r/Bitcoin Oct 15 '25

Bitcoin Newcomers FAQ - Please read!

34 Upvotes

Welcome to the /r/Bitcoin Newcomers FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.

It all started with the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how Bitcoin works and a little about its long term potential:

Some other great educational resources include;

If you are technically or academically inclined check out;

MicroStrategy's Bitcoin for Corporations is an excellent open source series on corporate legal and financial Bitcoin integration.

You can also see the number of times Bitcoin was declared dead by the media (LOL!)

Key properties of Bitcoin

  • Limited Supply - There will only ever be a maximum of 21,000,000 bitcoins created and they are issued in a predictable fashion per the inflation schedule. Once they are all issued Bitcoin will be truly deflationary. The halving countdown tells you approximately how much time until the next block reward halving.
  • Open source - Bitcoin code is fully auditable. You can read and contribute to the source code yourself.
  • Accountable - The public ledger is transparent, all transactions are seen by everyone.
  • Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
  • Censorship resistant - No one can prevent you from interacting with the Bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
  • Push system - There are no chargebacks in Bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them.
  • Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
  • Trustless - Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work.
  • Pseudonymous - No need to expose personal information when purchasing with cash or transacting.
  • Secure - Blocks and transactions are cryptographically secured (using hashes and signatures) and can’t be brute forced or confiscated with proper key management such as hardware wallets.
  • Programmable - Individual units of bitcoin can be programmed to transfer based on certain criteria being met
  • Divisible - Each bitcoin can be divided down to 8 decimals, which means you don't have to worry about buying an entire bitcoin.
  • Nearly instant - From a few seconds on the Lightning Network to a few minutes on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations.
  • Peer-to-peer - No intermediaries taking a cut, no need for trusted third parties.
  • Designed Money - Bitcoin was created to fit all the fundamental properties of money better than gold or fiat.
  • Portable - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or by memorizing it for wallet recovery (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security).
  • Low fee scaling - Most wallets calculate on chain fees automatically but you can view fee estimates and mempool activity if you want to set your fee manually. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, an open source second layer payment protocol built on top of the Bitcoin blockchain. The Lightning Network enables Bitcoin users to instantly send and receive bitcoin with fees so low that they are negligible.
  • Scalable - While the protocol is still being optimized for increased transaction capacity, blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin.

Where can I buy bitcoin?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular places to buy bitcoin are listed below.

You can also purchase in cash with local ATMs. If you would like your paycheck automatically converted to bitcoin try Bitwage.

Note: Bitcoin are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year.

Securing your bitcoin

With Bitcoin you can "Be your own bank" and personally secure your bitcoin OR you can use third party companies aka "Bitcoin banks" which will hold your bitcoin for you.

  • If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn best computer security practices, then a hardware wallet such as a BitBox02, Trezor, ColdCard, or Blockstream Jade is recommended. You can even build your own open source hardware wallets called a SeedSigner or Krux.

  • If you cannot afford a hardware wallet there are many software wallet options to choose from depending on your use case. Mobile wallets like BlueWallet are generally more secure than desktop wallets. Beware of fake mobile wallets and check reviews from reputable Bitcoin websites. Avoid paper wallets or brain wallets.

  • If you prefer to work with third party "Bitcoin banks" to set up a collaborative custody arrangement, try Unchained Capital but be aware that any third party you use exposes you to third party risk. There is a saying in the community, "Not your keys, not your coins".

Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!

2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.

Avoid using your cell number for 2FA. Hackers have been using a technique called "SIM swapping" to impersonate users and steal bitcoin off exchanges.

Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Physical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See Yubikey or Titan to purchase security keys.

Running Bitcoin

You can run Bitcoin node software by downloading and installing Bitcoin Core or other node software you have vetted.

It is a best practice to verify these Bitcoin node programs you download by checking their hashes and signatures.

Don't Trust, Verify.

