How to obtain Bitcoin as a newbie?

How to obtain Bitcoin as a newbie?

DarthCoin ₿⚡️

I am writing this post for those people that are still struggling to find a way to obtain some BTC. Some people (still) don't understand some aspects of this process and maybe they need some clarity.

We are used to think in fiat money terms and that is wrong. We need to adapt to Bitcoin terms and his sovereign way to do things. When an individual enter into Bitcoinlandia, have to change his "slave thinking" into "sovereign thinking". We were "trained" to be slaves and follow blindly the "masters" banksters/govs rules. Is time for people to say stop to that and start being a sovereign individual, but not just in claiming his rights but also in being fully responsible for his actions. This aspect change totally the "game rules". You are no longer "protected" by masters laws and regulations, that actually put you in slavery; when you are dealing with Bitcoin, you are the one that makes the rules but also respect others rules (if you agree with them).

In Bitcoinlandia, YOU are the only one that protect yourself, so be well trained, well informed, be wise, don't be greedy, be prepared to accept all the consequences for your mistakes and most important: NEVER GIVE UP. Giving up is going back to square one: slavery, you accept your defeat and you go back to being "a toy" for the masters. There's always a solution but it is your duty to find it and apply the one that suits you.

Ok, let's explain a bit the ways of obtaining Bitcoin, now in 2021 and see their each aspect. In short there are many ways:

  1. Buy Bitcoin from an exchange (centralized or decentralized)
  2. Buy Bitcoin from an ATM, voucher, local trades (F2F)
  3. Earn Bitcoin with selling your products/services, online or in physical shop
  4. Be paid in Bitcoin using Bitwage.com or others similar

Buying Bitcoin from an exchange

There are various types of exchanges: P2P, centralized (market maker), decentralized, KYC, non-KYC. Each one adapted for each need. It is your own decision which one you will use. Or you can use all. Not all are bad or good or perfect. Adapt each one as you need, as you think is good for you or combine them.

Here is a list with all centralized exchanges

Here is a list with all P2P, decentralized exchanges, OTC

Here is a special list of all non-KYC exchanges

Here we've made a curated list of tested exchanges

Yes, we strongly recommend to use mainly non-KYC exchanges and decentralized. KYC is a bad, is a plague, it violate your fundamental rights. Buying from non-KYC will skip you from being a sheep slave, giving up all your info. Yes, this will have a cost, so be ready to pay that cost. Remember: all private things are costly. When somebody is offering you something "for free", that have another hidden cost: your identity, your data.

Yes, when non-KYC is not available in your own terms or it not suit your needs, you can go for a KYC/centralized exchange. Is not wrong doing. Only be careful what you are doing.

If you are planning to to "trading" (buying/selling) a lot, just to obtain "profits" in fiat money, then be prepared to pay the consequences: taxes and be harassed by govs.

If you are planning to just buy and HODL, use it as money, then is less to care. Govs only want to control your trades and profits to be able to tax you like hell. But if you never go back to fiat, they can never catch you with anything.

Remember: they will never be able to take, seize, confiscate, close your bitcoins, without your consent. FUCK THEM! They can't also prove your stash (if you are smart and know how not to show it). Bitcoin is UNCONFISCATABLE!

You can buy from KYC/centralized exchanges if is your last resort, but then, be wise and make coin control and CoinJoin. Don't let the link from bought coins with your real identity. And for this aspect you have many ways to do it:

  • Use Samourai / Wasabi / JoinMarket to make CoinJoin and split your coins into 3 levels of wallets (HODL, cache, LN/spending) and lose trace of all types of tracing coins.
  • Use coin control in dedicated wallets (Electrum) and never mix "KYC coins" with non-KYC coins" when is time to spend them. Coin control features allows you to do that very easily. Learn how to use Electrum wallet as a pro.
  • Use LN (Lightning Network) to move your funds around. LN onion routing makes it a powerful tool to lose trace of your "KYC coins". Use your own node, create channels, public or private, open or tor. Use many wallets, many types of wallets. Here you have a dedicated guide about this process.

