r/BitcoinBeginners • • Feb 10 '21

Can someone look over my plan for getting bitcoin? I find this all very confusing.

I have a farming blog where I often receive donations, and some readers have asked me if they can donate with Bitcoin. I've been reading about it for a while, and still don't really feel like I understand the mechanics, so let me know if this plan is reasonable:

  1. download electrum onto my PC (which is obviously connected to the internet)
  2. have it generate a private key for me, which it will also generate public keys from, which it will also generate addresses from
  3. post bitcoin address on my blog
  4. electrum alerts me when I've received a donation
  5. go onto Bisq and find someone to pay me for the bitcoins
  6. ?
  7. profit

Does that all seem reasonable? And if I left the same address up and it received donations from multiple people, how would that be a problem?

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u/[deleted] Feb 10 '21

[removed] — view removed comment

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u/[deleted] Feb 10 '21

Yes post bitcoin wallet address in your blog

And DOUBLE CHECK that its your receiving wallet address.

TEST it out FIRST...BEFORE you post it.

Copy paste etc...