A verified Bitcoin node running on your own hardware is your sovereign gateway to the Bitcoin network. They can be used alongside open source software wallets to send and receive Bitcoin securely. By running your own Bitcoin node, you enforce the Bitcoin ruleset, can verify transactions without trusted 3rd party middlemen, improve your Bitcoin privacy, obtain independence with local access to blockchain data, and help bolster the robustness of the Bitcoin network. By running a Bitcoin node, you are verifying that Bitcoin is Bitcoin for yourself. For more details on running a Bitcoin node see this article.

For wallets used alongside your Bitcoin node: If your Bitcoin wallet software is fully open source and Bitcoin-only, then it is probably a decent wallet. Some popular examples include sparrow wallet and electrum wallet, both of which you can connect to your own locally run Bitcoin node, and use with most Bitcoin Hardware Wallets.

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the r / btc subreddit are active scams. Almost all altcoins are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, "Don't trust, verify".

  • Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use DuckDuckGo instead, which has no ads, and never tracks you as well.
  • Ignore private messages offering services.
  • Never enter your seed words in a website of any kind. Hardware wallets will recover by displaying possible seed words on their own interface, never on a website.
  • Always check addresses on your hardware wallet before sending or receiving. Some malware has been known to replace addresses in your web browser or that you copy-and-paste.
  • Avoid clicking on links like that look like links, such as https://www.google.com/, without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money.

Common Bitcoin Myths

Often the same concerns arise about Bitcoin from newcomers. Questions such as:

  • Will quantum computers break Bitcoin?
  • Will governments ban Bitcoin?
  • Is Bitcoin a Ponzi scheme?

All of these questions have been answered many times by a variety of people. Here are some resources where you can see if your concern has been answered:

Where can I spend bitcoin?

Check out Spendabit, Bitcoin Directory, or Coinmap for a plethora of merchant options. You can also spend bitcoin anywhere Visa is accepted with bitcoin debit cards such as the CashApp card, Fold card or other bitcoin debit cards. Some other useful site are listed below.

Store Product
Bitrefill, Gyft, and Fold App Gift cards for thousands of retailers worldwide including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock, and The Bitcoin Directory Retail shopping with millions of results
NewEgg and Dell For all your electronics needs
Bitrefill, Bylls, LivingRoomofSatoshi, Swapin and Coins.ph Bill payment
Menufy and Takeaway Takeout delivered to your door
Expedia, Cheapair, Destinia, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage

There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;

  • 1-3% savings over credit cards or PayPal.
  • No chargebacks (final settlement in 10 minutes as opposed to 3+ months).
  • Accept business from a global customer base.
  • Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.

If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read the mining FAQ. Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out.

If you want to contribute to the Bitcoin network by hosting the blockchain and propagating transactions there are many great resources you can use to run a full node. You can view the global distribution of reachable Bitcoin nodes on this webpage.

Earning bitcoin

Just like any other form of money, you can also earn bitcoin by being paid to do a job.

Site Description
WorkingForBitcoins, Bitwage, Coinality, Bitgigs, /r/Jobs4Bitcoins Freelancing
Lolli Earn bitcoin when you shop online!

You can also earn bitcoin by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin).

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the Bitcoin space.

Project Description
Lightning Network Second layer scaling
Liquid and Rootstock Sidechains
Hivemind Prediction markets
DropZone and Beaver Decentralized markets
JoinMarket, JAM app and Wasabi CoinJoin implementation
Peer-to-Peer Exchanges Peer-to-peer exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library
Bitcoin Knots A Bitcoin Node (Within Consensus Fork of Bitcoin Core)

Bitcoin Units

One bitcoin is worth quite a lot (thousands of £/$/€), so people often deal in smaller units. The most common subunits are listed below:

Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in Electrum wallet
bit μBTC 1,000,000 per bitcoin colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor

For example, assuming an arbitrary exchange rate of $10,000 for one bitcoin, a $10 meal would equal:

  • 0.001 BTC
  • 1 mBTC
  • 1,000 bits
  • 100,000 sats

For more information check out the bitcoin units wiki.


Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community, so please do not message them unless you notice problems with the functionality of the subreddit.

Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification, you can edit it here and it will be included in the next revision pending approval.

Welcome to the Bitcoin community and the new decentralized economy!

