248 sats \ 6 replies \ @fiatbad 21 Sep 2023 \ parent \ on: I am a shitcoiner, sorry! But I want to switch :) bitcoin
Yikes, straight to the P2P non-KYC?!
OP, @DarthCoin is correct. Non-KYC is going to have a little more learning curve up front. But after you have done it a few times, it gets really easy. Also, you don't have to worry about about usernames and passwords and getting verified and all that shit that comes along with normal KYC exchanges. I would argue that non-KYC is actually simpler!
Start here: https://github.com/RoboSats/robosats
I'm sure most of us here will be willing to help you with any questions getting started.
Will read your link. Thanks for this suggestion. I will skip and ignore all KYC based exchanges from now on.
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Just a heads up.... it can be trickier to buy large amounts on non-KYC exchanges. They are really good for buying under 1 Million Sats at a time. This makes them great for dollar cost averaging into Bitcoin over time.
Another heads up: I think RoboSats only works on the Lightning Network. So you'll need a LN wallet first. A little education on how LN works and why we use it could go a long way in helping get set up. I recommend keeping your purchases in Lightning until you get a large amount saved up, and them move them to on-chain Bitcoin. At least greater than 1 Million Sats. Custodial solutions like Wallet of Satoshi are okay as long as you move the funds to your non-custodial wallet periodically. (DarthCoin might strike me down for even suggesting a custodial Lightning wallet... just don't keep large amounts there and you're fine)
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Mutiny Wallet can swap between lightning and on chain, Non-Custodial with a lightning node in the browser. In beta though.......
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Yea, there are a lot of great developments on this in the pipeline.
It has been frustrating for newcomers to understand, so I'm hopeful that these future developments will make it much easier and seamless for people. They shouldn't have to understand the nuances of Lightning in order to use it. We just aren't at that point yet, as the BCHers love to keep pointing out.
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Thanks, I will read about Mutiny as well, and see if I can go ahead. Thank you all. It is really frustrating and overwhelming for me.
But a big shoutout to StackerNews. I can finally ask someone and there are people here who genuinely help instead of just scamming me out. I don't have any bitcoin buddy to hold my hands but I'm trusting on SN for headstart.
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Robosats supports on chain as well now
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