Before starting to read, please browse here for common abbreviations and here for an explanation of commonly used terms.  If you become stuck, then review the basics , and abz-bitcoin (bch+btc)  on the main menu. 


Here we give you an overview of the different approaches of
bitcoin-BTC  aka BTC and  sometimes as “bcore” by its detractors

bitcoin-BCH  aka CASH or BCH and sometimes as “bcash” by its detractors.

Terms can be confusing in that the mainstream media have little understanding of cryptos and are often unaware that BTC and CASH share much of the same infrastructure, including mining, wallet providers, users and investors.

Gradually mainstream media are beginning to realize that both brands have  very different strategies and serve very different use cases. Many alternative media such as specialized youtube channels and crypto-websites have vested interests in one of them and so of course are vehement supporters of their chosen one and often hostile and openly belligerent towards their rival.

BTC is focused currently on creating new protocols  that would give them a license to process transactions [txs] off the bitcoin blockchain. This is called sidechain-to sidechain [s2s] protocol based on their white paper of 2014.  

In contrast CASH is focussing on keeping the transactions peer to peer [p2p] and on the bitcoin blockchain.  Their   target fee for an average tx is under one cent until its price exceeds $5,000. A price of of $10k for  bitcoin-BCH would signal the normal fee rising to two cents.

Each merchant decides how many confirmations are necessary before your transaction is accepted by the merchant.

When your transaction gets written to the current block, that counts as the first confirmation. On average blocks are mined = created every 10 minutes. In the case of the hardware wallets we use, they ask for 6 or 7 confirmations, so that means it will take approximately an hour before a further six blocks are written to the public ledger after the block containing your transaction.



As of  mid-January 2018, typical volume of transactions per day is 300,000, where 400k represents the maximum capacity at present. When blocks become full during the busy periods, users  can outbid each other  in an effort to get their transactions into the next block.
Competiton can be steep .  To be on the safe side , if you wish your tx to have a good chance to make it to the next block, see here and scroll up until you see the highest line highlighted with  a “green for go”  background. Today 31st January 2018, that value is 40 satoshis [sats]. At today’s[5-feb-2018] bitcoin-btc price of $8k that means the cheapest fee to get your tx processed in the next block is 70 cents.
[ $8k * 0.040 (sats)  * 226 (average size of tx)  / 100,000 (1 btc = 100 billion sats)]

To give yourself a god chance for the fastest tx time  I suggest you add around $1 assuming you are transacting within 5 minutes of your fee calculation. In this case a fee of $1.70 should be sufficient to get your tx into the next block.


Bear in mind tx loads are very variable and your fee for speed  could be anywhere between 70 cents and $20. That’s why it’s prudent to check the going rate and make haste if your tx is urgent. Here’s some examples:

date average tx[230 bytes]  fee  target tx[230 bytes] fee for next blk  volume [24 hours]
31-jan-2018 $7 $4.50
05-feb-2018 $1.50 70 cents
07-feb-2018 $1.50 $2.50
10-feb-2018 $2 $1.50 180k

CAUTION: There is an alternative to this is for small payments: you can keep your petty cash on an exchange [for example coinbase] and then you can send funds to another person using that same exchange for free or for a small fee. However for large amounts that you CAN’T afford to lose, this method goes against the grain, because THE  2nd GOLDEN RULE OF BLOCKCHAIN is that to secure your funds you must have access to your private key. 


In contrast CASH is geared towards making micropayments attractive with a  particular appeal for low income earners.  Currently the typical volumes of transactions per day is around 30,000. Around 50% of transactions will be for less than a cent and still get processed within around 30 – 60 minutes. 

This makes CASH ideal as a teaching tool, so all our bitcoin lesssons take place on this chain. Once you’re conversant with  how CASH works, then you can easily transport your knowledge to do business on the BTC chain.


see here to check on the current transactions fees [average 24 hours].
Today [5-feb-2018] we see these averages over 24 hour period:

BTC: $6 per kilobyte = $1.50 for average  tx sized around 230 bytes. Volatility rules here and you can expect the average fee to be anywhere between $1.50 and $20. The typical fee for fast txs can be anywhere between $2.50 and $30. See VOLATILITY above for some examples.

