets which let you take control of your private keys, available on both Android and IOS. However, if you would like to explore the lightning network, a secure second layer that allows payments between peers directly or through a trustless network, consider testing with Eclair (Android).

WARNING: Never store large amounts of Bitcoin on a mobile wallet, and do research before downloading or installing, since fraudulent wallets and hackers could use malware to steal your bitcoins.

Step 1) Install wallet & backup your recovery seed

Most mobile wallets make the process of backing up your private key easy, using recovery seeds, randomly generated list of words taken from an encryption model like BIP 39. With these words, you can recover your funds on another device. This means that anyone with access to these words can also recover (and spend) your Bitcoin. For your eyes only! 👀

Since we’re still exploring the technology, simply write your wallets seed on a piece of paper (offline), and store somewhere safe. Then enter a password to encrypt the seed (if prompted).

Step 2) Send Bitcoin from Coinbase to new wallet

To do this you will need to copy your receive address from your newly created wallet, then login to Coinbase, navigate to accounts and click send. Next paste your receive address into ‘Recipient’, select the amount you would like to send, and click continue.

You should see the pending transaction in your wallet within a few moments.
🎉 Congratulations, you are now the proud owner of some Bitcoin and can explore living #offgrid with crypto. 🍻

############################################

A bit about me: I’m Rhys! I’m a 28-year-old adventure addict from England. In 2017, I crossed the Pyrenees, powered by the elements…rock’n a high-performance paraglider. I turned the project into the most interactive adventure of it’s kind. Here’s a sneak peak into day-9, where we flew for 7 hours, covering more than 137km in-flight. The project began as a crowdfunding.

🔆🌍⛰️⛅💨🚀😎

Follow me on Twitter

############################################

Creator Didn’t Get Paid

If you’d like to support my efforts to save the world, become a Patron.

or

TIP WITH BITCOIN: 39J4rDMz84Er8VsNzzrb12aX3iRrbNYg5n

############################################

How I Help Startups 💯 🔋 🚀