Using Bitcoin (Strike) Instead Of PayPal
𝐋𝐞𝐚𝐫𝐧 𝐓𝐨 𝐁𝐮𝐲 𝐀𝐧𝐨𝐧𝐲𝐦𝐨𝐮𝐬 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐚𝐧𝐝 𝐂𝐨𝐢𝐧𝐉𝐨𝐢𝐧:
https://www.trader.university/courses...
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In this video, I discuss how to use the Strike app as a replacement for services like PayPal or Venmo.
The Strike app uses the Bitcoin Lightning network to send USD or Bitcoin. It is a custodial hot wallet, so it is important to only store small amounts of money on it.
Larger amounts of Bitcoin should always be stored in cold storage, using a hardware wallet, and never using a hot wallet like Strike.
I discuss the trade-offs involved when it comes to security, privacy, and convenience.
Running your own node is the most self-sovereign way to use Bitcoin, while apps like Strike or Muun are good compromises for those who want to move away from PayPal, but are not yet ready to deal with the complexities of running their own node and connecting a wallet to it.
Not investment advice! Consult a financial advisor.
Why I deleted my PayPal account:
• Delete PayPal
Strike app:
https://strike.me/
Muun wallet:
https://muun.com/
Trezor hardware wallet:
https://trezor.io/
Coldcard hardware wallet:
https://coldcard.com/
New York BitLicense law is a nightmare:
https://www.coindesk.com/policy/2020/...
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guid...
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#paypal
#strike
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