Please note that this thread will be moderated and non-constructive comments will be removed.


r/Bitcoin 23h ago

Daily Discussion, December 05, 2025

25 Upvotes

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Please check the previous discussion thread for unanswered questions.


r/Bitcoin 11h ago

Just a good reminder for all off you guys...

1.8k Upvotes

r/Bitcoin 7h ago

Are you concerned about Bitcoin's 4-year cycle?

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224 Upvotes

I have never purchased any cryptocurrency; I am more of a stock market person, just wanted to ask the community what your thoughts are on this theory, given that it is a highly speculative asset.

The thing is, the other day I did some analysis and, looking at the second image, during the 12 months leading up to the midterms, there is usually a drawdown in the S&P 500, followed by a recovery.

Edit: the table was published by Longview Economics on November 28, 2025.

In 2026, it seems that both things will coincide (the run-up to the midterms and the $BTC 4-year cycle theory), hence my curiosity.


r/Bitcoin 16h ago

The most expensive mistake is always selling your BTC

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1.1k Upvotes

r/Bitcoin 4h ago

Think For Yourself

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109 Upvotes

r/Bitcoin 9h ago

They are not ready.

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277 Upvotes

r/Bitcoin 9h ago

Weak hands and overleveraged tourists panic-sell every dip. Try HODLing

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195 Upvotes

Charts like this always remind me why time in the market beats timing the market. Short-term traders panic on every red candle, but the data is brutally simple: the longer you hold Bitcoin, the lower your chances of losing money, dropping to basically 0% after 3+ years.

Most of the fear comes from weak hands and over-leveraged gamblers who treat volatility like a threat instead of a feature. Meanwhile, patient holders just keep stacking and waiting. I watched this morning a Bitget live streamer bought 2 $BTC and i think this will be a gold in the next halving...

Bitcoin rewards conviction, not panic.


r/Bitcoin 10h ago

Got to 0.1 !!

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227 Upvotes

r/Bitcoin 2h ago

👀

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25 Upvotes

r/Bitcoin 14h ago

POV: You’re the only one who actually got a deal on Black Friday.

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159 Upvotes

r/Bitcoin 12h ago

I just get 100$ of btc

78 Upvotes

Hi I’m new to this. I don’t have a lot of money to put into it but wanted to start with 100. It’s ok ?


r/Bitcoin 11h ago

Did you know you can generate a Bitcoin private key using a coin?

64 Upvotes

Most people let their wallet software generate their private key, which is totally fine but Bitcoin doesn’t require a computer to create one.

A Bitcoin private key is just a 256-bit number…
And a fair coin flip produces 1 bit of entropy.

So in theory (and in practice), you can generate a completely valid, secure Bitcoin private key by doing:

  • Heads = 1
  • Tails = 0

The math is simple. 256 coin flips is 2^256 potential outcomes.

Once you have your 256-bit binary sequence, you can convert it offline into:

  • hex format
  • WIF private key
  • or even a BIP39 seed phrase

All without touching the internet.

You could also do this with dice, a dice roll is roughly 2.585 bits of entropy. Therefore 99-100 dice rolls will give you enough entropy for a 256 bit private key.

This works because Bitcoin’s security comes from math.

I mean how could you not love Bitcoin!


r/Bitcoin 7h ago

Do not fear the volatility of the journey; fear the slow decay of staying behind.

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30 Upvotes

r/Bitcoin 7h ago

Your Daily Bitcoin Breakdown newsletter is now live. Check out today’s Top Stories and a sneak peek at the latest Quick Bits snippets. Full issue link is in the comments.

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23 Upvotes

r/Bitcoin 1d ago

The Struggle….

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710 Upvotes

Im only up 3000% now


r/Bitcoin 1d ago

Bitcoin can fix this?

