How To Buy BTC With Bitcoin Well
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- เผยแพร่เมื่อ 7 ส.ค. 2024
- Bitcoin Well is one of the simplest and quickest ways to buy BTC and get it directly into your own wallet. This quick video walks you through the process.
Sign up for Bitcoin Well:
Head to BitcoinWell.com and use code BTCSESSIONS or simply use the link below.
bitcoinwell.com/app/signup?re...
RELEVANT LINKS
Sparrow Wallet Tutorial
• SPARROW WALLET: Manage...
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As always a great video Ben!
I like that well doesn’t hold your bitcoin for days before it allows you to send it to cold storage. I like that wealthsimple makes it extremely easy to smash buy bitcoin but then you have to wait five business days to send it to cold storage. Although, with small amounts this isn’t such a problem because it’s valuable to send larger UTXOs anyway.
New camera? Looks slick my friend. I don’t watch your vids consistently but you got me into understanding the fundamentals of bitcoin so I wanna say thank you :)
No prob man, thanks for the kind words.
First comment ❤ love you Ben!
Everything stops when the daily session drops 🎉
The video is nice and easy Ben, but one thing I don't know, and I would have to search is regarding KYC with Bitcoin Well if you are in Canada.
If you DCA with this won't you get some smaller UTXOs?
Is the Interac e-Transfer funding option available to USA users? Or is it only a funding option for Canadian users? And can users in the USA use Cashapp for funding an account? Or are USA customers only limited to "Online Bank Transfer" and "Wire Transfer" funding options? Lastly , can USA customers use a Prepaid Credit Card option for funding an account?
Im in the US, can a pay check be direct deposited straight from employer every two weeks? Thank you for all your content.
I don’t think buying straight to cold storage makes sense for smaller amounts. You’d end up with a bunch of UTXOs to consolidate later in a potentially high fee environment.
I still prefer to withdraw less frequently from a reputable, Bitcoin-only exchange once my UTXO would be a million sats or so… but to each their own.
This is what I was thinking and curious why UTXOs for lower amount transactions wasn’t mentioned?
What exchange do you use to do that with? It is a a very forward thinking approach.
curious about UTXOs small amounts on a wallet - do you recommend once ur sparrow wallet has a bunch of small deposits - to consolidate by sending in a batch somewhere else?
Can we self-set buy-limits ?
Great video, thank you! Just signed up as CA user, and my account was verified, but I noticed that my daily limits are only $1000 per day? I noticed you had 1M limit daily. Is this something you earn as part of the reward/points system?
I am a beginner at bitcoin and wondering what information do I give my bank in the U.S. to get them to send to my wallet using bitcoin Well. Maybe a tutorial on this would help. I currently have a Muun wallet but have yet to actually buy any bitcoin. Also, do you think that people who are a little dyslexic should not get involved with bitcoin because of the chance of a mistake and losing their money?
Wow, this is almost better than Swan!
Thank you for your time and effort producing this content! I am looking for opportunities to work within the Bitcoin community. Any advice will be appreciated!
Any recommendations for a UK friendly alternative? i want to SWIFT USA to a BTC supplier from a UK bank acc.
So do you need to KYC for any specific feature? or this can all be done non kyc?
Nice Presentation! Question: What are Bitcoin Well's Fees For Selling and for buying BTC? (Canadian)
I believe in their main page it says there's a flat fee of 1%. Of course that's assuming you use the free batched withdrawals, otherwise you'll also have an on chain fee based on your preference of speed.
What do you use to interact with your phone on your Mac screen?
It's a program called SCRCPY. Works like a charm!
Can I receive Interac from my friend to my bitcoin wells account directly
FYI, Signed up and KYC'd ... ran a test $ pull from my bank, 4 day wait for funds so they say, and noticed that the "Sell" for USA is "Coming Soon".
But why didnt you try how sending works too?
Hello, I am un México. Do you think using IT would work?
Try BISQ Network, I bought from MX people before through there
NO KYC!!!!
cannot non-KYC
I was just going to ask that, but I assumed that if he didn't mentioned it, it was going to require KYC. Either way, nice service for people who don't want to wait for bank settlements in order to withdrawal.
Yeah looks like it’s kyc
Yup, this is KYC - primary focus with Bitcoin Well is convenience and speed of getting your funds to self custody. Anyone leaning strict non-kyc will have to weigh what they use based on their preferences.
Do you prefer this process over Bull bitcoin
We're in for the great Canadian bitcoin onramp competition! Shakepay and beaver bitcoin are also in there.
So then from sparrow to my cold wallet? Or can I sent it straight to my cold card somehow?
You absolutely can! If your Coldcard was on Sparrow Wallet, you could just grab an address from that. It would be instantly in self custody/cold storage.
@@BTCSessions thank you!
@@BTCSessions is the passphrase (25th word if I understand correct) used on the blockchain? or is it ONLY to access the physical cold wallet? trying to figure out if it is possible to have multiple wallets (different phrases) so that if 1 seed phrase is compromised they don't get everything?
I took your advise ab the Mk4 and also thinking about the Q but they were on backorder.... but will I need multiple cold wallets for multiple seed phrases?
US and CND only!
So far. Perhaps more in the future?
Hello from France !
It is so unfair that we cannot use BITCOIN WELL as French people (They ask where we live and there are only 2 choices : USA or CANADA)
?
Isn't bitcoin well kyc though?
It is, so if you're strictly noKYC then you should take that into consideration. Bitcoin Well is mostly focused on speed into self custody.
@BTCSessions yeah im open to both because I can always coinjoin and whirlpool those coins and then put them in cold storage
Bitcoin at $93K whoa.. LFG lol
Canadian dollars
The Canadian Moose Shekel is in freefall, lol.