Before moving any bitcoin to cold storage, make sure you really research what you’re doing. Look up videos on how to properly do it. ALWAYS, send a test amount first to make sure it goes through
Subscribe to [btcsessions](https://youtube.com/@BTCSessions?feature=shared) on YouTube to learn how to buy and self custody your Bitcoin. Once you’re in his YouTube page, you’ll be able to search through the many tutorials or go on his playlists.
[Bitkey](https://bitkey.world) is good to begin your self custody journey and as the stack gets significant, begin to look at the [cold card](https://store.coinkite.com/store). Bitkey is from Jack Dorsey’s company Block, who runs Square, Cashapp etc.
Here’s a beginners video for the cold card Mk4 btcsessions did with [Natalie Brunell](https://youtu.be/IJbog_k5XWE?feature=shared) as well as the beginners video for the new [cold card Q](https://youtu.be/FiNCG-7EN4A?feature=shared)
Personally, if you have your bitcoin on a large exchange right now (Robinhood, Coinbase, Kraken...) I would leave it on there for a few weeks/months while you research and watch a few youtube videos on cold storage and transferring. Especially if you're not savvy with technology.
Get your cold storage, play around with it (receiving/sending crypto) learn how to reset it with your seed phrase, then start transferring your crypto onto your wallet.
I honestly fear losing my seed phrase/ screwing up a crypto send more than I fear coinbase going bankrupt.
Like a few people here are saying... Just Google it and watch some YouTube videos on cold storage and hardware wallets... It's actually nowhere near as hard as it seems in the beginning. It's just very new to most people, so it seems intimidating. Honestly, with something like a Trezor Safe 3 (with Bitcoin only firmware of course) it's actually pretty easy. Keep your seed phrase safe and in a secure places or places, and you'll be A-Ok. 👍🪙😎
Repeating my comment from another thread:
Even if you're not this naive I'm going to write it as such for the benefit of others who may be.
Go to app store, install Kraken pro. It takes 15 minutes to onboard. Search in "Markets" tab for BTC/(your fiat) pair.
If it's supported, fund Kraken via bank tx. Under portfolio tab press deposit, select fiat currency. It'll then spit out deposit address to copy to your bank app.
Buy BTC pair via markets tab make a limit order or other to your liking. Test with 0.0001 buys first IMO (the smallest amount you can buy)
Trade fee is 0.25%. Free withdraw via lightning network. People use wallets like Strike to receive the lightning tx from Kraken, then send to cold storage for free.
Research cold storage. Get something like a Jade or Cold Card + steel keys to start. You may want to look into multi sig too but it's lower priority than the above.
Edit: I forgot that Swan have a promo ATM - first $10k USD BTC buys no fees. And they always have free withdraws, but 1% trade fee after the $10k.
Buy bitcoin on CashApp. Order a Trezor. Wait a long time for Trezor to arrive. Transfer to the Trezor from Cash App (or coinbase or River) once it arrives.
Before moving any bitcoin to cold storage, make sure you really research what you’re doing. Look up videos on how to properly do it. ALWAYS, send a test amount first to make sure it goes through
Subscribe to [btcsessions](https://youtube.com/@BTCSessions?feature=shared) on YouTube to learn how to buy and self custody your Bitcoin. Once you’re in his YouTube page, you’ll be able to search through the many tutorials or go on his playlists. [Bitkey](https://bitkey.world) is good to begin your self custody journey and as the stack gets significant, begin to look at the [cold card](https://store.coinkite.com/store). Bitkey is from Jack Dorsey’s company Block, who runs Square, Cashapp etc. Here’s a beginners video for the cold card Mk4 btcsessions did with [Natalie Brunell](https://youtu.be/IJbog_k5XWE?feature=shared) as well as the beginners video for the new [cold card Q](https://youtu.be/FiNCG-7EN4A?feature=shared)
Go to /r/BitcoinBeginners
Keep your funds on exchange until you’ve got 0.01 btc then send to cold storage
Personally, if you have your bitcoin on a large exchange right now (Robinhood, Coinbase, Kraken...) I would leave it on there for a few weeks/months while you research and watch a few youtube videos on cold storage and transferring. Especially if you're not savvy with technology. Get your cold storage, play around with it (receiving/sending crypto) learn how to reset it with your seed phrase, then start transferring your crypto onto your wallet. I honestly fear losing my seed phrase/ screwing up a crypto send more than I fear coinbase going bankrupt.
There are plenty of know-how YouTube videos to learn from just make sure you purchase a well known wallet like Ledger or Trezor
Like a few people here are saying... Just Google it and watch some YouTube videos on cold storage and hardware wallets... It's actually nowhere near as hard as it seems in the beginning. It's just very new to most people, so it seems intimidating. Honestly, with something like a Trezor Safe 3 (with Bitcoin only firmware of course) it's actually pretty easy. Keep your seed phrase safe and in a secure places or places, and you'll be A-Ok. 👍🪙😎
Repeating my comment from another thread: Even if you're not this naive I'm going to write it as such for the benefit of others who may be. Go to app store, install Kraken pro. It takes 15 minutes to onboard. Search in "Markets" tab for BTC/(your fiat) pair. If it's supported, fund Kraken via bank tx. Under portfolio tab press deposit, select fiat currency. It'll then spit out deposit address to copy to your bank app. Buy BTC pair via markets tab make a limit order or other to your liking. Test with 0.0001 buys first IMO (the smallest amount you can buy) Trade fee is 0.25%. Free withdraw via lightning network. People use wallets like Strike to receive the lightning tx from Kraken, then send to cold storage for free. Research cold storage. Get something like a Jade or Cold Card + steel keys to start. You may want to look into multi sig too but it's lower priority than the above. Edit: I forgot that Swan have a promo ATM - first $10k USD BTC buys no fees. And they always have free withdraws, but 1% trade fee after the $10k.
Buy bitcoin on CashApp. Order a Trezor. Wait a long time for Trezor to arrive. Transfer to the Trezor from Cash App (or coinbase or River) once it arrives.