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
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.
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.