I set up a wallet but I still worry about security and backups. I read a lot but it’s still confusing at times.
Any tips from people who have been doing this for years.
New to Bitcoin and stuck on wallets
byu/Hot-Negotiation-9440 inBitcoinBeginners
Posted by Hot-Negotiation-9440
4 Comments
The best way to thin about a wallet is like this: All the Bitcoin in the world is in safes on the Block chain. Your wallet knows what safes are yours and has the keys to open them.
The only reason a wallet is helpful is because it lets you use your safe easily. You don’t need to go cute a key every time. But you could.
Jesus, just download Copay for now to learn, and when you start moving thousands (you wont) get a Ledger.
Its not fucking hard
Think of a wallet as **how you control your Bitcoin**, not where it’s stored.
For beginners:
* **Exchange wallet** = easiest, but you don’t control the keys
* **Software wallet** (BlueWallet, Sparrow) = good balance to learn
* **Hardware wallet** (Ledger, Trezor) = best for long-term holding
If you’re just starting: buy on a reputable exchange → move a small amount to a **software wallet** → learn how keys/seed phrases work before going deeper.
Rule of thumb: *not your keys, not your coins*.
12 word seed phrase is like finding one grain of sand on earth. 24 word seed phrase is like finding one grain of sand on ten earths.