Yup. It's that easy. Make sure you use a fair bit of paper. I tend to use the top 1/3rd of the thick paper that makes up a bag of charcoal briquettes. If you are concerned about it not working then simply try with a small batch. The first ten minutes you won't see much action once the flames go out but as long as there's a bit of residual heat the bottom coals are lit and within 20 mins it should have lit most of the bucket.
Lol, yeah. I've got some pretty decent ones at the moment and I've found myself using them more and more for cooking even outside of the BBQ. Bacon is so much easier with them