Coin Decrypt - Becoming your own bank - Ep.1 (Running a full node, backing up your wallet and preparing to host your own lightning node)
Table of contents:
Downloading/Installing Wallet: 4:42
Encrypting Wallet/Generating Pass Key: 10:24
Buying BTC: 13:01
Withdrawing BTC off exchange to your wallet(Taking ownership of your coins): 14:35
Backing up / Restoring your wallet: 19:45
In this episode of Coin Decrypt we show you how to become your own bank by buying your first bitcoin, withdrawing your funds from the exchange, running a full bitcoin node, securing your funds properly, encrypting your wallet and backing up your wallet.
By following the instructions in this video, you will be ready to set up your own lightning network node to start earning a passive BTC income without mining which we will discuss in our next video!
Running a full Bitcoin node is an important part of becoming a part of the BTC network. For every full node that comes online, the Bitcoin network becomes that much stronger.
By running a full node you can be proud of yourself that you are contributing to the decentralization and the future of money without having to shell out thousands of dollars on mining hardware and hundreds of dollars a month in electricity.
Bitcoin is unstoppable, even shutting down the internet can't stop us (because of those that are now using satellite dishes to broadcast the blockchain to those that have had censorship attacks against their BTC freedoms).
We owe the claim to immutable power to the little people like yourself that are running full nodes all over the world.
Download Bitcoin Core:
https://bitcoin.org/en/wallets/desktop/windows/bitcoincore/
Buy Bitcoin (Get $10 free with $100 purchase):
https://www.coinbase.com/join/59fd6beea6ecfb00fffd9c90
For those of you who want to be extra safe with lots of money to protect(This method sacrifices convenience:
https://glacierprotocol.org/
Website: New Podcast coming soon
http://dailycryptonews.org
Blog:
http://steemit.com/@kryp70kn1gh7
Live Broadcasts:
http://bit.tube/coindecrypt
Twitter:
http://twitter.com/coindecrypt
Download the Brave privacy browser:
http://brave.com/coi969
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