"It might make sense just to get some in case it catches on." - Satoshi Nakamoto
There’re many ways to grow a stack of sats. Exchanging dirty fiat for the real stuff is probably the most straightforward way. Getting paid in bitcoin or selling a kidney are other possibilities.
How about spending dirty fiat and receiving a reward in sats?
That’s what Satsback offers; cashback on online purchases but with sats when you shop online at any of the connected stores. The satsback reward is a % of what you spend that you get back in bitcoin.
“A journey of a thousand miles begins with a single step.”
Everyone's bitcoin journey is unique, but most begin with the same first step of buying or receiving a tiny amount. Only by experiencing bitcoin can one begin to understand it. The problem is that it's hard to convince someone to buy something they don't yet understand. Receiving it as a reward or gift facilitates this onboarding problem. And, of course, it’s also an excellent way for existing hodlers to grow their stack.
How to get started with Satsback?
All you need to get started is a valid email address. No pesky KYC requirements here. Once you have signed up, go to the Stores section and find the online store where you would like to shop. Then, visit the store using the green 'Shop now' button and shop as you usually do. Complete your purchase, and the sats will automatically appear in your Satsback account. Or, to make sure you never miss an opportunity to get sats back, you may also download a browser extension that will alert you to activate Satsback rewards when visiting participating online stores. As long as you don't return or cancel your order, you will be able to withdraw the sats to your wallet. It's an easy and fast way to start getting some bitcoin.
After the sats are credited to your Satsback account, it’s time to withdraw to your wallet. A bitcoin wallet that supports the Lightning Network is needed because Satsback is hip, cool, and innovative. Payouts go exclusively over the Bitcoin Lightning Network. We recommend Bluewallet, but there are other alternatives out there.
Hardcore hodlers run their own node and manage their own Lightning channels (like a boss). However, just going through the basic lightning setup process in Bluewallet (or another Bitcoin Lightning wallet) should suffice for most people. This means you are thrusting a third-party (Bluewallet or any other custodian Lightning wallet), but this shouldn’t be an issue for small amounts. After you’ve stacked a considerable amount, you can consider moving the sats from your Lightning wallet to a regular bitcoin wallet as a standard transaction and thus take full responsibility and control over your coins.
“Bitcoin will change us more than we will change it” - Marty Bent
Good luck on your journey, and happy stacking!
Find out more and get started at Satsback.com.