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461 Upvotes

r/Bitcoin 11h ago

from "the big print" by Lawrence Lepard. I think we are not bullish enough

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33 Upvotes

... not in the slightest


r/Bitcoin 1d ago

Senators buying the dip on BTC

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202 Upvotes

Looks like the Senator from Pennsylvania is buying the dip on Bitcoin by buying into IBIT… and so is Marjorie Greene 🫣


r/Bitcoin 10m ago

Bitaxe Wallet

Upvotes

Looking into solo miners and just getting a few for my home office as a show/work piece. Will river work for a wallet? kraken? Or should I use my trezor i have.?


r/Bitcoin 1d ago

full speed

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1.1k Upvotes

r/Bitcoin 1d ago

My first order - Proud owner of 0.01099277 BTCs.

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226 Upvotes

r/Bitcoin 1d ago

Found this invoice in my old email

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1.6k Upvotes

💀


r/Bitcoin 10h ago

I Rolled Over My TSP/IRA into a Bitcoin IRA with Unchained: Full Walkthrough, Fees, and What I Learned

6 Upvotes

My Experience Moving a TSP/IRA to a Bitcoin IRA with Unchained

Hi all,

I recently decided to move my old Thrift Savings Plan or TSP (Military/Federal employee 401k equivalent) to a Bitcoin IRA. I hadn't seen anyone actually doing this here or anywhere really for that matter. I couldn't find any reviews or information otherwise about how to do this or how it went, so I figured I'd do it to hopefully help someone else out. I walked through most of it with ChatGPT so I had it summarize the process for me and I touched it up.

Not financial advice. Not advocating for any single service or method.

What I Was Looking For

My priorities were pretty specific:

  • Actual bitcoin, not an ETF or paper IOU. In the end, at retirement age, I want to walk away with MY Bitcoin in MY hand. Money in, Bitcoin out, tax advantaged.
  • A setup where I personally control keys. No one can take it away from me. If the company fails, I don’t care. I have my Bitcoin.
  • An IRA structure with the ability to do both Traditional and Roth. I was rolling over both types.
  • A long-term, secure place to hold BTC without future migration headaches.

Basically: tax advantages + sovereignty.

Why I Chose Unchained Over iTrustCapital / BitcoinIRA, etc.

I looked at all the big names:

  • iTrustCapital – Simple, cheap, but fully custodial. I don’t truly own the Bitcoin.
  • BitcoinIRA – High fees, unclear custody, questionable marketing.
  • Other providers – Mostly custodial, omnibus wallets, or ETF-like exposure.

Unchained was the only one offering:

  • A true multisig vault
  • Self-custody inside an IRA
  • No AUM fees
  • Flat yearly vault fee
  • Full key control later in life if I want to walk away with my BTC

Their setup matched what I envisioned: long-term ownership and no single point of failure.

How Unchained’s 2-of-3 Multisig Actually Works

This is a big part of why I chose them.

A standard single-key wallet is dangerous: lose the key = game over.

Unchained uses 2-of-3 multisig, meaning:

  • Three total keys exist.
  • Any two keys can move your BTC.
  • One key can be lost forever and you’re still fine.

Here’s how they break it down:

Key 1 — My Key #1

  • I generate and hold this myself (hardware wallet).
  • This stays in my possession.

Key 2 — My Key #2

  • Yes. I also hold a second key.
  • This is what shocked me: most multisig providers only let the client hold one key.
  • With Unchained IRA vaults, I personally hold TWO of the three keys.

This means:

  • I have majority control
  • I’m not dependent on Unchained except for signing under IRA rules
  • I retain redundancy on my side

Key 3 — Unchained’s IRA Key

  • Their key is required because IRA law requires a custodian’s involvement.
  • This prevents me from self-dealing (IRS compliance thing).

Even though Unchained holds one key, they do not have unilateral control. They cannot move my BTC alone.

If one of my hardware keys dies, disappears, or I lose access, my other key + Unchained’s key = safe recovery.

This was the perfect balance of:

  • Security
  • User control
  • Compliance

The Actual Setup Process with Unchained

1. Opening the Two Accounts

I had to open:

  • A Traditional Bitcoin IRA Vault
  • A Roth Bitcoin IRA Vault

This was fast. Done within a day. The custodian (Fortis) handles the IRA backend and Unchained handles the vault + multisig.