CASH $0.16 per kilobyte = $.04 for an average-sized tx of around 230 bytes. Currently these fees are not subject to volatility and you can expect 50% of txs to go through with fees under 1 cent.


When teaching our clients on how to use the new crypto-currencies, we use the hands-on approach and we defer from teaching over-much theoretical jargon, as we could get too easily bogged down on unnecessary technicalities.

If you already know that you want to invest in cryptos, then we suggest that you buy 2 trezor wallets and a ledger nano s. If you’re not sure and want to test the crypto-stream,  then you can buy just one wallet.  In either case you can sell a surplus device to a friend at around 75% of the purchase price or it might make a nice birthday gift.


There are 4 stages to our strategy:

Lesson 1 

Before you buy any crypto, we send you $5 of CASH and $5 of ether tokens. You practice sending small amounts of CASH [1cent – $3]  back and forth between your accounts on your hw. Before you send,  you will monitor how the CASH ecosystem is running to estimate how much time your tx will take. The ether tokens are just to test the recovery process in the next section, part of your homework  to be accomplished

Lesson 2

Here we cover the more advanced concepts, such as setting up multiple wallets on your hww, multiple addresses on each wallet and  the concept of distinct fragments of CASH aka change. We guide you through a series of send / receives in order to illustrate the concept of change. 

Lesson 3

A basic tenet of the recovery procedures is that holding your seed means nothing if you don’t confirm your ability to restore. You wipe your device and we guide you through the recovery procedure with and without a passphrase. After this you will decide which option to go for, passphrase or not.


Lesson 4

Here you repeat your chosen type of recovery process according tour checklist.

We discuss the preferred ways of acquiring the cryptos of your choice.

Lesson 5

We teach you how to encrypt your seede and password, also your additional password and passphraase if go that route. This means that in addition to hiding them in multiple locations, you can carry an encoded version of them in your pocket or wallet or handbag. We also give you a suggestion how to memorize your key. So we leave you three ways to secure your key
1) the conventional way, by storing a penwritten water-proof version 

2) your encrpted version

3) your memorized version

Lesson 6

You will need at least 2 hardware wallets for this lesson. We teach you how to clone your main wallet. You will recover to both devices.


As such, our strategy is to give you a jump start of six lessons (one hour each), by the end of this you will have sent and received money back and forth between bitcoin crypto addresses several times. You will monitor the health of the ecosytem and also monitor progress of your transaction through the system. You will be confident about the recovery procedure.

And if you are impressed at this stage, you are ready to make your first investment into Bitcoin. Scarcity and usability are the fundamentals of keeping inflation of your crypto-asset at bay.

If after your 6 lessons, you do decide to invest in bitcoin both as means of exchange for products and services and as a store of value, then we consider that for you to be successful on this dual-purpose approach, you will need to master the abz rules of crypto. 



1) not making regular recoveries using 2 hww [3 monthly intervals recommended]

2)  misappropriation of funds via crypto-banks / exchanges / swappers

3) forgetting/ mislaying your password and not being able to recover from your seed-words [your funds are lost]

4) forgetting/ mislaying your passphrase [your funds are lost]

5) forgetting/ mislaying your seed-words [your funds are lost]

6) rogue programmers and / or developers taking advantage of some newly discovered loop-hole in the software

7) omitting to take a hardcopy of each important transaction

8) not paying attention to what ticker you’re sending to
[e.g. bitcoin ticker symbols = btc and bch]

9) by the physical degradation of the ink on paper wallets. You may be give paper wallets from time to time.

Carelessness is surely a factor but so many of these losses have been due to lack of first-rate education and that’s the niche we so nimbly address. 

Next port of call ……

We suggest to study these sections of the website

lesson-1 using trezor 

lesson-1 using ledger nano s  

If you get stuck on terminology, take a look at the glossary and relevant subsets of a-z.
If you decide you wish to go ahead with the lessons, you will need to purchase either the Ledger Nano S hardware wallet or the Trezor hardware wallet. We stronly recommend that you buy 2 devices of your chosen type.
To complete lesson 6 you will need to have 2 devices of the same type .