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@ Misty
2024-08-22 17:35:01
These are the questions I have surrounding #Bitcoin.
#asknostr
I have read through more than set of documentation but the details are starting to get fuzzy. My goal for now is to purchase Bitcoin and keep it safe and know how to recover it if something happens to the wallet it's in. I can keep learning more later.
I posed these questions to another group, but I had to ask twice and the answers I received were not detailed (in other words, outside of saying "Yes" to question 1, my questions below weren't really answered.)
1. Is it true that as along as I have my passphrase that I can import the funds of the first application to a second, completely different application?
2. Which hardware wallet is best for Bitcoin only? Bitbox, Ledger Nano S, Trezor Safe 5, or something else? Should I buy one or two? I opened a Phantom wallet for now. Ledger Nano S works with that one, but I heard there might be security issues with it? The reviews I've read online seem conflicting. I have a USB-c port on the laptop.
3. Is all Bitcoin purchased with a debit card attached to a fiat bank considered KYC Bitcoin or just the BTC purchased through exchanges?
4. Has anyone purchased more than 1k w/a debit card from Phantom and then be able to move that to another wallet without issue?
5. If I'm presented with multiple payment options for using a debit card (in any wallet) when buying more BTC, should I always choose moon or moon pay?
6. Should I move over to Strike if I will be purchasing regularly?
7. What happens to the bitcoin if the hardware wallet never turns on again?
I also read about non-KYC BTC but those websites just were kind of overwhelming and confusing. I've read some basic documents/articles on Bitcoin from a few folks on Nostr and from the web plus a few other things, but the material combined doesn't really answer the questions I have above.
Also - please do NOT zap this article/post because my node is down and disconnected again.
Thank you all.