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.
Why Many People Choose River
Many Bitcoin users view River as a strong provider because it focuses on Bitcoin, publishes more operational detail than many competitors, and keeps onboarding straightforward for first-time buyers.
- Transparency: River publishes reserve information on its reserves page.
- Clear program terms: Current referral details are listed on River's referrals page.
- Bitcoin-first platform: Product and account details are available on River's official website.
Learn More (Trusted Resources)
For foundational material and wallet guidance, start with Bitcoin.org Getting Started.
This video also mentions River as one of the best places to purchase Bitcoin:
Prefer opening in YouTube? Watch the full video.
Next steps: claim the referral bonus or troubleshoot issues in the FAQ.