I should go to bed soon, but I have some questions. I’m still learning the ropes and would love some help!
1. Where’s the best place to buy #bitcoin with USD?
2. Will I be able to transfer bitcoin to/from my Alby lightning wallet?
#alby #lightning #wallet #usd #asknostr 
Robosats is the best in my opinion because it's KYC Free.
You can use strike if you don't care about that skrt of thing, but you can also use strike with robosats.
Thank you!
Try Robosats or Boltz!
Bitcoin Well is awesome, easy to use and is self custody by default. Any BTC you purchase on their exchange goes straight to an address you specify. You’ll want to get a hardware wallet with a BTC address.
I think you can only send on the lightning network with Alby. Not on-chain on the Bitcoin network. You’ll want to have a set of addresses that you have 100% custody of to stack your main stack. Use Alby for fence post money and zaps.
You’ll also want to learn about taking those smaller chunks of bitcoin that get sent to your hardware wallet and consolidating them into larger pieces when onchain fees are low. Since moving them in the future may be cost prohibitive in a bunch of small pieces (UTXO’s). Just look on YouTube for videos about UTXO management. It’s important. Sparrow desktop is a great tool for consolidation of smaller UTXO’s
Wow, thank you for all the info! That gives me a lot to look into!
Bitcoin is a real journey. Just make sure you never keep your hardware wallet seed phrase just in paper. There’s lots of kits available to purchase that include steel plates that you can stamp your wallet seed phrase onto. Fireproof and water damage proof.
As for exchanges, while Bitcoin Well is great, you may also want to establish an exchange account with an exchange that gives you the option to have money sent straight to your bank account if you sell any Bitcoin. Bitcoin Well may have some functionality for this, but because I’m Canadian, they just have an option to send money to me by Interac e-transfer. A service which may not exist in your state. When you sign up to Bitcoin Well just poke around on your account page and see. The interface that you see when you login to their site may be slightly different than mine and have adifferent options for this then I can see on the Canadian site.
It’s good to have an account with more than one exchange too as a backup. Swan Bitcoin is likely the most respected one among OG Bitcoiners in the States.
Since Swan doesn’t immediately send your Bitcoin directly to your wallet, it’s advisable to just leave it on the exchange till the dollar value of BTC in your Swan account hits about $500. Then send it to your hardware wallet. That way you aren’t collecting all these tiny chunks (UTXO’s) that you have to consolidate later. But as a rule, don’t leave your Sats on any exchange. Withdraw them to self custody.
PS my current fave for a hardware wallet is the Cold Card MK4 from Coinkite. I’d recommend grabbing two of them and making them clones of one another so you can keep at least one offsite if you’re doing some serious stacking.
Glad I could help. Be prepared to watch lots of videos from BTC Sessions on YouTube on this journey lol
It definitely is a journey! And one I just started! So your info is really helpful! It’s giving me lots to chew on. I appreciate it!! 🙏🏻
