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Bitcoin Answers Lightning Network

Question: Are there any exchanges, supporting Bitcoin Lightning Network?

Bitcoin Lighting Network is an awesome way to send and receive Sats, incredibly fast and almost free. The number of exchanges, supporting LN is growing almost every day, here’s a few of I’ve used personally of heard good things about: Bitfinex [NO KYC] HodlHodl [NO KYC] River Financial [NO KYC] BTCDuke Buda Bitstamp bitFlyer Lightning Pro [Asia] Strike TheRockTrading […]

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Bitcoin Answers

If my old Hardware Wallet isn’t connected to the Internet how will it update the new (replacement) wallet with funds?

This question has a simple answer. Your coins are on the blockchain, not in the wallet. The wallet manages keys. No matter the make, if you have the keys (seed words) to your Hardware Wallet, you are holding coins on the blockchain. The seed words are just another form of numbers. As the simplest example, […]

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Bitcoin Answers

Question: Should I store all my Bitcoin in an exchange?

I’m being asked this question a lot. And many newbies are shocked by the reply too. Bitcoin is peer-to-peer currency. Storing your Bitcoin on exchanges like Binance, Coinbase, PayPal, etc, makes your money, as well as the whole Bitcoin ecosystem insecure indirectly by centralizing Bitcoin. One day there will be just a few enormous companies, […]