How To Accumulate Small Amounts of Bitcoin
Channel: Anita Posch - Bitcoin for Fairness
Date: 2024-02-06

I explain how accumulating small amounts of bitcoin is best done using a Lightning wallet, swapping them to the Bitcoin blockchain for long-term storage once reaching a bigger amount. I have readjusted my advice from small on-chain purchases to favoring Lightning or Liquid due to recent developments.

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►► How to Save Small Amounts of Bitcoin Despite High Fees https://youtu.be/5ygfc14kSiw
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TRANSCRIPT
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If your goal is to accumulate small amounts, then it's better to start with a Lightning wallet and use an exchange that offers Lightning to buy bitcoin there or ask people at your local Bitcoin meetup to exchange euros to Lightning bitcoin for you. So then you can accumulate in Lightning and when you've reached let's say that 1 million satoshis, then you can swap it onto the Bitcoin blockchain for long term storage. I have to admit in recent years I often said you can start small with 25 dollars or euros also on-chain. And with the recent developments I'm readjusting my recommendation sooner than I thought. You can still buy smaller amounts, accumulate them, but I would do that on Lightning or Liquid.

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No financial advice. Do your own research.
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#Bitcoin # Lightning #liquidnetwork