Thread by @econoalchemist

Part 3 of a 5-part series: Installing, securing, & using
@bluewalletio on iPhone.

A thread for total Bitcoin beginners who want to use a mobile #Bitcoin wallet on iPhone.

2/30 This thread is the short version of a more detailed article that can be found on the @BitcoinMagazine website here: bitcoinmagazine.com/guides/bitcoin…

3/30 And also on my blog here: econoalchemist.com/post/bitcoin-w…

4/30 This step-by-step thread covers installing, securing, & using @bluewalletio on iPhone. Before getting started it is a good idea to have a pen & paper ready. Remember to start with small amounts of #bitcoin until these concepts make more sense.

5/30
Step 1: Install Blue Wallet
For iPhone users, download Blue Wallet from the Apple App Store from your mobile device. Check Blue Wallet's website for more details.
bluewallet.io

6/30 Blue Wallet installs just like any other app on your iPhone. Navigate to your Apple App store app & select download. If prompted, enter your Apple ID password. Once installed, launch the Blue Wallet application.

7/30
Step 2: Setup Wallet
Users can decide to use @bluewalletio with the standard settings or with Advanced Mode enabled. Advanced Mode allows users to utilize more features like adding entropy to their seeds with dice rolls, different address types, and more.

8/30 To enable Advanced Mode, select the 3-dot menu in the upper right-hand corner from the home screen, then select "General".

9/30 Then toggle the "Advanced Mode" slider & then select the back arrow to return to the wallet home screen.

From there, select "Add a wallet".

10/30 Name your wallet, choose the wallet type, i.g. #Bitcoin
If you enabled Advanced Mode you can choose the address type. "bc1" (Native SegWit) addresses tend to save on tx fees. To add your own randomness to the seed select to do so via dice rolls. Otherwise select "Create".

11/30
Step 3: Secure the Seed Phrase
*This is the most important step*
a) Write down your words in order on a piece of paper.
b) Secure this piece of paper as if as though it were gold or jewelry.

12/30 Do not screen-shot these words. Do not save these words in a computer or on your phone. Do not say these words out loud. Never share these words with anyone for any reason. Your bitcoin is only as secure as your 12-words.

13/30
c) Double check your work then confirm acknowledgement that you have secured your 12-words.
d) Select “OK, I wrote this down”.

*If you utilized Advanced Mode to provide your own entropy, then you should have 24-words to write down.

14/30 Once you get more serious about Bitcoin, consider securing your seed phrases in metal instead of on paper.
econoalchemist.com/post/backup

15/30
Step 4: Receive bitcoin
You're ready to receive #bitcoin. From the home screen, select the wallet icon for the newly created wallet. This will open the wallet where you can then select the "Receive" button at the bottom of the screen to display your first address QR code.

16/30 Before displaying your QR code, @bluewalletio will double check with you to be sure that you have written down your seed phrase. Then you will be asked if you would like to receive notifications of incoming payments

17/30 You can physically display this QR code to someone & they can scan it with their wallet to send you #bitcoin. Or you can copy/paste the address text & send your receiving address to someone that way. Be aware of the privacy implications when sharing your Bitcoin address.

18/30 Once a payment from your sender is broadcast to the network, you should see the pending receipt in your wallet within moments. The tx will remain in a "pending" state until it has a certain number of confirmations.

19/30
Step 5: Spend bitcoin
Once your received funds have been confirmed, a green deposit arrow will be displayed next to the tx. Spent funds will have a red arrow. As you make txs in your wallet they will appear in a list when you open your wallet.

20/30 Simply select the "Send" button at the bottom of the screen. You can either paste an address from your clipboard or select the "Scan" icon to initialize your iPhone's camera & scan a #bitcoin address QR code from someone that you are sending funds to.

21/30 Once scanned, the address text will be displayed in the address dialog box. It is important to check & double check that the address text matches the address you are trying to send funds to.

22/30 If you want to spend your wallet's full balance, select the 3-dot menu in the upper right-hand corner. Then "Use Full Balance". Confirm that you want to spend the entire balance of your wallet. @bluewalletio also has coin control, replace by fee, & more from this menu.

23/30 Finally, you will be asked to select a miners fee rate. This is based on the tx data size & is used as an incentive to include it in the blockchain faster. You can select from 3 speeds or a custom fee rate. Once ready, confirm the details one last time and then "Send now".

24/30 Your tx will be broadcast to the Bitcoin network. Remember, if you are not using your own node, you are trusting someone else's. Running your own node goes beyond the scope of this thread but for some good resources check:
bitcoiner.guide/node/

25/30 Once your transaction has been sent, it will be displayed in your transaction list in your wallet.

26/30 You can also watch a video of installing and setting up @bluewalletio on iPhone here:

27/30 @bluewalletio is a sleek & powerful wallet available on iPhone & Android. It's packed with advanced features like user-provided entropy via dice rolls & coin toss, coin control, variable miners fees, duress wallet, file encryption, PSBT handling, & lightning integration.

28/30 To learn more about @bluewalletio, jump in their Telegram group: t.me/bluewallet

29/30 You should now have a basic understanding of how to install @bluewalletio on your iPhone, how to secure your wallet 12 or 24-word seed phrase, & how to receive/send #bitcoin. Check out the full article on the @BitcoinMagazine website: bitcoinmagazine.com/guides/bitcoin…

30/30 Be sure to read Part 4, dropping tomorrow, for a step-by-step guide on installing @SparrowWallet on desktop.

Part 5 will cover ATMs & @bisq_network

econoalchemist.com/post/bitcoin-w…