The Five Essential

Bitcoin Basics

Our Bitcoin training covers everything you need to know to hit the ground running. By the time you're done, you'll have the knowledge and confidence to join the Bitcoin community.

1. Buy & Earn Bitcoin

There are 3 ways to buy Bitcoin. You can buy it on an exchange, you can buy it from someone you know that has some to sell, or you can accept Bitcoin from someone as a payment for goods or services instead of dollars.

What if you don’t know anyone who has Bitcoin to sell you or pay you with? No problem.  Our Training session walks you through signing up on an exchange and making your first Bitcoin purchase on the exchange. Plus, we show you how to add extra security to your exchange account to protect against hackers.

Now that you know where to get Bitcoin, how do you take possession of the Bitcoin?

2. Control Your Bitcoin

The only way to control you Bitcoin is to control your private keys to your Bitcoin. Private keys are passwords that allow you to spend your Bitcoin.

Trezor Bitcoin wallets make it safe and easy to protect your private keys and keep them hidden from would be hackers or thieves. We help you setup your Trezor wallet and secure it with your pins/passwords. Then we show you how to deposit/withdraw Bitcoin to and from your Trezor wallet.

You will now have your Trezor wallet setup to use Bitcoin, but it is important to know how to protect your Bitcoin.

3. Protect Your Bitcoin

Protecting your Trezor Wallet, pins, passwords, and/or private keys are very important. If a hacker or thief gets a hold of one or more of these, it is possible to steal your Bitcoin.

We teach you what these things are and why they are important. We also give you tips on safe ways to store these items as well as some of the worst ways to store these so you do not put your Bitcoin at risk.

Now that you have control of your Bitcoin and know how to protect it, you can sell it or spend it when ready.

4. Sell & Spend Bitcoin

We teach you how to sell Bitcoin for dollars on an exchange as well as how to send Bitcoin from your Trezor wallet to someone who wants to buy Bitcoin from you or someone you are paying for goods and services.

There are also some important security features on your Trezor wallet that help you double check and make sure you are sending your Bitcoin exactly where you want it to go. Because, once you send Bitcoin somewhere, you cannot reverse the transaction. You only have one chance to do it correctly.

Once you sell or spend your Bitcoin, these transactions must be reported when you file your taxes at the end of the year.

5. Taxation of Bitcoin

The IRS is really cracking down on Bitcoin and imposing criminal penalties for failing to disclose Bitcoin transactions. But, this does not have to be a problem. As long as you report all your transactions and you are honest with your gains and losses, you should not have anything to worry about.

It can be very confusing to know what transactions you need to report, so we go over several of the actions or things you may do with your Bitcoin that create tax reporting requirements and the information you need to keep track of to correctly file your taxes at the end of the year.

Ready to Get a Firm Grip?

We know Bitcoin can be confusing but it doesn't have to be. We're ready to give you the hands-on guidance and experience you need to get comfortable with Bitcoin. Are you ready?

Have questions? Reach out, we’re happy to answer them!

Our Address

1649 Colorado Blvd, Los Angeles, CA 90041