Frequenty Asked Questions

Everyone starts somewhere. Our FAQs cover the most common Bitcoin questions we hear on the Isle of Man, from buying your first sat to securing your long-term holdings.

What is Bitcoin?

Bitcoin is digital money that runs on a decentralized network, meaning no bank or government controls it. You can send it anywhere in the world instantly and securely.

How do I buy Bitcoin on the Isle of Man?

You can buy through local exchanges or international platforms. We help you set up a safe wallet first, so you control your Bitcoin from the start.

How do I keep my Bitcoin safe?

The best way is to hold it in your own wallet instead of leaving it on an exchange. We teach you how to do this securely using trusted hardware devices.

What is the minimum amount I need to start?

There’s no minimum, you can buy a fraction of a Bitcoin. Start small, learn how wallets work, and build confidence before investing more.

What does "self-custody" mean?

Self-custody means you hold your own private keys, the cryptographic proof that your Bitcoin belongs to you. It removes the need to trust exchanges or third parties.

What happens if I lose my wallet or seed phrase?

If you lose both, your Bitcoin can’t be recovered. That’s why we teach safe backup methods and help you store recovery details securely across different locations.

What’s the safest way to store Bitcoin long-term?

For most people, a hardware wallet kept offline is best. Larger holders often use a 2-of-3 multisig setup, which we can design for clients.

How often should I check or update my setup?

Once or twice a year is enough. We recommend an annual “security day” to test backups, verify balances, and check your hardware for updates or wear.

Can a company hold Bitcoin as part of its assets?

Absolutely. Many firms now keep a portion of reserves in Bitcoin. We’ll show you how to record it properly, store it securely, and stay compliant with regulations.

How does Bitcoin fit into inheritance or estate planning?

You can include Bitcoin in your will just like other assets. We create clear instructions and backup systems so your heirs can access it safely when the time comes.

Is the Isle of Man a good place for Bitcoin holders?

Yes, it’s one of the most crypto-friendly jurisdictions in the world. The island offers a supportive regulatory environment and a growing local Bitcoin community.

Can Bitcoin be part of a long-term investment strategy?

Yes. Many individuals and businesses view Bitcoin as a long-term store of value. We can help you understand how to hold it securely and integrate it into your wider financial plans.

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