Signing-up to Coinfloor may be your first experience into the world of Bitcoin. We congratulate you for making it this far – Coinfloor is a great place to buy and store Bitcoin easily and safely. For most of you, knowing this is simply enough. However, for the more curious looking to explore what Bitcoin can offer, we’ve compiled a handy recommendations list of information websites and Bitcoin services for you to browse through at your own leisure. Our recommendations are based on the values that we hold true to ourselves: Trust. Reliability. Security.

(Please note: Our recommendations are for informational purposes only and are not endorsements)

 
Introduction to Bitcoin

  • The foundation of Bitcoin: Bitcoin was invented in 2008 by a pseudonymous figure called Satoshi Nakamoto. It was launched to the world in 2009 as a peer-to-peer electronic cash system in response to the 2009 financial crisis. Arguably, the most important literature created around Bitcoin was the whitepaper written by Satoshi – you can read this here.
  • An introduction to Money and Bitcoin: If you are looking for a simple and fun way to learn about money and why Bitcoin is valuable, consider reading The Little Bitcoin Book or The Tale of Bitville. For those seeking a more intermediate introduction, we recommend The Bitcoin Standard, written by Saifedean Ammous. This book will take you on an exciting journey through the history of money and why Bitcoin could offer a solution to the problems that exist with it today.
  • Bitcoin for children: Sats Ledger is a fantastic way to help children learn about savings and understand how Bitcoin works in the process. Using two ledgers and some very cool stickers, your children can experience all principles that make Bitcoin great, in real life.
  • How to store and secure your bitcoin: Bitcoin is stored digitally in a Bitcoin Wallet. There are a few different types of wallet which each have their benefits and drawbacks.

 
Recommended Wallets

A wallet is used to hold, receive and make Bitcoin payments. These can be on mobile devices, your desktop or dedicated devices (called a hardware wallet). Wallets can be held by other parties (custodial) or under your sole control (non-custodial). You can learn more about Bitcoin wallets here.

The Bitcoin held in your Coinfloor account is an example of a custodial wallet. You do not control the private keys of the account. When using a non-custodial wallet, you have sole control over the wallet and therefore have sole responsibility for the security and safety of your wallet. You must ensure you have properly secured and backed up your wallet.

The following wallets are all non-custodial. Therefore it is very important that you backup the device correctly when setting them up. This process usually looks like writing down 12 – 24 english words. It is highly recommended to write this on a piece of paper, instead of storing them digitally.

 
Recommended Educational Websites

After reading our recommended reading for beginners, you may have fully fallen down the Bitcoin rabbithole. Do not worry, there is so much more great introductory content for you to explore.

 
Recommended Podcasts

If you prefer to listen, rather than read, have no fear! There are a number of excellent podcasts out there, all with a varied and interesting roster of guests, and many with a particular emphasis on the UK “Britcoiner” community.