Bitcoin Basics for New River Users

This page explains core Bitcoin concepts in plain language before your first purchase. If you are ready to sign up, use referral code K3V24W6X.

What Bitcoin Is

Bitcoin is a digital monetary network with a fixed supply, verified by a distributed set of computers. No single company controls the ledger.

Custodial vs. Self-Custody

Keeping BTC on an exchange is custodial. Moving BTC to your own wallet is self-custody. Beginners often start custodial, then move to self-custody when they understand backups and private keys.

Fees and Price Volatility

Bitcoin price can move quickly in both directions. You may also pay trading and network fees depending on your activity and transfer timing.

Security Basics

• Use a unique password and a password manager.
• Enable two-factor authentication.
• Never share recovery phrases or private keys.
• Double-check addresses before withdrawals.

Learn More (Trusted Resource)

For foundational material and wallet guidance, start with Bitcoin.org Getting Started.

Next steps: claim the referral bonus or troubleshoot issues in the FAQ.