Bitcoin Starting Point

Bitcoin resources, tools, and guides.

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Learn Bitcoin

My Recommend Bitcoin Resources

Films, and Videos

Books

Articles and Papers

Podcasts

Online Education

FAQ

🤔 What is bitcoin?Bitcoin is a tool. Built from technologies that form the basis for digital money.🛠️ How does bitcoin work?Bitcoin is a free open source software allowing communication between participants.💰 What are bitcoins?21 million units called bitcoins are used to transmit value to network participants.👤 Who controls bitcoin?No one! It's a peer to peer (computer to computer) system with no central server.📱 How do you use Bitcoin?Participants join or leave the network at will on a wide range of devices, including computers and mobile phones.

Buying Bitcoin

Where to buy bitcoin

Canada

U.S.A

World Wide

Where can I buy bitcoin?

Online
- Web based exchanges
- Peer to peer marketplacesIn Person
- OTC exchanges
- Bitcoin ATM's
- From bitcoin owners

What are the regulations for buying bitcoin?

Every country has a different definition of bitcoin.In the majority of the world, bitcoin is considered an asset. Falling under the same regulations as purchasing precious metals.

Choosing a place to buy bitcoin

Choose a service that:1. Accepts your method of payment
2. Built for your country of residence
3. Allows bitcoin withdrawalsBuying from bitcoin services is the easiest option.However, its not private.Bitcoin services must follow Know Your Customer regulations, allowing for the possibility of your transactions to be attached to your identity.If your financial privacy is important, purchase anonymously.

Holding Bitcoin

Recommended tools

Bitcoin Wallets

Hardware Devices

Physical Bitcoin Cards

Collaborative Multisig Custody

How does storing bitcoin work?

Bitcoin is virtual, linked to addresses seen by the entire network.A key is paired to an address. A key has two purposes:1. To sign proof of ownership
2: To send to other addresses on the network.Keys and addresses are stored and generated by software called wallets.

Bitcoin wallet options:

🔥 Hot wallet
Software on a mobile device or computer connected to the internet.🧊 Cold wallet
Device or downloaded software not connected to the internet.📝 Paper wallet
Addresses and generated keys are stored physically without software.🏦 Custodial wallet
Bitcoin is held by a company in your name.🔐 Multi-Signature
Using a combination of keys to create a bitcoin wallet.

Steps to get a bitcoin wallet

1. Choose your preferred device
2. Download a chosen bitcoin wallet for that device
3. Open the app and create a new wallet
4. Follow the steps to create a backup of your wallet
5. Receive bitcoin by copying your receive address

What is a hardware wallet?

A device that stores your private key offline.When using a hot wallet, your private key is on the device connected to the internet.By using a hardware wallet the key is stored offline. The odds of having your key comprised exponentially declines.

Using Bitcoin

Recommended tools

Run Bitcoin Software

Business Tools

Spending Tools

Lightning Network Tools

Join the Bitcoin Network

Bitcoin runs 24/7 365 days a year.You can send, accept, sell, or trade it without censorship from anyone.To verify transactions on the network you'll need to run bitcoin software.

What is a Bitcoin Node?

To join the bitcoin network a device is needed to be running the bitcoin software.This is called a "node"A node stores the rulesets of the software. It broadcasts and verifies transactions on the network.

Do I need a Bitcoin Node?

No, you can rely on connecting to someone else node. Most wallets come connected to a node.If you are using another's node you are using their chosen rule set. Relying on them to broadcast the correct data to you.If you are unable to use your own node, its best to use a trusted node.

The Limitations of Bitcoin

Bitcoin has a limit to the number of transactions and speed they can confirm. This is a security feature of bitcoin.However, to scale bitcoin to billions of people, there needs to be a solution.

Basics of the Lightning Network

The Lighting network is one solution built on top of the bitcoin protocol. Allowing for cheap instant transactions.The lightning network is trustless and peer-to-peer. Participants create channels with locked bitcoins to trade with each other.Participants can join or leave whenever they choose.

Need Help?

Not sure where to start?Book a quick complementary 1-on-1 call to can help answer your bitcoin questions.

You'll receive:📧 Email invite
💻 Video or audio call at your desired time
❓ Answers to your question
📗 Free follow up resources
👤 A contact for life!This is not financial advice. I provide education on bitcoin.Always do your own research.

Just a quick question?
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Why Choose Multisig?

Schedule a consultation or call +1 (844) 486-2424 and ask to speak to Darren.I'll be happy to take a few minutes to help you decide if Unchained is right for you!

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