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What’s the most secure bitcoin exchange? The best way to buy bitcoin is by going to a non-shady bitcoin meetup with friends at your side who have high level of Skin in the game. Do not meet up via Social Media. Do not exchange personal data, not even in person. For all of you who cannot do this, get your bitcoin from the crypto exchanges later in this post. Avoid KYC (Know your customer) at all cost, but do not despair if you can’t. Once you got your bitcoins in the exchange’s account, transfer them to your Trezor asap and send them from the receiving address on your Trezor to another address on your Trezor. The transaction fees will be set to be marginal. DO NOT disclose the receiving address anywhere ever at all and nobody will ever be able to prove that you own any bitcoin. This is true because nobody can ever prove that you do not. I myself do not own any internet money.

Coinbase

Why is Coinbase listed here? You have to know that Coinbase is disliked by many hardcore bitcoiners and economic liberals. It is probably human nature to always turn against nuclei of supreme power and influence in the end. This might be an intrinsic need to destroy all-corrupting and endless growing centers of power. This David-against-Goliath mentality can be seen in society’s perception of Amazon/ Google/ Facebook/ Catholic Church/ Big Government/ Hollywood and it will most likely find new objectives in the future.

Coinbase is exactly like Apple. It is sexy, expensive, an early player, and you can pretty much count on it to stay in the game long enough for you to withdraw your bitcoin (asap to your Trezor). Like Apple, Coinbase’s user interface and handling is fool-proof, designed for the beautiful fool and therefore the absolute go-to for stressed out side-coiners without time. Every little mistake costs you real and potentially very real money.

Fees are always around 1.5% per buy/ trade. You can swap between a few crypto currencies for FREE and Coinbase adds new dubious altcoins to their stack all the time. There’s also an automation function to “set-and-forget”-execute buys like you’d do in a fiat savings scheme at your local house bank. Also, the fiat money withdrawal is super fast/ reliable and their security features are top notch (Bitcoin Vault + Google 2FA + Mail 2FA). Be sure to live in a country where realized crypto gains are still tax free because Coinbase the bitcoin cash of your local nation state.

Coinbase is the best bitcoin exchange for you if you want to:

  • Set up automated accumulation plans.
  • Not care about mishandling the user interface.
  • Be pretty sure that you will still get your funds restored if the exchange is hacked.
  • Know that your money is partly invested in a modern day Goliath.
  • Have the most comfortable bitcoin experience ever if you transfer your bitcoins to your Trezor instantly and forget about them.

In a world full of chaos and uncertainty, it might sometimes be profitable to cooperate with the big kid on the block for a short period. Just make sure you are not dependent. Know that Goliath will for sure get nasty one day in the future and collect the candy it gave out for free earlier. Only Changelly, Bittrex and Bitmex seem to be legit long term alternatives. All of them inferior to Coinbase.

Try Out Coinbase, Mercedes and Apple of Exchanges

What’s the best Bitcoin book? There are few distinctive ones like there’s different “Bitcoins”. Capital “B” Bitcoin is used to refer to the technology and small caps “b” bitcoin is used to talk about the currency. Satoshi Nakamoto was the first to essentially start both concepts physically as we have them now. I will shortly outline the best books in non hierarchical order.

The Internet of Money Volume I & II

The Internet of Money: Volumes One and Two by Andreas M. Antonopoulos are basically a ton of the best of Andreas Antonopolous’ videos on YouTube in a dense, narrated and structured form. If you want to get into Bitcoin, realpolitisch, Antonopoulos is more important than Satoshi Nakamoto. Whenever you feel like a bear market or insecure thoughts in your brain, listen to Antonopoulos to calm you down. In the end you will find out: It’s all about the long term freezing cold storage of your satoshis (100.000.000 satoshis = 1 bitcoin).

Cryptoassets

Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond by Chris Burniske and Jack Tatar should be read or listened to, when you have absolutely no time to dive into the shitstorm-rabbithole of crypto social media and resources. The book shows the famous existing crypto currencies and the teleological functions of them in a relatively sober way. In the end, it’s good to know why Bitcoin is the only system and currency that really matters and what the driving technology of the “blockchain” might offer in the long term in general.

The Bitcoin Standard

The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifadean Ammous should always be chosen over the “Cryptoassets” Guide. It is more about Bitcoin than about bitcoin. Here you are going to learn the philosophical fundamentals in an easy way. It is recommended to get the physical version of the book because it comes with very compelling graphs and numbers. If Satoshi Nakamotos Whitepaper is the Sermon on the Mount, The Bitcoin Standard is the handbook from some Jehovah’s Witness. Only in a good sense.

Mastering Bitcoin

Mastering Bitcoin: Programming the Open Blockchain by Andreas M. Antonopoulos is the tip of the iceberg of the reason Andreas Antonopoulos is not a quack. He is competent and knows what he is talking about when he tells you that Bitcoin is a viable part of our monetary future. This specific book pars very well with a Python course of choice. If you want to get to the mathematical truth of Bitcoin and not just the philosophical sophistry of some free-market vision, this book is your absolute go-to. It comes with a lot of graphics and clear explanations.

The Internet of Money: Volume One by Andreas M. Antonopoulos

The Internet of Money: Volume Two by Andreas M. Antonopoulos

Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond by Chris Burniske and Jack Tatar

The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifadean Ammous

Mastering Bitcoin: Programming the Open Blockchain by Andreas M. Antonopoulos

As always, less is more. Stick to these only and you are good to go forever on Twitter. You can use Hackernoon as a way to acquire information, too but do not overdo it with sources and articles.

It’s Jameson Lopp, Andreas Antonopoulos and Tone Vays.

Stick to these three. You can wander off to check out accounts they refer to, but they should remain your core for the start. One wrong click can screw your whole bitcoin ecosystem perception if you are new and not immune to ideologues and outright shysters like Vitalik Buterin, James Altucher, Roger Ver and John McAfee.

If you want to expand, check out Michael Goldstein, Nick Szabo and Peter Todd.

Let’s say you only follow these six accounts from the bitcoin realm (weird, huh?), this would be plenty of reason to follow you. Don’t get drunk on the internet.

What is the best/ most secure bitcoin wallet? It’s the one that is fool-proof and future-proof. Do not waste your long term money or focus on shitcoins like Bcash, Ripple, Ethereum, and everything alike. Focus on cold storage of BITCOINS only.

  • The most fool- and future-proof Hardware Wallet is by FAR the Trezor.
  • You effectively OWN you private key but you do not “know” it directly, which is a good thing. It is attached to the device.
  • The Trezor will most likely be there in the foreseeable future. At worst, it will STILL be compatible.
  • Every hardware can be hacked when PHSYSICAL ACCESS is given.
  • Watch this video by Andreas Antonopoulos about bitcoin storage.

Swallow the pill of a few bucks and get your Hardware Wallet shipped to you. After you hold it in your hands, you can play with it physically and learn more about the procedure as you go along. Don’t fall prey to panic-makers.

Trezor Model T Cryptocurrency Hardware Wallet

Trezor One Cryptocurrency Hardware Wallet