You are the bank! Think like a bank!

Here you have some tutorials about one of the best P2P decentralized exchange non-KYC, Bisq:

Buying Bitcoin from ATMs, vouchers, local trades

This is simple and easy, but every day gets it more KYC. The govs regulation are pushing ATM operators to impose more KYC rules.

Check here on ATM map the nearest ATM and their conditions.

Many will have high fees and rates so don't use these as your main source of BTC. Just occasionally, small amounts or testing wallets.

There are also the BTC vouchers. These are regularly found in small shops, selling tickets that can be redeemed later from the operator. Usually are expensive and many impose KYC. Are good for making gifts.

Local trades: in the past bitcoiners used to meetup and have talks and trades in public places, trading BTC/fiat between them, in cash, face to face. Not sure if still there are these kind of places, but are a good way to do it and sometimes the prices were good.

Sell your products/services for Bitcoin

This is by far the best way to obtain Bitcoin!

But for this you have different ways to do it, depending of your type of business.

If you are a small merchant or freelance individual, the simple way is just open a mobile LN wallet (with feature that is not necessary to open channels) and you are ready to go. No more no less. Recommended wallets for this: Bluewallet, Breez, Muun, Phoenix, Electrum, CoinOS, LNtxBot. With LNtxBot, is interesting that you can use it as "unique invoice" address, so you can post it on your website, invoices etc and not being necessary to create for each payment an invoice, with full privacy (that address is not revealing your wallet identity or address).

You can always "empty" these LN wallets into onchain/HODL wallets when is better for you.

If you are a shop with medium/large number of BTC txs, then is recommended to run your own node. The best easy way is to buy a small box that can come already with installed BTCPay Server or simply a BTC/LN node (like Umbrel)

There are many models or if you are a bit techy you can build your own machine and here you have a list of them.

BTCPay server is acting like your own bank. Can be used as a POS and also as a payment processor for your online shop. All straight to your own BTC wallets, no intermediaries, no processing fees (only miners fees), no tracking, full privacy for you and for your customers. BTCPay server can be very easily integrated into your webshop, using plugins to connect to the node and be able to receive payments.

Using Bitwage as your point of direct income

Bitwage is a Canadian company from 2015 that act as an intermediary between your employer/clients and your BTC wallet. Is practically like a hidden exchange.

Yes, you will have to provide a real ID but is not as invasive as other KYC procedures from exchanges. And you can always pass all the BTC obtained from Bitwage, through a coinjoin/LN if you want to lose track of any "sneaky" gov.

The process is simple:

  • If you are an employee in a company and you receive a monthly wage/salary, you just have to put the simple details of your employer into your Bitwage account and an estimated date of your payroll payment.

The system will generate a bank account for that payment with an unique ID for your account. You just have to inform your employer to pay your wage into that account, specifying that reference ID for linking your Bitwage account with the payment.

Next day of payment you will receive BTC straight into your own BTC wallet address, converted at the rate of the day. You can also split your income to be % into another bank account of yours and another % into your BTC address. You can change this settings anytime you want.

  • If you are a freelancer/contractor, you can create and upload invoices (generic) as reference into your Bitwage account.

Same bank details are generated as on previous point, with the same reference number.

You can also switch between employee and freelance wherever you want. Important is that who is paying you, will make the bank transfer to that specific bank account with that specific reference of payment.

That's all, no need to worry about market price, dips and jumps, playing the market, making orders, dips, jumps etc. This is a "Never Look Back" price approach. You always receive BTC, no matter the price is. Your goal is to stack sats for your future, not playing the market.

If you want more details, or if you think that some aspects need more explanation, let me know, will try to complete the needs for more information about these aspects.

DarthCoin guides:

If you appreciate DarthCoin guides, you can send some satoshis, to test your new node, using LNurl, another great tool for LN:

MAY THE ₿ITCOIN BE WITH YOU!

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