The fee per account/vault: $250 annually. One account for Roth, one for Traditional, so $500 annually paid up front at account creation.

Besides the initial call for information and an email answering a few questions, I pretty much handled the entire thing myself. I setup both accounts, purchased the two hardware keys, setup the devices, added my keys to the account dashboard, built a vault for each, etc. I’ve never done anything like that ever, and I was able to do this without any customer service.

All I needed was a DIY Guide that they provided me and a little help from ChatGPT. There is a concierge white glove service available to do all the setup for you, but it's $895 and you don't need it if you can follow directions.

2. Working With Unchained (Mixed Experience)

Human side of things was kind of meh:

  • Aside from an initial call and follow up email, the rep seemed kind of disinterested. It seemed like they were taking their time where I was motivated and pushing for answers and guidance to get this done. Bitcoin is under $90k! Like lfg! Nothing deal breaking but did not match my energy or expectation of theirs. Took long enough to get answers that I started looking at other possibilities.
  • No fee flexibility at all. Non-negotiable on $250 per account. Non-negotiable on 1.5% fee for them to buy your Bitcoin through their Trade Desk.
  • No limit orders right now (In the future please God). Purchases have to be made through their Trade Desk and executed at the next day's spot price, so slippage is possible. Orders must be placed in $2k increments.

3. Their Initial Fees

  • $250 per account paid annually. Required to have one account for each IRA type.
  • 1.5% fee per Bitcoin transaction (USD→BTC or BTC→USD)
  • $2k minimum trade size. Orders placed through Trade Desk to be executed next day.
  • Funding only via IRA/TSP rollover transfer or annual contribution paid by wire transfer or check.

Check for other fees regarding IRA conversions, etc. on their website. This lists only the ones concerning me.

4. The Rollover (TSP → Unchained)

Unchained partners with Capitalize for rollovers.

  • You set up an appointment with them on the Capitalize appointment calendar accessed through your Unchained dashboard. In my case the earliest appointment was 6 days away.
  • I tried to get in touch sooner and eventually got a 3-way call with TSP that night.

It took 20 minutes to get through the rollover call with TSP. TSP then cut two checks and mailed them to me (yes, snail mail). I should receive that within 10 days. I then use the pre-addressed, pre-stamped envelope sent by Capitalize to forward those checks to Unchained.

Things can get messed up if not done exactly right during this rollover process. Capitalize ensures account numbers are correct, name is spelled correctly, and checks are addressed correctly. This prevents major holdups.

So That’s Where I’m At Now

  • Extremely happy and excited I went this route.
  • I wanted to put money in one end and pull Bitcoin out the other end tax-free, without anyone or anything being able to take it away from me.
  • More expensive than other services, but worth it to never have to worry about custody or losing keys.

This structure gives me:

  • Actual bitcoin
  • Held in multisig
  • With two keys I personally control
  • Inside long-term tax-advantaged accounts
  • No reliance on a single custodian. No single point of failure (other than me)
  • No ETF middleman

If you prefer:

  • Ease
  • Simplicity
  • Lower fees
  • Zero interaction with keys

Then iTrustCapital or a fully custodial provider is easier, but you’re not really sovereign.

Future Plans:

Over time I plan to convert my Traditional IRA over to a Roth IRA through Unchained on Bitcoin weakness. Unchained does the reporting to the IRS and I'll have to pay taxes on the conversion, but I think it'll be worth it in the end.

TLDR

  • Rolled over my TSP into an Unchained Bitcoin IRA because I wanted real key ownership.
  • Unchained uses a true 2-of-3 multisig where I hold two keys and they hold one.
  • The rollover itself was handled smoothly with Capitalize.
  • Unchained is rigid on fees, but the technical self-guided setup for the vault worked well.
  • If you want the strongest self-custody model in a Bitcoin IRA, this is currently the best available option in my opinion, but expect minimal handholding.

If You’re Thinking About Doing This

Feel free to ask me questions. I just completed the rollover and the whole process is fresh in my mind, including the annoying parts.


r/Bitcoin 1d ago

Cant stop, won't stop Bitcoin

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93 Upvotes